AfDB: Why Adesina Deserves a Second Term

[Wacha1]

Former Irish leader to lead probe on African bank chief

https://www.bbc.co.uk/news/live/world-africa-47639452?

Ireland's former President Mary Robinson will lead a panel investigating the leader of the African Development Bank (AfDB) Akinwumi Adesina.

The panel will be reviewing the report of the AfDB Ethics Committee, which cleared Mr Adesina of corruption accusations in early May. However, pressure for an independent investigation has persisted, with the US rejecting the initial inquiry that cleared him.

A 15-page report earlier this year claimed that under his watch the bank had been marred by poor governance, impunity and favouritism. Mr Adesina has denied all the allegations. Ms Robinson will lead the probe, alongside Gambia's Chief Justice Hassan Jallow and the World Bank's integrity vice-president Leonard McCarthy, the bank's board of governors said in a statement on Wednesday.

The inquiry is due to deliver its findings in two to four weeks.

The AfDB plays an important if largely behind-the-scenes role in African economies, financing projects in agriculture, health, energy, education, transport and other development sectors.

Why the US is targeting Akinwumi Adesina

African nations should buy shares of those countries outside Africa.

 

[SHERRIF ARPAIO]

wacha kuharibu Dr Adesina anatosha! Ile ni international institution na kwa alichofanya jamaa anastahili kuendelea! Uchaguzi unafanyika kwa consensus!

I endorse Dr. Adesina

 

[Wacha1]

Tunaendelea kungoja uchunguzi wa pili. Nina imani OAU watachangamka ili AfDF iwe na majority share holders wa nchi za Africa hatuwezi kuburuzwa na USA pamoja na washiriki wake, lazima kuona tunatupilia mbali share zao jalalani. Oooops tunazinunua.

 

[Geza Ulole]

WAMEANZA KUMUCHAFUA WAPUUZI

Wakenya wanahusika pia!

 

[Wacha1]

AfDB: Independent panel clears Adesina

AfDB: Independent panel clears Adesina - Daily Post Nigeria

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An Independent Review Panel has exonerated the President of the African Development Bank (AfDB), Akinwumi Adesina, of any ethical wrongdoings.

The panel was set up by AfDB Bureau of Governors, following a complaint by the United States.
It reviewed the process by which two previous organs of the Bank – Ethics Committee of the Board and Bureau of the Board of Governors – previously exonerated Adesina.

Former and serving African heads, led by ex-Nigerian leader, Olusegun Obasanjo, declared support for Adesina. Members of the panel were Mary Robinson, former President, Republic of Ireland and ex-United Nations High Commissioner for Human Rights; Chief Justice of the Supreme Court of Gambia, Hassan B. Jallow; and Leonard F. McCarthy, former Director of Public Prosecutions and ex-Head, Directorate of Special Operations of South Africa.

In January, sixteen allegations of ethical misconduct were levelled against Adesina by a group of whistleblowers. But after a review, the Bank’s Ethics Committee, in March, described the allegations as “frivolous and without merit.”

The findings and rulings were upheld by the apex Bureau of the Board of Governors in May.

The report of the independent panel states that it “concurs with the (Ethics) Committee in its findings in respect of all the allegations against the President and finds that they were properly considered and dismissed by the Committee.”

The panel said it “considered the President’s submissions on their face and finds them consistent with his innocence and to be persuasive.”

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The decision clears the way for Governors of the Bank to re-elect Adesina to a second five-year term as President during annual meetings of the Bank scheduled for August 25 – 27.

The former Minister for Agriculture in Nigeria, was awarded the prestigious World Food Prize in 2017 and the Sunhak Peace Prize in 2019 for global leadership in agriculture and for good governance. In AfDB, Adesina ensured of setting up offices in several African nations to get closer to its clients.

He oversaw the Africa Investment Forum that has attracted $79 billion in investment interests into projects in Africa between 2018 and 2019. Adesina led a General Capital Increase campaign that culminated in the Bank’s shareholders raising the institution’s capital from $93 billion to $208 billion, in October 2019.

In June and July, Standard and Poors and Fitch Ratings affirmed the ‘AAA’ rating of the AfDB, with stable outlook. The AfDB, under Adesina, launched a $10 billion crisis response facility to boost African nations’ ability to tackle the health and economic effects of COVID-19.

Fantastic news. Good to see Adesina cleared. Wenye roho za korosho wakajinyonge. Sasa ni zamu ya SADC kununua shares kwenye bank hii.

Kama Sadc wakileta longo longo Tanzania tuchukue msimamo na fursa ya kununua shares kwenye hii bank. We need to look for the future of our childrens children. Hatuwezi kuwategemea USA kuwa bigger share holders kwenye bank ya Ki-Afrika.

