WorldStage Newsonline– Dr Akinwumi Adesina, President of the African Development Bank (AfDB) has described his 10 years leadership of the institution during when he grew grey hair as a decade of relentless purpose, of enduring passion, and of tireless service.
Speaking at a breakfast meeting held for the media to declare open the AfDB 2025 Annual Meetings in Abidjan, he said, “When I was elected in 2015, I did not have any grey hair then. Now my hair has turned several shades of grey.
“Grey from 10 years of unrelenting drive to push Africa forward. Grey from our tireless efforts to turn the Bank into a globally respected financial institution where it was ranked as the best multilateral financial institution in the world.
“Grey from leading the Bank to achieve the largest capital increase in its history, raising the capital of the Bank from 93 billion dollars in 2015 to 318 billion dollars today – an unprecedented achievement.
“Grey from leading the Bank to achieve the highest replenishment of the African Development Fund in the history of the Fund, as we successfully raised 8.9 billion dollars for its 16th replenishment.’’
He said; “Grey from working side by side with my staff to lead on global financial innovations such as the launch of hybrid capital instruments and synthetic securitization, becoming the first ever multilateral financial institution to do so globally.”
According to him, “Grey from our collective work to ensure that we serve the people of Africa with passion, dedication, accountability, to help Africa develop with pride.
“Grey from holding nothing back in service of the people of Africa.”
Discribing President of AfDB is the greatest honour of his life, Adesina said, “It has been a decade of relentless purpose, of enduring passion, and of tireless service. I thank you for walking on this journey with me,’’ he said.
Adesina, a Nigerian Development Economist and Agricultural Development Expert became president of the bank 10 years ago.
This was after serving as Nigeria’s Minister of Agriculture from 2011 to 2015, transforming the sector by attracting private sector investments as well as supporting youth and Small and Medium Enterprises (SMEs).
Adesina is dedicated to transforming agriculture in Africa from a subsistence activity to a viable business that attracts investments.
He is also passionate about ending poverty, hunger and malnutrition in Africa and lifting millions of people into the middle class.
The 2025 meetings are being held under the theme: “Making Africa’s Capital Work Better for Africa’s Development.”
Key highlights of the sessions include the Presidential Dialogue, the launch of the African Economic Outlook, and in-depth thematic discussions aimed at mobilising capital and building stronger institutions.
The Annual Meetings which opened on Tuesday will end on Friday.
