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South Africa’s Tshabalala Announces Candidacy For African Development Bank Presidency

South Africa’s Tshabalala Announces Candidacy For African Development Bank Presidency
By: Michael Mike
Former senior vice president of the African Development Bank (AfDB), Bajabulile Swazi Tshabalala, has officially announced her candidacy for the presidency of the institution.
Tshabalala’s bid comes with the full support of the South African government, signalling confidence in her leadership potential and vision for the future of the continent.
Finance minister Enoch Godongwana said Tshabalala was an exceptional leader with a proven track record in finance, infrastructure, and economic development.
“Her extensive experience at the African Development Bank and beyond makes her the ideal candidate to lead the institution into a new era of financial resilience and impact-driven growth,” Godongwana said.
“South Africa fully supports her candidacy and believes that under her leadership, the AfDB will play an even greater role in accelerating Africa’s economic transformation and unlocking opportunities for all its people.”
Tshabalala will be bringing over three decades of experience in infrastructure finance, hybrid capital solutions, and economic development to the table. She has played a pivotal role in mobilising capital for Africa’s pressing development needs, leading the AfDB’s financial response during the COVID-19 pandemic and innovating funding mechanisms now adopted globally.
Her candidacy symbolises a commitment to a robust and agile AfDB that prioritises infrastructure development and economic opportunity for the continent.
Tshabalala, in a statement, said she had a bold vision to build a strong AfDB with “innovative financing” to infrastructure challenges in the continent.
She noted that: “Africa stands at a pivotal moment, and the African Development Bank must rise to meet the continent’s ambitions with bold, strategic action.”
She revealed that: “My vision is to build a financially strong, results-driven AfDB that prioritises infrastructure, expands innovative financing solutions, and strengthens partnerships to unlock Africa’s full economic potential. This is not just about investment—it’s about delivering real, lasting impact for African nations and their people.”
Tshabalala first joined the AfDB in 2018, rapidly ascending to the role of senior vice president in 2021, which she held until her resignation in January 2024. Before this, she held significant leadership roles at Old Mutual Employee Benefits, Standard Bank Group, and Transnet, gaining invaluable experience in managing large-scale infrastructure projects.
Her tenure as CEO of the Industrial Development Group from 2006 to 2014 demonstrated her ability to drive investment across key sectors in Africa.
According to her, this candidacy transcends the quest for leadership; it embodies a promise to realise the AfDB’s mission of transforming lives across the continent.
Infrastructure development is set to be a cornerstone of her presidency.
Tshabalala emphasised that reliable infrastructure—roads, ports, railways, energy systems, and digital networks—is fundamental for sustainable economic growth. Drawing from her experience at Transnet, where she facilitated the expansion of critical logistics hubs, she understands that well-executed infrastructure initiatives can significantly boost long-term economic activity.
Her introduction of hybrid capital financing at the AfDB stands as a testament to her innovative approach. This financing mechanism enables multilateral development banks to attract private sector investments while maintaining financial stability, a method that has now found resonance with other global financial institutions. Her strategic vision includes expanding the use of such hybrid instruments to deepen the AfDB’s funding base, positioning it as a robust financier for transformative projects.
Beyond her core focus on infrastructure, Tshabalala advocates for gender equality and youth empowerment within the AfDB’s operational strategy. As a leading African woman, she is determined to ensure that policies and funding support opportunities for women entrepreneurs, young professionals, and small businesses, ensuring inclusive and sustainable growth across the continent.
The election for the next President of the African Development Bank is scheduled for 29 May 2025 during the Annual Meeting of the Board of Governors in Abidjan, and Tshabalala is expected to active engage with stakeholders throughout Africa and beyond, sharing her vision for a financially resilient and impact-driven AfDB—a critical engine for sustainable growth.
South Africa’s Tshabalala Announces Candidacy For African Development Bank Presidency
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Zulum pours encomium on his Mentor at 59

Zulum pours encomium on his Mentor at 59
By: Bodunrin Kayode
Borno State Governor Professor Babagana Zulum has congratulated the Vice President Kashim Shettima on his attainment of 59.
In a nicely worded eulogy written by himself, the Governor described Shettima as his mentor who has given him the guidance as he continues to make life comfortable for his people in Borno state.
He commended him for his rare gift of mentorship which he maintains is the hallmark of a forthright leader who means well not only for his people in the north east but the entire Nigeria.
The Governor went on: “On behalf of myself, the Government, and the people of Borno State, I extend heartfelt birthday felicitations to His Excellency Vice President Kashim Shettima as he celebrates his 59th birthday.
“Mr Vice President, sir, your mentorship has shaped countless leaders across Borno, the Northeast, and beyond. Your leadership traits, vision, integrity, and commitment to service have guided us through challenges and inspired our generation to strive for excellence.
“Your humility remains a hallmark of truly great stewardship, reminding us that true leadership serves the people with grace and patience. Your intellectual prowess has consistently informed sound policy, strategic decisions, and thoughtful dialogue that elevates our national discourse.
“Your Excellency, I, the people of Borno, and indeed Nigeria, are immensely proud of the trajectory of your public service. From your formative years in public life as a Commissioner, to your tenure as Governor and later doubling as Chairman of the Northern Governors Forum, to your time as a Senator, and now in your capacity as Vice President, you have demonstrated a steadfast dedication to the advancement and unity of our country.
“May this birthday be a reflection of the lives you have touched and the enduring impact you continue to have. Wishing you sound health, continued wisdom, and many more years of service and national progress. Once again, Happy Birthday! Your Excellency!”
Zulum pours encomium on his Mentor at 59
News
Air power delivers decisive blow against terrorists in Sambisa, nutrialised 15

