The University of Alberta has conferred an honorary doctorate of science degree on Dr. Akinwumi A. Adesina, President of the African Development Bank. This was done at its convocation event on the 4th of June 2019, in Edmonton, Canada.
Dr. Adesina, a global renowned leader, has dedicated his entire life to helping millions of people out of poverty. For over 30 years, he has enacted policies to encourage investment in agriculture. Even more, his policies have given millions of farmers access to funding and credit, fertilizer and improved seeds.
He was appointed in as President of the African Development Bank in 2015. Since then, Adesina has played key roles in the development of the organization.
The organization has won numerous international recognition for it’s transparent and effective governance and programs that advance the UN’s Strategic Development Goals. From 2015 to 2018, the Bank was able to achieve huge developmental results such as: 70 million people gaining access to improved agricultural technologies; 31 million people benefitting from improved access to water and sanitation; 16 million people gaining access to new or improved electricity; 55 million people gaining access to better transport services, and 9 million people benefitting from private sector investment projects.
Also, Dr. Adesina has launched key initiatives aimed at unleashing African Women’s potential. The Affirmative Finance Action for Women in Africa (AFAWA) is a pan-African initiative designed to bridge the $42 billion financing gap facing women in Africa. Furthermore, it aims to drastically transform the banking and financial landscape in Africa. Even more, it will provide incentives for easy access to women in business
Dr. Adesina has also contributed to changing the perception of business in Africa, by promoting de-risked development projects seeking finance from private investors.