The World Bank has appointed Aliko Dangote, President and CEO of the Dangote Group, to its Private Sector Investment Lab, aimed at driving job creation in emerging economies.
Dangote expressed his commitment to fostering sustainable economic growth through private sector-led investment, highlighting the transformative potential of such initiatives in developing markets.
“I am both honoured and excited to accept my appointment to the World Bank’s Private Sector Investment Lab, dedicated to advancing investment and employment in emerging economies,” the richest man in Africa said.
“This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. Drawing inspiration from the remarkable successes of the Asian Tigers, which have demonstrated the power of strategic investment and focused economic policy, I am eager to collaborate with fellow leaders to replicate such outcomes across other regions.”
The appointment is part of the World Bank’s efforts to scale up solutions to attract private capital and generate employment in the developing world.
Dangote will join other business leaders, including Bill Anderson of Bayer AG, Sunil Bharti Mittal of Bharti Enterprises, and Mark Hoplamazian of Hyatt Hotels Corporation, in the elite group.
The World Bank’s Private Sector Investment Lab aims to mainstream job creation across its operations, with World Bank Group President Ajay Banga stating that it’s about helping the private sector see a path to investments that will deliver returns and lift people and economies alike.
The lab’s focus on job creation aligns with the World Bank’s sharpened focus on employment as a central pillar of global development.