Board of Governors


Eight Presidential hopefuls meet with AfDB Board of Governors

The eight candidates for the Presidency of the African Development Bank met individually with the Board of Governors on Wednesday, May 27, at the Bank’s 50th Annual Meetings in Abidjan, Côte d’Ivoire. Pictured, from left to right: Thomas Z. Sakala, Zimbabwe; Kordjé Bedoumra, Chad; Birama Boubacar Sidibé, Mali; Cristina Duarte, Cabo Verde; Akinwumi A. Adesina, Nigeria; Jaloul Ayed, Tunisia; Samura M. W. Kamara, Sierra Leone; and Sufian Ahmed, Ethiopia. The election will take place on Thursday.

AfDB releases official list of candidates for the election of the next Bank President

The Steering Committee of the Board of Governors of the African Development Bank met on 11 February, 2015 at the Bank’s headquarters in Abidjan and agreed to the following list of candidates for the election of the next President of the African Development Bank. The official list of candidates, in alphabetical order, released on February 20 is as follows: 1. Akinwumi A. ADESINA   Nigeria 2. Sufian AHMED     Ethiopia 3. Jaloul AYED   Tunisia 4. Kordjé BEDOUMRA  Chad 5. Cristina DUARTE   Cabo Verde...

Regional integration: the importance of the economy and political will

Has regional integration come off the rails? Why has Africa reached an impasse in this area despite concerted effort? What steps can be taken to accelerate the process? These were the central questions addressed on Thursday, May 22, during the Governors’ Dialogue at the AfDB's 2014 Annual Meetings in Kigali. The theme of this year's high-level session was on the theme of the meetings: "The next 50 years: the Africa we want". The session began with a presentation by Nkosana Moyo, CEO of the Mandela Institute for Development Studies in South Africa, and Acha Leke, Director at...

AfDB’s 2014 Annual Meetings End in Kigali

The 49th Annual Meetings of the African Development Bank (AfDB) and the 40th meetings of the African Development Fund (ADF) closed on Friday, May 23, 2014 in Kigali, Rwanda, after five days of exhaustive deliberations on key African and global development issues. The Governors approved major Bank initiatives and programmes, its 2013 Annual Report and audited accounts as well as future operations and programmes. The Governors, usually Finance Ministers and Central Bank Governors representing their countries, also adopted a number of resolutions. In...

AfDB at 50: Paving the way to Africa’s economic and social transformation

The African Development Bank (AfDB) launched its golden jubilee celebrations on April 22 in Tunis in a colourful ceremony mingled with sober reflections on the Bank’s development journey and how to tackle Africa’s future challenges. AfDB President Donald Kaberuka paid tribute to the Bank’s founding fathers and to the pioneers who worked so hard to kick-start the institution. He also reiterated the need for the Bank to continue to be dynamic and innovative in trying to tackle Africa’s development challenges. Echoing Kaberuka, the Chairman of the Bank’s Board of Governors and Rwanda’s...

AfDB Annual Meetings 2014: Governors to Explore Bank’s role in Africa’s Transformation Agenda

The role of the Africa Development Bank Group (AfDB) in the construction of a new Africa will be the focus of the “Governors Dialogue” and a core issue on the agenda of the 2014 Annual Meetings of the Bank Group which kicks off on Monday, May 19 in Kigali, Rwanda. Under the theme, “The next 50 Years: the Africa we want,” the Governors, usually Finance Ministers and Central Bank Governors from the Bank Group’s 78 member countries, will explore ways and means for realization Africa’s vision of “an integrated, people-centered, prosperous Africa, at peace with itself.” Against the...

AfDB Annual Meetings to Focus on Africa’s Future

Each year, the Boards of Governors of the African Development Bank Group (AfDB) hold their Annual Meetings to review the Bank Group’s operations in the previous year as well as examine and endorse its operations for the current year. The Governors and other invitees comprising development experts, academics, business people, civil society and the media also discuss a range of issues related to Africa’s future: the economic development of the Bank’s Regional Member Countries (RMCs). This year, the meetings will bring participants together in Kigali, to share perspectives on the...

AfDB SME Program: Enhancing Inclusive Growth and Job Creation in Africa

The Board of Governors of the African Development Bank Group (AfDB) through its private sector window has approved a US $9 million line of credit (LOC) equivalent in Mozambique metica (MZN) to Moza Banco. Moza Banco S.A. is one of Mozambique’s fastest-growing financial institutions with strong focus on SMEs. Moza Banco is actively present in almost all of Mozambique’s 11 provinces with business including (i) corporate, (ii) SMEs and (iii) retail. The LOC will support SME sub-projects and these are well-diversified spanning all economic sectors including...

Africa’s premier development bank reflects on how far it has come and looks ahead to the next 50 years

23/04/2014 - Launch of the AfDB 50th Anniversary Celebrations Written by Aristide Ahouassou and Mansour Ndir The African Development Bank’s (AfDB) golden jubilee was formally kicked off in Tunis on Tuesday, April 22. The occasion of the Bank’s 50th anniversary was acknowledged by invited speakers as a crucial moment for the institution to reflect on how far it has come since it was formed a half century ago, as it positions itself for the 50 years ahead. The ceremony, held in the Palais des congrès de Tunis, was attended by the Tunisian State Secretary for International...

AfDB Boards approve US $4.89 billion for 2014 Borrowing Program

The Boards of the African Development Bank (AfDB) on Wednesday, December 4 approved a cumulative US $4.89 billion (UA 3.188 billion) for the 2014 Borrowing Program of the AfDB Group, which includes US $199.58 million (UA 130 million) for possible draw down under the loan component of the Enhanced Private Sector Assistance (EPSA) Initiative for Africa. The borrowing program aims at raising cost-effective resources to finance Bank Group clients as well as meet its liquidity requirements. This is because unlike commercial banks which have the central bank as a lender of last resort, the AfDB...

