Foundation announces initiative to boost economic governance in Africa

The Aig-Imoukhuede Foundation has announced the launch of the pan-African initiative aimed at making excellence in public policy for sustainable economic transformation across the African continent.

Aig-Imoukhuede is pursuing the initiative in partnership with leading strategic partners like the Africa CEO Forum, Mohammed VI Polytechnic University (UM6P), the Arab Bank for Economic Development in Africa (BADEA), and the African Export-Import Bank (Afreximbank).

According to a statement by the Management,  Aigboje Aig-Imoukhuede, the Founder of  Aig-Imoukhuede Foundation, said the initiative responds to an obvious fact: despite nearly two decades of almost uninterrupted growth, “Africa continues to suffer from a deficit in public services which significantly inhibits its economic development and the quality of life of its 1.4 billion inhabitants.

“This initiative aims to bridge the gap by putting sound economic governance at the core of Africa’s development agenda.

“The initiative’s primary objective will, therefore, be to promote excellence in African public policy among some 50 high-potential young civil servants from across the continent each year, drawing inspiration from concrete examples of global success, such as Brazil, which has created a universal healthcare system while digitizing its public services; Indonesia, which has become a global leader in nickel, thanks to a local transformation strategy; and India, which has revolutionized financial inclusion with its Aadhaar digital identity program”.

Aig-Imoukhuede Foundation further explained that the initiative will also focus on building a pan-African network of young public decision-makers who share a common vision of public service, excellence and the ambition to help make big projects, like the enhanced implementation of the African Continental Free Trade Area (AfCFTA).

“In addition to the willingness to work together to deal with challenges of demographics, climate, and industrialisation, the initiative also seeks to make public leadership the main economic infrastructure on the continent.

Aigboje Aig-Imoukhuede further stated that “the human capital of Africa’s public sector is one of the continent’s most underutilised resources. Training, equipping, and empowering public sector leaders is a vital mission. Through this initiative, we are joining forces to build a high-performing, citizen-focused public service, driven by results.

“Founded in 2020, the Aig-Imoukhuede Foundation is a pan-African philanthropic organisation dedicated to transforming Africa’s public sector.

“It envisions a continent where every citizen can pursue their aspirations, contribute to their community’s development, and live a healthy, productive life.

Through targeted investments in the training of senior public officials, public policy improvement, and innovation in service delivery, the foundation partners with African governments and institutions to build more effective, transparent, and impact-driven public administrations,” the statement noted.

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