As Nigeria’s Akinwunmi Adesina completes his second term at the African Development Bank Group (AFDB), Mauritaniaโs Sidi Ould Tah has been elected as the ninth president of the bank.
Ould Tah’s emergence was announced on the bank’s website on Thursday.
Adesinaโs 10-year tenure will end this year and Tah is expected to take over on September 1, 2025.
Tah was elected to succeed Adesina after rounds of voting conducted by the AfDB Board of Governors during the Bankโs Annual Meetings held in Abidjan, Cรดte dโIvoire.
The Board comprises finance ministers and central bank governors from the Bankโs 81 member countries.
Tah defeated four other contenders, including Samuel Maimbo of Zambia, Amadou Hott of Senegal, Abbas Mahamat Tolli of Chad, and Swazi Tshabalala of South Africa.
The new AFDB helmsman holds a doctorate in Economics from the University of Nice-Sophia-Antipolis, France.
He has served as Mauritaniaโs Minister of Economic Affairs and later as Director General of the Arab Bank for Economic Development in Africa.
Tah, whose campaign was hinged on improving Africaโs growth, has also undergone executive training at Harvard University and the London Business School.
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