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What's Known About Sidi Ould Tah, New President of African Development Bank?
What's Known About Sidi Ould Tah, New President of African Development Bank?
Sputnik Africa
What's Known About Sidi Ould Tah, New President of African Development Bank?In the third round of voting, Mauritanian Ould Tah was elected president of the... 29.05.2025, Sputnik Africa
2025-05-29T19:02+0200
2025-05-29T19:02+0200
2025-05-29T19:28+0200
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What's Known About Sidi Ould Tah, New President of African Development Bank?In the third round of voting, Mauritanian Ould Tah was elected president of the AfDB with 76% of the vote, defeating Zambian Samuel Munzele Maimbo. He will serve as the ninth president of the pan-African institution for five years. Ould Tah will officially assume office on September 1 of this year. As the former head of the Arab Bank for Economic Development in Africa (2015-2025), Ould Tah has a solid reputation and extensive continental experience. The four pillars outlining the basis of Sidi Ould Tah's leadership: "The needs on the continent require financing of more than $400 billion." "The continent must unite and speak with one financial voice on the world stage." "Africa's growing population is not a burden. It is a tremendous opportunity." "Gross exports are a thing of the past; industrial Africa is the future." He thus takes the succession of the Nigerian Dr. Akinwumi Adesina, who had spent 10 years at the head of the AfDB.
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sputnik africa, africa, african development bank (afdb), economy, finance, bank, cooperation
What's Known About Sidi Ould Tah, New President of African Development Bank?
In the third round of voting, Mauritanian Ould Tah was elected president of the AfDB with 76% of the vote, defeating Zambian Samuel Munzele Maimbo.
He will serve as the ninth president of the pan-African institution for five years. Ould Tah will officially assume office on September 1 of this year.
As the former head of the Arab Bank for Economic Development in Africa (2015-2025), Ould Tah has a solid reputation and extensive continental experience.
The four pillars outlining the basis of Sidi Ould Tah's leadership:
Mobilizing capital on a large scale;
"The needs on the continent require financing of more than $400 billion."
Reforming Africa's financial architecture;
"The continent must unite and speak with one financial voice on the world stage."
Transforming the demographic dividend into economic power;
"Africa's growing population is not a burden. It is a tremendous opportunity."
Industrializing Africa while developing its natural resources;
"Gross exports are a thing of the past; industrial Africa is the future."
He thus takes the succession of the Nigerian Dr. Akinwumi Adesina, who had spent 10 years at the head of the AfDB.
