The World Bank Group said it has added Aliko Dangote, President/CEO, Dangote Group, and others, as new members of the private sector investment Lab, focused on job creation.
The agency announced this during the launch of the next phase of its Private Sector Investment Lab, focused on implementing proven solutions at scale.
The move also expands the Lab’s membership to include industry leaders with experience generating jobs in developing economies, aligning directly with the Bank’s sharpened focus on job creation as a core driver of development.
Group President of the World Bank, Ajay Banga said, “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”.
The global Bank sadded further that as the Lab enters its implementation phase, it is also expanding its membership to include private sector leaders in sectors critical to job creation such as infrastructure and energy, agribusiness, healthcare, tourism, and manufacturing.
Other new members added by the World Bank are Bill Anderson, CEO, Bayer AG Sunil Bharti Mittal, Chair, Bharti Enterprises, and Mark Hoplamazian, President & CEO, Hyatt Hotels Corporation.
