Dr. Akinwumi Adesina has been re-elected as President of the African Development Bank (AFDB) in a meeting on Thursday, August 28, 2020, with 100 percent votes of all regional and non-regional members of the bank.
Due to the physical restrictions imposed by the COVID-19 pandemic, the election was conducted online on the final day of the 2020 Annual Meetings of the bank. Adesina was first appointed to serve as President of the Bank on May 28, 2015, and he would start his new term of another five years on September 1, 2020.
The Chairperson of the Board of Governors of the Bank, Niale Kaba said she was thrilled that the Board of Governors had re-elected Adesina for a second term in office.
“As shareholders, we strongly support the Bank and we will give him all the necessary support to carry forward and implement his compelling vision for the Bank over the next five years,” she said.
According to reports, the AFDB President’s first term focused on a bold new agenda for the Bank Group based on five developments priorities known as the High 5s, which include Light up and Power Africa, Feed Africa, Industrialise Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.