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AfDB at 60: Time to reclaim the zeal of its visionary reformers
AfDB at 60: Time to reclaim the zeal of its visionary reformers

TimesLIVE

time29-05-2025

  • Business
  • TimesLIVE

AfDB at 60: Time to reclaim the zeal of its visionary reformers

On its 60th anniversary, the African Development Bank (AfDB) stands on the foundations laid by every one of its past presidents. History shows three stewards in particular guided the institution through decisive turning points: Babacar Ndiaye, Omar Kabbaj and Donald Kaberuka. Their combined reforms offer a blueprint for the next generation. With today's crises mounting, from shrinking aid to rising debt, that spirit of decisive reinvention must return. The leadership contest we are witnessing now happens as the continent again faces tightening liquidity, dwindling concessional resources and escalating debt service costs. These pressures mirror earlier shocks: the post‑Cold‑War aid squeeze of the early 1990s, the commodity price slump of 1998‑2002 and the global financial crisis of 2008‑2009. Each episode forced Africa's premier development institution to redefine its mandate, strengthen its balance sheet and, crucially, protect its credit standing. Those lessons remain highly relevant as the Bank prepares for its next resource mobilisation and as African policymakers debate how the institution can best serve a $3-trillion (R53.53-trillion) continental economy that still falls short on infrastructure, climate resilience and industrial diversification. Ndiaye (president, 1985-1995) led the Bank through one of its most consequential transformations. A consummate Senegalese technocrat and diplomat, Ndiaye secured the 1987 general capital increase that tripled ordinary resources to $23.3bn (R415.2bn) and brought newly admitted non‑regional shareholders behind a common agenda. He went on to champion pan‑African institutions that outlived his mandate, Afreximbank, Shelter Afrique and Africa Re, enlarging the bank's footprint in trade finance, housing and risk transfer. His ability to persuade Eritrea and Ethiopia, Namibia and South Africa to subscribe simultaneously attested to his diplomatic reach.

Everton bid farewell to Goodison
Everton bid farewell to Goodison

Express Tribune

time19-05-2025

  • Sport
  • Express Tribune

Everton bid farewell to Goodison

Former players including Neville Southall and Adrian Heath walk on the pitch during a commemorative ceremony after the last match for the men's team at Goodison Park. PHOTO: REUTERS Everton said goodbye to Goodison Park in style with a 2-0 Premier League win over Southampton thanks to a double for Iliman Ndiaye on an emotional Sunday in Merseyside. Home of the Toffees since 1892, Goodison will play host to Everton's women from next season as the men move to a new 52,000 capacity stadium. Legends of Everton's past, including former England captain Wayne Rooney, watched on impressed as Ndiaye produced two fine first-half finishes to ensure there was a happy ending for the home fans. "I'm pleased for the result. I wanted to make sure we finished right," said Everton manager David Moyes. The business on the pitch was a sideshow with already-relegated Saints providing the perfect opposition for a glorious goodbye. Sun-kissed streets around the ground were covered in acrid blue smoke hours before the noon kick-off as thousands of Everton fans even without tickets made the pilgrimage for a final time. The Toffees have not won a major trophy for the past 30 years. But Goodison was the scene of the club's bygone glory years. Only four clubs have won more English top-flight titles than Everton's nine. There is hope that the move to a new state-of-the-art stadium in Liverpool's docklands, allied to new ownership under the US-based Friedkin Group, can help restore good times on the field after seasons of battling relegation. "The scenes outside the stadium were incredible. It is a club that is needing some big days, a big future. Let's hope this is the start of it," added Moyes. "If we can take what we had today to the new stadium, it will be something." Mired in financial troubles, Everton have had to fight for survival in recent seasons to maintain an unbroken 71-year stay among the elite. If there is to be a brighter future next season, Ndiaye is likely to be at the heart of it. The 25-year-old Senegalese international has proved a much-needed spark in his debut season for a side lacking a potent striker. Southampton had frustrated Manchester City in a 0-0 draw last weekend to ensure they will not end the season as the worst side in Premier League history. However, they were undone just six minutes in as Ndiaye curled into the bottom corner to make sure there would be no spoiling the Everton party. Beto found the net twice more but on both occasions had strayed offside before finishing off fine team moves. Ndiaye's quick feet did double the advantage for Moyes' men just before the break as he rounded Aaron Ramsdale and slotted in his 11th goal of the season. The second half of Everton's 2791th game at Goodison will be quickly forgotten. But the memories of a stadium referred to locally as the "Grand Old Lady" will live on for generations of supporters. De Bruyne 'probably' won't feature for Man City at Club World Cup Kevin De Bruyne says he "probably" won't play for Manchester City at the Club World Cup to avoid an injury that could damage his bid to find a new club. De Bruyne will leave City after 10 years when his contract expires in the close-season, but there has been speculation he could sign a short-term deal to remain with Pep Guardiola's side for the Club World Cup. The first of two summer transfer windows is an additional registration period created by FIFA for teams involved in the Club World Cup, effectively allowing players in De Bruyne's situation to stay on for the tournament. City's opening game is against Moroccan club Wydad AC in Philadelphia on June 18.

