Dangote Foundation pledges $100m for malnutrition

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 wellbeing 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$ 1.5 million 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 Dangote.

“The   coalition can provide much needed guidance to ensure activities and   investments are driving results in areas where the private sector can have   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 maximize 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.

Africa currently has 400 companies with revenue of more than $1   billion 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% of the   continent’s employment and are stoking the engines of growth.

Against this backdrop, according to Dangote, there’s a new cadre of   responsible business leaders and philanthropists who understand the value and   promise of sustainable large-scale investments in African countries, and are   poised to make an even bigger impact on the continent’s people and economies.

In her comments, CEO of the Dangote Foundation, Zouera Youssoufou, said   “GBCHealth has a strong track record of bringing diverse groups together to   improve the health wellbeing of communities. We look forward to collaborating   to build an African business community united as a force for healthier and   more inclusive development.”

 

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