World Bank Appoints Dangote: The World Bank has named Aliko Dangote, President and Chief Executive of the Dangote Group, to its Private Sector Investment Lab, which seeks to stimulate job creation in emerging economies.
In a statement issued to http://newsaih.com on Thursday, Dangote expressed his dedication to promoting sustainable economic development through private sector investments, emphasizing the significant impact such initiatives can have in developing markets.
“I am truly honored and excited to accept my role in the World Bank’s Private Sector Investment Lab, which is focused on enhancing investment and employment opportunities in emerging economies,” said Africa’s wealthiest individual
“This opportunity resonates with my enduring commitment to sustainable development and the potential of developing economies.
Inspired by the remarkable achievements of the Asian Tigers, which have showcased the effectiveness of strategic investment and targeted economic policies, I look forward to collaborating with other leaders to replicate these successes in various regions.”
The World Bank announced Dangote’s appointment on Wednesday as part of a broader initiative to expand its Private Sector Investment Lab, which is entering a new phase aimed at scaling solutions to attract private capital and generate employment in the developing world.
Joining Dangote in this distinguished group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.
Previously, the World Bank indicated that this expanded membership unites business leaders with established records of creating jobs in developing economies, supporting the bank’s intensified focus on job creation as a fundamental aspect of global development.
“With the expanded membership, we are integrating this effort into our operations and linking it directly to the employment agenda that drives our strategy,” stated World Bank Group President Ajay Banga. “This initiative is not merely about altruism; it aims to guide the private sector toward investments that yield returns while uplifting people and economies. It is central to our mission.”
In 2023, Mark Carney, the Prime Minister of Canada, co-chaired the Private Sector Investment Lab, which aimed to attract £1 trillion in sustainable investments to facilitate the energy transition in emerging markets.
