The JUL A 2015 AFRIC eJOURNAL The monthly newsletter of The Corporate Council on Africa

PRESIDENT’S MESSAGE The Corporate Council on Africa will convene its 10th biennial U.S.-Africa Business Summit November 2-5, 2015 in Addis Ababa, Ethiopia. It should be a great one. For the first time, we will have an official co- host, and it is difficult to imagine a more Stephen Hayes appropriate co-host than the African Union. The Corporate The trade mission delegation kicks off meetings in Zambia with delegation lead, Philip de Leon. Council on Africa has enjoyed a special relationship with the African Union, having CCA TRADE MISSION EXPLORES signed a Memorandum of Understanding with Africa’s most important international organization six years ago. The Corporate INVESTMENT OPPORTUNITIES Council on Africa remains the only United States business organization to enjoy that IN ZAMBIA AND ZIMBABWE privilege. We do not take this lightly and The Corporate Council on Africa led investments in the region, harmonize rules have worked with the African Union in a a delegation of high-level business to facilitate investments, and develop number of ways over the years. We look executives on a trade mission to Zambia regional value chains. forward to working with them at this level especially. and Zimbabwe June 1-5. The focus of Following the morning briefing, the the mission was to explore opportunities team had concurrent meetings with the We do expect private sector representatives in agribusiness, energy, manufacturing Zambian Ministry of Transport, Works, from every country in Africa and staff and technology. Eager to learn about the Supply and Communications and the Road are working hard to ensure this. We also possibilities offered by regional trade Development Agency. Eng. MT Simbuwa, expect Ministers of Government from opportunities, the delegation enjoyed chief planner of the Road Development most countries as well as some African a series of exclusive meetings with Agency, provided in-depth information Heads of State. The Ethiopian Prime government officials and potential local about various projects and shed light on Minister Hailemariam Desalegn will open business partners. opportunities for foreign investors to get the Summit. However, we have added a Participating companies included AGCO involved. The delegates were informed that new piece to our summit, as delegations Corporation, Development Finance this ministry was looking for private, public from other countries outside of Africa are International (DFI), Freeport McMoran, IMS partnerships (PPP) available through a bid expected. We believe if U.S. companies Dredge, Mota-Engil and Sky Power. Philip system. are to be more successful in investing in Africa, they will need both local and de Leon of AGCO led the trade mission, Following these meetings, the delegation which also included CCA staff members international partners. Our counterparts in met with the Honorable Charles Zulu, other countries, including the UAE, Turkey, Patricia Sheikh, director of agribusiness and deputy minister of energy; Viola Mtamila, Priscilla Mutembwa, agribusiness advisor. Germany and Europe in general will be chief planner, energy unit; Rachel sending delegations, and we expect to The trade mission began in Zambia with Tetamashimba, planner, energy unit; and have bilateral meetings with each of these the COMESA Business Council, represented Tito Manseli planner, energy unit. They to explore partnership possibilities for U.S. by Ms. Kudzai Madzivanyika, program discussed Zambia’s interest in investment in companies. Strong international partners officer. As the voice of the private sector mines, energy and water development, with reduce risks for U.S. investors, especially in the region, the Council’s goals are to particular emphasis on energy, both on- those entering the African marketplace for expand its membership and increase grid, off-grid and solar power for renewable the first time. opportunities for private sector investment energy. Continued on page 7... in the region. Among other things, the key The final meeting of the day was with role of the Business Council is to provide the Zambia Development Agency (ZDA). member states with information regarding Established in January 2007, the Agency’s Continued on next page... CCA TRADE MISSION EXPLORES INVESTMENT OPPORTUNITIES IN ZAMBIA AND ZIMBABWE ...continued from cover. The final event of the day was a site visit to the AGCO Demonstration Farm led by the leader of the delegation Philip de Leon and the AGCO staff in Zambia. The delegation had the opportunity to witness a successful agribusiness operation and learn from farm operators how to increase yield for field crops such as maize. They saw new construction of buildings to house chickens, a repair shop for machinery and storage facilities for grain. The model farm houses all of its 91 workers, including children. Workers and their families have access to education and medical facilities in the area. On the morning of June 3, the delegation met with the MCC team in Lusaka where they were informed about water and sanitation projects in Zambia and with the American Chamber of Commerce, Zambia Chapter.

