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Dr. James Mwangi, CEO of Equity Group, joins the World Bank's High-Level Advisory Council on Jobs to address global unemployment challenges, with a focus on Africa's youth and women. Learn about his role in shaping policies for sustainable job creation and economic growth.

Details of James Mwangi's new role at World Bank High-Level Advisory Council | Pulselive Kenya

Denis Mwangi

Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings has been appointed to the World Bank Group&rsquo;s newly established High-Level Advisory Council on Jobs.&nbsp;

The council, launched during the 2024 World Bank Group-IMF Annual Meetings in October, aims to address the global challenges of job creation, particularly for youth and women in emerging and developing economies.

Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings

The Council will be co-chaired by Tharman Shanmugaratnam, President of Singapore, and Michelle Bachelet, former President of Chile.

It brings together 14 global leaders, including policymakers, business executives, and academics, to provide strategic recommendations to tackle unemployment and foster sustainable economic growth.

The initiative comes as the world faces a demographic shift, with 1.2 billion people in the Global South expected to reach working age within the next decade.

Alarmingly, only 420 million jobs are projected to be available, leaving <a target="_blank" class="editor-link" href="https://www.pulselive.co.ke/business/international/6-african-countries-with-the-highest-unemployment-rates/nm6nldt.amp">nearly 800 million young people without employment opportunities</a>.

Speaking on his appointment, Dr. Mwangi emphasised the critical role of job creation in driving economic transformation in Africa.

<blockquote>I'm honoured to have been asked to serve on the World Bank Global Jobs Council, in order to support the creation of jobs for the young people of Africa.</blockquote>

Dr. Mwangi also highlighted Equity Group&rsquo;s Africa Recovery and Resilience Plan, which aims to create 50 million jobs across the region by 2030.

Dr. James Mwangi, Group Managing Director and CEO of Equity Group Holdings has been appointed to the World Bank Group’s newly established High-Level Advisory Council on Jobs. 

The Council, which will convene bi-monthly over the next two years, will interact closely with senior World Bank management to ensure the scalability of its recommendations.

Dr. Mwangi’s appointment reflects his<a target="_blank" class="editor-link" href="https://www.pulselive.co.ke/business/domestic/forbes-africa-owners-honour-dr-james-mwangis-19-year-success-as-equity-ceo/t9889y4"> decades-long commitment to inclusive finance and economic empowerment</a>.&nbsp;

Under his leadership, Equity Group has transformed into a financial powerhouse, serving over 22 million customers with a market capitalisation of $1.4 billion.&nbsp;

Recognised globally for his visionary approach, Dr. Mwangi has earned accolades including the Ernst &amp; Young World Entrepreneur of the Year in 2012 and a place on the Bloomberg 50 list in 2019.

The Council's work is expected to address structural barriers to employment and provide scalable solutions for economic inclusion, underscoring the World Bank&rsquo;s commitment to combating poverty through job creation.

<ul><li>Guy Ryder - Under Secretary General for Policy at the United Nations</li></ul>

<ul><li>Patrick Achi - Former Prime Minister of Côte d'Ivoire</li></ul>

<ul><li>Sebastien Bazin - Group Chairman and CEO of Accor Group</li></ul>

<ul><li>Nonkululeko Nyembezi - Chairman of Standard Bank Group</li></ul>

<ul><li>Preetha Reddy - Executive Vice President of Apollo Hospitals Enterprise Limited</li></ul>

<ul><li>Mostafa Terrab - Chairman and CEO of OCP Group</li></ul>

<ul><li>Marianne Bertrand - Distinguished Professor of Economics at the University of Chicago Booth School of Business</li></ul>

<ul><li>Madhav Chavan - Co-founder and President of Pratham, one of India's largest education organizations</li></ul>

<ul><li>Marcela Eslava - Professor of Economics at Universidad de Los Andes, Bogota, Colombia</li></ul>

<ul><li>Fang Cai - Chief Expert at the National Think Tank at the Chinese Academy of Social Sciences</li></ul>

<ul><li>Nicola Galombik - Head of Yellowwoods Group</li></ul>

<ul><li>Roxana Maurizio - Researcher and professor at the University of Buenos Aires Institute of Economics</li></ul>

<ul><li>Denis Minev - Angel investor in Amazon projects</li></ul>

<ul><li>Rohini Pande - Henry J. Heinz II Professor of Economics and Director of the Economic Growth Center at Yale University</li></ul>

Equity Group CEO & MD James Mwangi has been tapped for a World Bank initiative addressing jobs as one of the world’s most pressing challenges.

Details of James Mwangi's new role at World Bank jobs initiative

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