Akinwumi Adesina was elected as the 8^th President of the African Development Bank on Thursday, May 28. 

A Nigerian citizen, Adesina is currently serving as Nigeria’s Minister of Agriculture and Rural Development.

He succeeds Donald Kaberuka, whose second term as President of the Bank ends in August. 

His name was announced by Albert Toikeusse Mabri, Minister of Planning and Development for Côte d’Ivoire, and current Chairman of the Board of Governors of the African Development Bank.

The election was conducted by the Board within the Annual Meetings of the African Development Bank Group, held in Abidjan.

Adesina, 55, will assume office on 1 September 2015.