Africa in BusinessAfrica in Business

 The African Development Bank is to elect a new president this Thursday 

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The African Development Bank will elect a new president this week when the continent's biggest multilateral lender faces unprecedented challenges from funding cuts by the United States government. Their first order in office for one of the five candidates is to persuade the U.S. to reinstate the funding, or seek additional funds from non-regional members of the bank, like China, or Gulf countries like Saudi Arabia or the United Arab Emirates. Earlier I spoke to SABC News reporter, Khayelihle Khumalo, who is currently in Abidjan, Ivory Coast..

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