Dr. Akinwumi Adesina's Succession: New AfDB President Sidi Ould Tah Sets the Stage for Fresh Beginnings

Strategic Insights -

Dr. Akinwumi Adesina's departure as the president of the African Development Bank (AfDB) has marked a significant turn in the institution's history. Congratulatory messages from former President Muhammadu Buhari and President Bola Tinubu reflect the excitement and optimism surrounding the election of Dr. Sidi Ould Tah as the new AfDB president. With his comprehensive background in international finance, Dr. Tah is poised to bring a fresh perspective to the role, leveraging his experience in multilateral institutions and African development. As the institution embarks on a new chapter, the AfDB is set to continue its mission of driving inclusive growth and poverty reduction across the continent.

Key Takeaways:

  • Dr. Sidi Ould Tah, a Mauritanian national, has been elected as the new president of the African Development Bank (AfDB) to succeed Dr. Akinwumi Adesina, marking the end of a 10-year tenure.
  • Dr. Tah's election was a resounding victory, with 77% of total votes and 73% of regional votes, making him the regional and international choice for the top job.
  • The outgoing AfDB president, Dr. Adesina, has set an "unmatched record of excellence" during his tenure, leaving the institution's shareholders happier than ever.
  • President Bola Tinubu has congratulated Dr. Tah on his election, expressing confidence in his ability to bring wealth of experience to the role and reaffirming Nigeria's commitment to working closely with the incoming president.
  • Nigeria has approved a $500 million capital replenishment for the Nigeria Trust Fund (NTF) in May 2025, extending the fund's operations by another 15 years, reflecting its continued dedication to the African Development Bank's mission.

Statistics:

  • Dr. Adesina's tenure at the AfDB lasted 10 years, from 2015 to 2025.
  • Dr. Tah secured 77% of total votes and 73% of regional votes to become the new AfDB president.
  • The two earlier shortlisted candidates, Bajabulile Tshabalala and Abbas Tolli, lost out in the election to yield to the three finalists.
  • Nigeria has a 27% non-African stake in the AfDB and will work closely with the incoming president to advance shared priorities.

Sources:

  • "Buhari Congratulates New AfDB President, Dr Sidi Ould Tah," Nigeria Brief, August 20, 2025
  • "Tinubu Hails Sidi Tah's Election, Reaffirms Nigeria's Commitment," Nigeria Brief, August 20, 2025
  • "Dr. Sidi Ould Tah Elected New President of African Development Bank," AfDB Press Release, August 20, 2025