Africa Media Hub Multimedia
President of the Corporate Council for Africa Stephen Hayes on Trade with Africa
October 16, 2009 (posted)
The Corporate Council for Africa (CCA) Business Summit, held in Washington D.C between September 29 and October 1, 2009, saw participants including heads of state gather to map the way forward for doing business in Africa. A three part interview reviews these issues.
The Corporate Council for Africa (CCA) Business Summit, held in Washington D.C between September 29 and October 1, 2009 saw a record 1600 participants including 6 heads of state gather to map the way forward for doing business in Africa. The President of the CCA, Stephen Hayes, describes it as the most successful CCA summit yet.
In Part 1 of his interview with the Africa Media Hub, President Hayes takes us through the successful agreements negotiated between the United States public and private sector, with African countries such as South Africa, Nigeria, Angola, Ethiopia, Ghana and Namibia.
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In Part 2 of his interview President Stephen Hayes outlines how the agreements will be monitored and successes measured, turning the agreements at the summit into realities on the ground. President Hayes also lets us in on the key sectors the United States will focus on while looking for opportunities for trade and investment in Africa. These include, agribusiness, infrastructure, energy, and health.
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In Part 3 President Hayes engages in an interesting dialogue on the merits and perils of doing business in Africa. President Hayes, describes Africa as one of the last great emerging markets in the world, for anyone looking for new investments beyond extraction commodities. While he admits that the United States needs to increase its efforts in investing broadly in Africa, President Hayes also points out that the risk of doing business in Africa is greatly exaggerated.
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