African Development Bank picks Nigeria's Adesina as its new President

Akinwumi Adesina, President-Elect of the African Development Bank and Nigeria’s outgoing Minister of Agriculture

Akinwumi Adesina, Nigeria’s minister of agriculture and rural planning will succeed Rwanda’s Donald Kaberuka as the next president of the African Development Bank (AfDB).

In a tweet, he expressed gratitude for becoming only the 8th person to occupy the role.

Dr. Adesina won over 60% of the vote, overcoming challenges from the former Chad minister of finance Kordjé Bedoumra and Cristina Duarte of Cape Verde, also a finance minister.

Nigeria, Africa’s largest economy, now has one of her own leading the continent’s most influential financial institution. The board of the AfDB has been reluctant in the past to elect as its leader representatives from the region’s bigger economies, choosing presidents from some of the smaller countries.

Read more: African Development Bank picks Nigeria’s Adesina as its new president – Quartz