At the recent U.S. – Africa Leaders Summit, former President Clinton and former New York Mayor Michael Bloomberg accused American companies of “missing the boat” and falling behind China and Europe in doing business with African nations. In the words of President Clinton, the U.S. business community “needs this relationship as much or more as Africa and […]
Over 80 participants gathered at the ICC Middle East and North Africa (MENA) regional office in Doha on Tuesday to discuss the numerous opportunities and challenges that the World Trade Organization (WTO) Trade Facilitation Agreement (TFA) presents to businesses and governments in region. The International Chamber of Commerce (ICC) continued its intense campaign to urge […]
This week in Washington, dozens of African heads of state are converging for a landmark series of meetings with U.S. officials and businesses. The event has been billed as the clearest sign yet of the Obama administration’s desire to reassert American interests in the continent, which have taken a back seat to the United States’ […]
Across sub-Saharan Africa, consumer demand is fueling the continent’s economies in new ways, driving hopes that Africa will emerge as a success story in the coming years comparable to the rise of the East Asian Tigers in the second half of the 20th century. After seeing years of uninterrupted economic expansion across Africa, governments, analysts […]
The Fragile Five have become the Fantastic Five. Just six months after fears of an emerging-market meltdown rattled world markets, stocks and bonds in the so-called Fragile Five economies — Turkey, India, Indonesia, Brazil and, to a lesser extent, South Africa — have become the primary targets for yield-hungry global investors. According to research from […]
Eight West African nations agreed Tuesday to $19 billion worth of infrastructure deals, with the lion’s share going toward a massive road and railway project by a company in the United Arab Emirates. Abu Dhabi’s Trojan General Contracting won the $16 billion project to build roads and railways across Burkina Faso, Mali and Senegal. The […]
Chevron Corporation CVX -0.03% announced today that it is increasing its support to the Niger Delta Partnership Initiative ( NDPI ) Foundation. Chevron is committing an additional $40 million over five years to expand a portfolio of programs and partnerships that have successfully promoted economic development, improved the capacity of civil society institutions, and helped […]
