Sidi Ould Tah has been elected as the new president of the African Development Bank, winning 76% of the votes in a closely contested election. He succeeds Akinwunmi Adesina and aims to strengthen partnerships with Gulf countries for infrastructure growth in Africa. The bank, crucial for funding development projects across the continent, faces challenges in securing resources, especially with potential funding cuts from the US government. Tah’s leadership comes at a critical time as the institution seeks innovative funding solutions amidst changing global dynamics.
'Tah secured 76% of the total vote, defeating his closest rival, Samuel Maimbo, who received 20%. This marks the beginning of a new era for the AfDB.'
'The African Development Bank's president-elect is Sidi Ould Tah, who has plans to enhance collaborations with Gulf states for infrastructure development across Africa.'
#african-development-bank #sidi-ould-tah #infrastructure-development #international-funding #economic-growth
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