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The African Development Bank has just elected its new President, Akenwumi Adesina, Minister of Agriculture and Rural Development for Nigeria. My guest this week Bobby Pittman watched the multi-stage election process unfold in Abidjan. Pittman, a former Vice President at the AfDB and, before that a senior adviser to President Bush on Africa, now runs Kupanda Capital, an investment firm focused on Africa. Bobby shares his thoughts on Adesina's winning qualities and what his focus should be for the bank.
CGD blog posts reflect the views of the authors, drawing on prior research and experience in their areas of expertise. CGD is a nonpartisan, independent organization and does not take institutional positions.
The African Development Bank recently turned 50. In that time it's made more than 4,000 grants and loans, totaling more than $71 billion. So what might its next half-century look like? Bank President Dr. Akinwumi Adesina joins me on this week's podcast to share his vision for Africa's future.
The African Development Bank is widely praised these days as one of the premier financial institutions in Africa. The past decade saw it place much greater emphasis on infrastructure financing, a change brought about in part by the instincts of its former president Donald Kaberuka. In this week's podcast, Kaberuka discusses how the AfDB’s success came about.