Africa’s premier development finance institution, the African Development Bank (AfDB) yesterday saw its efforts at improving procurement process paid off with the recognition in commendation for exhibiting procurement excellence by the Chartered Institute of Procurement & Supply (CIPS). The CIPS is the world’s largest professional body for procurement and supply management professionals, with offices all over the world including Africa. This Award came at a very auspicious time and captures efforts being made by the Bank’s management led by Dr. Akinwumi Adesina is building a world class development finance institution.
Dr. Akinwumi Adesina, President, African Development Bank.
Moreso, the African Development Bank is the first multilateral development bank in the world to receive this recognition. Commending the efforts of the African Bank, Alan Martin, Head of Procurement Excellence expressed a sincere congratulations to the Bank for achieving the CIPS Procurement Excellence Award at advanced standard silver level, noting that it is 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”, he added.
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. Speaking on the Award, the Vice President Corporate Services and Human Resources at the African Development Bank Mateus Magala, said that winning this globally-recognised award is welcome news and that the staff and management of the Bank are delighted to be commended for demonstrating advanced levels of corporate procurement capability.
This goes to show the level and depth 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.
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.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry.