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 JOURNALTheOCT

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A recent survey was sent to all CCA members. It had a remarkable rate of return at nearly 60 percent, indicating a strong interest in the future directions of CCA. One of the questions we asked was what government institutions were most important to

your relationships and business in Africa. It was no surprise to me that the State Department ranked first. However, the relationship with the Export-Import Bank of the United States was ranked as a very strong second. I admit some surprise given that several of our members have expressed considerable frustration with the pace of decision-making within the Ex-Im Bank, and the difficulty that many have securing financial support through Ex-Im in support of customers in Africa.However, with a bit deeper reflection, it is very apparent of the importance of the Ex-Im Bank, even to those who are concerned by the slowness and sometimes aversion to risk evident in their decision-making. Deals in Africa are far more dependent on assurances of financing and financial guarantees than in other regions of the world. Without some certainty of financing, badly needed investment in infrastructure doesn’t happen and what does happen goes to businesses in other countries like China. Financing is in place quicker elsewhere and their systems are much more centralized. Our competitive advantages are in quality and long-term durability, but we can’t compete without financing and financial guarantees. Ex-Im Bank is one of the very few structures in America designed to help U.S. companies selling abroad.

The Corporate Council on Africa (CCA) hosted several high-level special events around the United Nations General Assembly in New York in the last week of September. The roster included a presidential breakfast with H.E. Uhuru Kenyatta, President of the Republic of Kenya and a presidential luncheon with H.E. Hage Geingob, President of the Republic of Namibia. President Kenyatta led a strong Kenyan delegation and highlighted Kenya’s special economic zones and how U.S. companies can take advantage of them (page 4). The event also featured a special presentation by CCA member and event sponsor, AKL, on their work on the LAPSSET corridor, which will link Kenya, Uganda, South Sudan and Ethiopia. President Geingob of Namibia emphasized the country’s commitment to diversify its economy

beyond the mining industry, and celebrated the success of Namibia’s Walvis Bay Corridor (page 4).In addition to the presidential events, a special by-invitation only event on power was hosted in partnership with the Tony Blair Africa Governance Initiative (AGI). Tony Blair, Patron of AGI and Chairman of the Power Africa Senior Advisors Group, was joined by Hon. Amb. Claver Gatete, Minister of Finance and Economic Planning, the Republic of Rwanda, Hon. James Musoni, Minister of Infrastructure, the Republic of Rwanda, Tutu Agyare, Senior Advisor, Power Africa and CCA members Joseph Brandt, President & CEO, ContourGlobal and Paul Hinks, CEO, Symbion Power to discuss the challenges around “Shortening the Time for the Delivery of Private-sector Funded Power Projects” with attendees.

THE MADNESS OF CONGRESS

PRESIDENT’S MESSAGE

Stephen Hayes

CCA HOSTS SPECIAL EVENTS FOR UNITED NATIONS GENERAL ASSEMBLY

L-R: Richard Herbert, Chairman and CEO, Aeolus Kenya Limited, H.E. President Uhuru Kenyatta, Stephen Hayes, President and CEO, CCA and Amb. Amina Mohammed, Cabinet Secretary for Foreign Affairs of Kenya.

ASTRAZENECA AND CCA ADDRESS THE RISE OF NCDs ACROSS AFRICA

On September 15, CCA hosted a panel on “Addressing the Chronic Disease Crisis across Africa,” at the Newseum in Washington, DC. The panel, sponsored by CCA member AstraZeneca, highlighted the heavy toll that non-communicable diseases are taking in Africa, as well as the innovative partnerships that are taking place in order to tackle them. Panelists included Dr. George Mensah, Senior Advisor at the Heart, Lung and Blood Institute at the National Institutes of Health (NIH), Mr. Mark Mallon, Executive Vice President at AstraZeneca, Dr. Leslie Mancuso, President and CEO of Jhpiego and Dr. Jeff Sturchio, President and CEO of Rabin Martin as moderator.H.E. Mathilde Mukantabana, Ambassador of the Republic of Rwanda, opened the panel with a keynote address. She noted that after the 1994 genocide, Rwanda rebuilt their health system with a focus on integrated healthcare and expanding access to healthcare especially in rural areas. In addition to treatment, prevention and risk factors are also a priority. The Ambassador highlighted Rwanda’s free NCD checkups for women over 35 and men over 40, covered under the country’s community-based health insurance.The Ambassador also highlighted the work Rwanda has done in preventing cervical cancer, with over 90% of girls being vaccinated for HPV. As moderator, Rabin Martin President and CEO Dr. Jeff Sturchio pointed out, that is a significantly higher coverage rate than here in the United States, proving that “good news… doesn’t just come from developed countries.”Non-communicable diseases (NCDs), which

