Former deputy governor of the Central Bank of Nigeria and presidential candidate, Kingsley Moghalu, has been named the new chairman of the board of directors of the Africa Private Sector Summit (APSS).
This organization is a non-profit, pan-African entity led by the private sector, with a mission to encourage trade and investment in Africa, with its headquarters located in Accra, Ghana.
In the announcement of Moghalu’s appointment, Mr. Judson Wendell Addy, the founder and current Chairman of APSS, stated that Moghalu’s “international leadership experience, credibility, and networks will help advance the goals of APSS, as we proceed with the roll-out of the draft charter on private sector development, rights and protection of the environment in Africa [Private Sector Bill of Rights], across all of Africa’s five geographic regions plus diaspora.”
He said the objective is “to strengthen the private sector in African countries, attract increased business investment to the continent, and make strong contributions to enable the private sector to actively drive implementation of the Regional Economic Communities (RECs] and the African Continental Free Trade Agreement (AfCFTA) protocols in collaboration with the Pan Africa Chamber of Commerce and Industry (PACCI), the Africa Busines Council (AfBC) and other stakeholders.”
Upon receiving his appointment, Moghalu expressed his gratitude for being selected to lead the APSS Board and pledged to “work hard with African companies, and other stakeholders including governments and international organizations to advance the critical role of the private sector in the structural transformation of African economies in the context of Africa’s economic integration and African Union’s Agenda 2063, our collective journey to the Africa we want.”