A financial strategist and former Senior Vice President of the African Development Bank, Swazi Tshabalala, has officially declared her candidacy for the presidency of the institution.
This was contained in a statement issued by BTS For Africa on behalf of Tshabalala, on Wednesday.
Tshabalala, who has garnered full support from the South African government, is seeking to lead the AfDB into a new era of financial resilience and transformative growth.
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According to the statement, South Africa’s Minister of Finance, Enoch Godongwana, hailed Tshabalala’s exceptional leadership qualities and experience in infrastructure, finance, and economic development.
“Swazi Tshabalala is an exceptional leader with a proven track record in finance, infrastructure, and economic development. Her extensive experience at the African Development Bank and beyond makes her the ideal candidate to lead the institution into a new era of financial resilience and impact-driven growth.
“South Africa fully supports her candidacy and believes that under her leadership, the AfDB will play an even greater role in accelerating Africa’s economic transformation and unlocking opportunities for all its people,” Godongwana stated.Related News
In her vision for the AfDB, Tshabalala aims to create a financially robust, results-driven institution focused on Africa’s transformative growth.
She emphasised the need for strategic investments in infrastructure, private sector engagement, and financial sustainability to unlock economic opportunities for all Africans.
“Africa stands at a pivotal moment, and the African Development Bank must rise to meet the continent’s ambitions with bold, strategic action,” Tshabalala said in a statement.
“My vision is to build a financially strong, results-driven AfDB that prioritises infrastructure, expands innovative financing solutions, and strengthens partnerships to unlock Africa’s full economic potential. This is not just about investment—it’s about delivering real, lasting impact for African nations and their people.”
The election for the next President of the African Development Bank is set to take place on May 29, 2025, during the Bank’s Annual Meeting of the Board of Governors in Abidjan, Côte d’Ivoire.
