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Help Wanted: A Million Managers for Africa by 2013 - in Bloomberg Businessweek

Friday, January 18, 2013   (0 Comments)
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Bloomberg Businessweek's Alison Damast's Jan 18, 2013 article featuring an interview with GBSN CEO Guy Pfeffermann highlights the ambitions and challenges of the African Management Initiative.

 

"It’s a goal so ambitious it nearly seems unattainable, and it might very well be. The African Management Initiative (AMI), a group created last May by several prominent foundations and nonprofits, wants to create 1 million qualified and effective African managers by 2023 to help drive the continent’s economic growth. Accomplishing such a scale on a continent where top-quality business schools are in short supply will be an enormous challenge.

In a research report this month, the group found that Africa has only about 90 business schools offering an MBA, fewer than 10 of which measure up to international standards and most of which are less than 20 years old. (India, by contrast, has 1,500 business schools.) To date, the AMI has two corporate partners and funding from the Lundin Foundation and the Tony Elumelu Foundation, nonprofits that invest in African businesses. (The amounts have not been disclosed.) The severity of the management gap in Africa is daunting, says Guy Pfeffermann, the chief executive and chairman of the Global Business School Network, a nonprofit that works to improve the quality of business education in emerging markets, and a member of the AMI steering team.

Click here to read the full article



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