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Mauritania’s Sidi Ould Tah Elected Africa’s New ‘Superbanker’
- On Thursday in Abidjan, Ivory Coast, Sidi Ould Tah, who previously served as Mauritania’s economy minister, was elected president of the African Development Bank.
- The election required a majority vote from all 81 member countries, including 54 African nations, and Tah won decisively in the third of three rounds.
- Tah secured 76.18 percent overall and 72 percent of African votes, defeating Zambian economist Samuel Munzele Maimbo, who received 20.26 percent of the votes.
- During his ten-year tenure, the outgoing president highlighted that AfDB initiatives positively impacted 565 million individuals, while the bank’s capital grew over threefold, rising from $93 billion in 2015 to $318 billion this year.
- Tah faces challenges including a disrupted global economic environment and a potential $500 million US funding withdrawal for AfDB projects supporting low-income African countries.
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134 Articles
134 Articles
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7
Center
17
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SA’s Swazi Tshabalala loses out on AfDB presidency to Mauritanian Sidi Ould Tah
South Africa’s hopeful and the only female candidate for the presidency of the African Development Bank, Swazi Tshabalala, has lost out on the position to Mauritanian economist Sidi Ould Tah.
·Johannesburg, South Africa
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The former minister who succeeds the Nigerian Adesina inherits an institution in question of capital, with the major challenge of maintaining the course despite the decline in US financing.
·Paris, France
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African Development Bank elects former BADEA chief, finance minister of Mauritania as president
Sidi Ould Tah, who recently stepped down as Arab Bank for Economic Development in Africa (BADEA) president, must find fresh financing to offset Trump's tariffs and the likely loss of $555mn in US funding.
·Berlin, Germany
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Total News Sources134
Leaning Left7Leaning Right7Center17Last UpdatedBias Distribution55% Center
Bias Distribution
- 55% of the sources are Center
55% Center
L 23%
C 55%
R 23%
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