Julius Mwale is a successful global African leader who has transformed a village into a sustainable metropolis. He is the Principal of the US $2 billion MMTC, which is based in Western Kenya, and has invested and mobilized over US $2 billion to build the new city with a 100% green concept. In his keynote speech at the Forbes Under 30 Summit Africa, Mwale emphasized the need for job creation and poverty reduction in Africa. He also pointed out the opportunities available in Africa brought about by the Africa Free Trade Agreement, which has three phases of implementation: trade and goods, intellectual property (IP), investment and competition, and third e-commerce. MMTC has expanded in 12 countries in Africa using an integrated model of smart city development, with a vision to build 18 smart cities and empower around 800 million people by 2050.
Mwale is a telecommunications engineer who founded and Chaired SBA Technologies Inc. in New York in the early 2000s. This biometric pioneer was key in enabling the establishment of mobile digital identity infrastructure, which became a secure foundation for digital money transfer services worldwide. Mwale currently sits on the boards of more than 20 companies in the Technology, Retail, Pharmaceutical, Health, Construction, Hospitality, Human Resources, Energy, and Engineering industries. His success story serves as an inspiration to young entrepreneurs in Africa who aspire to make a difference and create a better future. His commitment to creating sustainable solutions that empower people and protect the environment is a testament to his vision for a better world. His net worth is determined by how many people he has transformed from poverty.