include diseases such as heart disease, cancer, and respiratory diseases, are a major cause of death and disability across the continent and are on the rise. Dr. Mensah noted that the health workforce is severely limited on the continent: sub-Saharan Africa accounts for 25% of the world’s burden of disease, but only has 4% of the world’s healthcare workers. The NIH is interested in partnerships to improve treatment, prevention, and research capacity, he said. For example, the National Cancer Institute is creating regional centers of excellence for NCDs in low and middle income countries.

Addressing the issue of research, Mr. Mallon stated that “companies like AstraZeneca have an important role to play in making a difference in non-communicable diseases,” and have an “obligation” to use their resources to help address the issues. AstraZeneca’s Healthy Heart Africa program, which began last year in Kenya, hopes to build partnerships and research to address the issue of hypertension, a debilitating problem which often goes undiagnosed and untreated in much of Africa. They plan to reach 10 million hypertensive patients by 2025, by adapting existing health programs (such as HIV clinic systems) to combat NCDs as well.Working with partners ranging from NGOs such as Jhpiego to the Kenyan government, AstraZeneca recently completed the first baseline study of hypertension prevalence and treatment in Kenya. They found that not only is hypertension a growing problem, but many

frontline health workers are unable to identify it or know how to treat it. Information from the study is vital to AstraZeneca, as they hope to bring their drugs to markets in east Africa and beyond.Dr. Mancuso, President and CEO, Jhpiego emphasized the need to focus on healthcare workers, as well as creating public-private and corporate-nonprofit partnerships. Programs such as Healthy Heart Africa, as well as many of Jhpiego’s programs treating and preventing cervical cancer, work best when they involve the private sector, NGO/global health practitioners, and local governments. All of the panelists emphasized that this is an important time for anyone who cares about NCDs. As governments and the private sector are beginning to implement programs, there is an opportunity to evaluate their effectiveness and push for scale-up of successful interventions. As Mr. Mallon stated, “we know what works, and we have the medicines to treat [many NCDs],” it’s now a matter of figuring out how to get these treatments to those who need them. In order to prevent NCDs from becoming a debilitating crisis, much needs to be done. Dr. Sturchio noted that CCA is helping contribute to partnerships by organizing forums to facilitate discussions and provide a place for the private sector to work together with NGOs and governments. Only through such partnerships can we tackle the challenge of NCDs across the continent.

CCA AND THE AFRICA SOCIETY HOST A FAREWELL LUNCHEON IN HONOR OF AMB. MITIFUAmbassador Faida Mitifu, departing ambassador to the United States from the Democratic Republic of the Congo (DRC) was honored at a special reception and farewell luncheon co-hosted by CCA

and The Africa Society on Wednesday, September 9.

Ambassador Mitifu was one of the longest serving ambassadors in the Diplomatic Corp in Washington who actively promoted not only U.S.-DRC relations, but U.S.-Africa relations as well. A strong advocate for U.S. trade and investment in Africa, Amb. Mitifu initiated and supported the first African Growth and Opportunity Act (AGOA) conference in Kinshasa, which was organized in partnership with CCA. According to her bio from the DRC embassy, Amb. Mitifu was also actively

involved in promoting the best teaching on Africa in American classrooms. Ambassador Mitifu mentored students, participated in several African Union Model events and worked in partnership with the Africa Society at the National Summit on Africa and the World Affairs Council. Ambassador Mitifu is being replaced by His Excellency François Balumuene Nkuna.

Amb. Faida Mitifu

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L-R: The NCD Panel: Dr. Jeff Sturchio, Dr. Leslie Manusco, Mark Mallon and Dr. George Mensah.

Mark Mallon, Executive Vice President, AstraZeneca speaking on the company’s plan to reach 10 million patients.

H.E. Mathilde Mukantabana, Ambassador of the Republic of Rwanda delivered the keynote address.

U.S. FINANCING OPTIONS FOR AGRICULTURAL DEVELOPMENTOn Thursday, September 24, 2015, CCA held an agribusiness working group meeting to highlight government financing programs that support agribusiness development. Speakers included Mark Rowse, Director, Credit Programs and Nicola Sakhleh, Branch Chief, Food for Progress Program of FAS and Bruce Cameron, Director, Ag and Project Finance, Overseas Private Investment Corporation (OPIC). Mark Rowse, USDA/FAS opened up the discussion with a brief outline of the GSM 102 Export Credit Guarantee Program ($5.5 billion) that provides guarantees to encourage financing of commercial exports for over 190 U.S. agricultural products. The objective of the program is to protect U.S. exporters or U.S. banks against non-payment by the importers’ foreign bank under a Letter of Credit. This program guarantees 98% of the loan principal, covers a portion of the interest, and fees are fully transparent. The coverage is for up to 18 months and freight costs are usually covered. Over 140 banks are covered in almost 80 countries. He also spoke about the Facilities Guarantee Program that focuses on establishing or improving facilities or providing goods and services to improve the handling, storage, processing or distribution of agricultural imports in emerging markets. The USDA pre-approved foreign financial institution issues a letter of credit to cover the sale of the project. USDA’s payment guarantee covers the exporter or more typically, the exporter’s U.S. financial institution that has taken assignment of the guarantee and extended loan terms if the foreign financial institution defaults.

Bruce Cameron discussed medium-to-long term funding through loans and loan guarantees to eligible U.S. investment projects in developing and emerging markets. OPIC’s minimum loan/guaranty size is $350,000 and the maximum is $250 million. OPIC can work with co-lenders if a project is larger than OPIC’s maximum per project lending. Financing covers capital costs such as design/engineering services, facility construction or leasehold improvements, and equipment associated with the establishment or expansion of a project in a non-financial industry or to fund the expansion of lending capacity such as microfinance, SME lending or mortgage lending by a financial services provider. OPIC does not consider financing requests that are solely for working capital needs or for the purpose of making an acquisition, though limited working capital or acquisition costs may be financeable if they are a portion of overall project costs. OPIC does not finance export sales that are unrelated to long-term investments in overseas projects.Nicola Sakhleh spoke about the collaboration between OPIC and FAS to leverage their resources to create more synergies in the overall U.S. government’s effort to enhance agribusiness development. Similar to the other two programs highlighted at this session, the goal of the FFP program is to support the expansion of private enterprise. An example of this collaboration is the East Africa (Kenya, Tanzania and Malawi) loan guarantee facility that is being leveraged by the AIM award Global Communities in implementing under an FFP award.

The Vice President of The Corporate Council on Africa, Ambassador Robert Perry, paid a five-day courtesy visit to Nigeria. From September 11-15, Amb. Perry and CCA representative in NIgeria, Ekenem Isichei, held several meetings with key public and private sector stakeholders in Nigeria. The visit started off with CCA’s participation at the SME Financing Conference in Abuja organized by the Nigerian American Chamber of Commerce. In attendance were the Vice president of Nigeria, Prof. Yemi Osinbajo and Charles H. Rivkin, the Assistant Secretary of State for Economic and Business Affairs. Ambassador Perry spoke at the conference and presented value added models for SME financing. The CCA team met with the Lazarus Angbazo, CEO of GE Nigeria. The team also met with Arc. Sonny Echono, Permanent secretary, Ministry of Agriculture and discussed areas of synergy between the Ministry of Agriculture and CCA.

CCA also met with Ambassador Godknows Igali, Permanent Secretary, Ministry of Power, who hosted the team at a dinner reception. At the dinner reception he spoke about the current and future initiatives for power reform in Nigeria and commended CCA for being a great partner. Ambassador Perry in his remarks resolved to keep adding value to the power reforms plans in Nigeria. The team then headed to Lagos where Heirs Holdings hosted the inaugural working group and a dinner reception for CCA members in Nigeria. Several CCA members in Nigeria were in attendance including IBM, Symbion Power, Procter and Gamble, Phillips consulting, Zenith Bank and Toucan Aviation. The meeting had great discussions around government policies, private sector engagement and adding value to the Nigeria economy. Several key private sector companies also attend the reception. The team also met with Mr. Muda Yusuf, Director General and Alhaji Remi Bello, CEO of the Lagos state Chamber of Commerce and Industry. The discussions centered around finding new ways to collaborate and the upcoming U.S.–Africa Business summit in February 2016 in Addis Ababa, Ethiopia.

