"> #AFDB: Abuja Chamber Commends Akin Adesina's Re-appointment, Thanks AFDB Governors - Sahel Standard
September 22, 2020
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#AFDB: Abuja Chamber Commends Akin Adesina’s Re-appointment, Thanks AFDB Governors

The President, Abuja Chamber of Commerce and Industry, Prince Adetokunbo Kayode has congratulated Dr. Akinwunmi Adesina over his reappointment as president of African Development Bank (AfDB) even as he lauded the Governors of the bank for eventually acknowledging Adesina’s contributions in the last four years.

Dr Adesina was reappointed on Thursday at the bank’s 55th Annual Meetings and the 46th meetings of the Board of Governors of the African Development Fund.

Prince Kayode noted that Adesina had in the last four years changed the face of AFDB,making it more impactful on the developmental lives of Africa.

According to the press release signed by the ACCI media officer, Latifat Opoola, the Chamber President listed several interventions of the bank on infrastructure, health, education and economy,citing also the increase in bank’s capitalisation and improved governance.

The ACCI President noted that Adesina’s bold reforms and achievements in the bank including repositioning the bank globally, and driving highly impactful programs have accelerated the development of the continent earned him his reappointment.

Prince Adetokunbo said since the Adesina’s election at the bank, the bank has maintained its AAA rating by all the four major global rating agencies, four years in a row. This is a reflection of the bank’s sound financial and risk management, excellent liquidity and strong shareholder support.

According to him, Adesina’s reforms have shown excellent results leading the bank to be effectively decentralised to get closer to its member countries and clients.

He tasked the bank”s President to rededicate himself to the task of financially empowering and developing Africa,urging him to in his second term , attend to the needs of African chambers of businesses which are peopled by SMEs.

“We congratulate Dr Adesina and we urge him to be a President of SMES in his second term. We acknowledge his contributions so far. Africa is proud of him”, the statement concluded.

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