Nigeria’s ex-finance minister Dr. Ngozi Okonjo-Iweala became the new Director-General of the World Trade Organization (WTO). The lady becomes the first woman and the first African to hold this position.
She received support from David Walker, the WTO Board Chairman, who reassured of the intention of all WTO members to help her accomplish her mission. “We look forward to collaborating closely with you, Dr. Ngozi, and I am certain that all members will work with you constructively during your tenure as director-general to shape the future of this organization,” he said.
Dr. Ngozi Okonjo-Iweala's appointment follows a nine-month selection process that saw many female candidates apply and then withdraw. Examples are Kenyan Amina Mohamed and South Korean Yoo Myung-hee who ended up dropping their candidacies.
Following her official appointment, the new WTO Director-General expressed her intention to prioritize the recovery from the pandemic. “A strong WTO is vital if we are to recover fully and rapidly from the devastation wrought by the Covid-19 pandemic. I look forward to working with members to shape and implement the policy responses we need to get the global economy going again. Our organization faces a great many challenges but working together we can collectively make the WTO stronger, more agile, and better adapted to the realities of today,” the new Director-General said. She will officially take office March 1st for a renewable tenure set to end on August 31st, 2025.
AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...
Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...
Investment bank BCID-AES established in Bamako Bank aims to fund infrastructure, agricultur...
This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...
Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...
Standard Chartered finalized a FCFA 51.7 billion ($86 million) loan to build rubber and palm oil factories for the state-owned CDC. Repayment is...
In this week’s health update, the Africa CDC is turning to drone-based logistics to expand access to vaccines and essential medicines, while researchers...
Islamic Development Bank funds €306.9 million Benin-Togo corridor road upgrade Project modernises key Cotonou-Lomé trade route, easing...
BOAD approves $35.7 million to upgrade Burkina Faso–Mali border road Project targets 130 km, boosting regional trade and transport links Road...
Algiers is a coastal capital of around four million inhabitants, located in north-central Algeria. Its urban structure, heritage, and social practices...
Palm Hills Developments signs agreement with Marriott International to introduce the St. Regis brand in West Cairo. Project to include a luxury...