Ndiaye double gives Everton perfect Goodison send-off, as Vardy scores farewell 200th goal in Leicester swansong
Ndiaye double gives Everton perfect Goodison send-off, as Vardy scores farewell 200th goal in Leicester swansong

Malay Mail

time19-05-2025

  • Sport
  • Malay Mail

Ndiaye double gives Everton perfect Goodison send-off, as Vardy scores farewell 200th goal in Leicester swansong

Ndiaye double gives Everton perfect Goodison send-off, as Vardy scores farewell 200th goal in Leicester swansong LONDON, May 19 — Everton said farewell to Goodison Park in style as Iliman Ndiaye's double sealed an emotional 2-0 win over Southampton, while Jamie Vardy brought down the curtain on his Leicester career with his 200th goal for the club in yesterday's 2-0 victory against Ipswich. Home of the Toffees since 1892, Goodison will play host to Everton's women from next season as the men move to a new 52,000 capacity stadium. Legends of Everton's past including Wayne Rooney watched on as Ndiaye produced two fine first-half finishes to ensure there was a happy ending to the Goodison era. Goodison was the scene of Everton's bygone glory years and there is hope that the move to their plush new stadium in Liverpool's docklands can help restore good times after a dark period largely spent battling relegation. 'Extraordinary atmosphere. The crowd were amazing. The job was to win the game and see ourselves out at Goodison in a good light,' Everton boss David Moyes said. Vardy was making his 500th and final appearance for Leicester after a remarkable 13-year spell including a fairytale Premier League title triumph in 2016 and FA Cup glory in 2021. The 38-year-old, who started his career in non-league football, will leave at the end of the season and agreed not to play in next weekend's final game of the season to ensure his last Leicester appearance came at the King Power Stadium. With both Leicester and Ipswich long since condemned to relegation, the full focus was on Vardy. Banners with Vardy celebrating goals and lifting the FA Cup and Premier League were unfurled on the pitch before kick-off, while thousands of fans waved flags reading 'Thank You Vards'. 'As a symbol of the spirit that defined the most successful era in our history, Jamie rightly carries the title of our greatest of all time,' Leicester chairman Aiyawatt Srivaddhanaprabha said. Everton fans react in the stands during a commemorative ceremony after the last match for the men's team at Goodison Park. — Reuters pic Emotional Vardy Vardy took just 28 minutes to make it an unforgettable day as he sprinted onto James Justin's pass to unleash a typically predatory finish. Kasey McAteer bagged his first Premier League goal in the 68th minute, firing home to ensure Vardy would bow out on a winning note. In a fitting finale, a visibly emotional Vardy was given a guard of honour by his team-mates and a standing ovation from the fans when he was substituted in the second half. 'I've enjoyed every minute of this. I look forward to keeping an eye on the club I love,' Vardy said. 'From the bottom of my heart, thank you for taking myself and my family in as your own. I hope I've repaid you.' Nottingham Forest won 2-1 at West Ham to keep alive their hopes of playing in the Champions League for the first time since 1980-81. Nuno Espirito Santo's side were gifted the lead in the 11th minute when West Ham keeper Alphonse Areola miscued a pass to Guido Rodriguez inside his own penalty area and Morgan Gibbs-White slotted into the empty net. Gibbs-White celebrated by holding up a shirt with Taiwo Awoniyi's name in tribute to the Forest striker, who needed urgent abdominal surgery and was kept unconscious to aid his recovery after being injured against Leicester last weekend. Nikola Milenkovic doubled Forest's advantage with a close-range finish from Anthony Elanga's 61st minute free-kick. Jarrod Bowen's 86th minute strike came too late to deny seventh-placed Forest, who are one point outside the top five and host fourth-placed Chelsea in their last game next weekend. 'It's great. Let's enjoy it, it's going to be a good week for us. If we'd thought in the beginning of the season that we'd be playing to play in the Champions League we'd sign it,' Nuno said. Fulham won 3-2 at west London rivals Brentford to remain in the hunt for a top-eight finish. Raul Jimenez netted for Fulham with a 16th minute header before Bryan Mbeumo hauled the hosts level six minutes later. Bernd Leno saved Mbeumo's spot-kick before Yoane Wissa prodded Brentford ahead in the 43rd minute. But Tom Cairney's 68th minute equaliser was followed by Harry Wilson's long-range rocket two minutes later. — AFP

