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U.S. and Djibouti Hold First Strategic Dialogue

Just ten months after the historic Oval Office meeting between President Obama and President Guelleh of Djibouti, the two countries last week held the inaugural Strategic Dialogue in Washington, DC.  The announcement of a “strategic partnership” came last May when the two sides agreed to a ten-year lease extension for the Camp Lemonnier military base, … Continue Reading

Accelerating the Use of Geothermal Power in East Africa

Last week, London-based firm EnergyNet held its “Powering Africa Summit” in Washington.  The Summit, opened by U.S. Secretary of Energy Moniz, attracted project developers, equipment suppliers, financiers, the U.S. Government’s Power Africa team, and African government officials. Unfortunately, due to the African Union Summit that was being held at the same time in Ethiopia, no … Continue Reading

Fighting Corruption to Achieve Security

On October 23, 2014, Assistant Attorney General for the Criminal Division of the United States Department of Justice, Leslie Caldwell, described the fight against corruption as “a necessary enforcement action to protect our own national security interests and the ability of our U.S. companies to compete on a global scale.”  These comments not only apply … Continue Reading

African private equity: a building momentum with those who have the faith.

With certain developed economies such as the UK and US throwing out a seemingly ever greater volume of “can you believe it” data apparently evidencing a resounding rebound out of the Great Recession, and the seemingly un-tameable bull of western equities markets appearing to charge ever stronger, it’s perhaps unsurprising that investors pause to take … Continue Reading

Key Takeways from IMF’s “Africa Rising” Conference

At the end of May in Mozambique’s capital city of Maputo, the International Monetary Fund (IMF) and government of Mozambique hosted a two-day conference involving leaders from a broad spectrum of government, non-governmental organizations, and the private sector, with attendees hailing from across the continent and globe.  The theme of the conference — “Africa Rising” … Continue Reading

Tunisia’s Path to Post-Revolution Elections

Since passing its new constitution in January 2014—which has been described by some as one of the most progressive in the region—Tunisia has continued its post-revolution transition to a permanent government.  Most recently, in early May 2014, Tunisia’s 217-member National Constituent Assembly approved a new electoral law.  In addition to requiring male-female parity in party … Continue Reading

East Africa: A Hotspot for Private Equity

African private equity (“PE”) presents a complex and rapidly evolving picture.  Still a nascent industry, particularly when compared to more established emerging markets for private investment, African PE is seeking a toe-hold in an ever-changing continent.  Susceptible both to the buffeting effects of global economic headwinds and local challenges such as lumpy pipelines of suitable … Continue Reading