News

Mauritanian Sidi Ould Tah elected President of the African Development Bank

Mauritanian Sidi Ould Tah elected President of the African Development Bank
Thursday, 29 May 2025 17:51

- Mauritanian candidate Sidi Ould Tah won more than 76% of total regional and non-regional votes in the African Development Bank (AfDB) election.
- Ould Tah majored votes from the bank's 81 member countries, signalling priorities such as job creation, universal energy access, and promotion of transcontinental trade integration.

Mauritanian economist Sidi Ould Tah was elected President of the African Development Bank (AfDB) during the annual meetings on May 29, 2025. Outshining Zambian candidate Samuel Maimbo with more than 76% of the regional and non-regional votes, Ould Tah has become the 9th President of the AfDB, succeeding Akinwumi Adesina.

Commanding over 72% of regional votes, Ould Tah secured majority support among the bank's 81 member countries. Prior to his election, he served as President of the Arab Bank for Economic Development in Africa (BADEA). With nearly 30 years of experience in development financing, he garnered support from several African and Arabic countries, including Djibouti.

Ould Tah's campaign was distinctive for its focus on strengthening financial resource mobilization, notably by forging partnerships with Gulf countries. He stressed the need to turn AfDB into a crucial driver of African economic transformation.

His presidential agenda includes creating jobs for young people and women, investing in fragile areas, developing human capital, ensuring universal access to energy, reinforcing agricultural value chains, and promoting transcontinental trade integration.

Ould Tah has also advocated for a more proactive AfDB on the international stage, capable of sourcing significant resources and managing them efficiently to respond to Africans' needs.

His election comes at a critical juncture for Africa, as the continent faces major hurdles such as debt crisis, climate change, and the need to reignite economic growth. There are high expectations for Ould Tah's ability to infuse a new vigor into AfDB and contribute to the continent's sustainable development.

On the same topic
The US–RDC–Rwanda accords mark a shift from conflict diplomacy to engineered control of critical minerals. Washington aims to counter China by securing...
Inflation is easing, but food, transport and living costs are still rising, keeping households under strain. Reserves have improved, yet cedi...
Fortuna Mining plans a construction decision for Diamba Sud in Q2 2026. New drilling results will feed an updated resource estimate early next...
Alassane Ouattara is sworn in after winning the October 25 election. He pledges to serve all Ivorians and uphold national unity. His new term...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

West African universities met in Dakar to address youth employment Delegates drafted a 10-15 ...

West African Universities Draft Long-Term Training Plan to Meet Labor-Market Needs
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.