Aliko Dangote, President and Chief Executive of the Dangote Group, has been appointed to the World Bank’s Private Sector Investment Lab , a prestigious initiative aimed at boosting investments and creating jobs in emerging economies. In a statement confirming his acceptance, Dangote expressed his excitement and commitment to driving 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.
“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,” he added.
The Role of the Private Sector Investment Lab
The Private Sector Investment Lab is entering a new phase aimed at scaling up solutions to attract private capital and create jobs in the developing world. Dangote joins an elite group of global business leaders, including:
- Bill Anderson , CEO of Bayer AG
- Sunil Bharti Mittal , Chair of Bharti Enterprises
- Mark Hoplamazian , President and CEO of Hyatt Hotels Corporation
The expanded membership reflects the World Bank’s sharpened focus on job creation as a central pillar of global development. According to World Bank Group President Ajay Banga , this initiative is not about altruism but about helping the private sector identify profitable investments that also drive economic and social progress.
“This isn’t about altruism—it’s about helping the private sector see a path to investments that will deliver returns, and lift people and economies alike. It’s central to our mandate,” Banga stated.
Dangote’s Legacy of Economic Impact
The Dangote Group, founded by Aliko Dangote, is the largest conglomerate in West Africa and one of the largest on the African continent. With interests spanning cement, fertiliser, salt, sugar, and oil , the Group employs over 30,000 people and is Nigeria’s largest taxpayer, contributing more in taxes than all of the country’s banks combined.
The Group’s flagship project, the $20 billion Dangote Petroleum Refinery & Petrochemicals , stands as the largest single private investment in Africa. This underscores Dangote’s pivotal role in driving industrialisation and economic transformation across the continent.
Beyond his business ventures, Dangote leads the Aliko Dangote Foundation , the largest private foundation in sub-Saharan Africa. The foundation focuses on critical areas such as child nutrition, health, education, empowerment, and disaster relief , with the largest endowment by a single African donor.
A Broader Vision for Emerging Economies
Dangote’s appointment comes as part of a broader expansion of the Private Sector Investment Lab, which aims to consolidate actionable solutions into five priority focus areas, including regulatory and policy certainty . These solutions are being integrated across the World Bank’s operations to address barriers to private sector investment in developing countries.
In 2023, the Lab, co-chaired by Canadian Prime Minister Mark Carney, focused on attracting £1 trillion in sustainable investment to support the energy transition in emerging markets. Over the past 18 months, the initiative has brought together leaders from global financial institutions to identify pressing challenges and test innovative solutions.
Dangote’s Commitment to Development
Dangote’s appointment highlights his continued dedication to fostering economic growth and development in Africa and beyond. His leadership and experience in building one of Africa’s largest conglomerates position him as a key figure in shaping strategies for sustainable investment and job creation in emerging economies.
“This opportunity aligns perfectly with my vision for Africa’s future,” Dangote said. “By working collaboratively with global leaders, we can unlock the potential of developing economies and create lasting impact.”
Call to Action
Stay updated on Aliko Dangote’s contributions to global economic development and the World Bank’s initiatives to drive private sector investments. Follow us for insights on Africa’s role in shaping the future of emerging economies.