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CCA HOSTS FIRST WORKING GROUP IN NIGERIA

R-L: Amb. Robert Perry, Vice President, CCA ,Tony Elumelu, CON, Chairman, Heirs Holdings and Jim Ovia, Chairman, Zenith Bank.

On September 29, 2015, CCA hosted a presidential breakfast with H.E. President Uhuru Kenyatta, sponsored by Aeolus Kenya Limited (AKL). President Kenyatta, who was in New York for the

UN General Assembly meetings, spoke to members of the private sector as well as Kenyan and U.S. government officials. He was introduced by Mr. Arun Kumar, Director General of the U.S. and Foreign Commercial Service and Assistant Secretary for Global Markets at the U.S. Department of Commerce. President Kenyatta spoke about Kenya’s evolving business climate and touted major investments in transportation such as the LAPSSET (Lamu Port to South Sudan and Ethiopia Transport) Corridor. Kenya is well on its way to becoming middle income, he stated, with the government attempting to provide access to credit to all Kenyans, as well as improving and streamlining regulations to improve business. A major component of Kenya’s growth strategy is to improve connectivity with its neighbors in the region – improving transportation links, as well

as standardizing phone and Internet connections and networks. “Kenya is open for business,” President Kenyatta said. He emphasized that partnerships, such as the PPP being implemented with the LAPSSET Corridor project, are a win-win. “We want to give [investors] a good return,” he said, stating that increased investment in Kenya results in more government funds to build schools and clinics and builds shared prosperity for all Kenyans.Following President Kenyatta, Mr. Richard Herbert, Chairman and CEO of Aeolus Kenya Limited, gave a short presentation about the LAPSSET Corridor project. AKL, a Kenyan company, is the lead on the project. The immensely complex project will eventually include road, oil pipeline, port, airport, and railway improvements, and requires the coordination of three national governments as well as many private sector partners.

PRESIDENT KENYATTA TOUTS KENYA’S EVOLVING BUSINESS CLIMATE

PRESIDENT GEINGOB HIGHLIGHTS NAMIBIA’S ECONOMIC DIVERSIFICATION

On September 30, CCA was pleased to welcome back His Excellency Hage Geingob in his role as third President of the Republic of Namibia. President Geingob has long been an advocate for the private sector and a steadfast supporter of CCA’s mission to increase U.S. investment in Africa.In addition to being one of the continent’s most stable democracies in Africa, Namibia presents a stable macro-economic outlook. In little more than a decade this SADC country has steadily grown its economy. Today, Namibia’s GDP per capita is close to $6,000 - one of the highest in Africa.

President Geingob said his nation has done much to diversify its economy beyond the mining industry for which it is known. In recent years it has focused on infrastructure and developed a vibrant tourism sector.This year, Namibia’s Walvis Bay Corridor celebrated its 15 years and has become SADC’s largest transport hub. It has allowed land locked nations such as Botswana and Zimbabwe to take advantage of its dry ports and warehouses. The Trans Kalahari railroad has greatly expedited transportation of goods, shortening the time by almost 13 days. Namibia has undertaken a massive expansion project to increase the size of its port and is expected to inaugurate its new facilities in 2017. President Geingob highlighted other areas of importance such as tourism, housing and food security. As for the famous Kudu natural gas reserves, he said that estimates range from 1.3 trillion cubic feet to 3 trillion cubic feet. The challenge thus far has been the depth of these offshore reserves, which make

exploitation difficult.This luncheon was made possible by a generous sponsorship of CCA member companies General Electric Company and United Africa Group.

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President Kenyatta addressing CCA members.

CCA Chairman and Symbion Power CEO, Paul Hinks greets President Kenyatta.

CCA President and CEO, Stephen Hayes presents a gift to President Kenyatta.

CCA President and CEO, Stephen Hayes presents a gift to President Geingob.

