After Sidi Ould Tah of Mauritania was elected as the new President of the African Development Bank Group (AfDB) during its Annual Meetings in Abidjan, Côte d’Ivoire, stakeholders and shareholders have developed high expectations.
Tah is anticipated to take over from Nigeria’s Akinwunmi Adesina, whose term ends in late August. Adesina held office for two 5-year terms at the pan-African financial institution
Tah was chosen for election by the Bank’s Board of Governors, which consists of Finance and Economy Ministers or Central Bank Governors from the 81 regional and non-regional member countries of the Bank Group. The board is the Bank Group’s ultimate decision-making authority.
Niale Kaba, who serves as Côte d’Ivoire’s Minister of Planning and Development and is the Chairman of the Bank Group’s Board of Governors, announced the results.
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