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The successful visit of Uhuru Kenyatta on August 27 to meet President Trump in Washington captures in a snapshot the growing momentum in US-African trade and investment relations. The two presidents announced that the U.S. and Kenya have formed a Trade and Investment Working Group to begin sketching out what a reciprocal bilateral trade and commercial relationship will look like as both countries work to elevate their partnership to a strategic level. The PRESIDENT'S MESSAGE PARTNERING WITH THE IFC - P.7 INVESTMENT OPPORTUNITIES IN ERITREA - P.6 AGOA PRIVATE SECTOR FORUM READOUT - P.2 THE AFRICA eJOURNAL visit also saw two agreements signed with OPIC, including a two hundred and thirty two million dollar wind energy plant and a five million dollar food distribution plant, as well as bilateral agreements to expand cooperation in security and defense. The U.S. and Kenya are working on another set of deals worth two hundred and fifty million dollars in the coming months, likely including a major road project with Bechtel. President Kenyatta’s visit came a short six weeks after the U.S. hosted the 17th AGOA Forum July 11-12 in Washington, where U.S. Trade Representative Robert Lighthizer invited African countries to work with the United States to come up with a Free Trade Agreement (FTA) that can serve as a model for the rest of the continent in charting the scope of what a post- AGOA trade and investment relationship with the U.S. will look like. At the AGOA Forum, African countries provided an update on the status of the African Continental Free Trade Agreement (AfCFTA), which 44 countries have already signed, and 6 of the 22 needed to bring it into force have already ratified. There is indeed a sense that events in several countries in Africa are moving both more quickly than in the past, and in the right direction. Several ...continued on page 10

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  • The successful visit of Uhuru Kenyattaon August 27 to meet President Trumpin Washington captures in a snapshotthe growing momentum in US-Africantrade and investment relations.  Thetwo presidents announced that theU.S. and Kenya have formed a Tradeand Investment Working Group tobegin sketching out what a reciprocalbilateral trade and commercialrelationship will look like as bothcountries work to elevate theirpartnership to a strategic level.  The 

    BY FLORIZELLE LISER

    PRESIDENT'S MESSAGE PARTNERING WITH THE IFC - P.7

    INVESTMENT OPPORTUNITIES IN ERITREA - P.6

    AGOA PRIVATE SECTOR FORUM READOUT - P.2

    IN THIS ISSUE

    JUL /AUG 2018 EDITION

    THE AFRICA

    eJOURNALA NEWSLE T T ER BY THE

    CORPORATE COUNC I L ON AFR I CA

    visit also saw two agreements signedwith OPIC, including a two hundredand thirty two million dollar windenergy plant and a five million dollarfood distribution plant, as well asbilateral agreements to expandcooperation in security and defense.The U.S. and Kenya are working onanother set of deals worth two hundredand fifty million dollars in the comingmonths, likely including a major roadproject with Bechtel.

    President Kenyatta’s visit came a shortsix weeks after the U.S. hosted the 17thAGOA Forum July 11-12 in Washington,where U.S. Trade RepresentativeRobert Lighthizer invited Africancountries to work with the UnitedStates to come up with a Free TradeAgreement (FTA) that can serve as amodel for the rest of the continent incharting the scope of what a post-AGOA trade and investmentrelationship with the U.S. will look like.

    At the AGOA Forum, African countriesprovided an update on the status ofthe African Continental Free TradeAgreement (AfCFTA), which 44countries have already signed, and 6 ofthe 22 needed to bring it into forcehave already ratified.

    There is indeed a sense that events inseveral countries in Africa are movingboth more quickly than in the past, andin the right direction.  Several 

    ...continued on page 10

  • Dr. Anton Bizzell, CEO of The Bizzel Group, welcomes delegates CCA President and CEO, Florizelle Liser, delivers opening remarks

    2018 AGOA PRIVATE SECTOR FORUM

    Sector Forum.  Florie noted that sevenyears remain under AGOA’s currentterm, and it’s not yet clear whetherCongress will renew this act for someor any African countries.  At the sametime, the signing of the AfricanContinental Free Trade Agreement(AfCFTA) in March 2018 officiallylaunched the process of greater Africaneconomic integration, and now is thetime to examine the current AGOApolicies, and map out where the U.S.and African countries should take theirtrade and investment relationship overthe longer term.

