OREANDA-NEWS. The entire process will be driven by a new Development and Business Delivery Model (DBDM) approved by the Board in April to streamline the Bank’s work and improve its efficiency.

The DBDM is anchored on five pillars – move closer to the Bank’s clients to enhance delivery; reconfigure the headquarters to support the regions to deliver better outcomes, strengthen the performance culture to attract and maintain talent, streamline business processes to promote efficiency and effectiveness, and improve financial performance and increase development impact – to deliver the High 5s.

Under the DBDM, four sector complexes, led by Vice-Presidents, have been created. Three of them are focusing on four of the High 5 priorities, with a mandate to develop a strategy to achieve them, and the fourth will cover Economic Governance.

The new Power, Energy and Green Growth sector complex will deliver the “Light up and power Africa” priority. The new Agriculture, Human and Social Development Complex sector complex will work to “Feed Africa” and “Improve the quality of life for the people of Africa”. A slightly adjusted Private Sector, Infrastructure and Industrialisation complex will focus on “Industrialise Africa”. The final High 5 priority, “Integrate Africa”, will be driven collectively by the regional development, integration and business delivery hubs. The Chief Economist’s Office will provide leadership for macroeconomic management, governance and counter-cyclical budget support.

“I believe we can all be proud that this Bank has an exceptional record in serving Africa,” President Adesina wrote in a message to all staff announcing the DBDM. “When it reached its 50th anniversary in 2014, it had many millions of reasons to celebrate, in the form of the many millions of lives it has touched. Our task now is to ensure that the Bank continues to move forward to deliver greater development impact for the people of Africa. We must constantly have greater ambitions for Africa. Africa must think big, act big and deliver big.”

By every standard, Adesina’s first year in office has been remarkable for the momentum it has unleashed for Africa’s economic transformation. This change is critical for Africa and Africans.