Magazine article New African

ADB: The Battle for President

Magazine article New African

ADB: The Battle for President

Article excerpt

The African Development Bank (ADB) will have to wait till 21 July to know who will be its next president to replace Omar Kabbaj whose term ends at the end of August. After two hectic days of voting at its 40th annual general meeting held in the Nigeria capital, Abuja, (18-19 May), no clear winner emerged.

It was decided to hold an extra-ordinary meeting of the Bank's board of governors at its temporary headquarters in the Tunisian capital, Tunis, on 21-22 July to elect a president from the two leading candidates--Bisi Ogunjobi of Nigeria and Donald Kaberuka of Rwanda.

There were six candidates who put their hats in the ring--the other four were Kingsley Amoako (Ghana), Simba Makoni (Zimbabwe), Casmir OyeMba (Gabon) and Theodore Nkodo (Cameroon). The seventh candidate, Ismail Hassan of Egypt withdrew before the voting began.

To win the presidency, a candidate must win 50% of the total votes in addition to 50.01% of the regional votes. Fifty-one African countries hold 60% of the Bank's share capital as against 40% held by 23 non-African countries, led by the USA.

The non-African block favoured the Rwandan, Kaberuka, while the majority of African countries wanted the Nigerian, Ogunjobi. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.