👉 Subscribe Now | Follow Us | Share This Story
About the author
Conseil des ministres au Burkina Faso : session présidée par Ibrahim Traoré à Ouagadougou
Le Conseil des ministres du Burkina Faso s’est réuni à Ouagadougou le jeudi 12 mars 2026 pour une séance ordinaire présidée par Ibrahim Traoré, Président du Faso et Président du Conseil des ministres. La réunion s’est tenue de 09 h 00 à 11 h 01 et a permis d’examiner plusieurs dossiers inscrits à l’ordre du jour. Principaux points abordés Au cours de cette séance, le Conseil des ministres a : délibéré sur plusieurs dossiers relatifs à la gestion des affaires de l’État ; entendu une communication orale portant sur des questions d’intérêt national ; procédé à des nominations dans l’administration publique ; autorisé certaines missions officielles à l’étranger. Cette session s’inscrit dans le cadre des réunions ordinaires du gouvernement visant à assurer la conduite des politiques publiques, la coordination de l’action gouvernementale et le suivi des décisions de l’exécutif. Le […]
Daniella Mawusi Ntow Sarpong Thanks Mahama for Appointment as Fire Service Chief
Daniella Mawusi Ntow Sarpong, the Chief Fire Officer and Director-General of the Ghana National Fire Service, has expressed deep appreciation to John Dramani Mahama for appointing her to lead the service. Speaking in an interview on Dwaso Nsem on Adom FM, Madam Ntow Sarpong also extended her gratitude to Vice President Jane Naana Opoku-Agyemang and the governing National Democratic Congress for the confidence placed in her leadership. “I want to use this opportunity to thank President Mahama, Vice President Prof. Jane Naana, and the entire NDC government for the confidence reposed in me and for honouring me with this leadership role,” she said. Commitment to Serve The Fire Chief pledged to meet the expectations attached to the position, assuring both government and the public of her dedication to the role. “I pledge to fulfil my mandate and discharge my duties […]
No Ghanaian Casualties in Middle East Tensions – Samuel Okudzeto Ablakwa
Samuel Okudzeto Ablakwa has confirmed that no Ghanaian has been killed or injured following the recent escalation of tensions in the Middle East, as government steps up efforts to protect its citizens in the region. In a Facebook update on Tuesday, March 3, the Minister revealed that he convened a virtual meeting with Ghana’s Ambassadors and Consuls General across the Middle East to assess the situation and coordinate further consular interventions. “This evening, I convened a virtual meeting with our Ambassadors and Consuls General in the Middle East to assess the latest developments and explore further consular interventions towards the protection of Ghanaians,” he stated. Diplomatic Coordination Across the Region Heads of Mission from Israel, Saudi Arabia, Qatar, Kuwait, the United Arab Emirates, Iran and Turkey participated in the discussions. “I am glad to report that so far no Ghanaian […]
IET-GH Marks World Engineering Day, Highlights Engineers’ Role in Ghana’s Development
The Institution of Engineering and Technology Ghana has joined the global engineering community in marking World Engineering Day for Sustainable Development, observed annually on March 4 and endorsed by UNESCO. In a statement issued to commemorate the day, the Institution highlighted the central role engineers play in Ghana’s development. It noted that engineering remains vital to infrastructure delivery, environmental protection, industrial growth, and technological progress. Engineering at the Heart of National Development According to IET-GH, Ghanaian engineers are providing practical solutions to major national challenges, including climate change, sanitation, energy transition, resilient infrastructure, and sustainable urban development. The Institution reaffirmed its commitment to ethical standards, innovation, and professional excellence, stressing that the country’s long-term growth will depend heavily on the expertise, creativity, and integrity of its engineers. It also encouraged young people to consider careers in engineering, describing the profession […]
Ga Traditional Council Summons KOKA Over Comments About COCOBOD CEO
The Ga Traditional Council has summoned entertainment critic Kwaku Osei Korankye Asiedu, popularly known as KOKA, over comments he allegedly made on social media concerning the Chief Executive Officer of the Ghana Cocoa Board, Dr. Randey Abbey. In a formal letter, the Council directed KOKA to appear before Ga chiefs and priests at the Ga Mantse Palace on Thursday, March 5, 2026. The traditional authorities stressed the importance of his presence, urging him to treat the invitation with urgency and seriousness. “Your presence is respectfully requested to address the matter and offer any necessary explanations. Kindly treat this invitation with the seriousness it deserves,” the letter stated. The correspondence was signed by the Secretary of the Court of Priests of Ga, acting on behalf of the Chief Priest of the Ga Traditional Area.
