On 28th June 2018, Rwanda was once more at the epitome of a momentous milestone, as Strathmore Business School (SBS) launched the Global CEO Africa program. The program is designed for top-tier African Business leaders seeking to expand globally their organisation’s global reach. The launch convened top CEOs in Rwanda such as Betty Sayinzoga, CEO Saham Asurance, and Hannington Namara, CEO Equity Bank – Rwanda, under the thematic discussion, “Leveraging on Regional Integration for Economic Growth.”
The launch takes its timely course soon after the Africa Continental Free Trade Area (CFTA) agreement was signed by 44 African Member States on 21st March 2018, bringing together an estimated 1.2 billion people with a combined gross domestic product of more than USD$ 2 trillion. The draft agreement commits countries to remove tariffs on 90% of goods. This momentous milestone illustrates a positive trajectory towards making intra – African trade attractive and affordable. “It is time we came together for true social transformation. To build partnerships that will build an integrated Africa. At the heart of social capital transformation, is the education system,” said Dr. George Njenga, Dean – Strathmore Business School.
Rwanda has identified and curved a niche in developing an economic comparative advantage. On average, formal intra-African trade accounts for about 14% of total African trade. 46% of which is linked to manufactured products.
Making his key remarks, Hannington Namara CEO Equity Bank Rwanda explained that intra-African trade is an illustration that the country has great potential in the development of supply chains across the continent. Supplemented with an increase in productivity and competitiveness, the continent can create enough jobs for its young and urbanized population. “The journey must begin now, to think big and to create initiatives from Rwanda that go beyond Rwanda. If there is a Rwanda Agaciro, why can’t we spread it to be an African Agaciro,” said Mr. Namara.
The Global CEO program serves as a platform for African CEOs to strategically step back from the rapid pace of daily business to reflect on issues facing their companies while engaging with seasoned executives from distinct backgrounds, industries, and cultures. The program is delivered in collaboration with IESE Business School and Lagos Business School. Betty Sayinzoga CEO Saham Assurance Rwanda encouraged the CEOs to actively engage in unearthing the prospects the continent has, ‘’African challenges can only be addressed from an African perspective, and it is through this that we raise awareness on the opportunities that lie in Africa for Africans.”
The discussions of the day highlighted the recent and future opportunities for the Rwandan business landscape, through innovative strategic thinking. Rwanda’s steady economic growth continues to rank the country as a key frontier in the continents economic growth. In line with Strathmore Business School’s vision of building a premier business School across Africa that responds to the Leadership and Management needs of the continent, SBS seeks to support Rwanda’s efforts by building local skills and competencies.
Through the Rwanda Leadership Development Academy, Strathmore Business School focusses on building transformational leadership aimed at developing businesses and promoting individual skillsets. The business school provides executive education through corporate and individual training.
Click here for more information about the Global CEO Africa program.