African Development Bank has grow to be the primary multilateral financial institution on the planet to obtain recognition by Chartered Institute of Procurement & Supply (CIPS) for procurement excellence.
Following the completion of CIPS Procurement Excellence Programme, AfDB acquired a silver award at superior customary ranges. The achievement was as a result of financial institution’s profitable growth of its company procurement processes for operations, administration and technique, constructing efficiency, functionality and worth.
“Winning this globally-recognised award is welcome news and we are delighted to be commended for demonstrating advanced levels of corporate procurement capability,” mentioned Mateus Magala, Vice President for Corporate Services and Human Resources on the Bank commented.
AfDB ensures that it’s proactive in its efforts to reinforce procurement processes on the financial institution, with particular consideration paid to financial system and effectivity for each inside and exterior financial institution funded tasks, in addition to transparency and open aggressive process for items, works and providers.
“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,” mentioned Magala.
The CIPS Procurement Excellence Programme is globally recognised for efficiency enchancment, with over 300 organisations worldwide reaching 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.”
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