    On Tuesday, July 10, 2018, CorporateCouncil on Africa hosted the AfricaGrowth and Opportunity Act (AGOA)Private Sector Forum in WashingtonD.C.  The forum, sponsored by theBizzell Group, was comprised of twopanels, one on AGOA success stories,and one on the future of U.S.-AfricaTrade and Investment.  The event wasstanding-room only, with attendeesfrom the U.S. and AfricanGovernments, African and U.S. privatesector companies, media, NGOs andacademia.   CCA President and CEO, Florie Liseropened the forum by noting theimportant role CCA plays in gettingprivate sector input for the AGOAForum between the U.S. Governmentand African delegations, which tookplace from July 11-12, 2018.  She notedthat the theme of the 2018 AGOAForum, “Forging New Strategies,”applied well to the Private 

    A cross-section of delegates at the 2018 AGOA Private Sector Forum

    Advisor, Africa Bureau, Office ofSustainable Development, USAID;Rahama Wright, Founder & CEO, SheaYeleen; and Jan Forest, J. ForestConsulting. There was general agreement thatAGOA has provided a good base overthe last 18 years for eligible Africancountries to establish markets in theU.S. Several participants notedapprovingly that the range of AGOAproducts continues to broaden. Unfortunately, there was also a generalsense that African countries could andshould do much more to takeadvantage of the access they haveunder AGOA during the remainingseven years of eligibility.  Delegatesoffered specific suggestions on waysAfrican companies can improve theirperformance, including sharpeningtheir understanding of and 

    Florie Liser introduced and moderatedthe panel, which included: Jas Bedi,Chairman of the Export PromotionCouncil of Kenya; Greg Simkins, Senior 

    PANEL I: AGOA

    SUCCESS STORIES

    2...continued on next page

  • PANEL I : AGOA SUCCESS STORIES

    market sectors, both in their owncountries and in the United States.Increasing connectivity is one-waycountries can achieve that.  Oneparticipant noted that Kenyaestablishing direct air service to NewYork this September would not onlybring more businessmen in bothdirections – it would also make itcommercially feasible for Kenyancompanies to export significantproducts like cut flowers to the U.S. 

    compliance with the documentaryfiling requirements, such as getting theright textile visa for cloth products.Participants also recommended thatAfrican companies develop a moresophisticated understanding of exactlywho their customers might be in theUnited States.  They alsorecommended making sure Africancompanies can provide the quality andsustained delivery and service thatAmerican customers demand.  Severalparticipants recommended that Africancountries expedite their customsprocedures at the border, which canpreclude both exports and imports oftime-sensitive products. There was general consensus thatAfrican governments can do more tomake their companies successful.  Oneimportant step would be for those 26countries which have not yetcompleted an AGOA utilization strategyto work with the USAID regional tradehubs to do so.   African governments shouldalso consider steps to open new 

    From L to R: Jas Bedi, Export Promotion Council of Kenya; Greg Simkins, USAID, Rahama Wright, Shea Yeleen, and Jan Forest,  J.Forest Consulting; Florizelle Liser, Corporate Council on Africa

    treat these products like equipment,rather than like pharmaceuticals,would make it possible to developlocal partnerships, which in turnwould spur innovation in healthsectors across the continent. Governments could also helpremove significant constraints,particularly for smaller businesses,as well as think through how theymight better support companies 

    African governments could also do a lot toopen markets in both directions byadopting more international standards. Inthe case of medical devices for example,altering regulatory requirements to 

    A cross section of participants at the 2018 AGOA Private Sector Forum

    looking to move up the value chainto process products in Africa, ratherthan export raw or unfinishedproducts.

    3

    ...continued from previous page 

  • PANEL I I : THE FUTURE OF U .S . – AFRICA

    TRADE AND INVESTMENT    

    as cross-border value chains offersignificant potential to increase valueadded for manufacturing and exports.When AGOA was initially offered, it wasexpected to lead to backward tradelinkages that would have promotedthese kinds of value chains.  Thequestion confronting AfricanGovernments today is whether to waituntil the expiry of AGOA beforeengaging with the U.S. on the future oftrade and investment ties, or to begintalking now.  One participant arguedthat African countries’ experience withthe EU Economic PartnershipAgreements suggests beginningdiscussions as soon as possible.  It wasalso suggested that African countriescan do a lot to increase awareness ofAGOA’s provisions, while also making iteasier for their companies to investand expand by addressing problems inthe World Bank’s Ease of DoingBusiness surveys.  Another participantnoted that some African countries, likeEthiopia and Kenya, are alreadyseizing the moment, having announced

