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The monthly newsletter of The Corporate Council on Africa A FRI C J OURNAL The JAN/FEB 2015 A e Continued on page 5... On December 16, 2014, The Corporate Council on Africa hosted its third annual awards dinner, A Celebration of Excellence in U.S.-Africa Business Relations. This special dinner and program recognized outstanding accomplishments in private sector business development and superior service to the nation and community. Since 1993, CCA has served as the premier American organization devoted to promoting U.S.-Africa business relations. Attendees included diplomats from U.S. and African governments, and business leaders. The evening opened with a warm welcome from the awards dinner’s emcee, Mpule Kwelagobe, founder and CEO of MPULE Institute for Endogenous Development, and former Miss Universe, Botswana. Ms. Kwelagobe then introduced Paul Hinks, CCA chairman and CEO of Symbion Power. Mr. Hinks began his remarks by highlighting CCA’s recent achievements, including the addition of African business leaders on CCA’s board, and the organizations Leading the Way in U.S.- Africa Investment program, which brought together more than 700 business leaders and government officials from across the U.S. and Africa alongside the U.S.-Africa Heads of State Summit this past August. CCA’s 2014 African Business Leader of the Year awards were presented to: Sheikh Mohammed Hussein Ali Al Amoudi, owner and chairman, MIDROC Ethiopia Strive Masiyiwa, chairman and founder, Econet Wireless, Zimbabwe James Mworia, group CEO and managing director, Centum Investment Company, Kenya These three prestigious awardees were selected from dozens of candidates nominated by U.S. and African embassies, and CCA member organizations. A special award for Outstanding Business Innovation by African Diaspora was presented to Dr. Eddy Agbo, Fyodor Biotechnologies. The award is designated for a member of the African diaspora who has made a unique contribution in business CCA led a delegation of 18 people from 12 different companies on a trade mission to Kenya, Rwanda and Uganda from November 30 through December 9. During the ten-day itinerary of ministerial meetings, work site visits and business conferences, delegates explored current investment opportunities in the three countries and networked with local business leaders to discuss prospective partnerships in a variety of sectors, including agribusiness, housing, ICT, transportation, power and infrastructure. Participating companies included ACADEMI; ACROW Bridge; Bechtel Corporation; Cardno Emerging Markets (East Africa) Ltd.; Development Finance International, Inc.; East Africa Trade and Investment Hub; Electro- Motive Diesel & Locomotive Company (Pty) Ltd.; Standard Bank/CFC Stanbic; Symbion Power; Tuskon USA; and Varian Medical Systems, Inc. CCA’s president and CEO, Stephen Hayes, along with CCA staff members Asfaw Alemayehu and Sonia Mfasoni, led the delegation. A welcome breakfast with Dr. Moses Ikiara, managing director of the Kenya Investment Authority officially opened the meetings in Nairobi. Dr. Ikiara recounted how much CCA had done throughout 2014 to promote business in Kenya, recapping the earlier trade mission to Kenya in February; the Doing Business in Kenya Forum in Washington, D.C. in July; the presidential dinner with H.E. President Uhuru Kenyatta in Washington, D.C. in August; and the luncheon with Honorable Ambassador Amina Mohamed, cabinet secretary in the Ministry of Foreign Affairs in New York City, N.Y. in September. He affirmed the Kenyan government’s desire to continue to partner with CCA to increase U.S. investment in the country. CCA’s delegation also met with ministers of transport and infrastructure; CCA HOSTS TRADE MISSION TO KENYA, RWANDA AND UGANDA CCA CELEBRATES EXCELLENCE IN U.S.-AFRICA BUSINESS RELATIONS AT DECEMBER AWARDS DINNER Continued on next page... Stephen Hayes, President and CEO of The Corporate Council on Africa H.E. Yoweri Museveni, President of the Republic of Uganda, meets with CCA delegation

The monthly newsletter of The Corporate Council … · The monthly newsletter of The Corporate Council on Africa TheAFRICJOURNAL JAN/FEB 2015 A e Continued on page 5... On December

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T h e m o n t h l y n e w s l e t t e r o f T h e C o r p o r a t e C o u n c i l o n A f r i c a

AFRIC JOURNALTheJAN/FEB2015

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Continued on page 5...