Africa Hub of Sustainable Energy for All Initiative Launched at AfDB Meetings

The Sustainable Energy For All (SE4All) Africa Hub was launched Friday, May 31, during the African Development Bank’s (AfDB) 2013 Annual Meetings in Marrakesh, Morocco. The event (i) presented the SE4All Initiative to stakeholders; and (ii) discussed the mission and activities of the SE4All Africa Hub hosted by the African Development Bank, in partnership with the African Union Commission (AUC), the NEPAD Planning and Coordination Agency (NPCA) and with support from UNDP – pursuant to the mandate provided by the Conference of African Energy Ministers (CEMA). The mission of the SE4All Africa...

AfDB Governors Announce Bank’s Return to its Headquarters in Abidjan

The Boards of Governors of the African Development Bank (AfDB) and of the African Development Fund (ADF) announced the return of the AfDB to its headquarters in  Abidjan, Côte d’Ivoire, during the Bank’s Annual Meetings held in Marrakech (Morocco) from 27th to 31st May 2013. This decision follows the approval of the roadmap prepared by Bank’s management for the return of the institution to Côte d’Ivoire. The Board of Directors of the AfDB Group had instructed its management during the Annual Meetings held in Arusha, Tanzania, in 2012 to prepare a roadmap for a well-planned and...

AfDB President Commends Tunisian Hospitality

The President of the African Development Bank Group, Donald Kaberuka, Thursday, May 23, in Tunis, called on the Tunisian Prime Minister, Ali Laarayedh. President Kaberuka underscored the friendship between the AfDB and Tunisia and expressed gratitude to the Tunisian Government and people for their hospitality to the institution for the past 10 years. “We are home in Tunisia,” affirmed the AfDB President. Ali Laarayedh expressed thanks to the AfDB, “a pre-eminent institution for its constant support that has gone from strength to strength after the revolution, and that we hope will...

The Minister of Finance of Morocco Hails AfDB Support for Green Growth in his Country

During a working visit to the African Development Bank (AfDB) in Tunis on 3rd May 2013 , Nizar Baraka,  Moroccan Minister of  Finance, and Chairman of the AfDB Board of Governors,  welcomed the support of the Bank to his country’s quest  for  green growth. In his words, the AfDB is the country’s leading partner. «The Institution works hand in hand with us and is the driving force of our economy towards  green growth,» he said. Baraka urged the AfDB  to assert its role as leader in Africa’s development before making an assessment of  the state of...

AfDB Calls on Regional Member Countries and Donors to Support African Fertilizer Financing Mechanism

The African Development Bank Group invites Regional Member Countries and donors to support the Africa fertilizer financing mechanism (AFFM) financially to enable the mechanism to be legally operational as well as support its investment activities,” the Bank’s Sector Operations Vice-President Aly Abou-Sabaa told ministers and experts, on March 6,in Tunis at the 2nd Governing Council Meeting of the AFFM. The meeting was chaired by the African Union Commissioner for Rural Economy and Agriculture and Chairperson of the AFFM Governing Council, Rhoda Peace Tumusiime. Abou-Sabaa further stressed...

Address to the Board of Governors of PTA Bank by the AfDB President Donald Kaberuka

Event: Meeting of the Board of Governors of PTA Bank You have requested me to share with you this evening our assessment of the global economy and Africa’s Development. Let me step back to that fatal date September 15 2008, when Lehman Brothers filed for Chapter 11 bankruptcy Protection: the financial equivalent of “Pearl Harbor” which brought the global financial system to near-death. You will have heard this story of HM the Queen of England visiting the London School of Economics at the height of the Financial Crisis and pointedly asking the question: "But where were the economists...

AfDB Governors Consultative Committee Endorses Roadmap for Return to Headquarters in Côte d’Ivoire

The Governors Consultative Committee (GCC) of the African Development Bank (AfDB) Group today in Tokyo, Japan, endorsed the transmission of the road map for the Bank’s return to its headquarters in Abidjan, Côte d’Ivoire, to the Board of Governors for consideration during the AfDB’s Annual Meetings to be held in Marrakech, Morocco, in May 2013. The GCC meeting took place in Tokyo on the sidelines of the IMF and World Bank annual meetings. At the 2012 Annual Meetings in Arusha, Tanzania, the Board of Governors requested the Bank’s management to prepare “a roadmap for an orderly and...

AfDB board briefed on good progress for Annual Meetings in Arusha

Tanzania’s finance minister and chairman of the Board of Governors, Mustafa H. Mkulo, visited AfDB this week and briefed an informal Board meeting on the state of readiness for the Annual Meetings in Arusha in May. He later also had talks with AfDB president Donald Kaberuka on various issues, including the performance of the portfolio in Tanzania. Mkulo said: “I am satisfied with my meetings which were useful and successful.” On the theme of this year’s meetings, he said: “If we could succeed to agree on pushing the agenda on developing infrastructure, we shall have made a milestone...

Les gouverneurs de la BAD examinent la situation à Abidjan et Tunis


AfDB Governors Consider Situation in Abidjan, Tunis

Washington, 20 April, 2011—The Governors’ Consultative Committee of the African Development Bank met in Washington, DC this week to consider the implications of recent events in Abidjan and Tunis for the Bank’s operations. The African Development Bank has run its operations from its temporary location in the Tunisian capital since relocating there from its Abidjan headquarters in 2003 due to the Ivorian crisis. The Governors’ Consultative Committee commended the Bank’s management and staff for maintaining high standards of delivery under difficult and challenging circumstances in Côte d...