African Presidents and CEOs Discuss the Future of U.S.-Africa Business at UNGA

We engaged in very important conversations this week with business and government leaders on the forefront of some of the continent’s greatest success stories

African Presidents and CEOs Discuss the Future of U.S.-Africa Business at UNGA

We engaged in very important conversations this week with business and government leaders on the forefront of some of the continent’s greatest success stories

Washington, DC – October 2, 2017: Corporate Council on Africa (CCA) hosted key meetings on the future of U.S.-Africa business in New York featuring leaders such as Rwandan President Paul Kagame and African Billionaire Mr. Aliko Dangote during the United Nations General Assembly meetings from September 18-22, 2017.

CCA hosted five events during UNGA week focused on U.S.-Africa business relations, African economic reforms, healthcare priorities on the continent and investment in several featured African nations. “We engaged in very important conversations this week with business and government leaders on the forefront of some of the continent’s greatest success stories,” said CCA President and CEO, Ms. Florizelle Liser. “CEOs of major CCA member companies had the opportunity to discuss with African government and business leaders on both the challenges and opportunities for enhanced U.S.-Africa business partnerships and increased investment into Africa’s rapidly changing economic landscape.”

CCA’s flagship event during UNGA, the Presidential Dialogue on the Future of U.S.-African Business Relations featured H.E. President Paul Kagame, President of Rwanda and Mr. Aliko Dangote, CEO of the Dangote Group. The discussion – hosted at Shearman and Sterling LLP’s New York Office and moderated by Ms. Rosa Whitaker, CEO of The Whitaker Group – discussed the business environment in Africa and potential ways to forge U.S.-Africa business relations and partnerships that contribute to increased and move diversified U.S.-Africa trade and investment.

Mr. Dangote expressed hope that oil prices continue to remain low to force African economies to diversify. “Agriculture, agriculture, agriculture. Africa will become the food basket of the world,” said Mr. Dangote. He also credited growth in countries like Rwanda to a commitment to good governance. President Kagame highlighted some of the misconceptions many investors still have about Africa. “People have developed a misconception that corruption is the way of life in Africa. This is far from the truth,” he said.

On Wednesday, September 20 CCA hosted its Forum on Advancing Health Priorities in Africa and its Africa Finance Forum: Reforming the African Economy. The Health Forum centered around partnerships on non-communicable diseases in Africa, an area of rising concern for international health experts, African governments, and other partners. Much of the discussion centered around the enabling environment for successful public/private partnerships in the African health sector. The Finance Forum, a follow up to CCA’s earlier discussion during the World Bank Spring meetings, focused on critical reforms in African economies that are needed to effectively address bottle-necks to investors and businesses.

Finally, CCA held special by-invitation CEO investor roundtables with heads of state and other senior officials of Nigeria, Gabon, and Equatorial Guinea. On behalf of H.E. President Muhammadu Buhari, Nigerian Minister of Foreign Affairs, Hon. Geoffrey Onyeama, was joined by four other ministers in a discussion with CEOs of major companies on the prospects for U.S.-Nigeria trade and investment. At events featuring H.E. Ali Bongo Ondimba and H.E. President Obiang, Presidents of Gabon and Equatorial Guinea respectively, CEOs and senior business officials discussed not only prospects in the oil and gas sectors, but the growing opportunities in diverse sectors across those two countries.