DAR ES SALAAM, Tanzania — Oct. 9, 2013 — Microsoft Corp. on Wednesday unveiled the 4Afrika Advisory Council, an external board of advisers tasked with guiding strategic investments undertaken by the Microsoft 4Afrika Initiative across the continent and ensuring 4Afrika is closely aligned to broad African development goals. His Excellency Benjamin Mkapa, former president of the United Republic of Tanzania chairs the board, and Mteto Nyati, managing director of Microsoft South Africa, serves as the vice chair.
The Microsoft 4Afrika Initiative was introduced in February 2013 as an effort through which the company is actively engaging in Africa’s economic development to improve its global competitiveness. To help ensure the initiative meets its critical goals, Microsoft 4Afrika chose to form the 4Afrika Advisory Council to solicit external input and guidance from a respected group of regional influencers.
Other members of the 4Afrika Advisory Council include Juliana Rotich, executive director for Ushahidi and senior TED fellow from Kenya; Hanan Abdelmeguid, CEO of Orascom Telecom Ventures in Egypt; Bright Simons, social innovator, entrepreneur, writer and researcher in Ghana; Florence Iwegbue, co-founder LiveWello LLC in Nigeria; Marieme Jamme, Senegalese-born and London-based CEO, blogger, technologist and social entrepreneur; Luís Lélis, executive director at Banco Angolano de Investimentos in Angola; Phuti Mahanyele, CEO of Shanduka Group in South Africa; Richard Attias, founder of The New York Forum and Moroccan events producer; Benjamin Mophatlane, CEO of Business Connexion in South Africa; and Monica Musonda, CEO of Java Foods and board member of the Bank of Zambia. Louis Otieno, director of Legal and Corporate affairs for Microsoft Africa, will serve as the council secretary.
“I am deeply honored to chair the 4Afrika Advisory Council and to represent this prestigious group of council members because we all believe deeply in Microsoft 4Afrika’s mission to help Africa improve its global competitiveness,” Mkapa said. “Together with the Microsoft team, we look forward to helping to grow African leaders, encourage and support African businesses and highlight African innovation here on the continent and on the world stage.”
The council had its first meeting Oct. 4, 2013, in Dar es Salaam, Tanzania. At this meeting, the council discussed topics relevant to advancing the 4Afrika mission, including the importance of developing strategies that address both rural and urban youth populations, the role of teachers as content creators, and approaches to building sustainable models for growth of African entrepreneurs and small businesses.
In addition, to ensure that the critical voices of African youth are heard, the council made provisions for four additional slots on the 4Afrika Advisory Council, to be occupied by youth leaders from the continent. Candidates were selected from existing African youth leadership groups, including U.S. President Obama’s Young African Leaders Initiative, the African Leadership Network, the African Leadership Initiative, the Desmond Tutu Leadership Fellowship Program and the World Economic Forum’s Forum of Young Global Leaders. Nominees will be contacted in the coming weeks with formal invitations to join the 4Afrika Advisory Council.
“As established influencers and innovators in Africa, we know that this group composing the 4Afrika Advisory Council will make highly impactful contributions to Microsoft 4Afrika’s efforts to shape development priorities across the continent with the use of technology as an enabler,” Nyati said. “Not only will the group help Microsoft 4Afrika to understand and engage in existing areas of untapped potential, but we are confident it will also help us break new ground within the initiative’s targeted sectors, including healthcare, education and small business enablement.”
The council will meet in person twice annually and will also hold regionally focused meetings at other times in the year. The council members have also committed to contribute to 4Afrika efforts in capacity-building with African youth leaders.
The Microsoft 4Afrika Initiative is built on the dual beliefs that technology can accelerate growth for Africa and Africa can also accelerate technology for the world. More information is available at http://www.microsoft.com/4afrika.
Founded in 1975, Microsoft (Nasdaq “MSFT”) is the worldwide leader in software, services and solutions that help people and businesses realize their full potential.Note to editors: For more information, news and perspectives from Microsoft, please visit the Microsoft News Center at http://www.microsoft.com/news. Web links, telephone numbers and titles were correct at time of publication, but may have changed. For additional assistance, journalists and analysts may contact Microsoft’s Rapid Response Team or other appropriate contacts listed at http://www.microsoft.com/news/contactpr.mspx.
Microsoft Corporation (MSFT), valued at $275.97B, opened at $33.06.
Looking at the stock, its one day range is $33.01 to $33.35 with its 52-week range being $26.26 to $36.43.
MSFT shares are currently priced at 12.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s -11.33x earnings multiple.
And for passive income investors, the company pays shareholders $1.12 per share annually in dividends, yielding 3.30% .
Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.55 per share, which would be $0.02 better than the year-ago quarter but a $0.13 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $2.72, which would be $0.07 better when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $17.83 Billion. If reported, that would be a 11.37% increase over the year-ago quarter.
Stifel downgraded (MSFT) from Buy to Hold (Aug 13, 2013).
Previously, Standpoint Research downgraded (MSFT) from Buy to Hold. Standpoint Research upgraded (MSFT) from Hold to Buy.
When considering if the stock is under or overvalued, the average price target is $34.44, which is 4.17% above where the stock opened this morning.
Microsoft Corporation (NYSE:MSFT), develops, licenses and supports software, services and hardware devices worldwide. Its is most well known for it’s many Microsoft Operating System, numerous Office Programs, Bing and the various Xbox gaming systems.
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