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As the African continent anticipates the election of the next President of the African Development Bank (AfDB) on Thursday, Zambia has secured a strategic position on the Bank’s Group Board of Directors.
Shebo Nalishebo has been elected as Executive Director, representing the interests of Botswana, Malawi, Mauritius, and Zambia.
The announcement came following another round of elections for Board positions held on Wednesday in Abidjan, Côte d’Ivoire — a day ahead of the presidential vote.
Nalishebo succeeds Gerard Pascal Bussier of Mauritius, whose term has elapsed.
In a congratulatory message, Finance and National Planning Minister Situmbeko Musokotwane urged Nalishebo to champion private sector investment, sustainable infrastructure, regional integration, and macroeconomic stability across the constituency.
Read more: Maimbo, others to know fate this week, as AfDB elects new president in Côte d’Ivoire, Abidjan
“We expect you to diligently serve the needs of all member states in a professional manner and to meet the performance expectations of the Bank,” stated Musokotwane.
“We will continue to support you so that by the end of your tenure, you leave a lasting, progressive legacy in all member countries within your constituency,” he added.
A seasoned statistician, Nalishebo brings over 24 years of experience in public finance, economic policy, and statistics.
Prior to his election, he served as Alternate Executive Director at the AfDB on a non-resident basis since 2022, and as a board member of the Bank of Zambia from 2021.
Earlier in his career, Nalishebo worked at the Zambia Statistics Agency (ZamStats), where he was instrumental in GDP estimation and coordinating the country’s first-ever economic census.
At the Zambia Institute for Policy Analysis and Research (ZIPAR), he advised on tax policy, fiscal governance, and debt management.
His expertise has also benefited several Zambian government ministries — including Finance and National Planning, Education, and Health — as well as international partners such as the World Bank, UNCTAD, UNICEF, UNECA, and GIZ.
His work has supported key reforms in public expenditure management, tax policy, social protection financing, national health insurance, and statistical capacity development.
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