Ghana to Declare 21 Marine Protected Areas Starting at Greater Cape Three Points
Ghana is preparing to declare 21 coastal communities as Marine Protected Areas in a major step toward restoring marine biodiversity and strengthening fisheries management. The first declaration is expected to take place at Greater Cape Three Points in the Western Region. Once designated, fishing activities within the protected zones will be restricted to allow depleted fish stocks to recover. Part of the Global 30×30 Target The move forms part of Ghana’s commitment to the global 30×30 target, which calls for the protection of at least 30 percent of the world’s land and ocean areas by 2030. The goal falls under Target 3 of the Global Biodiversity Framework and has been adopted by more than 190 countries. Despite the widespread commitment, progress remains slow. Since 2022, global reviews show that only about 2.9 percent of the ocean is fully or highly […]
Related
Tinubu has ended Southeast marginalisation, says Umahi
Minister of Works, David Umahi, says President Bola Tinubu has effectively ended the long standing political and infrastructural marginalisation of the Southeast region.He stated this while speaking at a public event where he reviewed federal projects and appointments linked to the zone. Umahi explained that, under Tinubu, the Southeast is receiving more federal attention than at any other time since the return to democracy in 1999.According to him, previous administrations did not give the region the level of inclusion and investment it is currently enjoying. He pointed to his own appointment as Minister of Works as a major signal of change, describing it as the first time since independence that someone from the Southeast is heading the ministry.Umahi said this position has allowed the region to have a stronger voice in national infrastructure planning and execution. The minister listed several […]
Middle East crisis: NLC demands COLA, wage award, tax relief
The Nigeria Labour Congress has asked the Federal Government to introduce immediate measures such as cost of living allowance, wage awards and tax relief to cushion the impact of the ongoing Middle East crisis on Nigerian workers.The union said rising global tensions have worsened fuel prices, transport costs and inflation, deepening hardship for salaries that were already inadequate. NLC President Joe Ajaero noted that workers were struggling even before the latest spike in energy costs and warned that many households can no longer cope without urgent support.He explained that the current N70,000 minimum wage has been overtaken by inflation and does not reflect the real cost of food, transport, housing and basic services. The NLC is therefore pushing for a cost of living allowance to be paid on top of existing wages so that workers can absorb sudden price shocks.Ajaero […]
Tinubu doing well across key sectors, says Gowon
Former Head of State, General Yakubu Gowon (retd.), has praised President Bola Tinubu’s performance, saying the administration is doing well across key sectors of national life.He spoke with State House correspondents after a private meeting with the President at the Presidential Villa in Abuja. Gowon said his visit was to greet the President and thank him for the efforts being made to move the country forward.According to him, the government is working in political, economic and social areas, as well as in tackling security challenges. He acknowledged that Nigerians are facing difficulties but urged citizens to be patient and give the administration time for its reforms to yield fuller results.He added that it is too early to expect all problems to be solved, noting that major policy changes usually take time to reflect in people’s daily lives. Gowon encouraged Nigerians […]
Fuel price hike: Presidency faults Obi on strategic reserve proposal
The Presidency has rejected claims by former Labour Party presidential candidate Peter Obi that Nigeria’s rising fuel prices are mainly due to a lack of strategic petroleum reserves.It said Obi’s comments oversimplify a complex problem and ignore the deeper structural challenges that have long affected the country’s energy sector. In a statement shared on social media, presidential aide Dada Olusegun argued that recent increases in petrol prices are largely driven by global market forces, not the absence of strategic reserves.He noted that many advanced economies with large reserves still experience price swings because reserves are not used simply to stop normal market movements. Olusegun stressed that Nigeria’s main problem lies in decades of low refining capacity, heavy dependence on imported petrol, and pressure on the foreign exchange market.He said these long term issues make the country highly vulnerable whenever international […]
National Museum names Dufuna canoe, Lugard Bridge top heritage sites
The National Commission for Museums and Monuments has listed the ancient Dufuna canoe and Lugard’s Footbridge as two of Nigeria’s most important heritage sites.The commission said both sites reflect key phases in Nigeria’s history, from prehistoric innovation to the colonial era. The Dufuna canoe, discovered in 1987 near the village of Dufuna in Yobe State, is regarded as the oldest known boat in Africa and the second oldest in the world.Radiocarbon dating places the canoe at about 8,000 years old, showing that advanced boat-making and fishing activities existed in the region thousands of years ago. According to the commission, the canoe offers rare insight into early human settlement, transport, and trade along the Komadugu Gana River and surrounding communities.It described the artefact as a national and global treasure that strengthens Nigeria’s place in discussions on world archaeology and early technology. […]
Ex-Super Eagles legend Henry Nwosu dies at 62
Former Super Eagles midfielder Henry Nwosu has died at the age of 62, plunging Nigerian football into deep mourning.He reportedly passed away around 4:00 a.m. on Saturday at the Lagos State University Teaching Hospital in Ikeja, Lagos, where he had been in intensive care for several days. The news of his death was announced by his former teammate and 1980 Africa Cup of Nations winner, Segun Odegbami, who shared the sad development on his media platforms.Odegbami revealed that Nwosu battled for his life for about five days in the hospital before he passed on. Henry Nwosu was a key member of Nigeria’s historic 1980 Africa Cup of Nations squad, which delivered the country’s first-ever AFCON title on home soil.As the youngest player in that team, he was widely admired for his creativity, vision, composure on the ball, and excellent reading […]