Mauritanian Sidi Ould Tah has officially taken office as President of the African Development Bank (AfDB), following his May 29, 2025 election by the Board of Governors. A former minister and ex-Director General of the Arab Bank for Economic Development in Africa (BADEA), he succeeds Akinwumi Adesina for a five-year term. He faces pressing challenges, including a USD 400 bn annual financing gap, a USD 555 m U.S. aid cut, and the need to establish an African Financial Stability Mechanism.
