The United States President’s Advisory Council on Doing Business in Africa (PAC-DBIA) has welcomed Raghu Malhotra, President of Mastercard Middle East and Africa, into its ranks.
Recognized as an important forum for dialogue between the US public and private sectors, the Council advises the President on ways to strengthen commercial engagement between the US and Africa. The appointment was announced at the Corporate Council on Africa US-Africa Business Summit in Maputo, Mozambique this June.
Malhotra will serve a two-year term on the PAC-DBIA, and joins other private sector leaders on the council. In his advisory role, he will draw on his expertise and understanding of African markets, where he has led Mastercard’s transition to being a pioneer in bringing new electronic payment solutions and services to the continent, helping to advance social progress and inclusive growth.
Malhotra holds a number of board and advisory positions across international markets. He sits on the board of directors of both the US-Africa Business Center.
He also sits as an observer on the board of directors for Network International, a company publicly listed on the London Stock Exchange and is a member of the World Economic Forum Africa Business Council.
“I am deeply honored to be selected to serve on the PAC-DBIA, and support its mission to help bridge the gap between the US and African public and private sectors,” he commented following his appointment.
“Africa is home to 54 countries, each at different stages of development, and is well-positioned for tremendous socio-economic growth. Both Mastercard and PAC-DBIA share a commitment to advance opportunities across the continent, and use technology to pave the way for a brighter, more inclusive future by unlocking its immense economic potential,” he said.