Archives: Corporate and Investment

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A Reauthorized U.S. Export-Import Bank is Central to U.S. Commercial Success in Africa

If the U.S. Export-Import Bank (Ex-Im) is not reauthorized, U.S. efforts to deepen commercial ties to Africa will be significantly impeded. Not only would this put U.S. companies at a commercial disadvantage to companies from the European Union, China, Russia, India and elsewhere, it would impact negatively on the contribution that many American companies make … Continue Reading

Africa’s Middle Class: Not Hype But Challenging To Get Right

The expanding middle class has been one of the cornerstones of the “Africa rising” narrative.  Discussion of that topic has been particularly lively over the past few weeks.  From a private sector perspective, this debate presents an interesting lesson about doing business in Africa’s consumer goods sector. As an initial matter, it is important to … Continue Reading

Nigeria Sends Clear Signal of Getting Serious about Tax Enforcement

Over the past few years, Nigeria has reformed its transfer pricing regulations, introduced mechanisms to tackle tax evasion and pursued other revenue enhancing initiatives.  With revenue from petroleum taxes at its lowest point in fifteen years, the country is under even more pressure to increase its tax enforcement efforts.  At the same time, there have been reports … Continue Reading

Kaberuka’s Last AfDB Annual Meeting Begins and Ends on High Notes

The election of a new president to head the African Development Bank captured the headlines out of Abidjan last week, but the Annual AfDB Programme and meetings were more than electing Africa’s new leading voice on development and inclusive economic growth.  Thousands of people attended this year’s Annual meetings from government, the private sector, and … Continue Reading

AGOA Moves Forward: Reviewing Last Week’s Reauthorization in the U.S. Senate

On Thursday of last week and with a vote of 97-1, the U.S. Senate approved the “Trade Preferences Extension Act of 2015,” which includes reauthorization of the African Growth and Opportunity Act (AGOA). With this action, the Senate seeks to reaffirm the “centerpiece of trade relations between the United States and sub-Saharan Africa,” as well … Continue Reading

Global Financing Facility Looks Beyond the Millennium Development Goals to Bolster Africa’s Private/Public Healthcare Systems

Earlier this week, the Corporate Council on Africa’s Health Working Group hosted a World Bank presentation of The Global Financing Facility (GFF), a broad $4 billion facility that aims to promote reproductive, maternal, newborn, child and adolescent health (RMNCAH) in low- and middle-income countries.  The GFF–which was announced in September 2014 and currently consists of … Continue Reading

Global Infrastructure Investment — Getting Investors Off the Sidelines

Power shortages in India, transportation costs in Africa, the poor grades given to US infrastructure, pollution in China, and the devastation to old and sub-par infrastructure in places like Nepal when disaster strikes are clear reminders that the world needs more and better infrastructure.   Infrastructure is the talk of governments, of bodies such as the … Continue Reading

The Healthy State of Medical Tourism in Sub-Saharan Africa

Well-known as a destination for experiencing some of the world’s most breathtaking natural assets, the Sub-Saharan African region is making progress in staking a larger claim to the multibillion dollar medical tourism industry and is the fastest growing region for wellness tourism.  Strategic trade and investment policies have played a significant role in these advancements. … Continue Reading

Competing Smarter: Assessing the Report from the President’s Advisory Council on Doing Business in Africa

One positive outcome of last year’s U.S.-African Leaders Summit was the creation of the President’s Advisory Council on Doing Business in Africa (DBIA), whose purpose is to make recommendations on how to strengthen U.S. commercial engagement on the continent. The council, a group of 15 seasoned business leaders with a genuine understanding of Africa’s business … Continue Reading

This Year’s IPA Award Showcases Capital Innovations

This week, the African Innovation Foundation (“AIF”), an organization whose purpose is to “to increase the prosperity of Africans by catalyzing the innovation spirit in Africa,” announced the finalists for its annual Innovation Prize for Africa (“IPA”) award.  Started in 2011, the IPA award serves to “honour[] and encourage[] innovative achievements that contribute toward developing … Continue Reading

President’s Advisory Council Focuses On Capital, Supply Chains and Infrastructure

One of the major initiatives announced during last summer’s U.S.-Africa Leaders Summit was the establishment of the President’s Advisory Council on Doing Business in Africa, a private sector-led body tasked with assisting the President in the development and dissemination of U.S. private sector strategies for taking advantage of trade and investment opportunities on the continent. … Continue Reading

World Investors Eye Egypt’s Future

Is the world ready to invest in Egypt? After years of a stagnating economy and political uncertainty, the results from last month’s Egypt Economic Development Conference (EEDC) suggest that investors are taking a fresh look at what could be a new landscape for economic prosperity in the country.  To better understand the results and impact … Continue Reading

India’s ICT Companies Lead the Way to Further Indian Investment in Africa

This week, numerous companies from emerging economies will gather in India to participate in the third annual Growth Net conference, a unique platform focused on promoting business, trade and financial partnerships amongst the countries represented.  South-South cooperation will be the focus of much of Growth Net’s agenda, and a principal topic of interest will be … Continue Reading

India Leverages Capacity Building Experience in Africa to Train, Mobilize Workers

Economies in Africa have grown at unprecedented rates in the last several decades, but continued success will hinge on the ability to build local workforce capacity.  Companies operating in Africa continue to cite difficulty in training, mobilizing and retaining a competitive workforce as one of the biggest issues they face.  India, with its booming economy, … Continue Reading

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

AU-UN Report Reveals Startling Illicit Financial Flows in Africa

A new, comprehensive report published by the African Union’s high-level panel on illicit financial flows and the United Nations economic commission for Africa (Uneca) concludes that Africa loses more than $50 billion every year to illicit financial flows (IFFs).  The report, entitled Illicit Financial Flows, represents the first African initiative of its kind, and is … Continue Reading

Egypt and Blumberg Grain Launch World’s Largest Integrated Food Storage System

In the coming months, Egypt and the American company Blumberg Grain will create the world’s largest integrated food storage system for grain, constructing 93 sophisticated wheat storage facilities across Egypt that will process 3.7 million tons annually and store 750,000 tons of wheat.  The food storage system will launch this April, and is expected to … Continue Reading

Planning Ahead to Arbitration – Important Considerations for Investors

  As foreign investment into Sub-Saharan Africa continues to grow, inevitably, so does the risk of disputes arising between commercial parties. The potential benefits of arbitration in settling a commercial dispute, including procedural flexibility and neutrality, are well known (read more from the ICC here). This post provides an introduction to the relevance of arbitration … Continue Reading

U.S. Commerce Department Prioritizes Mozambique in 2015

One of the most important opportunities to emerge from the U.S.-Africa Leaders Summit was the Obama Administration’s commitment to increasing the counseling and technical assistance provided to U.S. private sector companies who are looking to do business in Africa.  Several recent Commerce Department announcements related to Mozambique indicate that that country is a priority market … Continue Reading
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