Chairman of the award committee and former President of Tanzania, Dr. Salim Ahmed Salim, announced this yesterday at the UNECA Conference Centre, Addis Ababa, at a plenary of the on-going African Media Leaders Forum (AMLF). He said Dr. Kaberuka was chosen for the award in recognition of his innovative idea which led to the establishment of “Africa 50 Fund” a project put in place to co-manage and market initiatives that will catalyze funding for Africa’s largest infrastructure delivery vehicle created-to-date.
Dr Donald Kaberuka, is currently serving his second five-year term as President of the African Development Bank Group (AfDB). He was first elected in 2005, becoming the seventh president of the Bank Group since its establishment in 1963. Educated at universities in Tanzania and Scotland; PhD in Economics, Glasgow University. Formerly, career in banking, international trade and development and government service. 1997-2005, Minister of Finance and Economic Planning of Rwanda; oversaw successful reconstruction of the country at the end of the civil war; initiated and implemented major economic reforms and introduced new systems of structural, monetary and fiscal governance, laying special emphasis on the independence of Rwanda’s central bank.
Dr. Salim, who was Secretary General of the Organisation of African Unity (now African Union), said Dr. Kaberuka has done Africa proud by his idea of a domestically-financed development, he said Africans must take ownership of the continent’s infrastructure development through an economic strategy that places the funding equity in the hands of Africans .
“Such an equity ownership”, he stressed, “will send a strong signal to developer and financiers about the commitment of African countries to address the continent’s infrastructure challenges”. The award plaque and the prize sum of US$50,000 donated by UBA Plc, will be presented at a ceremony slated for January 15 next year in Abuja.
The award is open to all Africans based in the continent or in the diaspora, and it is given in recognition of exemplary contribution to African development in any sphere of human endeavor. Winners are selected through a transparent process from a pool of candidates who have been validly nominated at the award site www.award.dailytrust.com, past winners of the award are Dr. Denis Mukwege of the Democratic Republic Of Congo for 2008, the late pan-Africanist Dr. Tajudeen Abdul-Raheem of Nigeria for 2009 and Mr. Danny Jordaan of South Africa for 2010, former Chief Justice of Niger, Mrs Fatimata Salifou Bazeye for 2011 and the former South African President, Mr. Thabo Mbeki who won last year.
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