News

Adesina Looks Back on His AfDB Tenure, Says 565 Million Lives Changed

Adesina Looks Back on His AfDB Tenure, Says 565 Million Lives Changed
Tuesday, 27 May 2025 10:58

(Ecofin Agency) - • AfDB President Akinwumi Adesina highlights the impact of his leadership, citing benefits to 565 million Africans.
• Major development milestones under the High 5 strategy included infrastructure, clean water, and electricity access.
• As his term ends, Adesina warns of mounting geopolitical and climate-related challenges for Africa’s future.

During a press lunch at the African Development Bank’s (AfDB) 2025 Annual Meetings in Abidjan, outgoing president Akinwumi Adesina shared that over 565 million Africans had their lives improved by the Bank’s projects under his leadership. He insisted this figure was not just a statistic but a sign of real change and fulfilled hopes.

Adesina used the moment to revisit the Bank’s High 5 strategy, launched in 2015 to drive Africa’s growth across five priorities: Light Up and Power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the Quality of Life for the People of Africa.

He pointed to several key achievements. For example, 128 million people now benefit from better public services. He highlighted the Gabal El Asfar wastewater treatment plant in Egypt, the largest in Africa, which now serves 12 million residents.

On transportation, 121 million people gained access to improved infrastructure. One standout project was the Senegambia Bridge, which cut a journey between Senegal and The Gambia from two days to just 15 minutes, boosting regional trade.

In food security, 104 million Africans saw direct benefits. A major contributor was the $1.5 billion Emergency Food Production program. It helped 13 million farmers produce 44 million tons of food, easing pressure during crisis periods.

The Bank’s efforts also focused on basic services. Now, 63 million people have access to clean drinking water, 34 million to improved sanitation, and 28 million to electricity. Adesina shared a personal story from a Kenyan woman who gained electricity through the last-mile connectivity project. She said, “We were in the dark, now we have light.” For Adesina, this kind of testimony reflects what the Bank is really about: changing lives.

But the impact extended beyond social services. Adesina emphasized the Bank’s transformation under his leadership. AfDB’s capital surged from $93 billion in 2015 to $318 billion today. Its African Development Fund was replenished to a record $8.9 billion. New financial tools like hybrid capital and synthetic securitization positioned the Bank as a global leader, even earning it the title of best multilateral development institution.

Adesina described the High 5 priorities not just as a framework, but as a movement. All 81 member countries endorsed it during consultations for the AfDB’s 2024–2033 ten-year strategy. He said he was proud to pass this legacy to the next president.

However, the road ahead will not be easy. Africa still faces huge challenges, made worse by global trends. Long-time partners such as the United States are rethinking development strategies. The Trump administration, under domestic pressure, has shifted focus toward energy security and critical supply chains. This has already led to funding cuts for long-term infrastructure in Africa.

Food insecurity remains a major concern, worsened by dependence on imports and climate disruptions. Climate change hits Africa hard and demands big investments in resilience. At the same time, weak tax systems and illicit financial flows hold back efforts to raise local resources. Youth unemployment is rising fast, driven by a booming population, which increases inequality and sparks social tension. Creating inclusive economic opportunities is now more urgent than ever.

Whoever takes over from Adesina must guide the Bank through a complex geopolitical environment. International partners, often with conflicting interests, will closely watch how well the Bank aligns with their goals. The next leader will also need to keep AfDB financially strong to support big projects like Mission 300, which aims to bring electricity to 300 million Africans by 2030.

The next president will have to strengthen ties with the African private sector to close funding gaps and deliver results that keep shareholder trust. As Adesina says his goodbyes, speculation continues around who will succeed him, with whispers of political influence shaping the final decision.

On the same topic
Tanzania plans to boost local palm oil production to cut down on imports that meet over half of its edible oil needs. The country seeks technical...
• Africa loses over $587 billion annually to capital flight, driven by corruption and illicit flows• External capital inflows totaled...
With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue...
• Aliko Dangote and three other African philanthropists featured in TIME’s 2025 philanthropy list• Collectively, their foundations have committed billions...
Most Read
01

• WAEMU’s tax revenue remains far below the 20% benchmark, stuck at 14% of GDP• IMF projects target ...

IMF Warns WAEMU May Miss 20% Tax-to-GDP Target Until 2048 or Beyond
02

• The NCC now requires telecom operators to publish details of major service outages.• Operators mus...

Nigerian Regulator Orders Transparency on Telecom Outages
03

• U.S. bill includes 5% tax on money sent abroad by migrants, affecting $13B to Africa• Nigeria...

New U.S. Remittance Tax Threatens African Families and Fintech Startups
04

South Africa’s Unemployment Insurance Fund (UIF) will inject $21 million into the South Afr...

South Africa: UIF Injects $21M into Post Office to Save 6,000 Jobs
05

• Vodacom aims to grow mobile financial service users from 88 million to 120 million• Vision 2030 st...

Vodacom Targets 32 Million New Mobile Money Users by 2030
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.