Business & Finance

AfDB Group Debunks Presidential Election Recruitment Claim

The African Development Bank (AfDB) Group has refuted allegations suggesting it has engaged Africa Consultancy in its presidency recruitment process.

This was reported by Africa Intelligence on 21 March 2025. The report claimed Hannah Ryder, the managing director of Development Reimagined, is due to meet the figures vying to take over the reins of the African Development Bank.

This has been discredited as false, misleading and reckless.

“The Bank Group has not recruited, mandated or engaged a company or an individual to interview presidential candidates or participate in any other role regarding the presidential election process.”

The Group emphasized that the election of the African Development Bank is the sole prerogative of the joint committee that comprises Bank shareholders per the Bank’s founding agreement and established protocols.

It noted, “The Bank itself plays no role in selecting, recruiting or shortlisting candidates.”

“It’s regrettable and deeply concerning that Africa Intelligence chose to publish such misleading information without verifying with the Bank Group or visiting its website. It is a serious dereliction of journalistic duty that is expected of any professional media practitioner.”

It thus urged the public and the media to exercise caution in the face of misleading and malicious narratives and to respect the integrity of the Bank’s presidential election process.

 

Source: opemsuo.com/Hajara Fuseini

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