Lagos, Nigeria (CNN Business)Ngozi Okonjo-Iweala was confirmed as director-general of the World Trade Organization on Monday, becoming the first woman and the first African to lead the global trade body.
Okonjo-Iweala was appointed by the WTO after the last remaining rival candidate, South Korean trade minister Yoo Myung-hee, withdrew from the race. She will take up her post on March 1, initially for a term that runs until August 2025.