Also reactions: AfDB: A lie has no leg - Atiku reacts as independent panel clears Adesina - Daily Post Nigeria

AFDB: Ortom congratulates Adesina over exoneration by independent panel - Daily Post Nigeria

Adesina: They want to hijack AfDB from Africa - Obasanjo - Daily Post Nigeria

 

[Wacha1]

Safi sana ..... .. . one of the brightest son of Africa ameshinda fitna na majungu ya USA. Sasa huu ndio wakati wa Tanzania na nchi nyingine za Afrika kuona kwamba AfDB inamilikiwa na waafrika tu. Nunueni shares za USA, Japan etc kwa sababu hawa ni wapinzani wetu they will never support our efforts to be free.

 

[Wacha1]

AfDB Annual General Meeting 2020: A Renewed Commitment To Economic Resilience In Africa

AfDB Annual General Meeting 2020: a renewed commitment to economic resilience in Africa - East African Business Week

27th August 2020
Credit: Godfrey Ivudria

Abidjan, Côte d’Ivoire, 26 August 2020 – The 55th Annual Meetings of the African Development Bank and the 46th meetings of the Board of Governors of the African Development Fund (ADF) began in Abidjan, Côte d’Ivoire, on Wednesday, 26 August 2020.

In his opening speech, the President of Côte d’Ivoire, Alassane Ouattara, highlighted the unusual context of this year’s Annual Meetings, taking place against the backdrop of the COVID-19 pandemic. He also underscored the Bank’s critical support for his country and other regional members.

“This is an opportunity for me to acknowledge the African Development Bank, its President and Board of Directors, for the unwavering support expressed in these difficult times to African states. Indeed, the Bank’s COVID-19 Rapid Response Facility has made it possible to finance and support African countries in the fast implementation of plans to fight the pandemic.”

President Ouattara praised the “remarkable capacity to adapt that the Bank has shown by continuing its operations and functioning in virtual mode, since March 2020,” and the work accomplished by Bank President Akinwumi Adesina “who has successfully led the transformation of the African Development Bank and has given it great credibility and visibility, of which we are proud.”

This year’s meetings are being held virtually due to restrictions occasioned by the COVID-19 health crisis. The highlights of the 2020 sessions are the election of the Bank Group’s president and the statutory meetings of its Governors, which are being held behind closed doors.

President Ouattara wished Adesina good luck in his re-election bid.

According to estimates by the African Development Bank, Africa could lose $173.1 billion in GDP in 2020 and $236.7 billion in 2021 because of the pandemic. The restrictions and strict lockdown measures imposed at the start of the crisis, some of which are being gradually relaxed, have resulted in mass closures of businesses and millions of job losses. The aim is, therefore, to soften the impact of the anticipated recession.

Addressing the audience, Adesina celebrated the excellent relationship between the institution and Côte d’Ivoire, which is home to the Bank’s headquarters. He also paid tribute to the country’s steady economic progress.

“With the pandemic, Africa has lost over a decade of gains of economic growth. Africa’s

recovery will be long and difficult. Now we must help Africa to build back, boldly, but smartly, paying greater attention to quality growth: health, climate and the environment

Back in April, the Bank reacted swiftly to the pandemic, with a series of bold measures to support its regional member states to help cushion them against the impacts of the outbreak. One example was the launch of the COVID-19 Response Facility of up to $10 billion. The response, like the crisis, is now on a continental scale. From the north to the south of the continent, the Bank has provided massive support to strengthen the resilience of regional member states.

The Bank has provided support worth $22 million to regional bodies such as ECOWAS in West Africa, to strengthen the health systems of low-income countries, and to CEMAC in central Africa. It also assisted the G5 countries in the Sahel to the tune of $20 million.

During the meetings, Governors from the Bank’s 54 regional member states in Africa and 27 non-regional member states, will also evaluate the response to the pandemic, which will help to build a truly resilient post-COVID-19 Africa.

Nialé Kaba, Ivorian Minister for Planning and Development in Côte d’Ivoire and president of the Bank’s Board of Governors, stressed that the pandemic was, in spite of all, an opportunity to “take up the challenge of the digitization of our economies”. She encouraged the Bank’s management “to provide substantial support to African countries individually and collectively in order to strengthen national and regional digital infrastructure for greater connectivity.”

The African Development Bank’s Annual Meetings are attended by Ministers of Finance, central bank governors, political decision-makers, civil society organizations, heads of international organizations and key representatives of industry and the private sector.