On December 16, 2014, The Corporate Council on Africa hosted its third annual awards dinner, A Celebration of Excellence in U.S.-Africa Business Relations. This special dinner and program recognized outstanding accomplishments in private sector business development and superior service to the nation and community. Since 1993, CCA has served as the premier American organization devoted to promoting U.S.-Africa business relations. Attendees included diplomats from U.S. and African governments, and business leaders. The evening opened with a warm welcome from the awards dinner’s emcee, Mpule Kwelagobe, founder and CEO of MPULE Institute for Endogenous Development, and former Miss Universe, Botswana. Ms. Kwelagobe then introduced Paul Hinks, CCA chairman and CEO of Symbion Power. Mr. Hinks began his remarks by highlighting CCA’s recent achievements, including the addition of African business leaders on CCA’s board, and the organizations Leading the Way in U.S.-Africa Investment program, which brought

together more than 700 business leaders and government officials from across the U.S. and Africa alongside the U.S.-Africa Heads of State Summit this past August.CCA’s 2014 African Business Leader of the Year awards were presented to:Sheikh Mohammed Hussein Ali Al Amoudi, owner and chairman, MIDROC EthiopiaStrive Masiyiwa, chairman and founder, Econet Wireless, ZimbabweJames Mworia, group CEO and managing director, Centum Investment Company, KenyaThese three prestigious awardees were selected from dozens of candidates nominated by U.S. and African embassies, and CCA member organizations. A special award for Outstanding Business Innovation by African Diaspora was presented to Dr. Eddy Agbo, Fyodor Biotechnologies. The award is designated for a member of the African diaspora who has made a unique contribution in business

CCA led a delegation of 18 people from 12 different companies on a trade mission to Kenya, Rwanda and Uganda from November 30 through December 9. During the ten-day itinerary of ministerial meetings, work site visits and business conferences, delegates explored current investment opportunities in the three countries and networked with local business leaders to discuss prospective partnerships in a variety of sectors, including agribusiness, housing, ICT, transportation, power and infrastructure. Participating companies included ACADEMI; ACROW Bridge; Bechtel Corporation; Cardno Emerging Markets (East Africa) Ltd.; Development Finance International, Inc.; East Africa Trade and Investment Hub; Electro-Motive Diesel & Locomotive Company (Pty) Ltd.; Standard Bank/CFC Stanbic; Symbion Power; Tuskon USA; and Varian Medical Systems, Inc. CCA’s president and CEO, Stephen Hayes, along with CCA staff members Asfaw Alemayehu and Sonia Mfasoni, led the delegation. A welcome breakfast with Dr. Moses Ikiara, managing director of the Kenya Investment Authority officially opened the meetings in Nairobi. Dr. Ikiara recounted how much CCA had done throughout 2014 to promote business in Kenya, recapping the earlier trade mission to Kenya in February; the Doing Business in Kenya Forum in Washington, D.C. in July; the presidential dinner with H.E. President Uhuru Kenyatta in Washington, D.C. in August; and the luncheon with Honorable Ambassador Amina Mohamed, cabinet secretary in the Ministry of Foreign Affairs in New York City, N.Y. in September. He affirmed the Kenyan government’s desire to continue to partner with CCA to increase U.S. investment in the country. CCA’s delegation also met with ministers of transport and infrastructure;

CCA HOSTS TRADE MISSION TO KENYA,

RWANDA AND UGANDA

CCA CELEBRATES EXCELLENCE IN U.S.-AFRICA BUSINESS RELATIONS AT DECEMBER AWARDS DINNER

Continued on next page...

Stephen Hayes, President and CEO of The Corporate Council on Africa

H.E. Yoweri Museveni, President of the Republic of Uganda, meets with CCA delegation

that not only exhibits entrepreneurship, but also contributes to and improves the lives of persons in Africa and beyond. Fyodor Biotechnologies, in cooperation with Johns Hopkins University Hospital, developed an easy five-minute, self-test that anyone, anywhere in Africa, can use to determine if she or he has malaria, therefore eliminating long waits for doctor confirmations.

CCA CELEBRATES EXCELLENCE IN U.S.-AFRICA BUSINESS RELATIONS AT DECEMBER 16 AWARDS DINNER ...continued from front page.

Delivering the keynote this year was Ambassador Linda Thomas-Greenfield, assistant secretary, Bureau of African Affairs. Amb. Thomas-Greenfield referenced President Obama’s U.S.-Africa Policy based on five pillars: strengthening democratic institutions, spurring economic growth, increasing trade and investments, advancing peace and security, and promoting opportunity and development. She also emphasized that international efforts in West Africa will eventually lead to the end of the Ebola outbreak and requested support from businesses to show that West Africa is open for business.

