The African Development Bank has been recognised for procurement excellence by the Chartered Institute of Procurement & Supply (CIPS), the world’s largest professional body for procurement and supply management professionals, with offices all over the world including Africa.
The Bank was awarded a silver award at advanced standard level following the CIPS Procurement Excellence Programme, for having successfully developed its corporate procurement processes from an operational focus to managerial and strategic, building performance, capability and value.
The Bank is the first multilateral development bank in the world to receive this recognition.
Mateus Magala, Vice President for Corporate Services and Human Resources at the Bank commented: “Winning this globally-recognised award is welcome news and we are delighted to be commended for demonstrating advanced levels of corporate procurement capability.”
The Bank ensures that special attention is paid to economy and efficiency in its procurement processes, both internally and externally across bank-funded projects. Transparency and open competitive procedures for procurement of goods, works and services are also essential.
The Bank has been proactive in enhancing its corporate procurement processes and pinpointing the procurement department’s role as a fundamental activity in its strategic operations. “We have made significant progress in improving corporate procurement performance to catalyse the Bank’s efforts in achieving sustainable development and poverty reduction on the continent,” Magala added.
Alan Martin, Head of Procurement Excellence said, “Sincere congratulations for achieving the CIPS Procurement Excellence Award at advanced standard silver level. It’s clear that the Bank has the right procurement governance mechanisms in place for effective supply assurance and compliance. We hope the Bank will continue to effect change while adding value from procurement processes."
The CIPS Procurement Excellence Programme is an in-depth benchmarking process measuring an organisation’s procurement function against CIPS world-class standards of excellence and its global framework.
About the CIPS Procurement Excellence Programme
The CIPS Procurement Excellence Programme is a globally recognised programme for performance improvement, and more than 300 organisations worldwide have achieved an award after completing it. The programme works by reviewing an organisation’s procurement and supplier management procedures and highlighting where improvements and efficiencies can be made. There are five ‘dimensions’ under assessment common to every business, regardless of sector or market: leadership and management, strategy and policy, people, processes and systems, and performance management.
• Global coffee consumption projected to hit a record 169.4 million 60-kg bags in 2025/2026, up from...
• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might see...
• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo...
• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boo...
• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector cou...
As work on the first phase of the Ahmed Sékou Touré International Airport expansion continues, Guinean authorities have announced their intention to move...
• Loulo-Gounkoto mine remains shut as Mali’s administrator seeks to restart it by selling stored gold• Barrick halted operations in January over export...
Hive Coega has officially entered its construction phase, with tenders now out for its core infrastructure. This milestone comes four years after the...
Côte d’Ivoire, the world’s leading cocoa producer, has set an ambitious target: to process 100% of its cocoa crop at the first stage by 2030. While the...
Located about 40 kilometers from Cape Town’s city center, Boulders Beach in Simon’s Town is one of the Cape Peninsula’s most iconic destinations. This...
The Gerewol tradition is a fascinating ritual celebrated by the Bororo Fulani, a nomadic community primarily located in Chad and Niger. This annual...