The African Development Bank (AfDB) 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, said: “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.