CCA would like to thank our event sponsors for their generous support: AGCO, Chevron, DLA Piper, ExxonMobil, Freeport-McMoRan, GE, Rabin Martin and Symbion Power.

2The Africa e Journal

Haskell Ward and Sheikh Mohammed Hussein Al Amoudi Jeff Sturchio and Strive Masiyiwa

Ambassador Linda Thomas-Greenfield

Mpule Kwelagobe

Diane Willkens and James Mworia Paul Hinks and Dr. Eddy Agbo

On Wednesday, December 3, CCA, in cooperation with the House Committee on Foreign Affairs, held a meeting titled “Ebola: Meet the Experts - A Reverse Procurement Launch Event” at the Rayburn House Office Building. The purpose of this event was to provide a chance for members of the international community responding to the Ebola crisis to “meet the experts” from businesses who have expertise in products and services relevant to the U.S. response to Ebola. Bringing together decision-makers and businesses that have existing relationships in West Africa, panelists were able to showcase service delivery networks and areas of opportunity for the private and public sectors to address the ongoing Ebola crisis and prepare for long-term recovery. Panelists with expertise in

medical technology, response planning, telecommunications and technical assistance presented an overview of their capabilities and how they are positioned to assist in the U.S. response to Ebola.Ambassador Robert Perry, CCA vice president and Greg Simpkins, staff

director, U.S. House Subcommittee on Africa, Global Health and Human Rights offered brief welcomes and introductory remarks, followed by remarks from Jed Meline, Ebola

coordinator at USAID. The first round of presenters included representatives from GE Healthcare, Fyodor Biotechnologies Corporation, DAI and IBM. Presenters shared a range of products services such as GE’s doc-in-a-box, a fully equipped rapid response health care unit that can be modified into an Ebola treatment unit or triage clinic, and Fyodor’s Urine Malaria Test, a one-step, rapid test which can detect if a fever is due to malaria. Panel two featured speakers from ADAS Group (MED-1 Partners and Longhorn Vaccines & Diagnostics LLC), Black & Veatch Special Projects, HDT Global and

Computer Frontiers, Inc.. The highlighted areas of expertise included mobile medical health services, trailers and vehicles serving as comprehensive Ebola treatment centers, and testing agents for Ebola and several other infectious diseases. To view presentations from each speaker, please visit CCA’s Ebola Response Portal under the events tab. For more information, contact Ashleigh Cooper at [email protected].

DECISION-MAKERS AND EXPERTS MEET TO ADDRESS EBOLA CRISIS

POWER WORKING GROUP EXPLORES PROJECT AND FINANCING OPPORTUNITIES, LAUNCHES NEW WEB PORTALSOn Wednesday, December 16, CCA hosted a Power Working Group meeting at the offices of Akin Gump on Power Africa project and financing opportunities. Guest speakers included James M. Mworia, CEO, of Centum Investment Ltd., and Michael Philipp, chairman of Reykjavik Geothermal. Both speakers discussed their experiences from doing business on the continent and highlighted their companies’ major projects. During the meeting, CCA staff also announced the launch of the Power and Trade Web Portal and discussed the site’s main features and ways companies can use the site to feature, and search for, tender opportunities.

In his opening remarks, CCA’s president and CEO, Stephen Hayes discussed highlights from CCA’s work in 2014, which included the hosting of 22 special events, featuring nine heads of state and key ministers from every industry, during the U.S.-Africa Heads of State Summit in August. Carl Fleming of CCA member company Akin Gump also welcomed the audience by discussing his experience in the past year as a Power Africa partner and provided some insight on trends in negotiating and advising clients on business in Africa. One of the trends Mr. Fleming gleaned from 2014 was that a larger portion of Power Africa

implementation will continue to be done by the Millennium Challenge Corporation (MCC), which he said is responsible for much of the money being allocated for Power Africa and is looking to invest $2 billion in the next two years. He highlighted Ghana as a target country for MCC investment and noted that projects in Ghana will bring in $4 billion in private investment over the next three years. Paul Hinks, CCA chairman and CEO of Symbion Power, discussed some of the challenges in developing power projects and outlined how in 2015, CCA’s Power Working Group will showcase projects by companies and promote opportunities for various sectors.