Philip de Leon hosts the side visit tour for the delegation to the AGCO Demonstration Farm in Zambia. mandate is to foster economic growth need for roads, power, infrastructure and and development by promoting trade and communication, and were informed that investment through an efficient, effective the priority sectors for the government and coordinated private sector economic include energy, infrastructure, ICT and development strategy. Among other agriculture. officials, the delegation met with Patrick Following this meeting, the delegation Chisanga, DG of ZDA and Agnes Chaila, met Julius Shawa, permanent secretary of director of investments. This agency falls the Ministry of Agriculture and Livestock, under the Ministry of Commerce, Trade and and key members of his staff. Mr. Shawa Industry. They are directly responsible for informed the delegation that agriculture encouraging foreign and local investment. is a key sector, since 70 percent of the The trade delegation meets Dr. John Mangudya, Governor of the Reserve Bank of Zimbabwe and the population is involved in the production of Bankers Association of Zimbabwe agriculture. He commented that some of the challenges include livestock diseases In Zimbabwe, the program began with and the high cost of financing small-scale a tour of the Paramount Garment Works farmers. He also informed the delegation factory, which was led by Jeremy Youmans, that 14 percent of the land is devoted to finance director. This factory produces high- the government’s Farm Block Development quality protective clothing both for regional Plan. and international markets. The delegation CCA then convened a lunch, hosted was impressed with the overall operation by Corpus, and Charles Mkokweza, of the company, the high quality of the managing partner, and Sharon Sakuwaha garments and the dedication of the workers. and Mabvuto Sakala, partners, where the A visit was then paid to Dr. John Mangudya, Trade delegation meets with Mr. Juilus Shawa, delegates discussed their meetings with governor of the Reserve Bank of Zimbabwe Permanent Secretary, Zambian Ministry of Agriculture and Livestock. government officials, as well as legal (RBZ) and the Bankers Association and administrative requirements of doing of Zimbabwe, where he discussed business in Zambia. Ambassador Eric Schultz and his staff Continued on next page... closed the day with a briefing followed by a networking reception at the U.S. embassy. Members of the delegation had the opportunity to meet with local business leaders and hear first-hand the opportunities for investment as well as the needs on ground. The next morning began with a meeting at the Ministry of Commerce, Trade and Industry. Lilian Bwalya, director of foreign affairs filled in for Siazongo Siakalenge, permanent secretary. There was some discussion about the Farm Block Development Plans that are comprised of small-scale projects (20-40 hectares), medium-scale projects (50-900 hectares) and large-scale projects (1,000-5,000 hectares). There was also a category called core venture, which was not to exceed 10,000 hectares. Delegates also The trade delegation kicks off meetings in Zimbabwe with a tour of Paramount Garment Works led by Jeremy had a robust discussion focused on the Youman, Finance Director.

