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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

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    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

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    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

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    Ghana’s public debt stock hits ¢575.7bn in November 2022; more than 90% of GDP – BoG

    Govt strikes deal with Insurance Association on debt exchange programme

    We must invest in crucial infrastructure to accelerate AfCFTA’s success– Bawumia to African Leaders

    NCCE Chairperson pays courtesy call on BoG Governor

    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

    Accra never sleeps, neither does The Cosmopolitan …The Cosmopolitan now runs 24/7 [ARTICLE]

    Tax on agro inputs a threat to agribusiness and food security – Analysts

    Completely exempt individuals from DDEP over GAB agreement – Senyo Hosi to govt

    Assin State College receives Dano “Inner Strength” Award

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    Government and Association of Banks reach agreement on DDEP

    DDE: Banks secure 5% coupon for 2023; other revisions

    Cocoa bill payment; BoG, COCOBOD others agree to roll over maturing investments

    AfriCatalyst to host conference on use of Special Drawing Rights to accelerate economic transformation

    Banks seek shorter maturities in local debt-swap deal

    Zenith Bank ceases trustee services in unit trust schemes in Ghana

    Gold for oil policy will reduce pressure on forex – Bawumia

    Ghana best place for business – Nana Addo woos UAE investors

    Registrar of Companies increases fee for business registration

  • TECHNOLOGY

    MTN to fight $773m tax bill from government

    Telcos to implement 1% E-Levy charge from today

    Huawei Equips 500 Traders in FinTech

    Africans urged to bolster adoption of Bitcoins

    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Meta considered building a Twitter competitor to capitalize on Elon Musk’s ‘crisis’ at company

    E-commerce in Ghana – statistics & facts

    Telcos ready to begin deactivating unregistered SIMs – Chamber of Telecommunications

    Malagasy delegation completes tour of Ghanaian Fintechs and MFIs

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    Feed Africa Summit: African Development Bank to commit $10bn to make continent breadbasket of the world

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    What does 2023 hold? Predictions in payments for the year ahead for Africa

    Nigeria set to stop importation of refined oil and refine its own oil by 2023

    EIU analysts forecast grim economic outlook for Africa in 2023

    AUDA-NEPAD holds workshop for Youth and Media on AU Year of Nutrition

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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Nigeria’s agric minister elected new president of AfDB

bycitibusinessnews
May 28, 2015
in Banking And Finance, Business, Top Stories
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Nigeria’s minister of Agriculture and Rural Development Akinwumi A. Adesina has been elected as the new president of the African Development Bank (AfDB).

[contextly_sidebar id=”cI7qlVY0ybcgr0T3lUlhSsqBcgSnQWyg”]He becomes the eighth person elected as AfDB president.

Akinwumi A. Adesina secured the position after beating two other candidates, Chadian Finance Minister Kordje Bedoumra and Cape Verde’s finance minister Cristina Duarte.

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The three were shortlisted from a list of eight candidates.

Adesina secured 58 percent of the votes in the final round at a meeting in Abidjan, Ivory Coast a few hours ago.

The Chadian Finance Minister Kordje Bedoumra, secured 32 percent support, and his counterpart from Cape Verde, Cristina Duarte, 10 percent.

Adesina will take over as head of the development bank on Sept. 1, this year.

The African Development Bank operates under the leadership of the President, who serves as the legal representative of the Bank, the Chairperson of the Board of Directors, and the Chief of Staff of the Bank.

The President conducts the current business of the Bank, under the direction of the Board of Directors.

The President is elected by the Board of Governors and serves a 5-year term, renewable once.

The outgoing President, Dr. Donald Kaberuka, a national of Rwanda, was elected in July 2005, and commenced his first term on 1 September 2005.

Following his re-election in May 2010, he commenced his last 5-year term on 1 September 2010.

–
By: Vivian Kai Lokko/citifmonline.com/Ghana

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