Damilola Ogunbiyi Appointed Member Of Inaugural World Bank Investment Lab

The World Bank has listed Damilola Ogunbiyi, chief executive officer (CEO) of Sustainable Energy For All, among 15 leading CEOs and chairs who will make up the bank’s Private Sector Investment Lab.

Ogunbiyi joins the likes of Larry Fink, CEO of the world’s largest asset manager with over US$9.09 trillion in assets. She is not just the only Nigerian on the list but also the only African woman to be listed among the select CEOs.

The Lab was launched on June 22, 2023, with the urgency to concentrate on scaling transition finance, with an initial sectoral focus on renewable energy and energy construction.

In a statement on Monday, the Bretton Woods institution said the founding members have been charged with developing solutions to address the barriers to private sector investment in emerging markets.

According to the Bank, selected persons were based on the quality of their individual and combined expertise, leadership, and success in business and have also a proven level of commitment, to public and private collaboration to address global challenges and urgently scale development solutions.

The World Bank added that the Lab will begin work in the coming weeks while focusing on scaling transition finance in renewable energy and energy infrastructure at the early stage.