Monday, January 6, 2014
Dr. Jendayi E. Frazer Joins the Board of The MasterCard Foundation
Dr. Jendayi E. Frazer has been appointed to the Board of The MasterCard Foundation, an independent, global organization with over $9B in assets. The Foundation’s programs promote financial inclusion and advance youth learning, mostly in Africa. Established by MasterCard Worldwide, the Foundation is run as a separate entity; its Board of Directors is responsible for its policies, operations, and funding decisions.
“Dr. Frazer’s in-depth knowledge of Sub-Saharan Africa combined with her personal commitment to the continent’s development makes her a valuable addition to the Foundation’s Board of Directors,” said Lois Juliber, Chair of the Board of The MasterCard Foundation.
During her tenure in government, U.S. assistance to Africa quadrupled reaching an historic high of $6.7 billion by 2008. Frazer was instrumental in establishing some of the U.S. government’s signature initiatives including the President’s Emergency Plan for AIDS Relief (PEPFAR), the African Education Initiative, as well as the Millennium Challenge Account.
In addition to her Carnegie Mellon positions as professor and CIPI Director, Frazer is also an Adjunct Senior Fellow for Africa Studies at the Council on Foreign Relations, the Founder, President, and CEO for 50 Ventures, LLC, and Managing Partner of Africa Exchange Holdings Company (AFEX). She also has worked with the Mo Ibrahim Leadership Fellows Program.
“I am both honoured and excited to join The MasterCard Foundation’s Board of Directors,” said Frazer. “The Foundation’s programs provide access to education and finance to empower Africans to improve their lives and build Africa’s prosperity. I look forward to contributing to this important work.