Continued on next page...3 The Africa e Journal

CCA presents

Agribusiness Today:Innovation, Investment and Infrastructure

April 1-2, 2015 | Cambridge, MA

James M. Mworia, CEO of Centum Investment Company, opened the event with his presentation on how Centum has invested across a wide variety of sectors, specifically at the development stage and the onset of projects. He noted that at the development stage, investment appetite is limited because it takes a long time to get projects off the ground. Mr. Mworia discussed some significant opportunities with advancing power generation in Africa. He noted the infrastructure deficit as a major challenge for business on the continent, but he said it also presents a unique opportunity for long-term assets. Mr. Mworia discussed the connections between advancing power in Africa and accelerating the economy, and he illustrated how consumer growth will occur once power generation expands. He mentioned that for African business to compete, power generation must be increased, because it boosts the potential for manufacturing and exporting high-value African products. He surveyed development across the continent

and concluded that, although there has been some renegotiating, there have not been any Independent Power Producer (IPP) defaults. Mr. Mworia noted that it is critical for projects to be able to reduce the price of power. He highlighted Centum’s investment in a coal power plant and how the cheap power generated from that investment has provided a large supply to the grid. He emphasized that the low price of coal makes investment in such a resource beneficial to the general development of industry. In conclusion, Mr. Mworia stated that Africa must be engaged in economic activity beyond the means of basic lighting, and that Centum is interested in projects that carry this vision.

Michael Philipp also presented on a large geothermal project in Ethiopia that was headed by his company Reykjavik Geothermal. He noted certain challenges that faced the project, such as the need for detail and universal documents. Mr. Philipp addressed how other companies are looking for returns in the growth potential of Africa. He stated that the money is available for future projects, but the problem lies in putting together a project that is viable. Mr. Philipp first discussed projects in Kenya and Papua New Guinea; he then focused the remainder of the presentation on the company’s project in Ethiopia. Reykjavik Geothermal was able to start the first IPP project in Ethiopia, and it has been, as he describes, a three-year odyssey. He stated that the East African Rift is blessed with more than 10,000 MW of potential power. One of the challenges he noted was convincing the government to create projects to scale. Another challenge is the dollar

availability of the country’s central banks. He listed the attractions of geothermal as a low waste and clean renewable resource that provides a base load of power for projects at scale. During the question and answer portion of the event, Mr. Philipp discussed in detail how they were able to secure their 1,000 MW project in Ethiopia. Receiving the U.S. Government’s stamp of approval, making it the first Power Africa project on the continent, greatly helped their success in obtaining the Power Purchase Agreements (PPAs). As the first PPA for Ethiopia, the geothermal project will be a springboard to more investment across the Great Lakes Region and its success will benefit future projects. The meeting also served as the official launch event for CCA’s Power and Trade web portal, which serves as a platform to help facilitate private sector participation in and knowledge of investment opportunities in Africa’s Power sector to enhance electricity access and energy resources management capabilities on the continent, as well as increase trade within Africa and trade and economic ties among Africa, the United States, and other global markets. The web portal links business partners, showcases online resources and includes a tender portal with real-time investment opportunities. The full CCA Power Africa/Trade Africa web portal will go live in early 2015. In the meantime, several features of the site are open to CCA members, and to the general public. Members can view the Tenders Portal and view the Partnership Database online now. Presentations from the December 16 meeting are also available. For more information, please contact Morayor Essieh at [email protected].

RECENT EVENTS11/30-12/9: CCA’s East Africa Trade Mission to Kenya, Rwanda and Uganda

12/3: CCA’s Health Working Group presents “Ebola: Meet the Experts - A Reverse Procurement Launch Event”

12/10: CCA presents “Nigeria Roundtable with Howard University’s Executive MBA Program”

12/16: Power Africa WG presents “Power Africa Project and Financing Opportunities / Launch of Power Africa and Trade Africa Web Portal”

12/17: CCA presents “Teen Kids News: Africa Project”

1/14: CCA’s Infrastructure Working Group presents “Pipeline Opportunities in the Liberian Transportation Sector”

1/21: CCA presents “A Dinner with a High-Level Trade Ministerial Dinner on AGOA”

TRANSITIONSCCA welcomes new members Humana People to People, FELTT Fashion and Association of Equipment Manufacturers (AEM).

POWER WORKING GROUP EXPLORES PROJECT AND FINANCING OPPORTUNITIES ...continued from previous page.

