Zambia’s Maimbo guns for AfDB presidency

Dr. Samuel Munzele Maimbo, a seasoned development finance expert, is vying for the presidency of the African Development Bank (AfDB), with a clear vision to accelerate Africa's economic transformation. In an exclusive interview with CNBC Africa's Tabitha Muthoni, Dr. Maimbo emphasized the urgency of achieving rapid growth to break the cycle of aid and debt that has hindered Africa's progress. Central to his approach is the need for improved infrastructure, trade facilitation, and energy access to drive economic development on the continent. Dr. Maimbo's key theme is implementation, focusing on delivering tangible results through decisive actions. Let's delve into his strategies to address critical issues and foster inclusive growth in Africa. Key Points: 1. Enhancing Financial Management and Debt Relief: Dr. Maimbo underscored the importance of modernizing debt management systems and differentiating between solvency and liquidity challenges. He advocated for the establishment of regional debt management forums, such as the Dakar Club and Nairobi Club, to address debt issues effectively. Furthermore, he stressed the significance of domestic revenue mobilization to reduce reliance on external financing and ensure sustainable economic growth. 2. Promoting Inclusivity and Empowering Marginalized Groups: Dr. Maimbo prioritized empowering youth, women, and underserved communities to drive inclusive economic growth in Africa. He highlighted the need for targeted programs and policies to support vulnerable populations, enhance agricultural practices, and promote infrastructure development. Additionally, he proposed the establishment of a youth council at the AfDB to amplify the voices of young Africans and ensure their active participation in decision-making processes. 3. Strengthening Partnerships for Impactful Development: Collaboration with the private sector, multilateral institutions, and regional stakeholders is crucial for maximizing the AfDB's impact in Africa. Dr. Maimbo emphasized the importance of leveraging private sector investments, developing sustainable financing mechanisms, and creating a vibrant economy to generate opportunities for the continent's growing population. By fostering diverse partnerships, the AfDB aims to address financing gaps in key sectors like agriculture and energy, driving long-term growth and prosperity. In conclusion, Dr. Samuel Munzele Maimbo's candidacy for the presidency of the African Development Bank heralds a new era of proactive and results-driven leadership. With a strong focus on operational efficiency, partnership building, and inclusive development, Dr. Maimbo envisions a continent where economic empowerment is accessible to all. As Africa charts its course towards sustainable growth, the AfDB under Dr. Maimbo's leadership promises to be a catalyst for transformative change and shared prosperity across the region.