JUST IN: Former Minister of Finance, Ngozi Okonjo-Iweala, Emerge Director-General of the World Trade Organization, WTO.

Ngozi Iweala emerged winner of the highly competitive race after polling 104 votes from 164 member countries to defeat her opponent, South Korea’s trade minister, Yoo Myung-hee. With the development, Iweala becomes the first female and first African to occupy the office. Recall that she had received support from 79 countries, Speaking during a virtual press conference last Friday, she said the 55-man African Union (AU) officially endorsed her over her only opponent, Yoo Myung-hee of South Korea.

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WTO: Meet The Finalists, Nigeria’s Okonjo-Iweala & South Korea’s Yoo Myung

The World Trade Organisation announced Nigeria’s Ngozi Okonjo-Iweala and South Korea’s Yoo Myung-hee as the top two candidates for the position of its Director-General on Thursday. These two finalist are to advance to the final round in the race to lead the Geneva-based trade body. From 24 September to 6 October, WTO members expressed preferences on five remaining candidates during consultations with Amb. Walker, Amb. Dacio Castillo of Honduras and Amb. Harald Aspelund of Iceland,” the trade body said in a statement Thursday. “Based on the depth and breadth of…

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