4The Africa e Journal

James M. Mworia

Michael Philipp

In the spring of 2001, a bus and two cars went plummeting into the icy waters of the Douro River in Portugal as the bridge below them collapsed. The pillars of the bridge, once strong and structurally sound, had become compromised over time due to decades of illegal, but permitted, sand extraction. Its weakened foundation could no longer bear the weight placed upon it (see article). Just as a strong foundation is essential for a bridge, a strong foundation is a necessity for any business hoping to achieve lasting success in Africa. The Africa Business Portal, with the support of CCA, is committed to providing solutions for bridging business across continents.Trust is essential in building a strong and durable U.S.–Africa business partnership. Finding services and partners you can trust can be a challenge for any business. The key to building trustworthy partnerships is bringing companies together, from both the U.S. and Africa, who understand and comply with the Foreign Corrupt Practices Act (FCPA). By creating a strong nucleus of committed companies, Africa Business Portal will strengthen U.S.–Africa business compliance. Working together, businesses, organizations and governments can provide the guidance and services necessary to overcome the obstacles of doing business in Africa.ABP Network: Become the SolutionIn order to effectively bridge U.S.–Africa trade, companies understand the need to access services, supply chain, and experienced consulting they can trust. This is the basis for the ABP Network. The members of the ABP Network are solution providers in a variety of fields that not only provide trustworthy services and opportunities, but contribute their knowledge and experience working in Africa. This brings invaluable guidance to those companies seeking to enter the global market while deepening a company’s reputation for success. Working together,

the ABP Network will be essential in strengthening the foundation of U.S.–Africa business.Understanding Opportunities and GrowthThrough our sustained growth and development, ABP will continue to be at the forefront of providing progressive programs and networking opportunities for business, governments, NGOs and academic institutions. Through the Africa Business Portal, businesses expanding into Africa can access competitive trends and current trade realities to help facilitate maximum growth and success. Companies and organizations already established in Africa, will not only be valuable members of the ABP Network, but will have the opportunity to be involved in:- Building up investment opportunities committed to FCPA compliance - Expanding bilateral product integration in the U.S. and Africa- Partnering with U.S. and African universities to build up training and education- Enabling an effective platform for U.S. non-profit donations- Encouraging trade agreements and other government resourcesThe responsibility of strengthening U.S.–Africa business falls to each one of us. Its core foundation depends on the quality and strength of each individual, company, organization or government who does business in Africa. It is our choice whether we work as individual grains of sand or united to cement a stronger foundation. By joining together, we can truly accomplish great things. Africa Business Portal and the ABP Network give us that chance. Our vision is that we can create a business bridge so solid, it not only takes us across continents but into a future filled with U.S.-Africa trade and investment. JOIN ABP

BRIDGING U.S.-AFRICA TRADE AND INVESTMENT IN 2015

the National Treasury; energy and petroleum as well as agency heads of Vision 2030; LAPSSET Corridor Development Authority; the Kenya Ports Authority; the Kenya Railways Corporation and the Kenyan Roads Authority. In the days that followed, the delegation participated in various discussions led by ministers and business representatives. U.S. Ambassador Robert Godec led an in-country team briefing for the delegation and gave an overview of Kenya’s economic outlook. The discussion touched on the latest investment trends as well as security issues within the country. He also hosted a reception that offered valuable networking opportunities for the delegation. Private sector-led sessions in Kenya included a luncheon sponsored and led by Citi Bank, and a Standard Bank/CfC Stanbic Bank sponsored roundtable and reception co-hosted with the Kenya Private Sector Alliance (KEPSA), the apex body of the private sector in Kenya. The luncheon with Citi Bank was led by Joyce-Ann Wainaina, CEO Citibank East Africa, and included presentations by bank department heads focused on Citi’s history on the continent and its economic outlook on Kenya and the region. Immediately following was the roundtable discussion and reception with Standard Bank/CfC Stanbic Bank and KEPSA. This roundtable, which was open to KEPSA members, included a panel discussion with Carole Kariuki, CEO, KEPSA;

Continued on page 7...

CCA TRADE MISSION ...continued from front page.

5 The Africa e Journal

H.E. Paul Kagame, President of the Republic of Rwanda, greets trade mission delegate Burton Lang from Varian Medical Systems

H.E. Paul Kagame, President of the Republic of Rwanda, and Stephen Hayes, President & CEO of The Corporate Council on Africa

NOW ISTHETIMETOINVEST INAFRICA

“Global executives and investors cannot

afford to ignore the continent’s immense

potential. Today the rate of return on

foreign investment in Africa is higher

than any other developing region.”

