AfDB: All Set For Adesina’s Second Term Inauguration Today

'Dotun Akintomide
Writer

Ad

Utilities Accelerate Asset Acquisitions as U.S. Power Demand Soars

U.S. utilities have signed billions of dollars worth of mergers and acquisitions (M&A) deals this year, driven by the desire to position themselves for the power demand surge. The electric, gas, and water utilities sector has so far this year agreed more than $60 billion worth of asset and corporate acquisition deals, according to LSEG…

The World’s Most Valuable Unicorn Companies in 2025

Key Takeaways With a $350 billion valuation, SpaceX ranks first globally, driven by partnerships with NASA and Starlink’s expanding global footprint. OpenAI’s valuation has grown by more than tenfold since 2023, reaching $300 billion. TikTok-parent ByteDance follows next, worth $220 billion with approximately two billion users globally. Unicorn companies are making a comeback fueled by…

Traxport, Vecturis seal investment deal to modernise Nigeria’s freight rail

By Obinna Uballa Traxport Rail Services Ltd has signed a Technical Support and Investment Agreement (TSIA) with Belgian rail operations firm Vecturis, in a move aimed at transforming freight rail services in Nigeria. The deal, announced in Lagos, will see Vecturis provide technical and managerial expertise as Traxport expands operations along the Lagos-Kano corridor and…

Ad

Re-elected president of the African Development Bank (AfDB), will be sworn-in today as he kick-starts his second term of five years at the bank.

A statement by the bank said the swearing in ceremony will be attended by Heads of States, Governors and external stakeholders.

The virtual ceremony will start at 9am GMT.

It will be conducted in compliance with the Covid-19 pandemic-related social distance guidelines, and broadcast online.

A globally renowned development economist, World Food Prize Laureate and Sunhak Peace Prize Laureate, Dr. Adesina has distinguished himself in driving a bold agenda to reform the Bank and accelerate Africa’s development.

He was first elected as President of the Bank on May 28, 2015. He was re-elected unopposed last week, winning unanimous votes of all the governors of the bank.

Expected to be present at the bank for the event that will be streamed live is the new chairman board of governors of the bank, Kenneth Ofori-Atta, Ghana’s minister of finance.

Also expected is the former chairman of the board, Ivorian Niale Kaba.

The secretary-general of the AfDB Group, Professor Vincent Nmehielle will read Akinwunmi’s citation, before the oath taking.

The inauguration proceedings can witnessed via the following links:

Vimeo: https://vimeo.com/452838432(link is external)
YouTube: https://youtu.be/1UKmCe8RS24(link is external)
YouTube Channel: https://www.youtube.com/c/AfDBGroup/(link is external)

Facebook Page: https://www.facebook.com/AfDBGroup(link is external)
AfDB TV: https://play.google.com/store/apps/details?id=com.app.afdbtv(link is external)

Android / IoS: https://apps.apple.com/us/app/afdb-tv/id1500047879?ls=1(link is external)

Ad

X whatsapp