Archive · 29 May 2025
African Development Bank to Elect New President on Thursday
Africa is about to choose a new 'super banker' to run the African Development Bank (AfDB).
The election is this Thursday, with five people competing to lead the bank.
The AfDB helps fund projects in Africa.
The current head, Akinwumi Adesina, is stepping down.
The new leader will have to deal with a changing world, including potential funding cuts from the US.
To win, a candidate needs support from most countries and African nations.
Big African countries like Nigeria and South Africa have a lot of say in who gets chosen.
Five candidates are vying to become the next head of the African Development Bank (AfDB).
The election will take place on Thursday in Abidjan, Ivory Coast.
The AfDB is a major multilateral development bank with 81 members.
The successor to Akinwumi Adesina will face challenges, including potential US funding cuts.
To win, a candidate needs a majority of votes from both all members and African nations.
- Who
- Five candidates, including one woman, are competing to be the next head of the African Development Bank.
- What
- The election for the next head of the African Development Bank.
- When
- Thursday.
- Where
- Abidjan, Ivory Coast.
- Why
- To replace the current president and lead the AfDB's development projects.
- Organization
- African Development Bank (AfDB)
- Location
- Abidjan, Ivory Coast
- Number of Members
- 81
- Outgoing President
- Akinwumi Adesina
- AfDB Capital (2024)
- $318 billion
- Largest Non-Regional Contributors
- United States and Japan