— McKinsey Global Institute

banner_ad:Banner_ad_africa 1/10/12 1:08 PM Page 1

CCA MEMBER PROFILES

When you mention “Africa” in Turkey, the word that would most probably succeed it is TUSKON, because TUSKON has contributed to increasing the knowledge of Africa in Turkey via organizing “trade bridges,” investment and trade delegations, panels and forums of which Africa and its business and investment opportunities have been presented, published and distributed to the public since 2005.

TUSKON, with approximately 52,000 Turkish member companies aims to share the Turkish private sectors’ industrialization experiences with African companies, to contribute to the growth and development targets of Africa. TUSKON is at the center of this exchange of experience and information between Turkish and African entrepreneurs. The trade bridge concept has been developed by TUSKON and consists of bilateral business meetings, product exhibitions and complimentary field trips to different regions of Turkey. Trade bridge programs are open to importers of all countries and cover different sectors and provide excellent opportunities to meet with the leading manufacturers and exporters of Turkey.For more information contact Fetullah Yilmaz at [email protected] or (202) 817-9366.

Ranked as the number one engineering design firm by revenue in Engineering News-Record magazine’s annual industry rankings, AECOM is a premier, fully integrated infrastructure and support services firm, with a broad range of markets, including transportation, facilities, environmental, energy, water and government. The recent incorporation of URS furthers AECOM’s standing as a leader in all of the key markets that it serves. With nearly 100,000 employees—including architects, engineers, designers, planners, scientists and management and construction services professionals—the company serves clients in more than 150 countries around the world. AECOM’s operations in Africa boast more than 1,900 people, with a long history of working on the African continent, currently offering services in more than 30 African countries. With talented professionals in multiple locations, AECOM has the capability

and sound knowledge of Africa’s specific infrastructure needs and challenges.AECOM is also well aware of other challenges on the continent and as such supports the Young African Leaders Initiative (YALI), a signature effort by President Obama’s administration to help Africa’s most promising young leaders spur growth and prosperity, strengthen democratic governance, and enhance peace and security across Africa. A private-sector sponsor, AECOM has donated nearly $300,000 to support the development of YALI’s Presidential Precinct, one of 20 such districts in the United States. “AECOM’s support of next generation African leaders is a strong example of our participation in important projects that improve societies and change lives,” said Michael S. Burke, AECOM president and chief executive officer. “In addition to our monetary contribution, there has been immense support from our employees who have shared their global expertise in the academic and leadership component of the program.”More information on our services can be found at www.aecom.com and www.urs.com. Follow AECOM on Twitter at @aecom and @URSCorp.

LIBERIA’S TRANSPORTATION SECTOR: INVOLVING THE PRIVATE SECTOR IN RECOVERY

On January 14, The Corporate Council on Africa’s Infrastructure Working Group hosted the Honorable W. Gyude Moore, Liberia’s minister of public works, in a briefing titled “Pipeline Opportunities in the Liberian Transportation Sector.” Gyude, who until December 2014 served as deputy chief of staff to President Ellen Johnson-Sirleaf and head of the president’s delivery unit, spoke on the need to involve the private sector in Liberia’s economic recovery as the country begins to halt the deadly Ebola epidemic.

Gyude opened by noting remarkable progress in reducing the Ebola epidemic, and the need to begin the economic recovery process now. He noted that the top hospital in Liberia is inaccessible six months out of the year due to poor roads, and that transportation infrastructure is vital to rebuilding the health system.

With more than 10,000 kilometers of roads, less than 10 percent of which are paved, Liberia is looking for creative ways to finance new roads and bridges, including testing new lower-cost sealants. Possible avenues for U.S. firms include bids through the World Bank, contracts for design/build/maintain, and partnering with mining firms who are looking to increase access to mines. He pointed out a huge new iron ore mine in Guinea with the highest quality ore available today – and currently no efficient access.In addition, Gyude spoke about Roberts International Airport. Liberia secured $60 million in financing for emergency repairs to the airport, but due to the Ebola crisis, firms they had hoped would bid stayed away. Other opportunities Gyude highlighted include ports and power. The city of Buchanan sits on a natural deep water port, one of the only available in this part of West Africa. Liberia is also looking to increase its power capacity, which is currently vastly insufficient. Gyude closed his remarks by noting that the Liberian government is learning from Haiti’s post-disaster recovery, which was dominated by the governmental and NGO sectors, effectively killing the private sector. The Liberian government, he said, hopes to include the private sector in all areas of recovery. For more information, please contact Vivienne Sequeira at [email protected].

