Akinwumi Adesina of Nigeria has been elected as the 8th President of the African Development Bank (AfDB).

Adesina,Adesina2 who is the Minister of Agriculture and Rural Development in Africa’s biggest economy, won the vote by 58.1 per cent of the total votes cast by both regional and non-regional members. “I’m honored & humbled by the support I’ve received & the confidence placed in me. Our best days are ahead,” Adesina said on twitter.

AfDB governors began voting on Thursday to elect a new president to guide the pan-African lender through the continent’s increasingly complex financial environment. Adesina was one of eight candidates, which included Cape Verde’sFINANCE minister, Cristina Duarte, and Bedoumra Kordje of Chad, who vied to take over from Rwandan Donald Kaberuka. Kaberuka will step down in August after serving two five-year terms, the limit for a president.

Adesina will assume office on 1 September 2015.

This entry was posted in Uncategorized. Bookmark the permalink.