Through his Foundation, Dangote has made an unprecedented grant and seed contribution to GBCHealth of US$1.5mn over three years
Dangote Foundation and GBCHealth have joined forces to forge a new model of partnership, African Business Coalition on Health (GBCHealth) in Africa.
Chairman of Dangote Foundation, Aliko Dangote, shared plans to build an African Business Coalition on Health (ABCHealth), during the Bloomberg Global Business Forum, he was co-hosting, and which took place alongside the United Nations General Assembly this week in New York.
According to him, the African-led coalition of companies and philanthropists will seek to improve the health and well-being of Africans, both within the workplace and within the broader communities. He stated that the partnership will develop and deploy impactful health programs across Africa, deepening knowledge, building evidence for future investment and strengthening coordination among African philanthropists, business leaders, companies and local business networks.
The Coalition is building on the leadership, reputation and convening power of the Aliko Dangote Foundation and the experience, reputation and global reach of GBCHealth. Critical issues that will be the focus of the partnership ranges from nutrition to malaria, with priorities identified and agreed by local leadership.
Through his Foundation, Dangote has made an unprecedented grant and seed contribution to GBCHealth of US$1.5mn over three years as a call to action and a signal to the African business community of the importance of working together and investing in health.
“The time is ripe for the private sector to proactively demonstrate its value in partnering to lead a new era in development,” said Mr. Dangote. “The coalition can provide much-needed guidance to ensure activities and investments are driving results in areas where the private sector can have a real impact, focusing on holistic and integrated solutions that cross borders. We look forward to working with other business leaders as partners in development to drive this impact.”
Co-chair of GBCHealth’s Board of Directors, Aigboje Aig-Imoukhuede said, “This coalition brings together two heavyweights in the health and development arena”.
“Together we have an opportunity to demonstrate how investing in health and creating healthier populations, can help business maximise shareholder value, accelerate economic growth and make entry into new markets more feasible.”
The coalition will have five primary objectives over its first three years:
- Incubate partnerships on priority health programs to enhance and accelerate results;
- Work directly with companies to optimize workplace and community health programs;
- Advocate for policies and initiatives that drive system-level changes;
- Create a hub of data and insights specific to Africa and African business;
- Curate leadership events to convene and drive action around common health issues, across sectors.
The program will kick off in Nigeria and roll out through business regions in Africa and beyond over the next three years.
The continent currently has 400 companies with revenue of more than US$1bn per year, and these companies are growing faster, and are more profitable in general, than their global peers. Coupled with these fast-moving regional leaders, small and growing businesses create 80 per cent of the continent’s employment and are stoking the engines of growth.