President Geingob.

I am optimistic about the future of Africa, because I see a vibrant and knowledgeable group of young African entrepreneurs, educators and thinkers who have an understanding of the Pan African vision of collective self-reliance, unity and the fact that the fate of all African peoples and countries are intertwined. They are aware that both continental Africans and those in the Diaspora share not just a common history but a common destiny as well. They are also aware of the need for good governance, the development of operational capacity, transparency and the rule of law, and they are working both inside and outside of Africa for the betterment of our continent. These young Africans are moving in strategic ways to ensure the future of our beloved continent. These attributes are the very foundation upon which the Petrolin Group was founded. The Petrolin Group is a Pan-African oil group which was created in 1992 and is active in areas of trading, exploration and production, with offices in Capetown, Cotonou, Geneva and Libreville. We have operations and/or strategic interests in Central and West Africa (Nigeria, Gabon, Congo, DRC, Ivory Coast), in the Great Lakes region (Burundi, Malawi, Zambia) and in the Middle-East. (www.petrolingroup.com).Petrolin was created to contribute to the promotion of the African oil industry through efficient partnerships between African businessmen and women, and international companies, such as Engen, which in July 1994, right after the historic election of President Mandela, was inspired by Petrolin’s mission and thus established a partnership

with us. The partnership allowed Engen to do business in more than 10 African countries creating the Pan African entity, Energy Africa, listed on the Johannesburg Stock Exchange in 1996.During the life of our company, we have grown into a geographically diversified group, with subsidiaries and assets that have been developed either alone or with first-rate strategic international partners such as Engen, Tullow, Hess, and Shell. While we have a strong belief in strategic international partnerships, we maximize the utilization of local indigenous expertise and knowledge. As a result of this corporate ethic, we and our local partner, won the tender launched by Shell, Agip and Total for the OML 34 oil concession in Nigeria, which supplies natural gas to Nigeria, as well as the West African pipeline, which extends to Togo, Ghana and Benin.Petrolin operates under stringent good governance principles by submitting to international tender processes. In this regard, Petrolin has qualified and won many strategic international tenders such as the Railroad Tender won in 2010 which was launched by the States of Benin and Niger. As part of our diversification policy, we believe that infrastructure and technology will transform Africa. Petrolin was an early investor in the South African telecom, MTN. In the area of infrastructure, the Backbone Project in West Africa is the brainchild of Petrolin which includes the development of a petroleum, mineral and commercial port, the dry port of Parakou in Benin - which has just been completed, an international airport and the Cotonou-Parakou-Dosso-Niamey railway corridor to transport cargo and mineral ores to/from Benin and landlocked countries including Niger, Burkina Faso, Mali and Northern Nigeria.Finally, Petrolin Group contributes to the wellbeing of African populations through its humanitarian Pan-African NGO, Fondation Espace Afrique, registered and recognized as a Not for Profit Organization by the Canton of Geneva. (www.f-espaceafrique.com)Samuel Dossou-Aworet is the Founding Chairman of the Petrolin Group, which is a member of CCA. He serves as Executive Vice President of the African Business Round Table (ABR) and Chairman of All-Africa Investment Corporation. Mr. Dossou-Aworet, is a Petroleum engineer with over forty years’ experience in the oil industry and he has held several high-level industry positions, including Chairman of OPEC Board of Governors, Chairman of Expert Committee of African Petroleum Producers Association (APPA) General Manager of Hydrocarbons in Gabon.

AFRICA HAS A BRIGHT FUTURESamuel Dossou Aworet Chairman, THE PETROLIN GROUP

STEPHEN HAYESPresident and Chief Executive Officer

ROBERT C. PERRYVice President for International Programs

ASFAW ALEMAYEHUDirector, East Africa Region

CARLA BATTLEDirector, U.S.-Africa Business Summit 2015

KELLY BURTON Assistant to the CFO

MICHAELA EHIMIKAManager, Marketing

MORAYOR ESSIEHPowerAfrica/TradeAfrica Associate

LLOYD JAMESONSenior Advisor to the President and Vice PresidentActing Director, Energy and Power