The Africa e Journal 2 AGRIBUSINESS AND FINANCE WORKING GROUPS EXPLORE WAYS TO MITIGATE RISKS On June 11, CCA’s Agribusiness and Finance Working Groups held a joint meeting titled “Mitigating Risks Inherent to Agribusiness Financing.” CCA was Meeting with Ms. Eve Gadzikwa, Director General, Standards Association of Zimbabwe honored to host Edith Quintrell, director of operations for The Multilateral Investment CCA TRADE MISSION EXPLORES INVESTMENT OPPORTUNITIES Guarantee Agency (MIGA) and John Moran, vice president for insurance for The IN ZAMBIA AND ZIMBABWE ...continued from previous page. Overseas Private Investment Corporation Zimbabwe’s needed access to capital, were able to network with local business (OPIC) as speakers. replacement of obsolete equipment and leaders. The event began with opening remarks upgrading infrastructure. Also highlighted The final day of the trade mission was from Stephen Hayes, CCA president and was Zimbabwe’s most important asset: the kicked off with a breakfast presentation by CEO, who gave a warm welcome to second highest literacy rate in Africa, after the Honorable Walter Mzembi, minister attendees and emphasized the importance Tunisia. The lunch briefing was hosted of tourism and the Zimbabwe Council for of investing in agribusiness on the by Nigel Chanakira, chairperson of the Tourism. The Minister laid out the case for continent. Zimbabwe Investment Authority (ZIA). investments in hotels, roads, and additional Ms. Quintrell began Participants viewed an excellent marketing flights to the tourist areas. video that focused on agriculture, tourism, by introducing the mining and construction opportunities in Afterwards, the delegation participated World Bank Group, the country. After the lunch, delegates left in breakout meetings with officials speaking about its for an in-country briefing with Ambassador from the Ministry of Energy and Power different arms, and Bruce Wharton and his staff. Develoment, while others spoke with giving an overview Priscilla Sithembile, chief executive officer of the structure of ZimTrade. This organization has a joint of MIGA. She venture operation with the government indicated that as a focused on market intelligence and value- multilateral agency, added products. her institution can provide political risk During the lunch break, the delegation insurance to projects met with executives of the American Edith Quintrell regardless of size or Business Association of Zimbabwe (ABAZ) sponsor nationality. and then met with Eve Gadzikwa, DG of Ms. Quintrell concluded her presentation the Standards Association of Zimbabwe by showing the value of MIGA through (SAZ) and Chairperson of Zimbabwe Stock the ability to provide various insurances, Exchange (ZSE). SAZ is responsible for financing, technical support, and other facilitating the development and use of Mark Oxley, member of the American Business resources under the World Bank Group. Association of Zimbabwe while at the meeting with standards in order to enhance Zimbabwe’s Mr. Moran from the Zimbabwe Investment Authority. competitiveness and safeguard the welfare OPIC presented of the nation. the key role MIGA After the briefing, the delegation met To wrap up the trade mission, the plays in promoting with Judith Kateera, permanent secretary, delegation networked with a group of U.S. private sector Ministry of Finance and Economic Zimbabwean business executives from the investment and the Development and members of the Confederation of Zimbabwean Industries collaborative efforts Confederation of Zimbabwe Industries. The who planned a business mission to with the institution discussions focused on a broad array of Washington, D.C. from June 22-25, 2015. and other multilateral sectors and overarching issues needed in agencies. Both order to improve efficiency. CCA would like to thank the delegation and speakers stressed our partners for a successful trade mission; that the goal is not On the evening of Thursday, June 4, the we would particularly like to thank our delegation was hosted by Ambassador to compete with sponsors Corpus, Standbic Bank, Zambia other institutions, Bruce Wharton and his wife at their and Standbic Bank, Zimbabwe. John Moran residence where members of the delegation but rather work together where the opportunity presents itself. The Silverlands, a $350 million agribusiness project spanning across 13 African countries is a notable example of collaboration between MIGA and OPIC, for which MIGA provided reinsurance to OPIC, the primary insurer. Mr. Moran added that OPIC is extremely careful not to compete with the private sector. Both Ms. Quintrell and Mr. Moran concluded by reassuring all attendees of the positive trend towards investing in agriculture and the increasing secure 3 The Africa e Journal investments environment. BUSINESS OPPORTUNITIES ABOUND FOR SUPPLIERS TO NIGERIA’S RENEWABLE ENERGY SECTOR On June 18, CCA should be drastically reduced through hosted a Power the investment in Nigeria’s green energy Working Group market. The working group discussed the meeting focused massive potential for Nigeria to be the on “Partnership world’s largest green energy market, with Opportunities in massive investment opportunities. Nigeria’s Renewable During the panel Ms. Abubakar discussed Energy Sector.” the challenges that companies face in order Attendees had the to bring credibility back to clean energy. honor of hearing However, through the many technologies, from Bahijjahtu such as micro-grids, smart meters and Abubakar, who is solar energy, the potential is enormous for currently serving Bahijjahtu Abubakar Nigeria, so, as Ms. Abubakar phrased it, as the National women do “not have to choose between Coordinator for the Renewable Energy dying and cooking for their families.” Program, Ministry of Environment in the two to four generators, the rest survive on Federal Republic of Nigeria. Ms. Abubakar burning wood and kerosene lamps, often led a passionate discussion emphasizing times gathered and used by women while business opportunities for suppliers of cooking. All of these products emit intense off-grid lighting, clean cook stoves, clean black carbon and particulates into the transportation, solar home systems, environment. Ms. Abubakar stated, “Most improved-sensitive solar panels, and people who had a heart attack in Nigeria emerging battery technologies. were exposed to black carbon within an hour before the heart attack.” She added Ms. Abubakar began by outlining the that the emissions from diesel generators, stark realities facing Nigerians today – 70 wood and kerosene lamps cause daily tasks percent of the population is without energy to become deadly, as “Nigeria contributes access and Nigeria’s energy capacity has close to 10 percent [of the] global annual dropped to less than 2,000MW for more deaths from indoor air pollution.” This than 170 million people. As a result, 129 is a number that Ms. Abubakar believes million Nigerians own anywhere between