    Katrin Kuhlmann, President of NewMarkets Lab, introduced andmoderated the panel, which included:Trevor Gunn, Vice President,International Relations, Medtronic;Laura Lane, President, Global Affairs,UPS; Daniel Karanja, Vice President,Initiative for Global Development;Constance Hamilton, Assistant USTrade Representative, USTR; KennethBagamuhunda, Director General ofCustoms and Trade, EAC Secretariat.  The signing of the AfCFTA in Marchcreated a buzz that hasn’t been seenin several years, due to the fact thatthe agreement’s goals on trade andinvestment are beginning to makemore real the significant potential forregional integration that has beendeveloping for several years. Panelistsnoted that while countries are workingon their own strategies, it’s importantnot to overlook the importance of alsodeveloping regional trade strategies,

    From L to R: Daniel Karanja, Initiative for Global Development, Constance Hamilton,  USTR, Trevor Gunn,  Medtronic,Laura Lane,  UPS; Mr. Kenneth Bagamuhunda, EAC Secretariat, Katrin Kuhlmann, New Markets Lab 

    important domestic reforms designedto boost trade and investment, whileother governments, like Ghana andIvory Coast, have made welcomepolitical reforms.   As one member of the President’sAdvisory Council on Doing Business inAfrica noted, African companies arereadier than ever to do business withAmerican partners.  Bearing this out,U.S. companies signed more than onebillion dollars in deals during therecent PAC-DBIA trip.  There was ageneral sense that companies want tosupport Africa’s efforts at deepeningintegration, both through regionalagreements and the continental freetrade agreement. USTR briefed the panel on current U.S.Government thinking, noting that theagency had just published its latestreport on U.S. trade with Africa, whichshows a 6% increase in overall trade,and ever-greater diversification ofgoods.  USTR hailed the AfCFTA as a 

    4 ...continued on next page

  • PANEL I I : THE FUTURE OF U .S . – AFRICA

    TRADE AND INVESTMENT

    utilization strategies should do so attheir earliest opportunity • African countries should consider  thebarriers to implementing theseutilization strategies, and work withcompanies to address/resolve them. - One example would be to considerhow governments can encourage thedevelopment of local industries thatsupport exports, such as packagingand delivery services. - Another example is to address issuesaffecting exports in the Ease of DoingBusiness. • African governments can make iteasier for their companies to competeby adopting international standards inkey sectors. • Those African governments that havenot yet adopted the Trade FacilitationAgreement should do so at theirearliest opportunity.  Liberalizingservices is one important area that cansignificantly expand trade. • African governments and companiesshould identify and developopportunities to move up the value 

    “tremendous accomplishment,” andsaid both the U.S. Government and U.S.companies want to be good partners. The goal is to translate the excitementaround AfCFTA into getting to the nextstage of the U.S. relationship withAfrica, beyond AGOA.  It was suggestedthat perhaps it’s time to exploreconcluding an FTA with one countrythat could then serve as a model forother countries.  While USTR is readyfor exploratory talks, the U.S. is notforcing this on any country. Severalparticipants suggested that in manyways, it will be up to one country orone sector to experiment and try outways to create better opportunities.  Assoon as one country or sector finds theright formula, others will quicklyfollow.  While the panel concluded withenormous optimism, there was alsoagreement that there is not much timeleft to chart a shared future. Thesooner the process starts, the better. • Those eligible African countries thathave not yet completed their AGOA 

    Constance Hamilton, Assistant US Trade Representative, USTR, discusses the future of U.S.-Africa Trade andInvestment at the 2018 AGOA Private Sector Forum

    chain from exporting raw orunprocessed materials to value-addedgoods wherever possible. • African companies should make surethey have thought through who theirspecific customers are in the U.S., andthen design strategies to reach them. Once they identify a market, theyshould make sure they can service itthrough distribution and maintaininghigh quality standards. • African companies should also paygreater attention to meetingdocumentary and labelingrequirements, as well as make surethey file the right paperwork to obtaintheir duty-free provisions. - In those cases where companies needhelp from local governments toproduce key documents, USAID’s tradehubs could consider helpinggovernments improving their capacity. • The U.S. and African Governments, aswell as companies, should look formore opportunities to publicize AGOAand its provisions to encourage morepotential users. 

