The African Development Bank (AfDB) has elected Sidi Ould Tah as its new president.
AfDB announced this via a statement on Thursday, May 29, 2025.
Tah, who hails from Mauritania, was elected at the bank’s annual meetings held in Abidjan, Cote d’Ivoire, on Thursday.
The bank stated that the new president will assume office on September 1, 2025.
Tah will succeed Nigerian Akinwumi Adesina who led the AfDB for 10 years following his election in 2015.
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The bank further stated that Tah brings over 35 years of experience in African and international finance.
He 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’s balance sheet, secured a AAA rating, and positioned it among the top-rated development banks focused on Africa.
“Tah was also a former minister of economic affairs and finance of Mauritania.
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’s $1 billion callable capital programme for African multilateral development banks (MDBs).
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