…Assumes office for a second term of five years 

The President of the African Development Bank, Akinwumi Adesina has been officially sworn in for a second term of five years in a virtual ceremony held at the Bank’s headquarters in Abidjan, Côte d’Ivoire.

The president in his speech during the event pledged to focus on four areas: institution, people, delivery and sustainability; to transform the development landscape of Africa.

In his words, “When you first elected me five years ago, I had a vision. Five years later, I have yet a vision to build on our collective achievements over the next five years. A vision to build a much stronger and resilient African Development Bank Group with the leadership and capacity to deliver greater quality impacts for the people of Africa, while remaining financially strong and sustainable.”

The AfDB said that Adesina’s first term saw the Bank achieve impactful results on the lives of millions of Africans and maintain its AAA-ratings by all major global credit rating agencies for five years in a row.

 Adesina was unanimously reelected as AfDB president on August 27, the final day of the 2020 Annual Meetings of the AfDB which were held virtually due to disruptions occasioned by the COVID-19 pandemic.