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    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
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    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
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