Halima Aliko-Dangote Highlights Family Business Contribution to Global Economy

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Family-Owned Businesses,Global Economy,Dangote Industries Limited

Halima Aliko-Dangote, group executive director of Dangote Industries Limited, emphasized the significant, often overlooked, contributions of family-owned businesses (FOBs) to the global economy. Speaking at the Forbes Global CEO Conference, she stressed the resilience and growth potential of FOBs, highlighting shared values, governance policies, and reputation as key factors in their success.

November 24, 2024 10:47 pmHalima Aliko-Dangote, group executive director of Dangote Industries Limited , says family-owned businesses contribute significantly to the global economy in ways that are often overlooked.

Aliko-Dangote said success in family-owned businesses starts with shared values, goals, governance policies and alignment, adding that reputation is a component of “family capital”.

Highlighting the contribution of FOBs to the global economy, Halima said studies by Mckinsey showed that they account for more than 70 percent of global gross domestic product , generate annual turnovers of between $60 trillion and $70 trillion, and provide around 60 percent of global employment.

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