{"id":119290,"date":"2025-05-30T08:14:26","date_gmt":"2025-05-30T07:14:26","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=119290"},"modified":"2025-05-30T08:14:26","modified_gmt":"2025-05-30T07:14:26","slug":"afdb-sidi-ould-tah-replaces-adesina-as-president","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/afdb-sidi-ould-tah-replaces-adesina-as-president\/","title":{"rendered":"AfDB: Sidi Ould Tah replaces Adesina as President\u00a0"},"content":{"rendered":"<div style=\"text-align: justify;\">By Myke Agunwa<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Mauritania\u2019s Sidi Ould Tah has been elected to replace Akinwumi Adesina as President of African Development Bank (AfDB) Group.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Tah was elected on Thursday at the bank\u2019s annual meetings held in Abidjan, C\u00f4te d\u2019Ivoire, according to a statement from the AfDB.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">A national of Mauritania, Tah brings over 35 years of experience in African and international finance, the bank said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cHe served as president of the Arab Bank for Economic Development in Africa (BADEA) for 10 years from 2015, where he led a full transformation that quadrupled the Bank\u2019s balance sheet, secured a AAA rating, and positioned it among the top-rated development banks focused on Africa,\u201d the AfDB said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cTah was also a former minister of economic affairs and finance of Mauritania.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">AfDB noted that he has held senior roles in multilateral institutions and has led crisis response, financial reform, and innovative resource mobilisation for Africa, including the establishment of BADEA\u2019s $1 billion callable capital programme for African multilateral development banks (MDBs).<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The statement noted that Tah will assume office as its 9th president on September 1, 2025.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to the statement, Tah was elected by the bank\u2019s board of governors, comprising finance and economy ministers or central bank governors of the bank group\u2019s 81 regional and non-regional member countries.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe board is the highest decision-making authority for the Bank Group. The results were announced by Niale Kaba, Minister of Planning and Development for C\u00f4te d\u2019Ivoire, and Chairman of the Board of Governors of the Bank Group,\u201d the statement reads.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe winning candidate is required to obtain at least 50.01 percent of both the regional and non-regional votes.\u201d<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The AfDB said the other candidates that were unsuccessful in the election include, Amadou Hott (Senegal), Samuel Maimbo (Zambia), Mahamat Abbas Tolli (Chad), and Bajabulile Swazi Tshabalala (South Africa).<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">The institution said the board of governors steering committee received and approved a total of five candidates by the closing date of January 31, adding that the list of candidates was officially announced on February 21.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Adesina, a Nigerian economist, was at the helm of affairs of the financial institution for 10 years following his election in 2015 and served for two tenures.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Myke Agunwa Mauritania\u2019s Sidi Ould Tah has been elected to replace Akinwumi Adesina as President of African Development Bank (AfDB) Group. Tah was elected on Thursday at the bank\u2019s&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":119291,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-119290","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>AfDB: Sidi Ould Tah replaces Adesina as President\u00a0 - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/afdb-sidi-ould-tah-replaces-adesina-as-president\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AfDB: Sidi Ould Tah replaces Adesina as President\u00a0 - Pointblank News\" \/>\n<meta property=\"og:description\" content=\"By Myke Agunwa Mauritania\u2019s Sidi Ould Tah has been elected to replace Akinwumi Adesina as President of African Development Bank (AfDB) Group. 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