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The Southern African Development Community (SADC) has officially endorsed Zambia’s Samuel Maimbo as its candidate for the African Development Bank (AfDB) Presidency.
The decision was finalised during the 44th Ordinary Summit of SADC Heads of State and Government, which convened on Sunday in Harare, Zimbabwe.
This endorsement was announced in a statement released by the Ministry of Foreign Affairs and International Cooperation in Lusaka.
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According to the statement, Maimbo was selected through a rigorous and competitive process, emerging as the preferred candidate among seven other contenders.
“Maimbo was selected through a competitive process, emerging winner among seven contestants,” the statement read.
The statement further highlighted that Maimbo would serve as the sole candidate from the SADC region in the upcoming AfDB Presidential elections, scheduled for May 2025.
Maimbo currently holds the position of Vice President for Budget Performance Review and Strategic Planning at the World Bank Group, a role he has occupied since 2023.
His extensive career with the World Bank began in 2001, during which time he also served as Chief of Staff in the Office of the President.
The endorsement of Maimbo by SADC is seen as a significant step in securing the leadership of the AfDB for the Southern African region.
His candidacy is expected to focus on strengthening the bank’s development agenda across the continent, leveraging his years of experience in international finance and development.
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