Youth key to Africa’s economic future – Mahanyele




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Screen-Shot-2012-12-18-at-9.14.10-AMBusinesswoman extraordinaire and CEO of billion-dollar African investment holding company Shanduka group, Phuti Mahanyele has placed as priority for acceleration of business partnerships and investments in Africa, and of the continent’s teeming youths.
She responding to question of former US president Bill Clinton who moderator of a panel on expanding opportunities in Africa at just concluded US-Africa Business Forum sponsored by Bloomberg Philanthropies and U.S. Department of Commerce In Washington DC.
Clinton had asked the 2009 Financial Services’ “Most Influential Woman in Government and Business” on what could be done to boost business and create jobs in Africa; Phuti pointed to the stats, “Fifteen to 25-year-olds in Africa make up 60 percent of the population of the continent (Africa) today”.
The issue, she added, making sure this outstanding segment of the Africa society gets the they to be able to contribute towards the continued growth of Africa’s economy. To achieve this, the 43 year old black female CEO averred, African companies have to seek and go into international business partnerships would have a direct and positive impact on their youths, exampled by her company- Shanduka’s partnership with McDonald’s and Coca-Cola.[eap_ad_2]
“With McDonald’s today we employ 11,300 people in Africa. And what we’ve done is to focus on educating and employing coming into our business. And so, what we do is we have a significant focus on .”
An active World Economic Forum Young Global Leader and mentor to young Africans, Ms Mahanyele makes the case for Africa’s business perspective to be focused on and of thus ensuring the continent, going forward, has the to keep economic growth and development moving forward. is from this perspective, she enthuses, “ we (Africans) will then have the capability to be able to continue to grow our economies in a manner we to do”.
One of the most respected figures in the corporate world, Phuti Mahanyele joined Shanduka group in 2004 as the Managing Director of Shanduka Energy prior to which she the head of the Project Finance Africa business unit at the Development Bank of Southern Africa.
Reportedly headhunted by business mogul Cyril Ramaphosa, Phuti was, after serving as the group’s MD for a of years, appointed Shanduka’s CEO. She is also a member of the boards of a of Shanduka Group investee companies. The company owns the controlling stake in McDonalds SA and is also in partnership with Coca-Cola. (VENTURES AFRICA)[eap_ad_3]