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..

<p>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..</p>

In-depth financial issues, profiling of African businesses doing well internationally, stocks & market updates.

<p>In-depth financial issues, profiling of African businesses doing well internationally, stocks &amp; market updates.</p>