AfDB meeting to elect new president

African Development Bank Group Annual Meeting 2025 is set to focus on harnessing Africa’s capital for continent’s development and look into how the continent can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariff. Prof. Vincent Nmehielle, Secretary General of the African Development Bank […]

African Development Bank Group Annual Meeting 2025 is set to focus on harnessing Africa’s capital for continent’s development and look into how the continent can better harness its wealth of capital and address current issues such as heavy debt burdens, climate change and rising tariff.

Prof. Vincent Nmehielle, Secretary General of the African Development Bank Group and Prof. Kevin Urama, Chief Economist and Vice President for Economic Governance stated this while addressing journalists, a statement by the bank has said.

Nmehielle, speaking in his capacity as Secretary to the respective Boards of Governors of the Bank and the African Development Fund as well as the Boards of Directors, said the meetings would take place from the 26th to the 30th of May 2025, at the Sofitel Abidjan Hotel Ivoire in Abidjan, Côte d’Ivoire.

The secretary general also noted that a key session would be the election of the next president of the bank, following the end of the 10-year term of current president, Dr. Akinwumi Adesina.

Speaking on the theme of this year’s annual meetings: “Making the Most of Africa’s Capital to Foster Its Development,” Urama said, “The focus is clear, harnessing better what Africa has already to drive development in Africa, through its rich fiscal, human capital, natural and business capital.

“Discussion with heads of state, ministers, civil society, experts and the bank’s development partners during the four major knowledge events, as well as a presidential dialogue, would ensure a thorough dissection of the theme of this year’s meetings and concrete proposals to address the how of what needs to be done, Urama said.

 

 

 

“The African Development Bank’s 2025 African Economic Outlook report to be released during the annual meetings would address the changing global economic landscape, debt burdens and resource mobilisation to assist African countries to build effective institutions,” he explained.