Swazi Tshabalala guns for AfDB top job
South Africa's Swazi Tshabalala says the African Development Bank requires what she called bold reforms to enable it to become the instrument of change Africa's requires. She joins CNBC Africa for more.
Mon, 05 May 2025 11:07:55 GMT
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AI Generated Summary
- Swazi Tshabalala's 'Lift Africa' strategy focuses on large integrated infrastructure projects, financial innovation, and internal transformation at the AfDB to drive productivity on the continent.
- Financial innovation and increased private sector engagement are key pillars of Tshabalala's vision, aiming to leverage private sector resources for economic growth and development.
- Tshabalala advocates for gender equality and diversity in leadership, emphasizing the importance of women's participation in Africa's development agenda and sustainable growth.
Swazi Tshabalala, a candidate for the presidency of the African Development Bank (AfDB), is advocating for bold reforms to enable the institution to become a catalyst for change in Africa. In an interview with CNBC Africa, Tshabalala outlined her strategy for the AfDB, emphasizing the need for large integrated infrastructure projects, financial innovation, and a focus on transforming the bank's operations. Tshabalala's vision, encapsulated in her 'Lift Africa' strategy, aims to position the AfDB as a key player in Africa's development by leveraging private sector partnerships and driving productivity on the continent.
Tshabalala's message to shareholders centers on the importance of aligning the AfDB's efforts with Africa's development goals. She emphasizes the need to revisit the bank's foundational mission of building infrastructure on the continent, which she believes is essential for realizing Africa's potential in the 21st century. With a focus on large integrated infrastructure projects, financial innovation, and internal transformation, Tshabalala's vision for the AfDB is geared towards fostering sustainable development and economic growth in Africa.
One of the key pillars of Tshabalala's strategy is financial innovation and increased private sector engagement. She advocates for a shift towards a more collaborative approach with the private sector, not only as funders but also as technical partners in development projects. By leveraging private sector resources and expertise, Tshabalala aims to drive economic growth and create opportunities for businesses across Africa. This approach, she believes, will not only benefit the bank but also contribute to the overall growth of the private sector on the continent.
In addition to her focus on infrastructure and financial innovation, Tshabalala is also passionate about gender equality and diversity in leadership. As a female candidate for the AfDB presidency, she stresses the importance of women's participation in Africa's development agenda. Tshabalala believes that sustainable development in the continent cannot be achieved without a significant role for women in leadership positions. Drawing on her experience and expertise, she is advocating for a more inclusive and equitable approach to development that prioritizes the empowerment of women and youth in Africa.
Tshabalala's campaign for the AfDB presidency has garnered support from various stakeholders, both within South Africa and across the continent. With extensive engagement with regional and non-regional shareholders, Tshabalala's candidacy has been well-received, positioning her as a competitive candidate for the top position at the AfDB. Despite political considerations and regional dynamics, Tshabalala remains focused on her vision for transforming the AfDB into a driver of sustainable development and prosperity in Africa.
As the race for the AfDB presidency intensifies, Swazi Tshabalala's bold reforms and strategic vision set her apart as a candidate committed to positioning the institution at the forefront of Africa's development agenda. With a clear emphasis on infrastructure development, financial innovation, and gender equality, Tshabalala's leadership promises to usher in a new era of growth and progress for the African Development Bank and the continent as a whole.