BIOVA KABINEDirector, Finance

KATIE LOOTENSProgram Manager, Health

HILLARY LUCASDirector, Human Resources & Executive Assistant to the President

SONIA MFASONIProgram Manager, East Africa

PRISCILLA MUTEMBWADirector, ICT

RAYMOND RAWLINSChief Financial Officer

VIVIENNE SEQUEIRADirector, Infrastructure

PATRICIA SHEIKHDirector, Agribusiness

DANIEL WOLFDirector, Membership

CCA STAFF

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CCA MEMBER PROFILES

Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide, and has a strong presence in Africa. Chevron understands that Africa is vital to the world’s energy supply and will continue to be important in meeting increasing global energy demand. The company has been doing business on the continent for more than a century, building successful operations, evaluating new opportunities, and pursuing those that fit with its growth strategy.On the African continent, Chevron has

interests in Morocco, Mauritania, Sierra Leone, Liberia, Ghana, Togo, Benin, Republic of the Congo and Democratic Republic of the Congo, and is one of the top oil and gas producers in both Angola and Nigeria.Everywhere Chevron operates, it strives to build productive and innovative relationships with governments, businesses and communities. The company transfers scientific, technological and operational knowledge to host countries and invests in social programs that build strong, sustainable local economies with healthy, thriving populations.Worldwide, Chevron is involved in virtually every facet of the energy industry: exploring for, producing and transporting crude oil and natural gas; refining, marketing and distributing transportation fuels and lubricants; manufacturing and selling petrochemical products; generating power and producing geothermal energy; investing in profitable renewable energy and energy efficiency solutions; and developing the energy resources of the future.More information is available at www.chevron.com.

The American Cancer Society (ACS) is committed to helping save lives that otherwise might be lost to cancer, diminishing suffering, and reducing the global threat of the disease. The ACS’s focus is on countries with the most need where we can achieve measurable results. The ACS knows that many cases of cancer can be prevented or treated successfully, especially if detected early. The ACS supports local cancer organizations, hospitals, and governments in their efforts to improve cancer literacy and awareness around risk factors through increased access to high-quality information. The ACS program builds the capacity of cancer organizations in low and middle income countries (LMICs) to increase government support for the implementation of effective and proven prevention measures, particularly in the areas of tobacco control and cervical cancer; and improves treatment outcomes

in LMICs by expanding access to high-quality chemotherapy, radiotherapy, and pain relief, and getting patients diagnosed and into treatment earlier. Recognizing that cancer treatment efforts in Africa are severely limited by the lack of a trained oncology workforce, the Society is working with partners to establish a fund to assist ministries of health to train an oncology workforce. The ACS also supports the introduction of low-cost oral morphine in several countries that previously did not have any opioids. In addition, the Society is committed to enhancing the capacity of cancer organizations in LMICs to lead the fight against cancer in their countries. To redress the growing global cancer burden, the Society collaborates with organizations such as the Union for International Cancer Control, the World Health Organization, the United Nations, and the NCD Alliance to elevate cancer and other noncommunicable diseases (NCDs) on the global health and development agenda. Additionally, the ACS offers support to civil society organizations to strengthen their advocacy efforts and provide in-depth training in advocacy to young leaders from LMICs to help ensure that effective cancer and NCD control is included in national policies.For more information, visit www.cancer.org.

CCA BOARD OF DIRECTORSRandy BroilesExxonMobil Production CompanyCarolyn CampbellEmerging Capital PartnersAntony CookMicrosoftAliko DangoteDangote GroupMichael Dignam, Chairman EmeritusThe Corporate Council on AfricaJoe EdgeStar Building SystemsTony O. ElumeluHeirs Holdings LimitedStephen HayesThe Corporate Council on AfricaPaul HinksSymbion PowerJay IrelandGeneral ElectricJay JohnsonChevron CorporationJude KearneyGreenberg Traurig LLPWilliam KilleenACROW BridgeDan P. KravetsFreeport-McMoRanGachao KiunaTransCentury LimitedPhilip de LeonAGCO CorporationJabu MabuzaTelkomTom McDonaldBakerHostetlerDavid PicardCaterpillarBobby PittmanKupanda CapitalTarek RabahAstraZenecaRaymond RawlinsThe Corporate Council on AfricaGilberto RodriguesMota-Engil AfricaJoão Miguel SantosThe Boeing CompanyMichael SpiveyWalmartJeffrey L. SturchioRabin MartinGilles de VignemontPricewaterhouseCoopersEarl YoungBoulle Mining Group

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ABOUT USThe Corporate Council on Africa (CCA) is a nonprofit, membership-based organization established in 1993 to promote business and investment between the United

States and the nations of Africa.

