| Description: |
In 1988, a group of 25 prominent business leaders convened at the Headquarters of the African Development Bank in Abidjan, to advise the then Bank President on strategies to enhance the role of private enterprises in African development. As a result, a Private Sector Development Unit was set up in the Bank for direct ADB financing of African private enterprise. After a span of two years, this informal grouping of business leaders saw the wisdom of mobilizing the African private sector into a coherent body capable of re-engineering the continental role of private enterprise as the engine of growth for Africa. Thus in March 1990, at a historic meeting in Cairo, the African Business Roundtable (ABR) was born. |
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