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 JOURNALTheDEC2014

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PRESIDENT’S MESSAGE

On Tuesday, December 16, from 2 to 4 p.m., CCA’s Power Africa Working Group will present a program entitled, “Power Africa Project and Financing Opportunities and The Official Launch of CCA’s Power Africa Web Portal.” The event will be held at the Offices of Akin Gump, 1333 New Hampshire Avenue, N.W., Washington, D.C. Speakers will include Michael Philipp, chairman, Reykjavik Geothermal, Ltd. And James M. Mworia, CEO, Centum Investment Company Limited. At the next meeting of the Power Africa working group executive speakers will share the private sector perspective of how to successfully capture, finance, and conduct power projects in Africa. Reykjavik Geothermal, Ltd. will present on their successes thus far with Power Africa projects, ways that companies can

work together to overcome barriers to investment in Africa’s power sector, and potential contracting opportunities in their company’s supply chain. Centum Investment Company Limited will present on the company’s financing product offerings and requirements for investment.The meeting will also serve as the official launch event for CCA’s Power Africa/ Trade Africa web portal. The site has several features to connect businesses to transaction opportunities across every industry in Africa, such as a partnerships database and tenders portal. The site will also include opportunities to provide feedback on investment barriers, insight to the often complex tender processes of multilateral institutions, and useful information on the Power Africa and Trade Africa initiatives.

As the year draws to a close, we have a great deal for which to be thankful as an organization that represents an overwhelming majority of U.S. investment in Africa.In my view the most promising aspect of the year, has been a growing trust and relationship

between the U.S. Government (USG) and The Corporate Council on Africa. There has always been and perhaps always will be a tension between government and the private sector anywhere in the world. That tension should exist but it should be a healthy tension. We can neither have a healthy domestic economy nor be effective in supporting African development without this. It has taken a long time to get to this point in Washington, but I am optimistic that the public and private sectors are beginning to understand one another, at least regarding the importance of U.S. private investment in Africa. If this can be so for the final two years of the Obama Administration, I am confident it will continue into the next Administration, regardless of party.There was significant cooperation during the Heads of State Summit in August. CCA alone conducted twenty-three major events parallel to the USG sessions that involved at least nine Heads of State, and dozens of Ministers of African Governments. Many of our programs, especially the PowerAfrica luncheon was in full cooperation with the U.S. Government, including the White House, USAID and OPIC. The relationship with the U.S. Department of Commerce and USTR has seldom been anything but positive as we work together in planning and execution on TradeAfrica. Our working group on trade facilitation has been an excellent and ongoing effort in breaking down trade barriers, especially with East Africa, so that both the regional economy and the U.S. economy can

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Stephen Hayes

POWER AFRICA WORKING GROUP TO EXPLORE FINANCING OPPORTUNITIES AND LAUNCH NEW WEB PORTAL

ABOUT USThe Corporate Council on Africa (CCA), established

in 1993, is at the forefront of strengthening and facilitating the

commercial relationship between the United States and the African continent. CCA works closely with governments, multilateral groups and business to improve the African continent’s trade and investment climate, and to raise the profile of Africa in the U.S. business community.

A call-in option to attend the meeting remotely will also be available, by selecting “Call-in” while registering, for which call-in details will be provided before the event. For questions, please contact Mia Warner at cca@africacncl.org.

POWER AFRICA WORKING GROUP ...continued from front page.

TRANSITIONSCCA welcomes new members AECOM; Amarante UK; Endeavor Energy Holdings; Mota-Engil and TUSKON.

CCA TO CELEBRATE EXCELLENCE IN U.S.-AFRICA BUSINESS RELATIONS

Folorunsho Alakija, Group Managing Director, The Rose of Sharon Group and Executive Vice Chairman, Famfa Oil Limited is Nigeria’s first female billionaire. She built her fortune on fashion and oil. She founded Supreme Stitches, a fashion label

that catered to the country’s high society women and then diversified into the oil sector.

Sheikh Mohammed Hussein Al Amoudi is one of the world’s leading businessmen and philanthropists. He has interests across the world including MIDROC Africa headquartered in Ethiopia. One of his philanthropic ventures includes providing funds to

support the education of his MIDROC Ethiopia employees through Unity University - creating a society with a workforce capable of sustaining the country’s development.

Strive Masiyiwa, Chairman and Founder, Econet Wireless, , a diversified telecommunications group with operations and investments in Africa, Europe, North America, Latin America and the Asia Pacific. His business interests also

include renewable energy, water treatment, Coca Cola bottling, financial services and hospitality.

James M. Mworia, Group CEO and Managing Director, Centum Investment Company Limited, and its subsidiaries since October 2008. In addition to his experience in investment management, which outstretches 10 years, Mworia is a specialist

in deal sourcing and structuring, and has closed multiple transactions across Sub-Saharan Africa.

