Member of the recently formed not–for-profit initiative The B Team, Strive Masiyiwa, Chairman of Econet Wireless, talks about the critical role of businesses investing for the long-term in nations themselves. This is critical for protecting shareholder value, and, he explains, is also vital for the people of Africa that the rule of law be established, and that corporations are a positive actor in that process. Masiyiwa discusses how, through “patience and faith,” Econet was able not only to defend and expand the profits of investors, but demonstrate to the world the ability of the Nigerian court system to render a just verdict — all while extending infrastructure critical to Africa’s growth and prosperity to the developing continent.
The B Team was formed by a group of global business leaders to create a future where the purpose of business is to be a driving force for social, environmental and economic benefit. The initial B Leaders include: Shari Arison, Sir Richard Branson, Kathy Calvin, Arianna Huffington, Mo Ibrahim, Guilherme Leal, Strive Masiyiwa, Dr. Ngozi Okonjo-Iweala, François-Henri Pinault, Paul Polman, Ratan Tata, Zhang Yue, Professor Muhammad Yunus and Jochen Zeitz. Joining The B Team as Honorary B Leaders are Mary Robinson and Dr. Gro Harlem Brundtland representing People and Planet.