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AfDB President Takes Oath of Office for Second Term

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AfDB President, Donald Kaberuka, was on Wednesday, September 1, 2010, in Tunis sworn in for a second five-year term (2010 -2015) as the institution’s president. He promised to serve the institution loyally and in line with the institution’s statutes as defined by its Charter. He said he would not spare any efforts when it comes to accomplishing the Bank’s mission of serving the continent.

Speaking during the event, Mr. Kaberuka stressed that “It is indeed a statutory moment to swear in a new president, but also a day of pride, a day of reflection, a day of humility, but above all a day of rededication.” “Pride for the contribution we as a Bank are making to better Africa’s condition, a day of reflection on where we have fallen short, humility in front of the challenges we face and, above all, a rededication to overcome obstacles to our noble goals,” he added.

Wednesday’s event brought together eminent personalities such as the Tunisian prime minister, Mohamed Ghannouchi; the AfDB governor for Portugal and current chair of the board of governors, Fernando Teixeira Dos Santos; the AfDB governor for Côte d’Ivoire, Paul Antoine Bohoun Bouabré; the AfDB governor for Tunisia, Mohamed  Nouri Jouini; and the governor for Rwanda, , John Rwangombwa.

Also present at the event was the ECA executive secretary, Abdoulie Janneh; the ACBF executive secretary, Frannie Léautier; and the representative of the African Union Commission chairperson, Maxwell Mkwezalamba; as well as members of the diplomatic corps, AfDB executive directors, Bank staff and the president’s special guests.  

Speaking at the event, the Tunisian prime minister commended the role the Bank was playing. “The AfDB is currently a major player in Africa’s development. It is a strong, healthy and credible institution with a global standing.”

Mr. Kaberuka was elected as the seventh AfDB president in 2005 for his first term. He has, in his first term, carried out reforms and reoriented the institution’s operations towards key sectors such as the private sector, regional integration, infrastructure development, governance and support to fragile and post-conflict African countries.

A trained economist, Mr. Kaberuka studied in Tanzania and the UK where he obtained a master degree and a Ph.D in economics from the University of Glasgow, Scotland. Prior to joining the AfDB, he worked in the banking and international trade sectors for close to ten years. He was later appointed as Rwanda’s finance minister in 1997.

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