UPDATE 1-Nigeria agriculture minister wins African Development Bank presidency

28 May 2015


(Adds Nigeria finance minister quote, details)

ABIDJAN, May 28 (Reuters) - Nigeria's Agriculture Minister

Akinwumi Adesina won an election on Thursday to be the new

president of the African Development Bank (AfDB), the lender

said.

After six rounds of voting that saw seven rivals from across

the continent defeated, Adesina secured around 60 percent of the

vote in an election held in Ivory Coast, where the AfDB is

based.

Adesina will take over from outgoing bank president Donald

Kaberuka of Rwanda on Sept. 1 to become the 50-year-old body's

eighth leader.

"It went very well. We are really elated and grateful we

have delivered this for Nigeria. We had a great candidate and a

lot of support," Nigerian Finance Minister Ngozi Okonjo-Iweala

told Reuters after the result was announced.

The bank, which was founded in 1964 to provide capital to

foster economic development and alleviate poverty in its member

states, is financed by both Africa nations and shareholder

countries outside the continent.

Adesina will have to guide the Bank through the continent's

increasingly complex financial environment, where nations are

turning to non-traditional partners like China and international

debt markets.

(Reporting by Joe Bavier and Ange Aboa; Editing by David Lewis

and Andrew Heavens)

((joe.bavier@thomsonreuters.com; +225 07074101; Reuters

Messaging: joe.bavier.thomsonreuters.com@reuters.net))

Keywords: AFDB ELECTION/RESULT

Categories: Somalia, Ethiopia, Côte d’Ivoire, Uganda, Tunisia, Rwanda, Nigeria, Kenya