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The World Bank is getting a new president, potentially it will be the United States nominated Ajay Banga who for his first global tour, chose to visit Africa first, what does that maiden tour mean for the continent? Photo/Bloomberg

Significance of World Bank President nominee Visit to Africa

Industry and Trade
  • US World Bank President nominee Ajay Banga chooses Africa for his first tour
  • AfDB president Dr. Akinwumi Adesina calls for a new measure of economic growth
  • AfDB launches Adesina Africa Industrialization Index (AII)

The World Bank is getting a new president and it will be likely US-nominee Ajay Banga who for his first global tour, chose to visit Africa. What does this maiden tour mean for the continent?

Back in February, US President Joe Biden announced Ajay Banga as the United States’ nominee for President of the World Bank Group. Should he be approved, Ajay Banga will be replacing the incumbent president, David Malpass, whose term ends in June.

Among his first moves on his way to the top office in the world’s largest financial institution, Banga, is making a strategic visit to Africa.

For the first stop of his World tour, Mr. Banga flew to Abidjan Côte d’Ivoire on …