African Development Bank chief to focus on powering Africa

By Joe Bavier ABIDJAN (Reuters) - The African Development Bank (AfDB) will focus in coming years on tackling Africa's chronic power shortages to try to unlock its economic potential and end its vulnerability to fluctuations in commodity prices, its new president said. The lack of reliable power grids is a major obstacle to industrialising the continent's economies at a time when Africa hopes to make a transition from commodities producer to a manufacturing hub and challenge Asia where labour cos