Oil Slump, Slow Growth Greets African Development Bank Chief

The next president of the African Development Bank will take over an institution entering a much tougher economic environment than the one Donald Kaberuka inherited when he won the job a decade ago.

Kaberuka’s successor, who will be elected on May 28 during the AfDB’s annual meeting in Abidjan, Ivory Coast, faces a slowdown in some of Africa’s biggest economies after a plunge in oil prices and rising political risk.