The African Development Bank (AfDB) will elect a new president at the end of the month as its current leader, Donald Kaberuka, steps down after a decade in charge.
Eight candidates are in the running to take over from Kaberuka, who is credited with steering the bank through the tumultuous 2008 financial crisis and ramping up infrastructure lending.
The bank is one of the continent’s biggest lending institutions, rivalling the World Bank in financing infrastructure projects to improve electricity, transport and water services. In 2013, the bank approved almost $3.16bn (£2bn) in loans and grants to infrastructure projects on the continent, according to its annual report.
Kaberuka, Rwanda’s former finance minister, was voted into office in 2005. Last month, he said the bank needs to do more to spread Africa’s economic growth and called on his successor to focus on reducing inequality across the continent.