09 Sep 19: The African Development Bank (http://www.AfDB.org) has been recognized 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 an 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.