Former Deputy Governor of the Central Bank of Nigeria, CBN, Professor Kingsley Moghalu, has been appointed chairman of the board of directors of the Africa Private Sector Summit, APSS.

Judson Wendell Addy, the founder and outgoing chairman of APSS, disclosed Moghalu’s appointment, stating that the “international leadership experience, credibility, and networks Moghalu possesses  will help advance the goals of APSS.”

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 and the African Continental Free Trade Agreement protocols in collaboration with the Pan Africa Chamber of Commerce and Industry, the Africa Busines Council and other stakeholders.”

Accepting his appointment, Moghalu said he is honoured to have been invited to chair the Board of APSS. He promised 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.”

APSS is a pan-African, private sector-led non-profit organization that promotes trade and investment in Africa with headquarters in Accra, Ghana.