US EditionAfrica: The "Optimist-in-Chief" Who Made Africa's Premier Development Bank a Global Powerhouse
- The African Development Bank will hold its 2025 annual conference in Abidjan from May 26 to 30, during which delegates will elect a new president to follow Dr. Akinwumi Adesina.
- During Dr. Adesina’s leadership, the bank’s capital more than tripled, increasing to $318 billion, while its investments in health, infrastructure, agriculture, and the digital economy positively affected the lives of over 565 million people.
- The bank faces challenges including US tariff impositions on 47 African countries, potential funding cuts in the concessional window, and global economic shocks affecting trade and food security.
- Despite perceptions of risk, Africa’s infrastructure loan default rate stands at 1.9%, lower than North America's 6.6% and Latin America's over 10%, demonstrating sound financial management.
- The meetings emphasize leveraging Africa’s capital and partnerships to drive transformation under the 'High 5s' agenda, aiming for sustainable growth and economic self-reliance in a shifting global context.
18 Articles
18 Articles
On Thursday 29 May, the shareholders of the African Development Bank will meet in Abidjan to elect the successor of the Nigerian Akinwumi Adesina, who completes his second term as head of the institution. RFI proposes to find the interviews of the five candidates in the contest to which the radio has opened its antenna.
Africa: The "Optimist-in-Chief" Who Made Africa's Premier Development Bank a Global Powerhouse
Washington, DC -- Heading the agenda at the five-day annual meeting of the African Development Bank (AfDB) that opens on May 26 is the election of the multilateral development bank's next president. Five candidates are vying to succeed Dr. Akinwumi Adesina, who has served the maximum of two five-year terms. During his tenure, the bank's capital has more than tripled, growing from $93 billion to $318 billion. AfDB was ranked by Global Finance mag…
African Development Bank President Bids Farewell to the AfDB Presidency
As the African Development Bank (AfDB) holds its 2025 Annual Meetings in Abidjan, Côte d’Ivoire, from May 26 to 30, the spotlight shines on a significant leadership transition. At a special breakfast session with journalists on the opening day, the outgoing President of the Bank, Dr. Akinwumi Adesina, reflected on his ten-year journey, describing it as more than just a professional role—it was a calling. “This is not a job. If anyone is looking …
It is a fact shared by all actors: in Africa, pension fund assets are growing rapidly. If fully exploited, they could provide vital resources for development financing, according to the African Development Bank (ADB). Moreover, the assets managed by pension funds amounted to $676 billion...
Election of Adesina’s successor tops agenda as 6,000 AfDB delegate meet in Abidjan
No fewer than 6,000 delegates have converged on Abidjan for the African Development Bank (AfDB) Group’s 2025 Annual Meetings. By Ese Williams No fewer than 6,000 delegates have converged on Abidjan for the African Development Bank (AfDB) Group’s 2025 Annual Meetings. The News Agency of Nigeria (NAN) reports that a key highlight of the meetings will be the election of a new AfDB President to succeed Dr Akinwumi Adesina, whose second five-year ter…
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