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Investing in Africa

Reeta Roy, CEO of Mastercard Foundation, defied critics and steered its $33 billion to help Africans solve the continent’s challenges

In 2007, a search firm contacted Reeta Roy, F89, with a surprising opportunity: Would she be interested in the top post at the year-old Mastercard Foundation? Roy, a corporate executive in Chicago, had never heard of the Toronto-based foundation, and its mission—to alleviate poverty by advancing education and microfinance—seemed unnervingly broad. Besides, finance wasn’t her specialty.

Still, she was intrigued. She would be the foundation’s fourth full-time employee. She would build the organization and its programs from the ground up.  

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