Adesina Reaffirms Commitment to Africa’s Development as AfDB Presidency Nears Its End

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As his second and final term at the African Development Bank (AfDB) draws to a close on September 1, 2025, President Akinwumi Adesina has restated his lifelong dedication to mobilizing global capital in support of Africa’s development. Speaking at the Standard Chartered Africa Summit in Lagos on July 31, he delivered a keynote titled “Tilting Global Capital for Unlocking Investment Opportunities in Africa”, declaring:

“Together, let us tilt global capital to unlock Africa’s assets… I will always have Africa in my heart and in my sight.”

Adesina also reflected on the significant transformation the Bank underwent during his leadership. Under his watch, AfDB’s capital expanded from US $93 billion in 2015 to US $318 billion by 2024, while over US $102 billion in low-cost financingwas deployed to the continent. He pioneered innovations such as leveraging IMF Special Drawing Rights and launching the Africa Investment Forum, which has attracted more than US $225 billion in investment interest. As he prepares to hand over leadership, he underscores that his mission to elevate African economies will transcend his official tenure.

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