President and Chief Executive of Dangote Group, Aliko Dangote, has accepted his appointment to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with accelerating investment and job creation in emerging economies.
The Lab, co-chaired in 2023 by former Canadian Prime Minister and UN Special Envoy for Climate Action and Finance, Mark Carney, is aimed at mobilizing £1 trillion in sustainable investments to support the energy transition and economic development in developing nations.
Confirming his acceptance in a statement, Dangote expressed enthusiasm for the role, reiterating his commitment to promoting sustainable economic growth through private sector-led initiatives.
“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,” Dangote said.
He continued, “This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. I draw inspiration from the remarkable successes of the Asian Tigers, which underscore the impact of strategic investment and focused policy. I look forward to working with other global leaders to help replicate these outcomes in other parts of the world.”
The World Bank announced Dangote’s inclusion in the Lab on Wednesday, as part of its efforts to broaden the group and intensify strategies for scaling private sector investment and job creation in low- and middle-income countries.
Other high-profile members of the expanded Lab include Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.
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