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Adesina becomes new ADB President

Adesina becomes new ADB President

Akinwumi Adesina, Nigeria’s Minister of Agriculture and Rural Development has been elected as the 8th President of the African Development Bank

 

Adesina who had the firm support of both current President, Goodluck Jonathan and President elect Muhammadu Behar has gone all over Africa campaigning for the top job.

Adesina succeeds Donald Kaberuka, whose second term as President of the Bank ends in August.

His name was announced by Albert Toikeusse Mabri, Minister of Planning and Development for Côte d’Ivoire, and current Chairman of the Board of Governors of the African Development Bank.

The election was conducted by the Board within the Annual Meetings of the African Development Bank Group, held in Abidjan.He beat eight other contestants to occupy the position that is key to shaping economic policy direction of the continent.

Adesina, 55, will assume office on 1 September 2015.

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