Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    July 27, 2026

    Ethereum Price Races Towards $2K on Huge ETH Staking

    July 27, 2026

    NGX Group Declares N1.30 Interim Dividend

    July 27, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%
    • Ethereum Price Races Towards $2K on Huge ETH Staking
    • NGX Group Declares N1.30 Interim Dividend
    • Interbank Rates Diverge as Financial System Liquidity Declines
    • FCMB Gains 11% as Group Hints at H1 2026 Earnings, Incentive Plan
    • FirstHoldco Jumps 25% on Post-Earnings Momentum, Firm Cuts TP
    • Access Holdings Surges 16% in Pre-Earnings Bets
    • CBN to Auction N700 billion Worth of Nigerian Treasury Bills
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Monday, July 27
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Akinwunmi Adesina Re-Elected as AfDB President

    Akinwunmi Adesina Re-Elected as AfDB President

    Marketforces AfricaBy Marketforces AfricaAugust 27, 2020Updated:October 11, 2025 News No Comments3 Mins Read
    Akinwunmi Adesina Re-Elected as AfDB President
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Akinwunmi Adesina Re-Elected as AfDB President

    African Development Bank President Akinwumi Adesina has been re-elected to lead the group for another five years.

    Adesina, who returned unopposed, formally requested for a second term as AfDB president, saying he was “doing it with an acute sense of duty and commitment.

    He said, I do it to serve Africa and our bank, in an unbiased way, to the best of the abilities that God has given me.

    In his speech, Adesina made a case for his re-election as head of the institution, saying that he wanted to fulfil “his sense of duty and commitment.

    He recalled that his five-year term as head of the African Development Bank Group was marked by the implementation of five strategic priorities for the continent’s development, known as the “High 5s.”

    “Five years ago, right here in Abidjan, you elected me president of the African Development Bank. It was a huge responsibility to shoulder.

    “I promised that I would work tirelessly to accelerate Africa’s development. My vision, focused on the High 5 priorities, was my commitment, my promise, my compass,” Adesina said during a virtual session at the start of the Bank’s 2020 Annual Meetings.

    Dear Governors, these Annual Meetings are my opportunity to offer you my services and seek a second term as President of the African Development Bank

    “Time has passed so quickly,” he noted, citing the Bank’s achievements in the five years of his presidency: 18 million additional people now have access to electricity, 141 million people have received more advanced agricultural technology to improve food security, 15 million people have access to financing, 101 million now have access to improved transport, and 60 million people have gained access to water and sanitation.

    Read Also: AfDB approves $2m to assist WHO reinforces capacity against COVID-19

    With these positive results, President Adesina asked the Board of Governors to renew their trust in him for the next five years.AFDB: President seeks a second term “to serve Africa”

    “Dear Governors, these Annual Meetings are my opportunity to offer you my services and seek a second term as President of the African Development Bank.

    I do so with humility. I do so with an acute sense of duty and commitment. I do so to serve Africa and our Bank,” he stated.

    Côte d’Ivoire President Alassane Ouattara, who witnessed Adesina’s election in 2015, welcomed the fact that his country was once again presiding over the electoral process.

    He called on the Bank’s Governors, headed by Ivorian Minister of Planning for Planning and Development Kaba Nialé, to respect the articles governing the institution, before addressing a message to the candidate.

    Ouattara wished Adesina well and said he hoped that his re-election bid was successful. Adesina is the sole candidate in the running.

    Akinwunmi Adesina Re-Elected as AfDB President

    AfDB
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    Ethereum Price Races Towards $2K on Huge ETH Staking

    NGX Group Declares N1.30 Interim Dividend

    Interbank Rates Diverge as Financial System Liquidity Declines

    Access Holdings Surges 16% in Pre-Earnings Bets

    FirstHoldco Jumps 25% on Post-Earnings Momentum, Firm Cuts TP

    Add A Comment

    Comments are closed.

    Editors Picks

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    July 27, 2026

    Ethereum Price Races Towards $2K on Huge ETH Staking

    July 27, 2026

    NGX Group Declares N1.30 Interim Dividend

    July 27, 2026

    Interbank Rates Diverge as Financial System Liquidity Declines

    July 27, 2026

    FCMB Gains 11% as Group Hints at H1 2026 Earnings, Incentive Plan

    July 26, 2026
    Latest Posts

    Oil Prices Fall Sharply on Peace Hope, China Cuts Imports by 50%

    July 27, 2026

    Ethereum Price Races Towards $2K on Huge ETH Staking

    July 27, 2026

    NGX Group Declares N1.30 Interim Dividend

    July 27, 2026

    Interbank Rates Diverge as Financial System Liquidity Declines

    July 27, 2026

    Access Holdings Surges 16% in Pre-Earnings Bets

    July 26, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.