Dangote Bags World Bank Appointment

Following his nomination to the World Bank’s Private Sector Investment Lab, an organization dedicated to promoting investment and job development in emerging economies, Aliko Dangote, President and CEO of the Dangote Group, has expressed his thanks.

Dangote reaffirmed his dedication to promoting sustainable economic growth through private sector investment in a statement confirming his appointment. He underlined how such programs can revolutionize emerging 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,” Dangote stated.

He further explained, “This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. Inspired by the successes of the Asian Tigers, which demonstrated the impact of strategic investment and economic policy, I am eager to work with fellow leaders to replicate similar outcomes across other regions.”

The World Bank announced Dangote’s appointment on Wednesday as part of the expansion of its Private Sector Investment Lab, now entering a new phase aimed at scaling solutions to attract private capital and create jobs in developing economies.

Joining Dangote in this prestigious group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.

The World Bank highlighted that the expanded membership brings together business leaders with proven track records in generating employment in developing economies, supporting its intensified focus on job creation as a central pillar of global development.

“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy. 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,” said World Bank Group President Ajay Banga.

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