Wadagni joins Senegal’s Amadou Hott in the race to succeed Akinwumi Adesina. The new president will face pressing challenges, including a continent-wide debt of $640 billion, climate change, and food insecurity. Additionally, fostering youth education and employability will be crucial.
Wadagni, serving as Benin’s Finance Minister since 2016, has overseen a period of economic growth and competitiveness. Notably, he facilitated the early repayment of a significant portion of the national debt. Under his leadership, Benin successfully issued its first international bond, raising €260 million.
Wadagni’s economic reforms have positioned Benin as an attractive investment destination, earning the IMF’s praise for its “economic resilience.” Benin’s removal from the list of the world’s 25 poorest countries and a credit rating upgrade by Standard and Poor’s further highlight this success. Additionally, streamlining business startup procedures has enhanced the investment climate.
Recognizing the impact of climate change, Wadagni emphasizes the importance of financing Africa’s climate resilience efforts. His recent “Round Table on Financing Climate Action in Benin” garnered international recognition as a model for other African nations.
Wadagni boasts a distinguished background, holding degrees from Harvard Business School and the Ecole Supérieure des Affaires de Grenoble. He brings experience from Deloitte’s offices in France, the US, and Africa. He also served as Chair of the WAEMU Finance Ministers Council, advocating for a more “autonomous” common currency.
Financial Afrik has repeatedly awarded Wadagni the title of “Best African Finance Minister of the Year.” His economic reforms and sound management of Benin’s resources position him as a compelling candidate for the AfDB presidency.
CP/ac/lb/abj/APA