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Aliko Dangote Bags High-Profile ECOWAS Appointment, Sparks Continental Buzz
The Economic Community of West African States (ECOWAS) has named Alhaji Aliko Dangote, Chairman of the Dangote Group, as the inaugural Chairman of the newly launched ECOWAS Business Council (EBC).....KINDLY READ THE FULL STORY HERE▶
The announcement was made by Dr. Omar Touray, President of the ECOWAS Commission, during the 95th Ordinary Session of the ECOWAS Council of Ministers held on Wednesday in Abuja. The EBC is designed as an independent, private sector-led platform tasked with promoting economic growth and integration across the West African sub-region. Dr. Touray highlighted that Dangote’s appointment was due to his extensive business experience, which spans the ECOWAS region and the broader African continent. He emphasized that the move aligns with ECOWAS’s strategy to mobilize regional capital instead of relying on external funding. He referenced several investment forums hosted in West Africa this year, including Forum Senegal Invest, the West African Economic Summit in Nigeria, and the ‘Invest in District Savanes’ forum in Côte d’Ivoire, as evidence of growing intra-regional investment interest. Touray stated: “This growing appetite for investment within our region highlights the need to mobilize capital locally to strengthen our community, rather than depend on uncertain foreign investments. I am confident that with the leadership of investors like Alhaji Dangote, our regional private sector can drive development, given the right incentives and opportunities.” Through the EBC, ECOWAS aims to unite private sector stakeholders to deliberate on economic integration and regional development initiatives.
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