W. Gyude Moore

6The Africa e Journal

CCA HOSTS TRADE MISSION TO KENYA, RWANDA AND UGANDA ...continued from page 5.

John Ngumi, head, Investment Banking Coverage: East Africa at Standard Bank; Mike Blades, head, Corporate and Investment Banking, East Africa - Standard Bank; Vimal Shah, chairman, KEPSA; Dr. Laila Macharia, vice chair, KEPSA; and Diane Willkens, executive board member, CCA and president of Development Finance International, Inc. It focused on private sector growth in Kenya and opportunities for partnerships with Kenyan businesses. The reception provided an opportunity for all participants to continue the discussion informally and explore possible business-to-business linkages. The delegates also had the opportunity to meet and network with the leadership of the East African Business Council (EABC), the apex body of business associations of the private sector and corporations from the five East African countries. The EABC is also CCA’s counterpart in the private sector contribution to the U.S.-EAC Commercial Dialogue, which is managed by the American and East African governments. On the last day in Nairobi, the CCA delegation met with the Council of Governors, a non-partisan organization representing the governors of the 47 counties, to discuss business opportunities available in the various counties. The Kenya-portion of the trade mission was concluded with a special presentation on essential medical

technologies for cancer care that was sponsored and led by Varian Medical Systems and GE Healthcare; which gave governors and their representatives an opportunity to understand cancer and how they could collaborate with Varian and GE to deliver cancer treatments in their regions. While in Rwanda, trade mission delegates met H.E. Paul Kagame, president of the Republic of Rwanda, and received assurance and support for companies who are interested in investing in Rwanda. The CCA delegation also met ministers and principal secretaries of Ministries of Finance and Defense and Health, Agriculture, as well as agency heads of the Rwanda Development Board. The delegation also attended the in-country team briefing led by Ambassador Donald Koran, followed by a reception at the U.S. embassy, which included several Rwandan business and government leaders.Upon arrival in Uganda, the delegation was welcomed by H.E. Maria Kiwanuka, the Ugandan minister of finance, planning and economic development. H.E. Minister Kiwanuka hosted a roundtable discussion on the economic status of Uganda and how American companies could take advantage of opportunities in various parts of the country in the agribusiness, infrastructure, banking, energy and health sectors. The delegation also had an opportunity to

meet with H.E. Yoweri Museveni, president of the Republic of Uganda, Rt. Hon. Dr. Ruhakana Rugunda, prime minister and leader of government business and the Ministers of Foreign Affairs; Minister of Trade, Industry and Cooperatives, as well as agency heads of the Ugandan Investment Authority, and the Ugandan Manufacturers Association.In the days that followed, Scott DeLisi, U.S. ambassador to Uganda, led an in-country team briefing for the delegation, and gave an overview of Uganda’s economic outlook. The discussion touched on the latest investment trends as well as social issues within the country. He also hosted a reception with various business executives and government officials that offered valuable networking opportunities for the delegation.Private sector-led sessions in Uganda included a networking reception with the Board of Directors Team of the American Chamber of Commerce Uganda (AmCham Uganda), and a Standard Bank/Stanbic Bank Uganda sponsored luncheon. The reception with AmCham Uganda allowed delegates to gain insight into the Uganda market and to explore possible partnership opportunities. Patrick Mweheire, chief executive and managing director of Stanbic Bank Uganda shared a bank’s perspective on investment and business opportunities in Uganda. On the last morning in Uganda, the delegation went on a site visit to CIPLA Quality Chemical Industries Limited, which is a state-of-the-art pharmaceutical manufacturing plant located in Kampala that manufactures anti-retroviral drugs and Artemisinin-based combination therapies to combat HIV/AIDS and Malaria respectively. Throughout the trade mission, delegates had substantive discussions of their on-going plans and interests for investment and trade in all three countries. The delegates also networked heavily among themselves and are launching immediate partnerships as a result of their participation in the trade mission. A few have already made plans for follow up visits beginning in February 2015.

