AADFI
Definition
Abbreviation for Association of African Development Finance Institutions: A group that brings together development finance institutions across Africa to promote economic growth and cooperation.
Example
Example 1:
The Development Bank of Nigeria (DBN) is a member of the AADFI. Through this membership, it connects with similar institutions across Africa to share best practices on how to fund small businesses and infrastructure projects that commercial banks often ignore.
Example 2:
A development bank in Kenya joins the AADFI to collaborate with counterparts in Egypt, South Africa, and Senegal. Together, they pool resources and knowledge to fund large cross-border projects like highways and energy plants that no single country’s institution could finance alone.