    RECOMMENDATIONS:

    5

    ...continued from previous page

  • INVESTMENT OPPORTUNIT IES IN ERITREA

    He acknowledged that Eritrea has had toplay “catch up” with respect to integrationinto the global economy, but emphasizedthat “the engine of growth [in Eritrea] isthe private sector”, noting that from 1991-1998, the economy grew by 11%. The newly established relationshipbetween Eritrea and Ethiopia hassignificant implications for Eritrea's abilityto establish new trade/investmentrelationships globally. In 1991, Eritreansmet in Asmara and debated what approachto take towards economic development.They chose an open-market economybased approach.  This strategy, hebelieves, will achieve the results Eritreaneeds across various sectors. He highlighted the key role agricultureplays in ensuring food security in Eritrea,noting that investment in water harvestingtechniques would significantly impact theagribusiness sector.  He alsoacknowledged the potential of the Red Seawith regards to the fishing industry. Dr. Futur indicated that investmentopportunities also exist in the travel and

    On Tuesday, July 24, 2018, CorporateCouncil on Africa hosted a workinggroup on Investment Opportunities inEritrea, with guest speaker, Dr. WoldaiFutur, Director, Eritrean InvestmentCenter. CCA President and CEO, FlorieLiser delivered the opening remarks,noting the historic change in therelationship between Eritrea andEthiopia and its implications forinvestment in Eritrea. Before introducing the Eritreandelegation, Carol Pineau of Africa TodayTV recounted her experience in Eritreain 1998, when the war started, andrecently in 2016, 18 years later. Shedescribed Eritrea as “a country that isself-actualized” and urged participantsto “leave [their] assumptions at thedoor.  The reality is completelydifferent: roads are good, markets aredoing well, and people talk freely abouttheir country.” She stressed theimportance of understanding thatEritrea is a country that for the pastsixteen years has been ready for peaceand ready for business, going further tosay that before the war, Eritrea wasknown for promoting the idea of 'tradeover aid'. In his opening remarks, Dr. Futurthanked CCA for hosting such a historicmeeting.

    A cross-section of delegates at the working group meeting

    tourism industry, as well as themanufacturing industry. “We needmanufacturing to solve the problem of thelabor market”, he said.  He highlighted thetextile and leather manufacturingindustries and packaging industry asviable areas for investment. He stressed the need for financing withinthe mining industry, specifically withregards to mineral extraction. In closing, he affirmed that the peacedividend and the normalization ofrelations with Ethiopia will have massiveimplications for Eritrea and ended with acall to private sector stakeholders to investin Eritrea's emerging sectors.

    Dr. Woldai Futur addresses working group delegates

    “THE ENGINE OF GROWTH IS THE PRIVATE SECTOR.”  -DR. WOLDAI FUTUR, DIRECTOR, ERITREAN INVESTMENT CENTER

    “WE NEED MANUFACTURINGTO SOLVE THE PROBLEM OF

    THE LABOR MARKET”  - DR. WOLDAI

    FUTUR, DIRECTOR, ERITREANINVESTMENT CENTER

    6

  • PARTNERING WITH THE I FC

    interested in investing in Africa.  Shereferenced remarks that Enzo deLaurentiis, World Bank ChiefProcurement Officer,  made regardingThe World Bank’s dedication togrowing from being an institution thatmakes commitments of $60 billion to$100 billion a year, by 2030. Thisincrease will allow the bank to workwith more low-income countries,which could mean up to $50 billion inlending for Africa yearly. Ms. Vinyard described the IFC as themost dynamic branch of the WBG andintroduced Fabiana Feld. Ms. Feld’spresentation highlighted IFC financedprojects in emerging markets.  She described the IFC as adevelopment institution with the goalof ending poverty, boosting sharedprosperity, tackling climate changeand advancing gender equality.  Onemain goal of the IFC is to create a anew strategy to tackle developing 

