Economy

SADC, COMESA regional leaders reaffirm support for Maimbo’s candidacy ahead of AfDB presidential elections

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The Southern African Development Community (SADC) and the Common Market for Eastern and Southern Africa (COMESA) have officially endorsed Zambia’s Samuel Munzele Maimbo for the presidency of the African Development Bank (AfDB).

Maimbo’s candidacy was formally introduced on Saturday in Addis Ababa during a press briefing co-hosted by Zambia, Zimbabwean President and SADC Chairperson, Emmerson Mnangagwa, and Burundian President and COMESA Chairperson, Évariste Ndayishimiye.

President Hakainde Hichilema, in a statement on his official Facebook page, expressed gratitude to Mnangagwa and Ndayishimiye for their support, emphasizing that Maimbo’s endorsement reflected a shared vision for strong leadership at Africa’s premier financial institution.

Read more: Maimbo speaks exclusively to Zambia Monitor, expresses confidence in bid for AfDB presidency (video)

Hichilema highlighted Maimbo’s nearly 30 years of experience in development finance and resource mobilization, noting his recent role as Vice President for Budget, Performance Review, and Strategic Planning at the World Bank, where he managed the institution’s expansive budget portfolio.

He added that Maimbo’s tenure as Chief of Staff to successive World Bank presidents had equipped him with the strategic leadership needed to drive AfDB’s sustainable development and financial innovation agenda.

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