Nigeria, May 30 -- The African Development Bank (AfDB) is entering the future with a new generation of leadership as it selects its incoming president, Dr Sidi Ould Tah.

The veteran Mauritanian-born economist will replace Nigeria's Dr Akinwumi Adesina when his second term expires later this year. The leadership handover is a key milestone for the pan-African development Bank as it seeks to pursue a new vision of continental reach.

Dr Tah's election was formally approved at the AfDB annual meetings in Abidjan, Cote d'Ivoire, where the Bank Board of Governors, finance ministers, and central bank governors of its 81 members elected him to office. As the Bank's ninth president, he will assume office on September 1, 2025.

At the end of a ca...