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The Digest:

Sidi Ould Tah has been sworn in as the 9th president of the African Development Bank (AfDB), succeeding Akinwumi Adesina. His inauguration marks a new chapter for the institution, with a renewed focus on addressing Africa's economic and social challenges through collaboration and reform.

Key Points:
  • Sidi Ould Tah has been sworn in as the 9th president of the African Development Bank.
  • He succeeds Akinwumi Adesina, whose 10-year tenure has ended.
  • Tah won the presidential election with 76.18 percent of the votes.
  • He has pledged to address challenges such as debt, climate change, and peace-building.
  • His 100-day plan includes fast-track reforms and deepening partnerships.
  • Tah intends to expand AfDB’s partnerships to include sovereign and pension funds.
In his inaugural speech, Tah committed to working with all stakeholders to build a prosperous Africa. His new leadership promises to bridge the gap between vision and execution by accelerating solutions for finance, job creation, and empowerment.

Sources: TheCable