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{UAH} Fwd: FW: New AfDB chief Akinwumi Adesina: 'I will not let you down'

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May 28, 2015








QUOTABLE











"It is not money that delivers development.
It is the policies that bring good return to that investment, in
addition to delivery capacity."







— Donald Kaberuka, outgoing president of the African Development Bank

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DEVELOPMENT BUZZ












New AfDB chief Akinwumi Adesina: 'I will not let you down'


By Jenny Lei Ravelo









Nigeria just simultaneously lost its agriculture minister and gained
its first African Development Bank president.

After more than five hours of anticipation and frenzy over social
media on Thursday, Africa's leading development finance institution
announced its new president: Akinwumi Adesina, the man known for his
colorful bow ties.

It was no straightforward win for Adesina, who has served for the past
five years as Nigeria's minister of agriculture and rural development.
He was up against Thomas Sakala, former vice president at the bank
who had the backing of the Southern African Development Community.

Lone female candidate Cristina Duarte of Cape Verde also proved to be
tough competition, while Sufian Ahmed, Africa's longest-serving
finance minister and a favorite for the role, was surprisingly
eliminated second.

Some experts predicted Adesina would follow the way of past Nigerian candidates.
Abuja, despite having the largest voting power at the bank, has
never succeeded in sitting one of its own at the institution.
In 2005, outgoing President Donald Kaberuka from Rwanda defeated
Nigerian candidate Olabisi Ogunjobi, who was also a former vice
president at the bank.

But Adesina was a clear crowd favorite, and any support he lacked
geographically, he made up for on social media.
As of publication of this article, Adesina already has more than
13,000 Twitter followers — and counting.








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5 more global development startups you should know about







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#INNOV8AID











5 ways technology can help sustainable fishing









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your help — emerge from the event.

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