By Amie T. Camara

As recently posted by Afrinity Production in congratulating Akinwumi Adesina as he was Re-Elected on Thursday during the bank’s 55th Annual Meetings, which is being held virtually due to COVID-19 restrictions.

Being a globally-renowned development economist and a World Food Prize Laureate and Sunhak Peace Prize Laureate, Dr. Adesina has distinguished himself in driving a bold agenda to reform the bank and accelerate Africa’s development.

“I am delighted that the Board of Governors have re-elected Dr. Adesina for a second term in office as President,” Minister Niale Kaba, said.

“As shareholders, we strongly support the Bank and will give him all the necessary support to carry forward and implement his compelling vision for the Bank over the next five years.”

“I am deeply grateful for the collective trust, strong confidence, and support of our shareholders for electing me for a second term as President,” Adesina said. “It is yet another call for selfless service to Africa and the African Development Bank, to which I will passionately devote myself.”

The African Development Bank is Africa’s premier development finance institution, comprising 54 regional and 27 non-regional member countries.

“The future beckons us for a more developed Africa and a much stronger and resilient African Development Bank Group,” Adesina said. “We will build on the strong foundations of success in the past five years, while further strengthening the institution, for greater effectiveness and impacts.”

The AfDB, founded in 1964, is geared towards spurring “sustainable economic development and social progress” among member African countries.

Nigeria is the AfDB’s largest shareholder with 16.8 percent of rights, while Germany and the United States own 7.4 percent and 5.5 percent respectively.

Source___Channels TV