Aliko Dangote, CEO of the Dangote Group, has been appointed to the World Bank’s Private Sector Investment Lab. The Lab aims to drive private investment and job creation in developing economies.
Dangote expressed gratitude for the appointment. He reaffirmed his commitment to economic growth through private sector-led initiatives.
“I’m honoured to join the Investment Lab. It aligns with my goal of promoting sustainable development in emerging markets,” he said.
“The success of the Asian Tigers shows what’s possible. I look forward to working with global leaders to achieve similar progress.”
The World Bank announced his appointment as part of a broader expansion of the Lab. This new phase will focus on scaling solutions that attract private capital and create jobs.
Other new members include Bayer CEO Bill Anderson, Bharti Enterprises Chair Sunil Bharti Mittal, and Hyatt CEO Mark Hoplamazian. The group brings experience in job creation and economic growth in developing regions.
World Bank President Ajay Banga said:
“We’re tying this effort directly to our jobs agenda. It’s about showing the private sector where investment can bring strong returns and help economies grow.”
Over the past 18 months, the Lab has worked to identify and address key barriers to investment. It has now focused its efforts on five priority areas, including policy and regulatory clarity.
About Dangote Group
The Dangote Group is West Africa’s largest industrial conglomerate. It operates in cement, fertilizer, salt, sugar, and oil. The company employs over 30,000 people and is Nigeria’s largest private employer and taxpayer.
The $20 billion Dangote Refinery is Africa’s largest single private investment.
Philanthropy
Dangote also leads the Aliko Dangote Foundation—the largest private foundation in sub-Saharan Africa. It focuses on child nutrition, health, education, and disaster relief.