RECENT EVENTS10/26-11/14: CCA Trade Mission to Zimbabwe, Tanzania, and Zambia

11/30-12/5: CCA Trade Mission to Kenya, Rwanda, and Uganda

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CCA will award four exceptional African business leaders who have demonstrated outstanding achievement in private sector business development and superior service to nation and community with the ‘African Business Leader of the Year’ award on the evening of Tuesday, December 16, at the Omni Shoreham Hotel in Washington, D.C. For more information and to register, please go to our website http://2014awardsdinner.africacncl.org. A Celebration of Excellence in U.S.-Africa Business Relations, CCA’s 3rd annual will honor:

SAVE THE DATECCA Agribusiness Infrastructure & Investment Summit

April 1-2, 2015Massachusetts Institute of Technology, Cambridge, MA, USA

CCA welcomes Patricia Sheikh, Director of Agribusiness. Pat will provide leadership for the agribusiness community and will provide strategic thinking and oversight for CCA’s Agribusiness Infrastructure & Investment Summit

on April 1-2, 2015 at the Massachusetts Institute of Technology.Pat served as the Deputy Administrator for the Office of Capacity Building and Development at the U.S. Department of Agriculture’s Foreign Agricultural Service (FAS), from 2006 until her retirement in January 2014. In that capacity, she oversaw all global agricultural development and trade programs. She was also responsible for directing U.S. foreign policy objectives as they relate to foreign assistance,

including food aid. From 1997-2006, she served as the Deputy Administrator of International Trade Policy at FAS. As the Agency’s lead for trade policy, she was the architect of USDA’s Africa’s trade and development strategy and the Department’s North Asia trade policy strategy. North Asia continues to be the largest market for U.S. agricultural products. Her extensive work in agricultural affairs that spans a career of 39 years puts her in a unique position to tackle the complex challenges associated with agricultural sustainability, trade, food security, the role of both women and the private sector in agriculture, and the creation of programs and projects that take into account climate change. She is well known for her knowledge in understanding how to tackle problems along the agricultural value chain, the role of the private sector in agricultural development, and building regulatory structures that meet international standards and ensure food safety for domestic and imported products.

benefit. Likewise the PowerAfrica working group, in cooperation with and support of USAID is a major vehicle of information and new ideas for making PowerAfrica a success. The fruits of PowerAfrica will likely not be seen for at least three to five years, as it takes time to build power plants and set the transmission lines in place. It also takes financing and transparency from host governments. It is our job as an organization to continue to educate and push for reform, while enabling U.S. power companies to become more engaged in Africa.It should be noted that the cooperation between the U.S. Foreign Commercial offices as part of the U.S. Department of Commerce

is growing, as our trade missions are receiving positive support from Commerce. We hope that 2015 will see close cooperation between the Commerce Department and CCA as we both schedule trade missions and work together on common goals, including the goal of helping U.S. companies invest in Africa.Finally, CCA and the African Union have agreed to convene our U.S.-Africa Business Summit in Addis Ababa, Ethiopia November 2-5, 2015. This can be historic and one of the most important demonstrations of U.S. business interest in Africa ever convened. It is vital that this work, and it is equally vital that the U.S. Government and the private sector work together to make it so.

PRESIDENT’S MESSAGE ...continued from front page.

STAFF PROFILE: PATRICIA SHEIKH

CCA BOARD OF DIRECTORSRandy BroilesExxonMobil Production CompanyCarolyn CampbellEmerging Capital PartnersAliko DangoteDangote GroupMichael Dignam – Chairman EmeritusThe Corporate Council on AfricaJoe EdgeStar Building SystemsTony O. ElumeluHeirs Holdings LimitedStephen HayesThe Corporate Council on AfricaPaul Hinks – ChairmanSymbion PowerJay IrelandGeneral ElectricJude KearneyGreenberg Traurig LLPWilliam KilleenAcrow BridgeW. Russell KingFreeport-McMoRanGeorge L. KirklandChevron CorporationGachao KiunaTransCentury Limited Philip de LeonAGCO CorporationJabu MabuzaTelkom SA SOC LimitedTom McDonaldBakerHostetlerDavid PicardCaterpillarBobby PittmanKupanda CapitalJoão Miguel SantosThe Boeing CompanyThad SimonsNovus International, Inc.Jeffrey L. SturchioRabin MartinSusan C. TuttleIBM CorporationStanislav (Standa) VeceraProcter & GambleDiane M. WillkensDevelopment Finance International, Inc.Earl YoungBoulle Mining Group

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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 Amarante UK Ltd.American Cancer SocietyAnadarko Petroleum CorporationAscot CompanyASKY AirlinesAspen GroupAstraZeneca Atlantic EnergyBaker Hostetler, LLPBechtel Ltd.Beverly Development & RealtiesBlack & VeatchBloombergBlumberg Grain Boulle Mining GroupBusiness Books InternationalCAMAC InternationalCardno Emerging Markets USACaterpillar, Inc.Chariot Company Ltd. Chevron CorporationCitiCNH IndustrialCohen & 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 Partners

Encore SolutionsEndeavor Energy Holdings LLCEnergy Resources GroupEngility CorporationERHC Energy, Inc.ERMEscambia Enterprises LLCEssex ConstructionEthiopian AirlinesExxonMobil CorporationFayus, Inc.FedEx Corporation FMR 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 AfricaIAP 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 International

Microsoft CorporationMota-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 November 10, 2014

1100 17th Street, NW, Suite 1000 • Washington, DC 20036, USATel: 202.835.1115 • Fax: 202.835.1117 • www.africacncl.org

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

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