Register now to make connections,build new partnerships and come

away with tangible, valuable resultswww.summit.africacncl.org | #AfricaBizSummit

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

It is therefore with great dismay and disbelief that Congress has not renewed the mandate for Ex-Im Bank and has allowed it to expire, making it impossible for some companies to sell to Africa, or anywhere else for that matter. Some Congressmen and Senators have argued that the EX-IM Bank is simply a system for corporate welfare, noting that most of its support goes to only a few major companies. However, this is not an accurate interpretation of how Ex-Im operates. Ex-Im doesn’t provide loans to companies. It provides guarantees to potential customers in developing countries. Once Ex-Im provides the guarantees, then a bank becomes interested in providing the loan because Ex-Im guarantees payment. Certainly there are many more companies that do get Ex-Im support, but the bulk of that support has gone primarily to the aircraft manufacturers and the companies that are engaged with that industry. However, the fact is that without Ex-Im support we don’t have an aerospace manufacturing industry in America. Ex-Im support allows the aerospace manufacturers to sell in a timely manner to countries seeking U.S.- made products. The Boeing Company alone has employees in forty-nine (49) States in the country. General Electric, which manufactures engines for the aircraft industry also has plants and workers throughout the country. The engines that will supply the electric power industry in Africa, a central tenet of U.S. policy to Africa, are made in America…for now.

General Electric has already announced the necessity of moving a part of its operations out of the country due to the shutdown of the Ex-Im Bank. The fact is that Congress may harm the U.S. aircraft manufacturing industry and seriously damage one of America’s corporate giants and the thousands of U.S. suppliers that provide parts and components by shutting down Ex-Im as they have. I have seen confidential correspondence that underlines this reality. While there is some merit in the claim that Ex-Im serves too few, Congress itself is to blame for this mess. Ex-Im was created to mitigate risk for American companies selling abroad. Yet Ex-Im’s performance and the raison d’etre is measured and reviewed by Congress based on how much net profit it returns to the Treasury each year, thus inhibiting anything remotely seen as risk. It is no surprise that support for businesses investing in Africa is the lowest of any geographic region in the world, even though it is the fastest growing market worldwide as it is seen as high risk by those in Ex-Im Bank. That alone is a problem that Congress must address. However, before Congress does that it is of the highest importance that Congress end the madness that is putting U.S. industry and manufacturing and the American economy at risk and reauthorize the Ex-Im Bank immediately. More than a few corporations and hundreds of thousands of jobs are at real risk.

TRANSITIONSCCA welcomes new members Gilead Sciences; LEKOIL Limited; Management Sciences for Health; and Plexus Consulting.

RECENT EVENTS9/9: CCA and The Africa Society of the National Summit on Africa host a reception and farewell luncheon In honor of Her Excellency Faida Mitifu Ambassador of the Democratic Republic of the Congo to the United States

9/10: A Special Session on CCA-Nigeria Partnership hosted by Tony Elumelu with guest speakers Tony Elumelu, C.O.N, Chairman, Heirs Holdings and Ambassador Robert Perry, Vice President, The Corporate Council on Africa

9/10: CCA’s Nigeria Working Group presents “Reception in Honor of Ambassador Robert Perry Vice President, The Corporate Council on Africa” hosted by Tony Elumelu, C.O.N, Chairman, Heirs Holdings

9/15: CCA’s Health Working Group and AstraZeneca present “Addressing the Chronic Disease Crisis across Africa” at The Newseum, Washington, D.C.9/17: CCA presents “A Roundtable Discussion on Opportunities in Isiolo County, Kenya” with guest speaker Governor Godana Adhi Doyo9/22: CCA’s Trade Working Group presents “A Readout on The AGOA Ministerial in Gabon” teleconference

9/24: CCA’s Agribusiness Working Group presents “Government Financing Programs that Support Agribusiness Development” with guest speakers from USDA/FAS and OPIC’s Bruce Cameron

