SA's Tshabalala loses AfDB presidency to Mauritanian
His win means the presidency of the bank will again stay between West and North Africa. Southern Africa had fielded two candidates, Tshabalala and Zambian economist Samuel Maimbo. This caused a rift within the regional body Sadc, which publicly endorsed the Zambian, but SA refused to back down.
Tah previously served as director-general for the Arab Bank for Economic Development in Africa. He also served as an expert at the Mauritanian Bank for Development and Commerce between 1984 and 1986, then as a financial analyst at the Food Security Commission in 1986.
He also worked as a financial analyst at the Khartoum-based Arab Authority for Agriculture, Investment and Development between 1996 and 1999. Thereafter, he served as investment promotion officer and then technical assistant to the president of the Islamic Development Bank.
He was the adviser to Mauritania's president and prime minister, respectively, in 2006 and 2008. In 2008, he was nominated and appointed as Mauritanian minister of economy and finance.
Tshabalala joined AfDB in 2018 after she was appointed as vice president of finance and CFO. She previously served as a finance manager at Standard Bank Group and as group treasurer at Transnet.
Finance minister Enoch Godongwana previously commended Tshabalala for her contribution and commitment to achieving the AfDB's vital goal of increasing investment in the continent.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Eyewitness News
3 hours ago
- Eyewitness News
Repatriation of former Zambian statesman Lungu's remains from SA halted
JOHANNESBURG - Former Zambian President Edgar Lungu's family has accused the country's current government of undermining the agreements reached surrounding his death. The former stateman's repatriation was halted on Wednesday due to the ongoing disputes between the Lungu family and the government of his political rival Hakainde Hichilema. Lungu died at a Pretoria hospital earlier this month at 68 after a long illness. Lungu's remains were set to be repatriated from the Lanseria International Airport to Lusaka, but that has since stalled due to a public spat playing out between the Zambian government and the Lungu family. The family believes it would be a dishonour if it followed government's lead, accusing Hakainde Hichilema's administration of mistreating Lungu by withdrawing his retirement benefits, including his security detail, a diplomatic passport, a furnished house and medical insurance. The family's spokesperson, Makebu Zulu, says the government had intended to roll out a programme that was not agreed upon. 'For this reason and many more, the family finds it very difficult to believe that the government will stick to their end of the agreement and have resolved, sadly so, that the mortal remains of President Edgar Chagwa Lungu will not return home today [Wednesday].' Zulu says while they hope to be able to repatriate Lungu's remains soon, they remain at loggerheads with the Zambian government.
Eyewitness News
3 hours ago
- Eyewitness News
Former Zambian president Lungu to be buried in SA after tensions between family & government
JOHANNESBURG - Former president of Zambia Edgar Lungu's funeral will be held in South Africa. His family revealed that he will be laid to rest in Johannesburg. It's the first time a former head of state of another country will be buried in South Africa. The repatriation process of Lungu's remains was halted earlier this week. His body was meant to be returned to Lusaka from Lanseria airport on Tuesday. His family said this was due to the continued disagreements with the Zambian government. READ: Repatriation of former Zambian statesman Lungu's remains from SA halted They've accused President Hakainde Hichilema's administration of undermining the agreements reached surrounding Lungu's death. He died in a Pretoria hospital earlier this month after suffering a long illness. Lungu's family has expressed their appreciation to the South African government for honouring their request to hold a private funeral in the country.
IOL News
2 days ago
- IOL News
KwaZulu-Natal DOT assembles legal team for Tokio Marine lawsuit over flood damages
The MEC for Transport and Human Settlements, Siboniso Duma, met with Andrew Kirby, the president and CEO of Toyota South Africa Motors. Image: Supplied The KwaZulu-Natal Department of Transport (DOT) is assembling a strong team of legal minds to guide them on a lawsuit instituted by insurance company Tokio Marine & Nichido Fire Insurance Co. The Japan-based insurance company has sued the eThekwini Municipality, Transnet SOC Limited, and the DOT in respect of the April 2022 floods, which affected Toyota South Africa Motors (Pty) Ltd (TSAM), based in Prospecton. In court papers, it is stated that the three organisations had failed in their duty to maintain infrastructure and should have known that neglecting such responsibilities could lead to flooding. During the April floods, the structural integrity of the Umlaas Canal and the diversion berm was compromised, leading to stormwater flowing into the Prospecton Industrial Area, where the Toyota plant is situated, causing extensive flooding and damage, as read in the court papers. It stated that Transnet owned the Umlaas Canal and was responsible for its management and maintenance, as well as the flood risk associated with it. The concrete-lined canal is intended to channel and divert the uMlazi River around the Prospecton Industrial Area. Together with the diversion berm, it forms an integral part of the flood control and prevention mechanism for the Prospecton Industrial Area, it further stated. It said the DOT was responsible for the management and maintenance of the diversion berm, while the municipality owned, managed, and was responsible for the maintenance and control of the stormwater management system for the Prospecton Industrial Area. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Tasneem Lorgat, the general manager, Marketing Communications for Toyota, stated that TSAM submitted its insurance claim to Tokio Marine in respect of the floods. Lorgat stated that the flood affected TSAM's manufacturing operations. She said the litigation proceedings are not being facilitated and/or funded by TSAM. Accordingly, TSAM will not benefit in any way from the subrogated recovery action against these entities. She said upon learning of the impending recovery litigation, TSAM undertook, with the consent of Tokio Marine, to engage with each of the defendants to advise them of the impending subrogated recovery action. The MEC for Transport and Human Settlements, Siboniso Duma, said that he had spoken with Andrew Kirby, the president and CEO of TSAM, on Friday. Duma stated that the department is consulting with lawyers and could not get into the legal technicalities and details of the processes that will unfold. 'Kirby has emphasised his commitment to work with us to build this province. We have agreed to sustain our relationship that has evolved over the years. We have agreed that nothing should come between us and this enduring relationship,' Duma said. eThekwini Municipality spokesperson, Gugu Sisilana, said the municipality was aware of the court action and had filed a notice to defend. An eThekwini Municipality finance committee report, in April 2025, stated that the municipality is actively working on improving critical infrastructure and water supply systems, particularly in the Toyota and South African Breweries (SAB) precincts, south of Durban, to mitigate future disruptions and demonstrate accountability In a municipal report, a suggestion was made to explore the possibility of relocating TSAM from its current location, which is situated in a flood-prone area in Prospecton, and that the current weather conditions pose significant risks to the company's operations. According to the report, relocating to another area within the eThekwini municipal region should be considered to mitigate potential long-term impacts, including huge job losses. Refilwe Ramatlhodi Ndhlovu, manager of corporate communications at TSAM, indicated that TSAM has no plans to relocate its manufacturing operations and remains invested in the community and investments made at the plant. Andre Beetge, DA Ward 97 councillor and Executive Committee member (Exco), stated that TSAM plays an important role within the southern economy. He said TSAM also creates job opportunities, and one must take into account the ancillaries that find themselves directly reliant on the existence and location of this 'anchor' manufacturer.