Everton win on Goodison farewell, Vardy makes it 200 in Leicester swansong
Everton win on Goodison farewell, Vardy makes it 200 in Leicester swansong

Malay Mail

time19-05-2025

  • Sport
  • Malay Mail

Everton win on Goodison farewell, Vardy makes it 200 in Leicester swansong

Ndiaye double gives Everton perfect Goodison send-off, as Vardy scores farewell 200th goal in Leicester swansong LONDON, May 19 — Everton said farewell to Goodison Park in style as Iliman Ndiaye's double sealed an emotional 2-0 win over Southampton, while Jamie Vardy brought down the curtain on his Leicester career with his 200th goal for the club in yesterday's 2-0 victory against Ipswich. Home of the Toffees since 1892, Goodison will play host to Everton's women from next season as the men move to a new 52,000 capacity stadium. Legends of Everton's past including Wayne Rooney watched on as Ndiaye produced two fine first-half finishes to ensure there was a happy ending to the Goodison era. Goodison was the scene of Everton's bygone glory years and there is hope that the move to their plush new stadium in Liverpool's docklands can help restore good times after a dark period largely spent battling relegation. 'Extraordinary atmosphere. The crowd were amazing. The job was to win the game and see ourselves out at Goodison in a good light,' Everton boss David Moyes said. Vardy was making his 500th and final appearance for Leicester after a remarkable 13-year spell including a fairytale Premier League title triumph in 2016 and FA Cup glory in 2021. The 38-year-old, who started his career in non-league football, will leave at the end of the season and agreed not to play in next weekend's final game of the season to ensure his last Leicester appearance came at the King Power Stadium. With both Leicester and Ipswich long since condemned to relegation, the full focus was on Vardy. Banners with Vardy celebrating goals and lifting the FA Cup and Premier League were unfurled on the pitch before kick-off, while thousands of fans waved flags reading 'Thank You Vards'. 'As a symbol of the spirit that defined the most successful era in our history, Jamie rightly carries the title of our greatest of all time,' Leicester chairman Aiyawatt Srivaddhanaprabha said. Everton fans react in the stands during a commemorative ceremony after the last match for the men's team at Goodison Park. — Reuters pic Emotional Vardy Vardy took just 28 minutes to make it an unforgettable day as he sprinted onto James Justin's pass to unleash a typically predatory finish. Kasey McAteer bagged his first Premier League goal in the 68th minute, firing home to ensure Vardy would bow out on a winning note. In a fitting finale, a visibly emotional Vardy was given a guard of honour by his team-mates and a standing ovation from the fans when he was substituted in the second half. 'I've enjoyed every minute of this. I look forward to keeping an eye on the club I love,' Vardy said. 'From the bottom of my heart, thank you for taking myself and my family in as your own. I hope I've repaid you.' Nottingham Forest won 2-1 at West Ham to keep alive their hopes of playing in the Champions League for the first time since 1980-81. Nuno Espirito Santo's side were gifted the lead in the 11th minute when West Ham keeper Alphonse Areola miscued a pass to Guido Rodriguez inside his own penalty area and Morgan Gibbs-White slotted into the empty net. Gibbs-White celebrated by holding up a shirt with Taiwo Awoniyi's name in tribute to the Forest striker, who needed urgent abdominal surgery and was kept unconscious to aid his recovery after being injured against Leicester last weekend. Nikola Milenkovic doubled Forest's advantage with a close-range finish from Anthony Elanga's 61st minute free-kick. Jarrod Bowen's 86th minute strike came too late to deny seventh-placed Forest, who are one point outside the top five and host fourth-placed Chelsea in their last game next weekend. 'It's great. Let's enjoy it, it's going to be a good week for us. If we'd thought in the beginning of the season that we'd be playing to play in the Champions League we'd sign it,' Nuno said. Fulham won 3-2 at west London rivals Brentford to remain in the hunt for a top-eight finish. Raul Jimenez netted for Fulham with a 16th minute header before Bryan Mbeumo hauled the hosts level six minutes later. Bernd Leno saved Mbeumo's spot-kick before Yoane Wissa prodded Brentford ahead in the 43rd minute. But Tom Cairney's 68th minute equaliser was followed by Harry Wilson's long-range rocket two minutes later. — AFP