Air power delivers decisive blow against terrorists in Sambisa, nutrialised 15
By: Zagazola Makama
The air component of Operation Hadin Kai has neutralised more than 15 terrorists and destroyed their structures in a precision air interdiction mission at Zuwa, a new hideout in the Sambisa general area of Borno State.
Zagazola Makama gathered that the operation, carried out on Sept. 3 at about 11:50 a.m., followed credible intelligence which tracked terrorists fleeing after sustained ground operations in the Bitta axis in July.
According to competent sources, ISR missions conducted by Grey Raptor platforms established the withdrawal route of the terrorists along a river line extending from Bitta towards Zuwa.
The sources said “Overhead the West of Zuwa, our crew observed active terrorist structures with several fighters wearing ISWAP uniforms. It was evident the location had become a major concentration point.
“Consequently, the air component executed multiple attack passes with precision-guided stores against the identified structures, which were occupied by a large concentration of terrorists,” the sources said.
The sources explained that the strikes achieved their desired effect, as over 15 terrorists were neutralised and the structures destroyed completely.
The sources added that the operation was a direct follow-on to the July 28 encounter with ground troops in Bitta, where several terrorists were dislodged.
The sources reiterated the commitment of the troops of Operation HADIN KAI and its Air Component to sustain close air support, reconnaissance, and precision strike operations in synergy with surface forces until terrorism is completely defeated in the North East.
Recalled that Nigerian military, through Operation Hadin Kai, has intensified its coordinated operations across the North East, targeting remnants of Boko Haram and ISWAP insurgents still hiding in the Sambisa and Mandara mountains.
Air power delivers decisive blow against terrorists in Sambisa, nutrialised 15
News
Zulum leads N/East govs to Tinubu, requests completion of 17 roads, oil exploration

Zulum leads N/East govs to Tinubu, requests completion of 17 roads, oil exploration
By: Our Reporter
Borno State Governor, Babagana Umara Zulum, led a delegation of North East governors to meet with President Bola Ahmed Tinubu on Wednesday.
The meeting, held at the Presidential Villa in Abuja, focused on critical issues affecting the North East, including urgent completion of 17 vital road projects and the resumption of oil exploration in the frontier wells, particularly the Kolmani and Lake Chad wells.
Other governors in attendance included Muhammadu Inuwa Yahaya of Gombe, Bala Muhammad of Bauchi, Mai Mala Buni of Yobe, Ahmadu Umaru Fintiri of Adamawa and Agbu Keffas of Taraba.

Delivering his address during the meeting, Zulum, who is also the chairman of the North East Governors Forum, urged the president to complete the ongoing road projects and build critical roads connecting the six states of the zone.
The roads are Kano-Maiduguri Road, Port Harcourt-Jos-Bauchi-Maiduguri Railway line, Bama-Mubi-Yola Road, Wukari-Jalingo-Yola Road, Duguri-Mansur Road (NNPC Project Ongoing), Bauchi-Gombe-Biu-Damaturu Road, Damaturu-Geidam Road, Bauchi-Ningi-Nasaru-Babaldo Road and Gombe-Potiskum, Damaturu-Biu Roads.
Others include Alkaleri-Futuk Road, Maiduguri-Damboa-Yola Road, Gombe-Dukku-Darazo Road, Biu-Gombe Road, Ibi-Shamdam Road, Maiduguri-Monguno-Baga Road and Maiduguri-Ngala-Bama-Banki Roads
Governor Zulum commended the president for the commitment to restoring peace within the northeast, stating, “We thank you for fostering peace and stability within the sub-region and continuing with the initiative of your predecessor in sustaining the fight against insurgency.
He assured the president of their commitment to his administration’s initiative on training of manpower and providing technology with a view to reversing the insecurity facing the North East.
“We are fully aligning with Mr. President’s good initiative of training of manpower and providing technology with a view to reversing the ugly trend in the forest, thereby reducing the insurgency and promoting agricultural development in alignment with the renewed hope agenda on food security,” Zulum said.
He added, “Mr President, the North East governors hold you in high esteem and all of us have resolved to partner with you in your determination to provide good governance for Nigeria with a view to leaving behind lasting legacies and landmarks for the country.”
Responding, President Tinubu acknowledged the governors’ concerns and assured them of his administration’s commitment to addressing the developmental needs of the northeast.
Zulum leads N/East govs to Tinubu, requests completion of 17 roads, oil exploration
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