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Posted on Sustainabilitank.info on August 12th, 2014
by Pincas Jawetz (pj@sustainabilitank.info)

 

Dear Friends and Family of Africa.com,

Unprecedented. Historic. Watershed. Milestone.

Independent of what you may think of the US-Africa Leaders Summit, there is no doubt that the event could be characterized by all of these terms.

It represented a moment in history when the game changed between the US and Africa; the Summit will play a significant role in the shaping of Obama’s foreign policy legacy.

50 presidents. 1400 accredited media. 80 official events.

  Teresa’s five key observations are summarized here:

1) Ebola got more attention than it deserved – but for those Americans engaged in the bilateral meetings, the topic served as a vehicle to demonstrate that the vast and varied continent of Africa can not be painted with a single brush stroke. When the questions were raised by American, you could hear a collective sigh among the Africans, and the Americans were forced into a geography lesson that required them to understand that the ebola outbreak impacted three of the fifty four countries on the continent.

2) The main event was not the meeting among the fifty heads of state, but the business forum hosted by Secretary of Commerce Penny Pritzker and Mike Bloomberg (in his capacity as businessman, not former mayor). This was a business summit, and the African presidents got to “come along” to the party. 

There were two principal events during the week:  a) The Leaders Summit where the 50 heads of state met with Obama and b) the Business Forum where business leaders met with Obama.

In terms of influence, keep in mind that the following parties were at the Business Forum, not the Leaders Summit: 

US Delegation: 

Moderator Charlie Rose – Journalist
Jeff Immelt – CEO of GE
Virginia Rometty – CEO of IBM
Andrew Liveris – CEO of Dow Chemical
Ajay Banga – CEO of Mastercard
David Rubinstein – CEO of the Carlyle Group
Doug McMillon, CEO of Walmart
Muhtar Kent – CEO of Coca Cola 
Stephen Schwarzman, CEO of Blackstone

African Delegation:

Aliko Dangote – CEO of Dangote Group
Mo Ibrahim – CEO of Mo Ibrahim Foundation
Tony Elumelu – CEO of Heirs Holdings
Sim Tshabala – CEO of Standard Bank
Strive Masiyiwa – Chairman Econet Wireless

3) If one were to ask the average millennial African which American companies have a great influence on the continent today, the answer would no doubt include Facebook and Google. It is interesting to note that the West Coast was not represented in these business meetings.

4) African presidents have been invited en masse, in this type of context, by several trading regions throughout the world, including China and the E.U. This was simply the first hosted by the United States. Take note that the next Chinese summit is scheduled for the end of August. Keep your eye on the news to see how the Chinese react to the US’ entry into this game.

5) The First Ladies Summit was co-hosted by Michelle Obama and Laura Bush. The corporate influence in that event was also very strong, with Walmart and Caterpillar deeply engaged, including Walmart’s pledge of $100 million to empower women in Africa.

There was so much to this event, that I want to point you to additional sources of information, should you have an interest in learning more. Much like our Africa.com Top 10 curated news, I have curated my Top 7 stories on the Summit from Africa.com, New York Times, Washington Post, Forbes, Wall Street Journal, and the White House’s official website. Please find links to these articles below.

Thank you for your continued interest in Africa.com and the work we do to cover Africa. 

As always, we value your comments and observations. Please feel free to reply to this email 
with any thoughts you may have.

Kindest regards,

Teresa

Teresa Clarke
<info@africa.com>

Africa.com LLC
3 Columbus Circle
15th Floor
New York, NY 10023

Teresa’s Top 7 Stories about the US-Africa Summit:

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