Ndiaye double gives Everton win over Southampton in Goodison Park finale
Ndiaye double gives Everton win over Southampton in Goodison Park finale

Yahoo

time18-05-2025

  • Sport
  • Yahoo

Ndiaye double gives Everton win over Southampton in Goodison Park finale

When the Goodison Park history books are printed, they will show Iliman Ndiaye scored the final two Premier League goals at the grand old stadium. It was not an afternoon about the actual football as Goodison said goodbye to men's football, mercifully, for the home support, with a simple win for Everton against Southampton. No one cared about the quality on show, which was a relief as the match felt like a sideshow. Ndiaye lit it up, however, and walked off with the match ball despite falling one short of a hat-trick. The forward was the difference, ensuring the final memories for those who stayed faithful to Everton through the thick and often thin in recent years were rewarded with a fitting end. Related: Everton 2-0 Southampton: end of an era at Goodison Park – Premier League live reaction After the first game of David Moyes's second reign, Everton were a point above the relegation zone with three wins from 20 games. At that time this match looked like a potential six-pointer. It instead was a party in radiant sunshine to celebrate 132 years of Everton's home. No one inside Goodison Park required anything to improve the atmosphere but a stunning solo goal from Ndiaye in the sixth minute shook the foundations. The 25-year-old drifted through fluorescent shirts and calmly slotted into the bottom corner from the edge of the box. Cue a new wave of blue flares. Southampton were very polite guests, allowing the hosts to enjoy themselves, after the draw at Manchester City last week ensured they would not go down as the worst team in Premier League history. The Saints are a team in limbo, desperately waiting for their holidays to begin and to find out who their new permanent head coach will be. Talks have been held with Tom Cleverley and Will Still over the vacancy, and whoever gets the role will need to re-energise a team whose morale is at rock bottom. They lacked energy, ideas and overall quality to ensure Everton had the leaving party they wanted. The fixture settled into a rhythm of an end-of-season dead rubber. Everton were on top and were the only side threatening to score. They should have had a second when James Garner countered down the right, sliding the ball across for Beto in the area to slot into the corner. Unfortunately the striker decided he needed to be half-a-yard offside and his effort was ruled out. There was further pain for Beto when he rose highest to head home a Ashley Young cross after he had been brought on in the 18th minute for a final Everton hurrah. It was a superb move but Beto was again offside, as VAR confirmed. Ndiaye will be part of the new era at the club's new home at Bramley-Moore dock, which it was announced on Friday will be called the Hill Dickinson Stadium. He is a player Everton have rarely seen in recent times; a skillful performer capable of producing moments of magic, offering a final one to Goodison Park as he latched onto a Dwight McNeil through ball, showed the quickest of feet to bamboozle Aaron Ramsdale before tapping into the empty net in first-half injury-time. VAR threatened to dampen the mood for a third time but, thankfully, Ndiaye was onside. The result was not in doubt after that, leaving the second half to feel like an inconvenience for those who had lined the streets around the ground since 9am. Somewhat tired and emotional, they were waiting for the post-match events to bring down the final curtain, as the football on offer was increasingly pedestrian, played in front of a subdued audience who might not have noticed if the match was played with a beach ball. Another farewell took place in the 65th minute when Abdoulaye Doucouré was withdrawn. The midfielder is one of 13 Everton players out of contract in the coming weeks and fresh terms are yet to be offered. Michael Keane was another afforded a chance to bow out in front of the Toffees faithful, coming on for the injured Jarrad Branthwaite. The women's team will play here next season, keeping Goodison alive. The men are moving into their next stage in a better position than many envisaged at the turn of the year, with Ndiaye the on-field poster boy of positivity. A new home awaits and it was a glorious end for the old one.

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