9/25: CCA presents “A Roundtable Luncheon on Opportunities in Kiambu County, Kenya” with guest speaker Governor William Kabogo9/27-30: CCA presents “Special Events complementing the United Nations General Assembly in New York”9/30: CCA and the Tony Blair Africa Governance Initiative (AGI) present “Shortening the Time for the Delivery of Private-sector Funded Power Projects”

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MEMBERS OF THE CORPORATE COUNCIL ON AFRICAABB, Inc.ACDI/VOCAAcrow BridgeAdepetun Caxton-Martins Agbor & SegunAECOMAeolus Kenya LimitedAfrica AtlanticAfrica Business PortalAfrica ConfidentialAfrica Continental HoldingsAfro Tourism West Africa LimitedAGCO CorporationAlbright Stonebridge GroupAllAfrica Global MediaAlpine InvestmentsAmarante UK Ltd.American Cancer SocietyAnadarko Petroleum CorporationAscot CompanyAsoko InsightAssociation of Equipment ManufacturersAstraZeneca Baker Hostetler, LLPBechtel Ltd.Black & VeatchBoulle Mining GroupBusiness Books InternationalCAMAC InternationalCaterpillar, Inc.Chevron CorporationCitiCNFACohen & Woods InternationalColgate-PalmoliveComputer FrontiersConsolidated Contractors CompanyContourGlobal Covington & Burling, LLPCrowe HorwathCTG Global DAIDangote Group Delphos InternationalDentons US LLPDevelopment Finance InternationalDLA Piper, LLPDLR GroupEAI Information SystemsEdelmanEleQtraElizabeth Glaser Pediatric AIDS FoundationEmerging Capital Partners

Endeavor Energy Holdings, LLCEngility CorporationERHC Energy, Inc.Essex ConstructionEthiopian AirlinesExchange Data InternationalExxonMobil CorporationFayus, Inc.FELTTFMR Consulting, Inc. Ford Motor CompanyFreeport-McMoRanFreshfields Bruckhaus Deringer US, LLPGeneral Electric CompanyGeoPollGilead SciencesGlobal Business School NetworkGlobal Spectrum Energy Services, Ltd.GoodWorks InternationalGrainPro, Inc. GreenbergTraurig, LLPGroupe Jeune AfriqueHart SecurityHeirs Holdings Hess CorporationHumana People to PeopleIBMInchcape Shipping ServicesIndex Brook LimitedInitiative for Global DevelopmentInspired InterfacesInternational Conservation Caucus FoundationInternational Green StructuresInvestment Climate Facility for AfricaIREXIroko Pharmaceuticals, LLCJefferson Waterman International JHPIEGOKhafra Engineering ConsultantsKosmos EnergyKRL International LLCKupanda CapitalLaw Offices of Kenneth G. HurwitzLazare Kaplan International, Inc. LEKOILMacLean Power Systems Management Sciences for HealthManchester TradeMarathon Oil CompanyMcLarty AssociatesMedtronic, Inc.Michael Baker InternationalMicrosoft Corporation

Minority Business Development AgencyMota-Engil AfricaNBA South Africa BasketballNoble Energy, Inc.One Thousand & One VoicesPan African Capital GroupPetrolin GroupPhilip Morris InternationalPhillips Consulting LimitedPioneer EnergyPlatinum GlobalREPlexus ConsultingPolsinelli, PCPricewaterhouseCoopers, LLPProcter & GambleProject HOPER.S Logistical SolutionsRabin MartinShell Oil CompanySkyPower Services ULCSOCSouth African AirwaysSouthern Star Shipping CompanyStandard Bank of South AfricaStar Building SystemsSunrock InstituteSymbion PowerTelkom SAThe Africa-America InstituteThe Boeing CompanyThe Bridges Institute The Coca-Cola CompanyThe Whitaker GroupToucan AviationTransCenturyTSM CorporationTUSKONU.S. Africa Development FoundationU.S. Pharmacopeial ConventionUnited Africa GroupUnited Bank for AfricaVarian Medical SystemsVeraDaniel & CompanyVisa, Inc.Vital Capital FundWalmartWorld Cocoa FoundationYazmi USA, LLCZenith BankZephyr Management

*List as of October 2015

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