Nigeria’s outgoing agriculture minister Akinwumi Adesina on Thursday won the vote to become the new president of the African Development Bank, official results showed.

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Adesina, 55, will succeed Rwandan Donald Kaberuka, bank chief for two consecutive terms since 2005, at a time of economic transformation in the continent.

He was elected after six rounds of voting, beating the finance ministers of Cape Verde and Chad to the role.

A total of 80 AfDB shareholders — 54 African states and 26 non-African countries — took part in the vote in Abidjan, which saw eight candidates vying for the presidency.

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