OREANDA-NEWS. May 29, 2015. Akinwumi Adesina was elected as the 8th President of the African Development Bank. 

A Nigerian citizen, Adesina is currently serving as Nigeria’s Minister of Agriculture and Rural Development.

He succeeds Donald Kaberuka, whose second term as President of the Bank ends in August. 

His name was announced by Albert Toikeusse Mabri, Minister of Planning and Development for C?te d’Ivoire, and current Chairman of the Board of Governors of the African Development Bank.

The election was conducted by the Board within the Annual Meetings of the African Development Bank Group, held in Abidjan.

Adesina, 55, will assume office on 1 September 2015.