Yaoundé: Etoudi throws in the towel for African Development Bank presidency ⁰

Biya and his gang have decided not to put forward a candidate for the presidency of the African Development Bank, despite two profiles emerging in recent months, Africa Intelligence reported today.

Africa Intelligence also stated that Biya made the dramatic u-turn to avoid finding himself at odds with the Chadian leader.

Unity Palace had worked to promote its own candidate for the top African Development Bank seat, despite having officially supported Chad’s contender.

The regime in Yaoundé reportedly ordered Cameroonian diplomats to push for economist Albert Zeufack to take over the presidency of the African Development Bank, instead of the former BEAC governor whom N’Djamena is supporting.

As more candidates apply to take on the African Development Bank leadership role, the presidents involved have been quietly calling round to get a picture of the situation.

By Chi Prudence Asong with files from Africa Intelligence