African Bank’s Adesina Reflects as Successor Election Heats Up

“I am deeply proud of what we’ve accomplished,” said Dr. Akinwumi Adesina, President of the African Development Bank (AfDB), in an interview with AllAfrica reflecting on the successes and challenges of his two five-year terms at the helm of the continent’s largest development finance institution.

Under Adesina’s leadership, the AfDB’s capital base more than tripled, and the bank was named the world’s top multilateral financial institution in 2021. It also secured the highest ranking on the Aid Transparency Index published by Publish What You Fund. Adesina has been a prominent global advocate for Africa, frequently engaging with international leaders and ensuring that the continent’s priorities are highlighted on the world stage. “In every global engagement, I have worked to make sure Africa’s voice is heard and its interests are never overlooked,” he said.

The AfDB’s Board of Governors—comprised of representatives from 54 African and 27 non-African member countries—will elect a new president on May 29 during the bank’s annual meetings in Abidjan, its headquarters. According to The Economist, the leadership selection process has gained significance and intrigue, likened to a blend of a papal conclave and the geopolitical drama of Eurovision. Adesina will remain in his role until the new president assumes office in September.

Looking ahead, Adesina emphasized the need to promote and position Africa on the global stage. “We must continue attracting global capital to unlock Africa’s vast assets,” he said. “That’s the only way to drive development with dignity—and I believe Africa should develop with pride.”