    On Wednesday, August 1, 2018,Corporate Council on Africa hosted aworking group meeting on 'Partneringwith the IFC' with guest speaker, Ms.Fabiana Feld, Chief Investment Officer,Global Manufacturing, Agribusinessand Services Department, IFC. Laird Trieber, Special Adviser to CCAPresident and CEO delivered theopening remarks, noting that the'World Bank Family' has been anincredible partner to CCA indiscovering constructive ways toencourage public/private partnerships;and increase U.S. private sectorengagement in Africa. Holly Vineyard, Deputy AssistantSecretary for Global Markets, USDepartment of Commerce, gave a fewopening remarks thanking CCA for theexcellent sequencing of programs thathave helped the World Bank Group(WBG) communicate more frequentlywith the U.S business community 

    Ms. Fabiana Feld, Chief Investment Officer, IFC addresses working group delegates

    markets. She declared that IFC provides loansfor healthcare and infrastructuresectors, noting that they financeprojects no less than $2 million invalue. According to Ms. Feld, “Weattempt to be strategic in our approachto different countries, to look at theproblem of financing in a more holisticway.”    Ms. Feld made it clear that there is notypical time frame for the IFC approvalprocess.  However, she emphasizedthat working with the IFC provides astamp of approval due to theirthorough  due diligence process. TheIFC tries to be a catalyst and inviteother institutions to invest with them.Their thorough due diligence processenables them to mitigate risk, so as tomaintain their Triple-A rating. Sheclosed by noting that the World Bankconsiders Africa the most important ofits focus regions.

    7

  • Dr. Alain Tschudin, GGA, addresses working group delegates From L to R: Florizelle Liser, CCA, Alain Tschudin, GGA

    ECONOMIC AND GOVERNANCE

    INDICATORS ACROSS THE CONTINENT : A

    BRIEF ING BY GOOD GOVERNANCE AFRICA

    country office solely dedicated toNigeria.  They hope to open an EastAfrican office (African Union office),expect to open an office in Abidjan,Côte d’Ivoire, to focus on FrancophoneWest Africa, and are opening an officein the Sahel region, as well a onededicated to the Congo.  Dr. Tschudinruns the Southern AfricanDevelopment Community (SADC) GGAcenter that covers 16 Southern Africancountries.   He remarked, “We are trying to makepositive change in the governancespace. We like to promote a more fact-based reality.”  GGA achieves thisgoal primarily through the publicationof two journals: Africa in Fact andAnnual Africa Survey, with the currentissue comprising of three thousandindicators in the survey. He mentioned that they would belaunching their online dashboard, with ten thousand socio-political andeconomic indicators on thecontinent. This resource would belaunched in September 2018 during 

    On Tuesday, July 31, 2018, CorporateCouncil on Africa in collaboration withGood Governance Africa held a workinggroup meeting on 'Economic andGovernance Indicators Across theContinent.' GGA is a research andadvocacy non-profit organization withcenters across Africa focused solely onimproving governance across thecontinent. GGA engages in appliedresearch, and their work is focused onadvancing the key governanceprinciples of democracy,accountability and transparency. CCA President and CEO, Florie Liser,stated that having followed the recentpolitical activities on the continent,(elections in Zimbabwe/Mali), there is ageneral “Afro-Optimism” across Africancountries. “We know how importantgood governance is to the economicfuture of Africa. That’s what investorslook for.” Dr. Alain Tschudin highlighted GGA'slocations in Africa: an office in Harare,Zimbabwe, a regional office in Accra,Ghana that covers West Africa, and a 

    UNGA week.   He noted, “If the saying that‘knowledge is power’ is true, then thisdefinitely is a step in the rightdirection.”  GGA’s goal is to showwhat it looks like when Africa bringsdata to life.   A brief documentary on GGA's workon the continent was presented. Dr.Alain mentioned that the motivationbehind the Africa in Fact journal is toequip people with knowledge to playa role in their own realities, notingthat GGA believes in addressing urbanchallenges holistically. “It’s abouthow governments interact withpeople.  It’s about social cohesion.The problems are very rarely aboutwhat we’ve built but how we inhabitwhat we’ve built.” 

    "WE KNOW HOW IMPORTANTGOOD GOVERNANCE IS TO THEECONOMIC FUTURE OF AFRICA.THAT’S WHAT INVESTORS LOOK

    FOR." - FLORIE LISER, CCA

    8

  • MOZAMBIQUE TO HOST CCA 'S 2019 U .S . -

    AFRICA BUSINESS SUMMIT

    Corporate Council on Africa (CCA) will hold the 2019 U.S -Africa Business Summit in Maputo, Mozambique. The CCASummit has been considered the essential conference onU.S.-Africa business and investment since its inception in1997 and will be in its 12th iteration next year.

