Even a bank serving the poorest communities can make big profits while making a difference in peoples’ lives and doing good for society, confirms new research from the University of Maryland’s Robert H. Smith School of Business.
Lemma W. Senbet is the William E. Mayer Chair Professor of Finance at the Smith School of the University of Maryland and the founding director of the school's Center for Financial Policy. He is also former Executive Director/CEO of the African Economic Research Consortium (AERC), the largest and oldest economic and research network in Africa, 2013-2020, and currently a member of the Distinguished Advisory Board of Brookings Africa Growth Initiative. Professor Senbet was Chair of the Finance Department, 1998-2006, and his tenure saw rapid transformation of the department into world class.
When the world needed a vaccine for COVID-19, corporations around the globe raced to develop one. Governments poured billions of dollars into drug companies to subsidize a speedy introduction of a safe and effective vaccine. And it worked. Less than 10 months later, people around the world started receiving the first shots.
In a recent webinar, "COVID-19 and the African Economies," Senbet discussed the pandemic and its staggering economic fallout, along with high-level policy experts from the IMF and World Bank.
SMITH BRAIN TRUST – The coronavirus pandemic is having an impact across industries, sectors and cultures, and prompting people around the world to pose questions and seek answers.
SMITH BRAIN TRUST – Growth across sub-Saharan Africa is expected to outpace global growth this year and next, and the reasons why accentuate the importance of economic diversification, says Maryland Smith’s Lemma Senbet.
SMITH BRAIN TRUST – Nineteen years ago, The Economist magazine took a sharp, critical eye to the continent of Africa, with a cover story that dubbed it “The Hopeless Continent.”
Professor Lemma Senbet at the University of Maryland’s Robert H. Smith School of Business has been appointed to the Distinguished Advisory Board of the Africa Growth Initiative at the Brookings Institution in Washington, DC.
Lemma Senbet, the William E. Mayer Chair Professor of Finance at the University of Maryland's Robert H. Smith School of Business, was recently appointed to serve on the advisory council of the Ethiopian Diaspora Trust Fund (EDTF). Senbet received the appointment from Abiy Ahmed, Ethiopia's prime minister.
Senior policymakers from Africa worked together to add rigor to international development decisions under the leadership of Lemma W. Senbet, who completed a five-year term as executive director of the African Economic Research Consortium in summer 2018.
Lemma Senbet, the William E. Mayer Chair Professor of Finance, has been appointed Executive Director of the African Economic Research Consortium (AERC), a premier economic policy research institution serving Africa. The Nairobi, Kenya-headquartered not-for-profit corporation is working to build a thriving community of well-informed economics researchers whose work can shape policies and boost economic development in sub-Saharan Africa.