May 19, 2020

Filling the gap: building African managers for Africa

Africa
AMI survey
African Management Institution
educational institutions
Bizclik Editor
4 min
Filling the gap: building African managers for Africa

New research shows that Africa is lacking in high-quality managers with the skills and competencies to capitalise on the continent’s economic potential. Part of the problem lies in the type of management that does exist: the continent needs to produce managers that are suited for Africa’s requirements. 

The latest research by the African Management Institution (AMI) shows that the continent is severely lacking in managers with the skills to advance its economy.

Director of the University of Cape Town’s Graduate School of Business (GSB), Walter Baets, said:  “Africa is a continent that is going through an economic growth spurt and is brimming with talent but is tragically short of the skills needed to support this.”

The 2012 AMI survey, which drew from 50 in-depth interviews with individuals at 40 organisations across Africa, including employers, educators, thought leaders, training providers and more, showed that in Africa the overall efforts to develop high quality managers are entirely inadequate to meet the opportunities the next few decades will bring.

The report states that more young Africans are pursuing higher education, but too often the quality is low.

To address this, Baets believes that it is the responsibility of business schools to rebalance education in Africa, so that leaders acquire the necessary skills to develop inclusive business, and contribute to human and economic advancement.

He said: “Educational institutions need to question the type of training that is being provided. In confronting the lack of managers at home and in the rest of Africa, the continent needs institutions that take on the responsibility to ensure that we have capable managers who can perform to international standards and managers who are capable of dealing with the unique opportunities and challenges that set Africa apart from the rest of the world.

“ At the same time they need to establish the foundations for a strong economy and the continent’s progress.”.

The appetite for learning in Africa is clearly there. According to Bruce MacDonald who heads the Programme for Management Development at the UCT GSB, a two-week programme that runs twice each year, African delegates on the course have surged in the past decade.

As one of the GSB’s longest running short courses, PMD deliberately changed its focus in 2001 from serving a narrowly South African market, to rather encapsulate the needs of broader Africa. MacDonald says that the development of the sub-Saharan market for the PMD has been an enormously rewarding undertaking.

“We have built PMD into what is surely the most diverse management development programme in Africa. Anything up to 70 percent of the participants in any one group arrived from countries outside of South Africa’s borders.

“Up to 10 different African countries are represented at a time. The opportunity for sharing perspectives, cultural, personal, regional, occupational , is breathtaking.

“The fact that, according to the CIA World Factbook for 2012, there are 34 sub-Saharan countries with GDP growth rates higher than the fastest-growing European country (Norway at 3.1%), suggests that we have been backing a winning horse,” he said.  

PMD takes a general management focus, and aims to upskill and equip participants with the appropriate perspective to progress to general management level; to ensure that the programme remains attuned to the needs of delegates in an African business context, the focus is on practical implementation rather than theory formulation.

Presenters are well-qualified practitioners who can present from a perspective of both academic validity and practical on-the-ground experience.

MacDonald said that through this practical approach, which includes a post-course assignment to give delegates the opportunity to demonstrate the value of what they have gained from the programme, delegates report “measurable payback that has been realised far in excess of the cost of the programme – and in some instances provided a return of investment that is so spectacular that it probably beggars belief.”

The ‘Afropolitan’ approach PMD takes is something the GSB strives to uphold in all its programmes, and one that Baets believes African educational institutions need to take to see that the continent reaches its potential.

“We live in a society that yearns for new ideas, and solutions for growing social and environmental problems. It is here that universities contribute most.

“By saying that the GSB is part of an Afropolitan university and being committed to this vision, we have the opportunity to think about its position as an educational institution in the context of global movements and developments; it forces us to ask the tough epistemological questions about the role the university plays in post-colonial society. Africa needs African ways of doing things.”

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Jun 14, 2021

5 minutes with... Janthana Kaenprakhamroy, CEO, Tapoly

Tapoly
Insurance
Leadership
Digital
Kate Birch
3 min
Heading up Europe’s first on-demand insurance platform for the gig economy, Janthana Kaenprakhamroy is winning awards and leading with diversity

Founder and CEO of award-winning insurtech firm Tapoly, Janthana Kaenprakhamroy heads up Europe’s first on-demand insurance platform for the gig economy, winning industry awards, innovating in the digital insurance space, and leading with inclusivity.

Here, Business Chief talks to Janthana about her leadership style and skills. 

What do you do, in a nutshell?

I’m founder and CEO of Tapoly, a digital MGA providing a full stack of commercial lines insurance specifically for SMEs and freelancers, as well as a SaaS solution to connect insurers with their distribution partners. We build bespoke, end-to-end platforms encompassing the whole customer journey, but can also integrate our APIs within existing systems. We were proud to win Insurance Provider of the Year at the British Small Business Awards 2018 and receive silver in the Insurtech category at the Efma & Accenture Innovation in Insurance Awards 2019.

How would you describe your leadership style?

I try to be as inclusive a leader as possible. I’m committed to creating space for everyone to shine. Many of the roles at Tapoly are performed by women and I speak at industry events to encourage more people to get involved in insurance/insurtech. Similarly, I always try to maintain a growth mindset. I think it’s important to retain values to support learning and development, like reliability, working hard and punctuality.

What’s the best leadership advice you’ve received?

Build your network and seek advice. As a leader, you need smart people around you to help you grow your business. It’s not about personally being the best, but being able to find resources and get help where needed.

How do you see leadership changing in a COVID world?

I think the pandemic has proven the importance of inclusive leadership so that everyone feels supported and valued. It’s also shown the importance of being flexible as a leader. We’ve had to remain adaptable to continue delivering high levels of customer service. This flexibility has also been important when supporting employees as everyone has had individual pressures to deal with during this time. Leaders should continue to embed this flexibility within their organisations moving forward.

They say ‘from every crisis comes opportunity’, what opportunities do you see?

The past year has been challenging, but it has also proven the importance of digital transformation in insurance. When working from home was required, it was much harder for insurers to adjust who had not embedded technology within their operating processes because they did not have data stored in the cloud and it caused communication delays with concerned customers at a time when this communication should have been a priority, which ultimately impacts the level of customer satisfaction. This demonstrates the importance of what we are trying to achieve at Tapoly in driving digitalisation in insurance and making communication between insurers and distribution partners seamless. 

What advice would you give to your younger self just starting out in the industry?

Start sooner, don’t be afraid to take (calculated) risks and make sure you raise enough money to get you through the initial seed stage.

 

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