    After a round of bidding from several African countries, theCCA Board of Directors selected Mozambique to host the2019 Summit. CCA and Mozambique have a long-standingrelationship, working together to grow and enhance theU.S.-Africa economic partnership. Most recently, CCAhosted H.E. Filipe Nyusi, President of Mozambique, at the2017 U.S.-Africa Business Summit in Washington, DC, aswell as the Africa Business and Investment Forum held inAddis Ababa, Ethiopia in January 2018 on the sidelines ofthe African Union Summit.

    During her trip to Mozambique, CCA President and CEO,Florizelle Liser, accompanied by U.S. Ambassador toMozambique, Dean Pittman, met with H.E. President Nyusi.Ms. Liser said, “CCA believes Mozambique is a destinationof choice and welcomes Mozambique as host of the 2019U.S.-Africa Business Summit.” President Nyusi noted thatMozambique was ready to work with CCA to host asuccessful Summit.

    While in Maputo, Ms. Liser met with Mozambique’s Ministerof Foreign Affairs, H.E. José Condugua António Pacheco,and Minister of Industry and Commerce, H.E. Ragendra de 

    Sousa as well as the Interministerial Commission, which isworking to ensure a successful Summit.  Ms. Liser also metwith key private sector stakeholders in a meeting withConfederação das Associações Económicas de Moçambique(CTA) – Mozambique’s umbrella business association.

    Over the last 20 years, CCA has hosted more than 40 U.S andAfrican Heads of State and over 13,300 participants at itsSummits. Starting with the 2019 U.S.-Africa BusinessSummit, CCA will begin to hold its biennial Summitsannually. As the U.S.-Africa business and investmentlandscape is rapidly evolving, CCA is making this strategicmove with the aim of providing CCA members, investors,and key U.S.-Africa business stakeholders with theopportunity to stay abreast of the latest developments inbusiness and investment across the continent.

    The U.S.-Africa Business Summit serves as a platform forAfrican and U.S. private sector and governmentrepresentatives to engage on key sectors includingagribusiness, energy, health, infrastructure, tradefacilitation, ICT and finance; network with key privatesector and government officials; explore new businessopportunities, meet potential business partners; and forgenew business deals.

    The Corporate Council on Africa’s 12th U.S.-Africa BusinessSummit will be hosted in Maputo, Mozambique in June2019.

    CCA President and CEO, Florizelle Liser, met with H.E. President Nyusi

    “CCA BELIEVES MOZAMBIQUE IS ADESTINATION OF CHOICE AND

    WELCOMES MOZAMBIQUE AS HOSTOF THE 2019 U.S.-AFRICA

    BUSINESS SUMMIT.”

    - FLORIZELLE LISER, CCAPRESIDENT AND CEO

    9

  • Innovation: The Key to New Platforms and Technologies for Africa's 21st Century Infrastructure

    The Corporate Council on Africa (CCA) will host the U.S.-Africa Infrastructure Conference November 5-6 in Johannesburg, South Africa. CCA’s conference will introduce innovative solutions in ICT, energy and transportation to African government and private sector actors to share insights on novel approaches that infrastructure leaders have implemented to make ambitious projects a reality.

    The African Development Bank estimates in its 2018 Africa Economic Outlook report that the continent needs at least $130 billion a year in infrastructure development per year for at least the next decade to meet the needs of rapidly growing, increasingly urban countries. The sheer scope of the needs and the pace of population growth will demand innovation across the project cycle to be successful.

    CCA is expecting over 300 infrastructure project participants, including technology and solution providers, project developers, financiers, and government representatives to participate in this ground-breaking conference.

    Sessions will focus on: • How innovation is increasing energy output and efficiency and reducing production costs.

    • What new forms of connectivity are we seeing in transportation that are improving sustainabilityand security of physical assets and new markets.

    • How ICT is being used today to increase broadband and digital connectivity, enhance dataprotection and usage and improve infrastructure project management.

    • How innovative financial tools are reducing project financing costs and increasing return oninvestment.

    • What governments are now doing to create more conducive environments to developinfrastructure on the continent.

