Dr James Mwangi, the Chief Executive Officer of Equity Group Holdings Plc has been appointed to the IFC board as an Economic advisor.
He joins a global board of fellow eminent economists, practitioners and thought leaders to offer leadership advice, innovative ideas and partnership to the world bank’s IFC or International Finance Corporation, which provides investment and advice to the private sector.
The first discussion in April was about the impact of disruptive technologies and accelerated market creation. A disruptive innovation in business is a technology that disrupts an existing market and value system, displacing leading firms, products and networks entirely.
Uber, Mpesa and Jumia Online Mall are examples of disruptive technologies. The invitation by IFC Vice president Hans Peter Lankes states that Dr Mwangi can add significant value to their mission and that sound economic and strategic advise is a new premium strategy for the IFC.
“That we are now recognized among global giants in innovation and subject of study in sustainable models of growth and success in global universities is humbling,” said Dr Mwangi.