Amrote Abdella has been announced as the new regional director for Microsoft Corporation (NASDAQ:MSFT)’s 4Afrika Initiative, effective October 2015. Previously the director of Startup Engagement and Partnerships at 4Afrika, she takes over from Fernando de Sousa and affirms Microsoft Corp.’s commitment to Africa across the 54 countries.
In her new role, Abdella will oversee Microsoft’s investments in Africa, deepen Microsoft’s engagements on the continent and scale 4Afrika’s work across different markets.
“At Microsoft, our mission is to empower every person and organisation on the planet to do more,” Abdella said. “The 4Afrika Initiative is perfectly aligned to accelerate this for the African continent through locally relevant innovation, affordable access and skills development.”
Launched in February 2013, the 4Afrika Initiative has grown to empower over 273,000 small to medium-size enterprises, 76,000 youth, 20,000 government employees, and nine innovation hubs with access to technology, resources and world-class skills development.
“Creativity is what I love most about working in Africa and is what I hope to continue to help unlock and ignite across the continent — to see Africans not just being empowered by technology but also building innovative solutions relevant for our markets,” Abdella said.
“We are honored to have Amrote serving as the new regional director for the Microsoft 4Afrika Initiative,” said Ali Faramawy, corporate vice president for Microsoft Middle East & Africa. “Having worked with the initiative since its launch in 2013, Amrote has a deep understanding of both the continent and 4Afrika’s mission. Her wealth of firsthand, on-the-ground experience with startups, investors, government bodies and nonprofit organisations has given her insight into the exact challenges and opportunities we’re focusing on through 4Afrika. We are confident in her ability to move the initiative forward and refocus our efforts.”
Before joining Microsoft, Abdella worked for, among others, the World Economic Forum, the World Bank Group, the Hunger Project and the Grameen Foundation. In her experience she has focused on financial services, policy guidance and economic development for Africa.
Abdella holds a B.A. in political science from Davidson College in North Carolina, and an M.A. in international economics development from Brandeis University in Massachusetts. (Original Source)
Shares of Microsoft closed last Friday at $47.51. MSFT has a 1-year high of $50.05 and a 1-year low of $39.72. The stock’s 50-day moving average is $44.66 and its 200-day moving average is $45.14.
On the ratings front, Microsoft has been the subject of a number of recent research reports. In a report issued on October 16, FBR analyst Daniel Ives reiterated a Buy rating on MSFT, with a price target of $53, which implies an upside of 11.6% from current levels. Separately, on October 12, UBS’s Brent Thill reiterated a Buy rating on the stock and has a price target of $52.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Daniel Ives and Brent Thill have a total average return of 3.9% and 12.9% respectively. Ives has a success rate of 50.9% and is ranked #879 out of 3788 analysts, while Thill has a success rate of 68.4% and is ranked #100.
Overall, 2 research analysts have rated the stock with a Sell rating, 5 research analysts have assigned a Hold rating and 12 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $52.67 which is 10.9% above where the stock closed last Friday.