7 The Africa e Journal

CCA delegation meets Uganda Prime Minister Rt. Hon. Dr. Ruhakana Rugunda

Claver Gatete, Rwandan Minister of Finance and Economic Planning, with CCA delegation heading to meet with Rwandan head of state

MEMBERS OF THE CORPORATE COUNCIL ON AFRICAABB, Inc.Abt Associates, Inc. ACADEMI ACDI/VOCAAcrow BridgeADAS GroupAECOMAeolus Kenya LimitedAfrica AtlanticAfrica Business PortalAfrica ConfidentialAfrica Continental HoldingsAGCO CorporationAiteo GroupAkin Gump Strauss Hauer & Feld LLPAlbright Stonebridge GroupAllAfrica Global MediaAlphabet Energy Alpine InvestmentsAmarante UK Ltd.American Cancer SocietyAnadarko Petroleum CorporationAscot CompanyASKY AirlinesAspen GroupAstraZeneca Atlantic EnergyBaker Hostetler, LLPBechtel Ltd.Black & VeatchBloombergBlumberg Grain Boulle Mining GroupBusiness Books InternationalCAMAC InternationalCardno Emerging Markets USACaterpillar, Inc.Chariot Company Ltd. Chevron CorporationCitiCohen & Woods InternationalColgate-PalmoliveComputer FrontiersContemporary GroupContourGlobal Covenant Security SolutionsCovington & Burling, LLPCRDB BankCTG Global DAIDangote GroupDanya International Delphos InternationalDevelopment Finance InternationalDLA Piper, LLPEAI Information SystemsEdelmanEkpac China, Inc.EleQtraElizabeth Glaser Pediatric AIDS FoundationEmerging Capital PartnersEncore SolutionsEndeavor Energy Holdings LLC

Energy Resources GroupEngility CorporationERHC Energy, Inc.ERMEscambia Enterprises LLCEssex ConstructionEthiopian AirlinesExxonMobil CorporationFayus, Inc.FedEx Corporation FELTT FashionFMR Consulting, Inc. Ford Motor CompanyFreeport-McMoRanFreshfields Bruckhaus Deringer US, LLPFyodor Biotechnologies CorporationGeneral Electric CompanyGeoPollGlobal Business School NetworkGlobal Spectrum Energy Services, Ltd.GoodWorks InternationalGrainPro, Inc. GreenbergTraurig, LLPHart SecurityHayward Global Group LLC Heirs Holdings Hess CorporationHill International – North AfricaHumana People to PeopleIAP Worldwide ServicesIBMImpele Consulting GroupInchcape Shipping ServicesInitiative for Global DevelopmentInspired InterfacesInternational Conservation Caucus FoundationInternational Green StructuresInvestment Climate Facility for AfricaIREXIroko CapitalIroko Pharmaceuticals, LLCJefferson Waterman International JHPIEGOKenya AirwaysKhafra Engineering ConsultantsKosmos EnergyKPMG South AfricaKRL International LLCKupanda CapitalLand O’ Lakes, Inc.Law Offices of Kenneth G. HurwitzLazare Kaplan International, Inc. Lion’s Head Africa Ltd.M&T BankMabey, Inc.MacLean Power Systems Manchester TradeMarathon Oil CompanyMcLarty AssociatesMedtronicMerckMichael Baker InternationalMicrosoft Corporation

Mota-EngilNational 4-H CouncilNationwide EquipmentNBA South Africa BasketballNoble Energy, Inc.Novus InternationalOne Thousand & One VoicesPan African Capital GroupPeppermint Energy, Inc.Petrolin GroupPhilip Morris InternationalPhillips Consulting LimitedPlatinum GlobalREPolsinelli, PCPricewaterhouseCoopers, LLPProcter & GambleProject HOPEQatar AirwaysRabin MartinSafari Capital Limited Schaffer International ServicesSCS NetworksSEAFARER International, LLCShell Oil CompanySnotec Facilities Engineering Ltd.SOCSoEnergy InternationalSouth African AirwaysSouthern Star Shipping CompanyStandard Bank GroupStar Building SystemsSunrock InstituteSymbion PowerTaher Investment GroupTelkom SAThe Africa-America InstituteThe Boeing CompanyThe Bridges Institute The Coca Cola CompanyThe Park Expo and Conference CenterThe Sunderland Association Football ClubThe Whitaker GroupTransCenturyTribute Capital Partners LPTSM CorporationTUSKONU.S. Africa Development FoundationU.S. Bridge U.S. Pharmacopeial ConventionUnited Africa GroupVAALCO Energy, Inc.Varian Medical SystemsVelingViRural AfricaVisa, Inc.WalmartWorld Cocoa FoundationYazmi USA, LLCZenith BankZephyr Management

*List as of January 12, 2015

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