African Leadership Network (ALN) is pleased to announce that online applications have just opened for the inaugural 2016 Africa Business Fellowship (ABF), an initiative of ALN, Econet, and Management Leadership for Tomorrow (MLT) and Milken Institute. Successful applicants will be US citizens or permanent residents. Most will be between the ages of 25 and 35, although candidates of all ages will be considered. They will be paired with leading-edge African companies, providing unprecedented exposure to one of the world’s most exciting emerging markets. Online applications must be completed on or before November 9th, 2015, and further details regarding the fellowship, application procedures, as well as the necessary qualifications of prospective fellows can be found at www.africabusinessfellowship.com.
Beginning in June 2016, fellows will be placed in top African-led companies for a period of up to 6 months. They will have access to peer mentorship and a senior-level sponsor, participate in topical seminars, retreats, and social activities, and gain familiarity with local culture. Fellows will also have the opportunity to build lasting relationships with influential African executives throughout the duration of the program and at the prestigious annual gathering of the African Leadership Network in November.
The Africa Business Fellowship represents a radically different approach to intercultural exchange – one that sheds light on Africa’s contributions to shaping global business practices. Last year, Africa was one of the fastest growing regions in the world, with respect to economic indicators. Global foreign investment currently outstrips official aid; entrepreneurs and investors are increasingly looking for ways to connect with the continent’s potential.
“This fellowship will play an integral role in strengthening business relations between Africa and the US,” outlined Fred Swaniker, co-founder of the African Leadership Network. “It will help achieve ALN’s mission of powering Africa’s prosperity. The Africa Business Fellowship will develop leaders who have a deep understanding of—and affinity for—business in Africa.”
The Africa Business Fellowship aims to forge uniquely strong links to the sectors driving Africa’s dynamism, including agribusiness, financial services, healthcare, manufacturing, pharmaceuticals, telecommunications, wholesale and retail trade. Partner companies in Africa include Dangote Group, Dannex Limited, Econet, Hollard, Interswitch, Orbit Chemical Industries, Safaricom, SizweNtsalubaGobodo and TBL Mirror Fund, among others.
Econet is a diversified global telecommunications group with operations and investments across a dozen African countries, Europe, North America, Latin America and the Asia Pacific. Its businesses include mobile network operations, fibre optic services, satellite communications, data centres and transaction processing. The group also has interests in renewable energy, financial services and hospitality.
African Leadership Network (ALN) is a membership community of the most dynamic and influential new-generation leaders in Africa. ALN creates and strengthens relationships between these leaders to encourage intra-African trade, investment, and collaboration. ALN offers opportunities for members to build relationships with one another year-round, including events (such as the flagship Annual Gathering, taking place in a different African city each November) and exclusive networking tools. ALN also invests in and celebrates entrepreneurship in Africa through ALN Ventures and the Africa Awards for Entrepreneurship.
Management Leadership for Tomorrow (MLT) is a non-profit organization that is changing the face of leadership in the private and social sectors. MLT provides high-potential underrepresented minorities with the winning professional playbook, one-on-one coaching and door-opening relationships that accelerate their career paths to the highest levels. MLT has created a thriving network of more than 4,000 rising leaders and is fundamentally transforming the diverse talent pipelines at its partner organizations, including more than 100 leading corporations, nonprofits and graduate business schools.
Milken Institute is a nonprofit, nonpartisan think tank determined to increase global prosperity by advancing collaborative solutions that widen access to capital, create jobs and improve health. Through its research and global meetings, the Institute is spotlighting African economic growth and development and working with stakeholders to catalyze investment and develop innovative solutions to strengthen the region’s capital markets.