Africa-Press – Botswana. The senator representing Lagos East, Tokunbo Abiru, has congratulated the Vice Chairman of Africa for Tropical General Investment Group, Farouk Gumel, on his appointment as Chairman of the board of directors of Botswana’s Sovereign Wealth Fund.
Gumel, who until recently served as Chairman of the Nigerian Sovereign Investment Authority, was named by Botswana’s President, Duma Boko, to head the multi-billion-dollar investment vehicle designed to diversify the country’s economy, create opportunities, and secure long-term prosperity for future generations.
In a statement issued in Abuja on Tuesday, Abiru described the appointment as “a landmark achievement.”
Praising Gumel’s track record in financial leadership, governance, and transparency, the Senate Committee Chairman on Banking, Insurance & Other Financial Institutions said he is the right man for the job.“This role is both historic and strategic for Botswana. Farouk’s visionary leadership and commitment to financial stability—proven during his instrumental role in the restructuring of Skye Bank and other national assignments—will be invaluable as Botswana charts a more diversified and sustainable economic future,” Abiru said.
“At a time when Nigeria is undertaking bold reforms to strengthen its financial institutions, this global recognition of Nigerian expertise reflects positively on our country and underscores the continent-wide impact of capable leadership.”
He concluded by wishing Gumel a successful tenure that would deliver lasting value to Botswana and serve as a model for other African nations.
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