Ultimately, the AfDB must rise above performative multilateralism and rediscover its purpose: To serve as Africa’s lead development financier, not its lagging convenor. This is not the time for experimentation, regional grandstanding, or untested aspirations. This is the time for scale, system-strengthening, and delivery. And, Sidi Ould Tah appears as the best candidate to offer this: a presidency rooted in what works, informed by what’s possible, and committed to what Africa needs next.
When the history of this moment is written, it will not be remembered for its rivalries, nor for the theatre of diplomatic alignments. It will be remembered for whether Africa chose substance over symbolism — delivery over declarations. The African Development Bank, at sixty, stands at the gates of reinvention. The world is more fragmented. Aid is thinning. Interest rates are high. Africa’s youth are restless. And yet, opportunity glimmers — if we have the courage to match ambition with credibility. In this decisive hour, Dr Sidi Ould Tah emerges not as the loudest candidate, but as the most capable.
The numbers speak starkly. In 2023, the AfDB disbursed just $6.1 billion — less than half of what the Inter-American Development Bank managed in Latin America, a region with fewer than 700 million people. Even with a 2019 capital increase that brought AfDB’s authorised capital to $208 billion, lending remains constrained by under-leveraging and uneven co-financing. The World Bank continues to eclipse AfDB in project volume and influence — an anomaly unique to Africa. As global capital tightens and grant flows recede — Africa faces a strategic dilemma: Will its primary development bank rise to the occasion or remain structurally constrained by inertia?
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Mr Sidi Ould Tah is the only candidate in this race who has already answered that question with action. Under his leadership, the Arab Bank for Economic Development in Africa (BADEA) grew from a quiet financial outpost to a transformative continental partner. From 2015 to 2023, BADEA more than tripled its annual approvals — surpassing $1.5 billion and expanding disbursements across 54 African Union member states. Its portfolio shifted from scattered bilateral projects to strategic interventions in infrastructure, trade finance, digitalisation, and industrial value chains. The bank’s credit ratings were upgraded by both Moody’s and S&P. More importantly, its relevance was restored.
In 2024 alone, BADEA approved new multi-country financing instruments — including a regional resilience package for climate-threatened Sahelian economies and a $100 million blended finance facility for women-led agribusinesses. It backed power grid upgrades in Malawi, supported a digital payments expansion in Togo, and co-financed green industrial parks in Kenya and Côte d’Ivoire. These were not abstract programmes. They were project-level results. And they were driven not by slogans — but by Tah’s disciplined execution.
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Across sectors and geographies, BADEA’s new posture reflected what African institutions are capable of when led with clarity. In Burkina Faso and Guinea-Bissau, it supported economic recovery through concessional financing tailored to fragility. In Nigeria, Ethiopia, and Ghana, it de-risked SME financing through digital platforms and credit guarantees. Its pioneering Global Coalition for African SMEs did more than raise capital — it convened technical assistance, e-learning tools, export-readiness audits, and Islamic finance mechanisms that reached underserved entrepreneurs across urban and rural areas alike.
This is not a résumé. It is a record. One earned in the trenches of real development finance.
As Africa faces an expected 30 per cent drop in external grant funding over the next two years — driven by global fiscal tightening and shifting Western priorities — the AfDB must reimagine itself not as a buffer, but as a builder. Mr Tah’s approach is not theoretical. He has mobilised Gulf sovereign wealth funds, secured long-term capital from the Islamic Development Bank ecosystem, and developed new diaspora investment instruments in pilot with financial institutions in France and Senegal. He proposes to scale the Africa Investment Forum beyond episodic deal showcases — to a permanent syndication platform backed by the Bank’s balance sheet and risk guarantees.
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Unlike others, he doesn’t merely speak of intra-African trade. He has financed it. Through trade facilitation programs, textile value chain financing, and green logistics corridors, BADEA under his tenure directly supported the operationalisation of the African Continental Free Trade Area (AfCFTA). His proposed Export Transition Facility for the AfDB is not a whiteboard sketch. It is an evolution of mechanisms he already designed — helping African exporters navigate shifting tariff regimes, develop standards compliance capacity, and mitigate the impact of global protectionism.
But beyond résumé and results, Tah’s candidacy also reflects the evolving architecture of African leadership itself — one that is increasingly shaped by intersectionality, cross-regional fluency, and coalition-building. As a Mauritanian, he occupies a unique place at the confluence of Africa’s Arab, Sahelian, and Sub-Saharan identities. His leadership of BADEA — an institution mandated to serve all 54 African Union countries — has been marked by reach, inclusion, and quiet diplomacy across linguistic, regional, and ideological divides.
In a continent often boxed into artificial blocs, Mr Tah’s career offers something rare: a demonstration that African leadership can be both continental and consensus-based. His trust capital extends from Dakar to Dar es Salaam, from Rabat to Kigali, from Lagos to Lusaka — not because he claims to speak for everyone, but because he has listened, built, and delivered everywhere. That breadth of institutional respect is not manufactured. It is earned.
That distinction matters — especially now.
The next AfDB president will inherit not just a mandate, but a moment. A moment that demands more than ambition. It demands design. It demands someone who can navigate capital markets, understand institutional risk, earn the confidence of both shareholders and citizens, and deliver transformative impact at scale. Mr Tah is that leader. He understands that restoring the AfDB’s triple-A rating requires not just sovereign reassurance—but financial creativity, co-guarantees, and an expanded toolkit for credit enhancement. He supports a new Project Preparation Facility to accelerate bankable infrastructure pipelines and a school-to-jobs framework that ties AfDB education investments directly to employability outcomes.
Others may campaign on reform. Tah has implemented it.
Others may rely on high-profile endorsements. Mr Tah has built continental consensus.
Others may focus on résumés. Mr Tah has built institutions.
In a race flooded with promises, his is the only platform grounded in measurable progress.
Ultimately, the AfDB must rise above performative multilateralism and rediscover its purpose: To serve as Africa’s lead development financier, not its lagging convenor. This is not the time for experimentation, regional grandstanding, or untested aspirations. This is the time for scale, system-strengthening, and delivery. And, Sidi Ould Tah appears as the best candidate to offer this: a presidency rooted in what works, informed by what’s possible, and committed to what Africa needs next.
Africa waits — not in anxiety, but in disciplined hope — for the right builder at the AfDB.
Ololade Bamidele is the secretary of the Editorial Board of Premium Times.
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