The Governors will vote to elect the Bank’s president on Thursday, 27 August 2020. Adesina, the first Nigerian to occupy the role, was elected by the Bank’s Board of Governors for a five-year term on 28 May 2015 at the 50th Annual Meetings, which took place in Abidjan.

In his speech, Adesina welcomed Ireland as the Bank Group’s 81st member.

 

[Wacha1]

African Development Bank debars four companies involved in fraudulent and collusive practices for 24 months - East African Business Week

African Development Bank Debars Four Companies Involved In Fraudulent And Collusive Practices For 24 Months


African Development Bank debars four companies involved in fraudulent and collusive practices for 24 months - East African Business Week

The sanction renders Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited ineligible to participate in Bank-financed projects during the debarment period. Additionally, the 24-month debarment of the companies qualifies for cross-debarment by other multilateral development banks under the Agreement for Mutual Recognition of Debarment Decisions, including the Asian Development Bank, the European Bank for Reconstruction and Development, the Inter-American Development Bank and the World Bank Group.

The Zaria Water Supply Expansion and Sanitation Project in Nigeria is co-financed by the African Development Fund, an entity of the African Development Bank Group.

Abidjan, Côte d’Ivoire, 20 August 2020 – The African Development Bank Group on 20 August 2020, announces the 24-month debarment of Sangtech International Services Limited, Sangar & Associates (Nigeria) Limited, Mashad Integrated and Investment Co. Limited and Medniza Global Merchants Limited. All four companies are registered in Nigeria.

An investigation conducted by the Bank’s Office of Integrity and Anti-Corruption established that the debarred companies engaged in fraudulent and collusive practices during a tender for the supply of water meters, automatic meters and house connection materials, under the Zaria Water Supply Expansion and Sanitation Project in Nigeria.

If Africa wants to develop, that is the way we need to conduct our business, with our own Banks. JK Nyerere aliliona hili lakini mwana mpotevu aliamua kuuza NBC.

 

[Wacha1]

In a speech kicking off his second term as African Development Bank chief, newly sworn in President Akinwumi Adesina unveiled a sweeping vision to consolidate the institution’s successes of the last five years, hone the Bank’s operations and exploit opportunities and urgency created by the COVID-19 pandemic.
“The COVID-19 pandemic has changed everything globally. It has thrown Africa’s growth back,” Adesina said. “Now, we must help Africa build back boldly, but smartly, paying greater attention to quality growth: especially in the areas of health, climate and the environment.”

Adesina outlined four strategic pillars: ‘Institution’, ‘People’, ‘Delivery, and ‘Sustainability, that will drive five top-level goals that include deepening quality and impact; and maintaining financial sustainability.
The President stressed the new framework would enhance and complement the Bank’s High-5 priorities, which have guided its mission since 2015, and which align with other continental and global development framework. “UNDP has shown that achieving the High-5s would lead to achievement of 90% of the SDGs and the Agenda 2063 of the African Union.”

“We will build on the great successes we have had in agriculture, by scaling up technologies to reach tens of millions of farmers and supporting Africa to build competitive agricultural value chains. We will add value to what we produce in Africa, and provide creative and high-tech opportunities for massive youth engagement in agriculture and agribusiness.”

A significant element of the program will entail strengthening the Bank, a development that is partly responsive to the challenges spurred by the ongoing pandemic but also an element of the institution’s longer-term efforts to meet Africa’s development needs.

“The future beckons the Bank to be more agile and more selective; to scale up what’s working already and reinforce its own institutional and human capacity. Our Bank must ensure its own long-term financial sustainability to drive Africa’s growth further, deeper and faster in the years to come.”
The Bank responded swiftly to the COVID-19 pandemic and its twin health and economic crises, setting up a response facility of up to $10 billion to extend flexible and targeted support to its member countries. The pandemic has also pointed up the need for a greater strategic focus on Africa’s health care systems. The Bank, Adesina stated, “will pay increased attention to supporting Africa with quality health care infrastructure, and building on its comparative advantage in infrastructure.”

Adesina unveiled the High 5 priorities in his inaugural speech in 2015. They are: Light up and power Africa; Feed Africa; Industrialize Africa; Integrate Africa; and Improve the Quality of Life for the People of Africa. Under the High-5s, 18 million Africans have gained access to electricity, 60 million enjoy new access to water, and 141 million people have benefited from improved agricultural technologies for food production.

“When you first elected me five years ago, I had a vision. Five years later, I have yet a vision to build on our collective achievements over the next five years. A vision to build a much stronger and resilient African Development Bank Group with the leadership and capacity to deliver greater quality impacts for the people of Africa, while remaining financially strong and sustainable,” Adesina said.

Safi sana.