Nigeria, April 25 -- President and Chief Executive Officer of Dangote Group, Alhaji Aliko Dangote, has been appointed to the World Bank's Private Sector Investment Lab.

His appointment is viewed as a strategic initiative that boosts private investment and employment in developing economies.

The announcement was made by the World Bank Group on Wednesday, April 23, as part of the Lab's expansion into a new operational phase focused on scaling up solutions to attract capital and create sustainable jobs in emerging markets.

Accepting the appointment, Dangote described it as both a privilege and a natural continuation of his commitment to economic transformation across Africa.

"I am both honoured and excited to accept my appointment to the...