The African Development Bank Group is preparing to elect a new president as its 2025 Annual Meetings continue in Abidjan, Côte d’Ivoire.
The event, which brings together finance ministers, policymakers, and stakeholders from across the continent, will conclude this week with the appointment of a new head for the institution.
The transition comes as Dr. Akinwumi Adesina, who has led the Bank for two consecutive five-year terms, prepares to step down. His time in office was marked by large-scale investments in infrastructure, agriculture, energy, and regional integration. Now, attention turns to the individual who will take over the role and steer the Bank through the next phase of Africa’s development.
The election is expected to take place during the final sessions of the meetings, with member countries casting votes. Candidates are usually nominated by their respective governments, and the voting process follows strict procedures under the Bank’s governing rules.
This change in leadership arrives at a time when Africa is facing new challenges—ranging from debt pressures to climate shocks and the need for faster industrial growth. Whoever is chosen will have to balance financial innovation with practical support for the continent’s development goals.
The African Development Bank plays a central role in financing projects that aim to reduce poverty and drive economic progress. Its decisions affect everything from roads and water systems to education and trade across Africa.
As the meetings wrap up, many are watching closely to see who will be trusted to guide the Bank’s next steps and help shape the future of Africa’s development efforts.