Dangote Joins World Bank’s Investment Lab to Drive Growth in Emerging Economies
Abuja – President and Chief Executive of Dangote Group, Aliko Dangote, has officially accepted his appointment to the World Bank’s Private Sector Investment Lab, joining a distinguished panel of global business leaders tasked with accelerating investment and job creation across emerging markets.
The World Bank confirmed Dangote’s inclusion on Wednesday, marking a strategic expansion of the Investment Lab as it enters a new phase focused on mobilizing private capital and promoting employment in developing countries.
The initiative, previously co-chaired in 2023 by Canadian Prime Minister Mark Carney, is part of the World Bank’s broader efforts to unlock £1 trillion in sustainable investment aimed at supporting the global energy transition and long-term development in emerging economies.
In a statement following the announcement, Dangote expressed his enthusiasm for the appointment, underscoring the transformative power of private sector-led investment.
“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,” he said.
He further noted that the initiative aligns with his long-standing vision for sustainable development in Africa and beyond. “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,” he added.
Dangote joins a high-profile group of business leaders including Bayer AG CEO Bill Anderson, Bharti Enterprises Chair Sunil Bharti Mittal, and Hyatt Hotels Corporation President and CEO Mark Hoplamazian. According to the World Bank, the expanded membership comprises individuals with proven success in job creation and investment in developing markets—core priorities for the institution’s development strategy.
The Lab aims to leverage the expertise and influence of its members to scale up investment solutions, improve employment outcomes, and contribute to sustainable economic growth in lower-income countries.
