Page 32 - Forbes - Africa (March 2020)
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FORBES AFRICA
             COVER STORY • POWER WOMEN




                                                                   CLARE AKAMANZI,

           wasaverybadFirstLady[since]Ididn’tassume                RWANDA
           myactivitiesasFirstLady;Icontinuedtodo
           whatIhavebeendoing,evenbeforeImarried                   CEO, RWANDA DEVELOPMENT BOARD
           Samora[Machel];beforeImarriedMadiba                     Clare Akamanzi is a cabinet member of the
           [NelsonMandela].WhenImarriedMadiba,I                    Rwandan presidency serving under the stew-
           wasalreadywiththeUnitedNations(UN),I                    ardship of President Paul Kagame. On Febru-
           wasalreadyaspecialrepresentativewiththe                 ary 4, 2017, she was appointed executive di-
           secretary-generaloftheUN.                               rector and CEO of the Rwanda Development
                                                                   Board (RDB). She was born in Uganda to
              InMozambique,everybodyremembers                      Rwandan refugee parents in 1979.
           mytimeasministerofeducation.Theynever                   Akamanzi's career began in 2004 as a trade
           remembermeasaFirstLady.Inthiscountry                    diplomat at the World Trade Organization. She      over 15 years of experience in
           [SA],I’mknownassomeonewhohasbeen                        later transferred to the Rwandan embassy in        the promotion of foreign di-
           inthehumanitarianspace.Iestablishedthe                  London as the commercial diplomat. In 2006,        rect investment, private sector
           GracaMachelTrustfromSouthAfrica.What                    she returned to Rwanda and was appointed           growth, business environment
           Iwouldsay,isthatitsimplymadesense[for                   deputy director-general of the then Rwanda         reforms and her expertise in-
           me]tocontinuetochampionthecausesI                       Investment and Export Promotion Agency be-         cludes trade and investment

           haveembracedregardlessofbeingmarriedto                  fore transitioning to the RDB.                     policy and economic devel-
           someonewho,fromhisownmerit,wasinthe                     Under her current leadership, the board reg-       opment policy. Throughout
           highestpositionintheland.                               istered foreign and domestic investments           her term, she has established
                                                                   worth $2.46 billion in 2019, an increase of
              Fortunately,[MadibaandI]hadsucha                     22.6% from the previous year to support the        innovative projects to tack-
           maturerelationship,and[he]respectedall                  government's ambition to create 214,000            le youth unemployment, pro-
           myengagements.IwouldtravelwhereverI                     new jobs every year.                               mote tourism, small-medium
                                                                                                                      enterprises and stimulate ag-
           couldandsometimesevenwhenIwaswith                       The lawyer-turned-public administrator has         ricultural productivity.
           theAfricanPeerReview;hewouldcomewith
           metoallowmetodomyworkwhenIneeded
           todotwotothreeweeksinKenya.Wewent                                                                    When there’s talk about breaking
           togethertoKenya,andhestayed.Hewasretired                                                             ceilings in Africa, Folorunso Alakija
           atthattime.Hecontinued to do his work, and I                                                         is top of mind. She is a mother, wife,
           continuedtodomine.                                                                                   minister, philanthropist, author, an
                                                                                                                eight-time honorary doctorate, and
           Whatisnextfor‘MamaGraçaMachel’?                                                                      the definition of ‘self-made’.
           IwanttoconsolidatetheinstitutionsI                                                                   Alakija made a name for herself as
           established.Iwantthemtobestrongenoughto                                                              a fashion entrepreneur catering to
           allowmetogradually‘retirefromretirement’as                                                           West Africa’s elite before diverging
           Madibawouldsay.Myenergywillbereducing                                                                her business interests towards oil
           andbythetimeIdecideIwillnotbeatthehead                                                               prospecting and mining in 1993. The
                                                                                                                only billionaire on our list, she is the
           ofmyowninstitutions,Iwantthemtocarryon                                                               vice-chair of Nigerian oil exploration
           withoutfeelinganykindofdifferencebecause                                                             and production company, FAMFA
           ofmyabsence.Secondly,Iwouldalsoliketo                                                                Oil. The company holds a lucrative
           identifyagroupofyoungwomenwhomIcan                                                                   stake in one of the country’s most ex-

           feelIhadadirectimpact[with]toincreaseand                                                             tensive offshore discovery known as
           amplify‘those’facesand‘those’voices. I would                                                         the Agbami Oilfield.
           likethatsenseofcontinuity.                                                                           With a networth of $1 billion, she is
                                                                                                                one of only two female billionaires

           Whenyoueventually‘retirefromretirement’,                                                             in Africa.
           whatwillbeonyourbucketlist?                                                                          As managing director of the Rose of
           IjustneedtobeinaspacewhereIcanenjoy                   FOLORUNSO ALAKIJA,                             Sharon Group, Alakija attentively
                                                                                                                watches over her empire which spans
           thebeautyofnature,mygrandchildren,my                                                                 oil exploration, printing and real estate.
           friends;andperhapsbeabletoreflectandif                NIGERIA                                        By the same token, she equally directs
           there’sanythingI’dlike to share with the world,       EXECUTIVE VICE CHAIR,                          her efforts to plough back into society,
           perhapstowrite.                                       FAMFA OIL                                      purposefully exercising her respon-
                                                                 DAILY MANTRA: “Whatever is worth               sibility to bridge the gap between her
               – For the full interview, visit cnbcafrica.com    doing at all is worth doing well.”             fortunes and those less fortunate.





           28 |  FORBES AFRICA MARCH 2020                                                                                               FORBESAFRICA.COM
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