    Who should attend? • African and U.S. Government Officials

    • Project Developers and Businesses

    • Innovative Solution Providers in the ICT, energy and Transportation sectors

    • Financial Institutions

    LEARN MORE at www.CorporateCouncilonAfrica.com

  • countries, notably including Ethiopia,have gone through important domesticpolitical transitions recently, whichhave resulted in welcome reforms thatare improving transparency andgovernance.  There are two commonthemes in these efforts.  The first, asPresident Kenyatta emphatically put itin meeting both President Trump andUK Prime Minister May, is that Africancountries are looking for a new kind ofrelationship of co-equal partners,rather than traditional donor-recipientrelations.  The second is that manyAfrican countries are clearly looking formore interaction with the U.S.,particularly from U.S. companies.  Theother big event of the summer, thefour-country visit of the President’sAdvisory Council on Doing Business inAfrica, showed a keen interest in hostgovernments and local businesses tomeet their American counterparts. There was also a real sense that it’stime to get down to business, withmore than one billion dollars in dealsannounced during the trip.

    September and October already havea number of events that will continuethis momentum, including a recordnumber of African heads of state thatare planning on meeting U.S.companies while in New York duringthe United Nations General Assembly(UNGA).  The time is clearly now forU.S. companies to sharpen theiranalysis of what opportunities Africancountries present today, as well aswhat opportunities could bedeveloped in the future.  AndCorporate Council on Africa is hostinga number of events on the sidelines ofUNGA that will highlight the manyopportunities present on thecontinent to grow U.S.-Africacommercial partnerships and toenhance the U.S.-Africa trade andinvestment relationship.   In its 25thyear, CCA remains committed tobeing the premier businessorganization solely focused on U.S.-Africa business, and to providing theaccess, connections and insights thatare critical in growing that business.   

    BOARD OFDIRECTORS

    Aliko Dangote Dangote Industries 

    Anthony Winns  Lockheed Martin 

    Barbara Keating Computer Frontiers

    Boris Martor  Eversheds Sutherland 

    David Picard Caterpillar

    Demetrios Marantis VISA, Inc.,

    Diane Willkens Development Finance International Inc.

    Earl Young  Jean Boulle Group

    Faisal Sabzwari  Procter & Gamble 

    Hunter Farris  ExxonMobil Production Company

    James Winkler DAI

    Jay Ireland  GE Africa, General Electric

    Jeffrey Krilla  Kosmos Energy Jeffrey Sturchio  Rabin Martin 

    Jim Ovia Zenith Bank 

    Mark Chiaviello Standard Bank Miguel Santos

    The Boeing Company Nabil Elias Romanos

    Varian Olaleye Adebiyi

    Afrotourism/Andersen Tax Paul Sullivan Acrow Bridge

    Robert Clay Neff Jr Chevron Corporation

    Samuel Dossou Petrolin Group Tom McDonald

    Baker Hostetler Viviane Bakayoko

     Citibank William Ward

    Vectrus Witney Schneidman, Covington & Burling 

    10

    PRESIDENT'S MESSAGE...continued from front page

  • C A L E N D A R O F E V E N T SSEPTEMBER

    UNGA Week | New York, NY CCA UNGA Events

     U.S.-Mozambique Business Forum

    25 | New York, NY

    South Africa CEO Roundtable   26 | New York, NY

    Zenith Global Economic Forum: Nigeria Open for Business  26 | New York, NY

    Investor Panel on Investment Opportunities in South Africa 26 | New York, NY

    Roundtable with His Excellency Ibrahim Boubacar Keita, President of the Republic of Mali 28 | Washington, DC

    NOVEMBER 5 - 6 | Johannesburg, South Africa

    Infrastructure Innovation Conference

    WORKING GROUPS CCA will host working group meetings on the continent and in the U.S. on key issues in the following

    sectors: Agribusiness, Capacity Building, Energy, Finance, Health, ICT, Infrastructure, Security, Tourismand Trade.

    TRADE MISSIONS CCA will host trade missions and reverse trade missions during the course of the year

    2018

    For more information, please visit www.corporatecouncilonafrica.com

    1100 17th Street, NW, Suite 1200 * Washington, DC 20036, U.S.A Tel: 202.835.1115 * Fax: 202.835.1117 * www.corporatecouncilonafrica.org

    The Corporate Council on Africa is a nonprofit 501 (c)(3) organization