African Development Bank receives CIPS procurement award

By Georgia Wilson
African Development Bank has become the first multilateral bank in the world to receive recognition by Chartered Institute of Procurement & Supply...

African Development Bank has become the first multilateral bank in the world to receive recognition by Chartered Institute of Procurement & Supply (CIPS) for procurement excellence.

Following the completion of CIPS Procurement Excellence Programme, AfDB received a silver award at advanced standard levels. The achievement was due to the bank’s successful development of its corporate procurement processes for operations, management and strategy, building performance, capability and value.

“Winning this globally-recognised award is welcome news and we are delighted to be commended for demonstrating advanced levels of corporate procurement capability,” said Mateus Magala, Vice President for Corporate Services and Human Resources at the Bank commented.

SEE ALSO:

AfDB ensures that it is proactive in its efforts to enhance procurement processes at the bank, with special attention paid to economy and efficiency for both internal and external bank funded projects, as well as transparency and open competitive procedure for goods, works and services.

“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,” said Magala.

The CIPS Procurement Excellence Programme is globally recognised for performance improvement, with over 300 organisations worldwide achieving its award. Alan Martin, Head of Procurement Excellence, commented on the award: “Sincere congratulations for achieving the CIPS Procurement Excellence Award at advanced standard silver level. It’s 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.”

 

For more information on all topics for Procurement, Supply Chain & Logistics - please take a look at the latest edition of Supply Chain Digital magazine.

Follow us on LinkedIn and Twitter.

Share

Featured Articles

Shortlist Announced – The Global P&SC Awards 2024

Procurement Magazine and Supply Chain Digital have released the 2024 shortlist for the inaugural Global Procurement & Supply Chain Awards

Suzano: Pioneering High-Capacity Electric Trucks

Suzano, the world’s largest producer of market pulp, is testing the first high-capacity electric truck, the Atlas, developed by VIX Logística

Etihad Cargo’s Bold Bid to Increase Global Capacity

Etihad Cargo, the cargo and logistics arm of Etihad Airways, is expanding in a bid to offer comprehensive air cargo solutions to its customers

CGI: AI Already a Key Area of Focus for Supply Chain Leaders

Digital Supply Chain

Three Months Until Procurement & Supply Chain LIVE London

Digital Supply Chain

Procurement & Supply Chain LIVE Announces Chicago Event 2025

Digital Supply Chain