African Bank Chief Set for Re-Election After Governance Test
- African Development Bank’s Adesina is sole candidate
- Strength of lender’s corporate governance was tested: Adesina
Akinwumi Adesina
Photographer: Jason Alden/BloombergThis article is for subscribers only.
The head of Africa’s largest multilateral bank is poised to be re-elected for a second term, emboldened by the support of shareholders after being cleared of wrongdoing by two probes.
African Development Bank President Akinwumi Adesina is set to be voted in for another five years as the sole candidate at a two-day meeting that begins on Wednesday. The 60-year-old Nigerian is seeking to unite member countries around a support program that’s already seen the AfDB source $100 billion to stabilize economies in a continent of 1.2 billion people hobbled by the coronavirus pandemic.