AfDB Amplifies Africa’s Voice in Global Finance, Says Adesina
The African Development Bank (AfDB) President, Akinwumi Adesina, reflects on his transformative decade at the helm, highlighting the institution’s role in amplifying Africa’s presence in global financial discussions.
“I take pride in leaving a financial institution that commands global respect,” Adesina shared.
Under his leadership, the AfDB’s capital grew from $93 billion to $318 billion, solidifying its global stature.
The Bank has championed critical issues like climate change, energy transition, and food security, earning accolades as a transparent and solutions-driven multilateral institution.
Adesina emphasized the need for private sector involvement to tackle Africa’s development challenges. The Bank’s ambitious ten-year strategy (2024–2033) aims to triple non-sovereign operations and boost green infrastructure investment through initiatives like the $10 billion Green Infrastructure Alliance.
Adesina’s push for equitable resource taxation and responsible investments has drawn attention to Africa’s potential. “Africa’s vast opportunities must benefit its people. Tax evasion and profit shifting undermine development,” he noted, advocating reforms in global tax structures.
