May 2015

  • Cape Verdean eyes AfDB top spot

    Cape Verdean eyes AfDB top spot

    28.05.2015

    The African continent has "economic and social indicators superior to that of India in terms of global economic performance", considered the head of the United Nations Economic Commission for Africa (UNECA), Carlos Lopes.

    Given this accelerated economic growth perspective, the African Development Bank (AfDB) will hold this Thursday, May 28, the election of the new chairperson of the largest financial institution in the continent, set to take place in Abidjan.

    Eight candidates compete to succeed Kaberuka, namely: Adesina Akinwimi, current Minister of Agriculture of Nigeria, Ahmed Sufian (Ethiopia), Ayed Jaloul (Tunisia), Bedoumra Kordjé (Chad), Cristina Duarte (Cape Verde), Kamara Samura Kamara (Sierra Leone), Thomas Sakala (Zimbabwe) and Sibide Boubocar Birama (Mali).

    The current Cape Verdean Minister of Finance and Planning, Cristina Duarte, who is by an unprecedented manner the first woman to compete for the highest rank of the AfDB, said that the institution can guarantee counselling to governments. "AfDB can provide a top-level advice to African governments," said the Portuguese-speaking official.

    With some days left before the election, the governments of the candidate countries are redoubling efforts by contacts and spread their influence in Abidjan.

    Cristina Duarte faces a big and strong pressure from the current Minister of Agriculture of Nigeria, Adesina Akinwimi, because he is regarded by analysts as the favorite because he knows the corridors of African decision-makers.

    Another important factor in the fierce competition is his eloquence and straightforwardness, touted as having victoriously led the Nigerian agricultural sector.

    However, the big surprise (Cape Verdean Cristina Duarte), according to nearby sources, the Minister of Finance and Planning has gathered good support and is considered as a strong competitor.

    AfDB elections’ experts say that Duarte will face Birama Boubacar Sidibé (Vice-President of Mali), Jalloul Ayed (Tunisia, chairperson of the MED Confederation), Bedoumra Kordje (Minister of Finance of Chad), the four candidates considered as having the greatest potential to succeed Kaberuka, as frequently quoted by the international economic press.

    More than two thousand entities, including Heads of State, central bank governors, economic agents and experts of the economic sector will attend the ceremony at the capital of Côte d’Ivoire, Abidjan.

    To recall that the aforesaid financial institution currently has 78 member states of the organisation, being 53 African and the remaining 25 European, American and Asian member states.


Cape Verdean eyes AfDB top spot

28.05.2015

Cape Verdean eyes AfDB top spot

The African continent has "economic and social indicators superior to that of India in terms of global economic performa...

Angola 2nd major Foreign direct investment recipient in Africa in 2014

28.05.2015

Angola 2nd major Foreign direct investment recipient in Africa in 2014

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Economic indicators point to Africa’s superiority over India

28.05.2015

Economic indicators point to Africa’s superiority over India

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