The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies.

In 2023, Mark Carney, the Prime Minister of Canada, co-chaired the Private Sector Investment Lab, which focused on attracting £1 trillion in sustainable investment to support the energy transition in emerging markets.

In a statement confirming his acceptance, Dangote reaffirmed his commitment to fostering sustainable economic growth through private sector-led investment, noting the transformative potential of such initiatives in developing 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,” the African industrialist 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.”

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

Joining Dangote in the elite 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 said the expanded membership brings together business leaders with proven track records in generating employment in developing economies—supporting the Bank’s sharpened 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,” said World Bank Group President Ajay Banga. “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 said that over the last 18 months, the Lab brought together leaders from global financial institutions to identify the most pressing barriers to private sector investment in developing countries and to test actionable solutions.

The statement said that the work had now been consolidated into five priority focus areas that were being integrated across the bank operations, including regulatory and policy certainty.

The Lab’s founding members included senior executives from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group. The Lab is chaired by Shriti Vadera, Chair of Prudential plc.

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 the largest taxpayer in Nigeria—contributing more in taxes than all of Nigeria’s banks combined. It is also the country’s largest employer after the government.

The $20 billion Dangote Petroleum Refinery & Petrochemicals, the Group’s flagship project, stands as the largest single private investment in Africa.

In addition to his business interests, Dangote leads the Aliko Dangote Foundation (ADF), the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor. The Foundation primarily focuses on child nutrition, while also supporting interventions in health, education, empowerment, and disaster relief.

The Governor of Ogun State, Prince Dapo Abiodun, CON, has congratulated real‑estate titan, and Chairman/CEO, ADRON Homes & Properties, Aare Adetola EmmanuelKing, on his 50th birthday.

“Reaching fifty in good health and remarkable professional standing is a testament to God’s grace,” the governor said in a statement he personally signed.

Governor Abiodun lauded Aare Adetola’s “exceptional journey and unwavering commitment to excellence,” noting that ADRON Homes has expanded under his leadership from modest beginnings to a leading national developer that has broadened access to home-ownership for countless Nigerians.

“As governor of your home state, I am proud of your accomplishments,” Governor Abiodun added.

The Governor highlighted Aare Adetola’s deep‑rooted investment in people and the local economy, describing it as a reflection of faith in Nigeria’s limitless potential. He credited the celebrant’s “strategic foresight and community‑driven initiatives” with lifting the country’s real‑estate sector to new heights.

On behalf of his family and the people of Ogun State, Governor Abiodun wished EmmanuelKing continued health, wisdom, and impact, extending heartfelt congratulations to his family, friends, and associates on this golden jubilee milestone.

The funeral for Pope Francis will be held on Saturday, the Vatican announced on Tuesday, as world leaders from US President Donald Trump to Ukraine’s Volodymyr Zelensky said they would attend to honour the Catholic leader.

The Argentine pontiff, 88, died on Monday from a stroke, less than a month after returning home from five weeks in hospital battling double pneumonia.

His funeral, which is expected to draw huge crowds, will take place at 10:00 am (0800 GMT) on Saturday in the square in front of St Peter’s Basilica at the Vatican.

Francis’s coffin — which he previously ordered should be of wood and zinc — will then be taken inside the church and from there to the Rome basilica of Santa Maria Maggiore for burial.

The date was set by the first so-called “general congregation” of cardinals on Tuesday morning, which kicked off a centuries-old process that culminates in the election of a new pontiff within three weeks.

Earlier, the Vatican published the first images of the pontiff in his open coffin, ahead of its transfer to St Peter’s Basilica on Wednesday at 9:00 am (0700 GMT), to lie in state.

The pope’s body was photographed during a service Monday evening in the chapel of Casa Santa Marta, the Vatican residence where he lived during his 12-year papacy, and where he died.

Francis was wearing his red papal vestments, a mitre on his head and had a rosary between his fingers.

Tributes have poured in from around the globe for Francis, a liberal reformer who took over following the resignation of German theologian Benedict XVI in 2013.

His home country, Argentina, prepared for a week of national mourning while India began three days of state mourning on Tuesday — a rare honour for a foreign religious leader in the world’s most populous nation.

Heads of state and royalty are expected for his funeral, due to be held at St Peter’s Basilica, with Trump and France’s Emmanuel Macron the first to announce they would attend.

On Tuesday, a source at the Ukrainian presidency told AFP that Zelensky, too, would come to Rome.

Cardinals of all ages are invited to the congregations, although only those under the age of 80 are eligible to vote for a new pope in the conclave.

The conclave should begin no less than 15 and no more than 20 days after the death of the pope.

Simple tomb

The pope’s body was moved into the Santa Marta chapel on Monday evening, and his apartment formally sealed, the Vatican said.

Francis, who wore plain robes and eschewed the luxury of his predecessors, has opted for a simple tomb, unadorned except for his name in Latin, Franciscus, according to his will released Monday.

In chosing to be buried in Rome’s Santa Maria Maggiore basilica, he will become the first pope in more than 100 years to be laid to rest outside the Vatican.

His death certificate released by the Vatican said Francis died of a stroke, causing a coma and “irreversible” heart failure.

He had been discharged from Rome’s Gemelli hospital on March 23 and ordered to spend at least two months resting.

But Francis, who never took a holiday and delighted in being among his flock, made numerous public appearances in recent days.

He appeared exhausted on Sunday during the Easter celebrations, but nevertheless greeted the crowds in his popemobile in St Peter’s Square.

Argentine football great Lionel Messi hailed his compatriot — himself a huge fan of the beautiful game — for “making the world a better place”.

On Monday evening, thousands of faithful, some bringing flowers or candles, flocked to St. Peter’s Square at sunset to pray for Francis.

He “tried to get people to understand it doesn’t matter your sexual orientation, your race, it doesn’t matter in the eyes of God”, Mateo Rey, 22, a Mexican student, told AFP.

“I think that’s the closest to what Jesus intended.”

Born Jorge Bergoglio, Francis was the first pope from the Americas and the first Jesuit to lead the worldwide Catholic Church.

An energetic reformer, he sought to open the Church to everyone and was hugely popular — but his views also sparked fierce internal opposition.

In 12 years as pope, Francis advocated tirelessly for the defence of migrants, the environment, and social justice without questioning the Church’s positions on abortion or priestly celibacy.

Outspoken and stubborn, Francis also sought to reform the governance of the Holy See and expand the role of women and lay people, and to clean up the Vatican’s murky finances.

Faced with revelations of widespread child sex abuse in the Church, he lifted pontifical secrecy and forced religious and lay people to report cases to their superiors.

However, victims’ groups said he did not go far enough.

AFP