African News
The Common Market for Eastern and Southern Africa (COMESA) Heads of State and Government have endorsed Dr. Samuel Munzele Maimbo, a Zambian National, as the candidate for the position of President of the African Development Bank (AfDB) and urged Member States to support his candidature.
The endorsement was made during the 23rd Summit of COMESA Heads of State and Government held in Bujumbura, Burundi on 31st October, 2024. This is Dr. Maimbo’s second endorsement following that of SADC Member States during the 44th Ordinary SADC Summit of Heads of State and Government held in Harare, Zimbabwe on 17th August 2024.
Dr. Maimbo currently serves as Vice President for Budget, Performance Review and Strategic Planning at the World Bank in Washington D.C, where he has overseen transformation of the World Bank’s business, planning, and budgeting process. He also previously served as the Chief of Staff to World Bank Presidents David Malpass and Ajay Banga, as well as Senior Advisor to two World Bank Group Chief Financial Officers. Dr. Maimbo has acquired over 30 years of experience in international finance and development, equipping him with the necessary skills and tools to lead the AfDB at this pivotal moment.
The AfDB Presidential elections are scheduled to be held in May 2025.
ISSUED BY:
THE MINISTRY OF FOREIGN AFFAIRS AND INTERNATIONAL COOPERATION
