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 * December 25, 2024


EIGHT EYE AFDB PRESIDENCY NEXT YEAR

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Several candidates have already expressed their interest in succeeding Adesina,
aiming to either build on his legacy or chart a new direction for the Bank.



Adesina, Nigeria’s former Minister of Agriculture was first elected President of
the AfDB on May 28, 2015.

He was unanimously re-elected for a second term on August 27, 2020, and his
tenure concludes in May 2025.

The board of governors elects the President of the AfDB for a renewable
five-year term and oversees the bank’s daily operations under the guidance of
the board of directors, supported by a chief economist and five vice presidents.

With 82 member countries (54 regional and 28 non-regional) the AfDB provides
loans and grants to governments, funds development projects and technical
assistance programmes, and invests in private companies across Africa.



AfDB voting dynamics

The African Development Bank’s (AfDB) voting interests are indeed influenced by
powerful regional blocs, especially when they have a candidate running.

These blocs wield significant influence and can shape the outcome of elections.

These regional blocs can significantly impact the voting power of AfDB member
states, particularly if they have a candidate in the election.



By pooling their votes together, these blocs can increase their influence and
shape the outcome of elections.

However, interests often supersede the agreements made by each bloc, as
countries may decide to back a candidate who aligns more closely with their own
economic future.

Below is a list of candidates who have declared their interest in succeeding the
incumbent President, Professor Akinwumi Adesina, next year.

Abbas Mahamat Tolli



Tolli made history by being the first to declare his candidacy in February 2024.

Tolli’s candidacy gained significant traction when he was endorsed as the sole
candidate by the Economic and Monetary Community of Central Africa (CEMAC) in
January and later by the Economic Community of Central African States (ECCAS) in
February

Albert Zeufack

Zeufack is the World Bank country director for Angola, Burundi, the Democratic
Republic of Congo (DRC) and Sao Tome and Principe.



The Guardian Post Cameroon reports that his candidacy, however, is on shaky
ground following the delay by his home country, Cameroon, in announcing support
for his candidature..

Similar to the controversy brewing within the SADC between Zambia and South
Africa, member countries of the Economic and Monetary Community of Central
African States (CEMAC), to which Zeufack’s Cameroon belongs, have long endorsed
the immediate past Governor of the Bank of Central African States (BEAC), Abbas
Mahamat Tolli, a Chadian national, for the same position.

Rabah Arezki

Rabah Arezki, a dual citizen of Algeria and France, was appointed as the Chief
Economist and Vice President of Economic Governance and Knowledge Management at
the African Development Bank (AfDB) in 2020.



Prior to this role, he held prominent positions at the World Bank as Chief
Economist for the Middle East and North Africa Region, and at the International
Monetary Fund as Chief of the Commodities Unit in the Research Department.Amadou
HottIn September, Amadou Hott, the special envoy to the President of the African
Development Bank (AfDB) Group for the Alliance for Green Infrastructure in
Africa (AGIA), resigned from his position effective immediately to pursue his
candidacy for the AfDB presidency.

The African Development Bank confirmed his resignation, enabling him to
officially begin his campaign to succeed Adesina in 2025.

Hott’s candidacy has garnered support from Senegalese President Bassirou Diomaye
Faye, who has reached out to the Heads of State of the bank’s shareholder
countries to rally backing for Hott’s bid to lead the institution.Dr Samuel
Munzele MaimboDr Samuel Munzele Maimbo holds the position of Vice President for
Budget, Performance Review, and Strategic Planning at the World Bank, where he
has implemented significant reforms in business, planning, and budgeting
processes. Previously, he served as Chief of Staff to World Bank Presidents
David Malpass and Ajay Banga, and as Senior Advisor to two Chief Financial
Officers.

Maimbo’s candidacy has garnered strong support from the influential Southern
African Development Community (SADC) and the Common Market for Eastern and
Southern Africa (COMESA) Heads of State and Government.Ousmane KaneOusmane Kane,
a former AfDB Vice-President, is reportedly running to succeed Adeshina.



With 15 years of experience at the AfDB, Kane is known for his commitment to
inclusive and sustainable development, and is a close associate of Mauritanian
President Mohamed Ould El Ghazouani.

Bajabulile Swazi Thsabalala

Swazi Tshabalala, who joined the African Development Bank (AfDB) in 2018 as Vice
President for Finance and became Senior Vice President in November 2021,
resigned from her position in October to pursue her candidacy for the
presidency, following her endorsement by the South African government.

Her endorsement has sparked controversy within the Southern African Development
Community (SADC), a bloc of 16 countries from Southern, Central, and Island
Africa that collectively hold over 14 percent of voting rights in the AfDB
presidential election.



Traditionally, the SADC votes as a united bloc, but South Africa—holding more
than 5 percent of the voting rights—has disrupted this alliance by backing
Tshabalala, fracturing the coalition.

According to the Africa Report, South Africa did not find Zambia’s Maimbo’s
candidacy favourable.Romuald WadagniRomuald Wadagni, Benin’s Minister of Economy
and Finance, entered the race for the AfDB presidency in July with strong
backing from his government.

In a show of support, his government pledged US$2 million to the upcoming
replenishment of the African Development Fund, the concessional arm of the
African Development Bank Group.

Wadagni announced the donation during the opening session of the Mid-Term Review
of the Fund’s 16th Replenishment in October.



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 *  * December 25, 2024
   
   
   NAAZ SET FOR ALGERIA CHAMPIONSHIPS

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