Professor Kingsley Moghalu Appointed Chairman of Africa Private Sector Summit Board

Renowned Economist Professor Kingsley Moghalu Appointed Chairman of Africa Private Sector Summit Board

In a significant development for trade and investment in Africa, former Deputy Governor of the Central Bank of Nigeria and presidential candidate, Professor Kingsley Moghalu, has been appointed as the Chairman of the Board of Directors for the Africa Private Sector Summit (APSS). This pan-African, private sector-driven non-profit organization is headquartered in Accra, Ghana, and focuses on promoting trade and investment across the continent.

The announcement of Professor Moghalu’s appointment was made by Mr. Judson Wendell Addy, the founder and outgoing Chairman of APSS. He highlighted Professor Moghalu’s international leadership experience, credibility, and extensive networks as assets that will propel APSS’s mission forward. APSS is actively working on the implementation of a draft charter known as the Private Sector Bill of Rights, which seeks to strengthen the private sector in African countries, attract more business investments to the continent, and support the active role of the private sector in implementing Regional Economic Communities (RECs) and the African Continental Free Trade Agreement (AfCFTA) protocols. This initiative is a collaborative effort involving key stakeholders, including the Pan Africa Chamber of Commerce and Industry (PACCI) and the Africa Business Council (AfBC).

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Accepting his new role as Chairman of the Board, Professor Moghalu expressed his honor at the appointment and his commitment to working closely with African companies, governments, international organizations, and other stakeholders. His primary goal is to advance the vital role of the private sector in driving the structural transformation of African economies, particularly in the context of Africa’s economic integration and the African Union’s Agenda 2063, which outlines the collective vision for the continent’s future.

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