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The Africa e Journal 4 CCA STAFF PROFILES CCA STAFF LLOYD B. JAMESON STEPHEN HAYES SENIOR ADVISOR TO THE PRESIDENT President and Chief Executive Officer AND VICE PRESIDENT ACTING DIRECTOR, ENERGY AND POWER ROBERT C. PERRY Vice President for International Programs Lloyd B. Jameson political and security assessments of West (LBJ) serves as the Africa, Central Africa and Angola. He was Senior Advisor to the integral to the Chamber’s success at the ASFAW ALEMAYEHU President and Vice inaugural U.S.-Africa Leaders’ Summit held Director, East Africa Region President of CCA. in Washington, D.C. in August 2014. He also serves as the LBJ has traveled extensively throughout CARLA BATTLE (Acting) Director of Africa, Asia, Europe, the Middle East and the Energy and Power Israel. In 2008, he served as U.S. Africa Director, Africa portfolio. He has more than 24 years Command’s first Deputy Foreign Policy U.S.-Africa Business Summit 2015 of managerial and leadership skills and Advisor. He advised the Commander more than 12 years of experience working on U.S.-Africa foreign policy and U.S. extensively with African nations and engagements in Africa. He spearheaded KELLY BURTON their leadership providing advocacy and numerous strategic partnerships and Assistant to the CFO improving defense and security relations partnered six U.S. States with African between the U.S. and Africa. Previously, nations of which endure to this day. LBJ LBJ served as a Senior Fellow, in the African obtained his Masters in International MICHAELA EHIMIKA Affairs Department, at the U.S. Chamber of Relations from Tufts University, Fletcher Membership Assistant Commerce. In this capacity, LBJ provided School of Law and Diplomacy. He proudly strategic advisory services to several Fortune served our nation for more than 24 years. 500 companies to include economic, MORAYOR ESSIEH PowerAfrica/TradeAfrica Associate KATIE LOOTENS PROGRAM MANAGER, HEALTH LLOYD JAMESON Senior Advisor to the President Katie Lootens serves Relations and in African/African-American as CCA’s Program Studies from Duke University, as well as a and Vice President Manager for Health, Master of Management Studies from Duke’s Acting Director, Energy and Power providing services Fuqua School of Business. Prior to joining and programming for CCA, Katie served as a teacher in the Peace health and health- Corps in southern Benin, in addition to BIOVA KABINE interested members. work experience in Uganda and studies in Director, Finance She holds a Bachelor South Africa. She is fluent in French. of Arts in Political Science/International KATIE LOOTENS Program Manager, Health

MICHAELA EHIMIKA HILLARY LUCAS MEMBERSHIP ASSISTANT Director, Human Resources Michaela serves as and a minor in French Language. She also & Executive Assistant to the President the Membership studied in Beijing, China at the University Assistant at CCA. of International Business and Economics. She graduated Cum Before joining CCA, Michaela worked SONIA MFASONI Laude from Loyola in Marketing and Public Relations in Program Manager, East Africa University Chicago Washington D.C., and as a journalist in with Bachelor of Arts Nigeria, West Africa. degrees in Journalism RAYMOND RAWLINS and Political Science, Chief Financial Officer

VIVIENNE SEQUEIRA MORAYOR ESSIEH Director, Infrastructure POWER AFRICA AND TRADE AFRICA ASSOCIATE Morayor Essieh serves Department. Morayor graduated from PATRICIA SHEIKH as the Power Africa & Loyola University New Orleans where Director, Agribusiness Trade Africa Associate she received a Bachelor of Arts Degree in at CCA under the Public Relations, and a minor in Sociology. Power Africa/Trade Prior to CCA, Morayor served as a social DANIEL WOLF Africa grant funded media and web strategist. Director, Membership by USAID. Previously, she held a position in CCA’s Special JENNIFER WRIGHT Events and Marketing Director of Special Events and Marketing

5 The Africa e Journal CCA BOARD CCA MEMBER PROFILES OF DIRECTORS Randy Broiles ExxonMobil Production Company Carolyn Campbell African Financial & Economic Data (AFED) publication announcements Emerging Capital Partners from Exchange Data International provides With AFED, users including business Antony Cook definitive economic intelligence on Africa. risk assessors, economists, governments Microsoft AFED’s unparalleled overview of all 56 and their departments, the intelligence Aliko Dangote African economies and their financial community and academics can: Dangote Industries Limited market information can be used for: • Make informed decisions as data is: Michael Dignam, Chairman Emeritus • Research and analytics • Accredited The Corporate Council on Africa • Thought leadership and opinion • Comprehensive Joe Edge • Collaboration and outreach • Collated Star Building Systems • Fund management • Consolidated Tony O. Elumelu • Commercial investment • Clear Heirs Holdings Limited Users benefit from data sourced from over • Leverage data sourced from as far back 100 organizations worldwide including: as records allow with forecasts included Stephen Hayes where available The Corporate Council on Africa • International, intergovernmental, multilateral and supranational • Rapidly locate indicators of interest with Paul Hinks AFED’s powerful search tool. Symbion Power • African regional and African local • Trade organizations, government • Easily compare sources Jay Ireland departments, agencies & NGOs Exchange Data International (EDI) is a General Electric • African central banks, African Country global provider of specialised financial Jay Johnson Ministries of Finance, & National Office of information to market participants. EDI is Chevron Corporation Statistics based in London, with offices in the USA, Jude Kearney India and Morocco. Learn more at Greenberg Traurig LLP Economic data module: • Provides valuable insights from 20,000 www.africadata.com. William Killeen discreet economic indicators, reported in ACROW Bridge detail and divided into 13 topics Dan P. Kravets Freeport-McMoRan Inc. Capital markets module: • Reports on all 24 African securities Gachao Kiuna exchanges TransCentury Limited • Gives timely access to end of day pricing Philip de Leon for equities, listed bond and stock exchange AGCO Corporation indices quoted on Africa’s securities Jabu Mabuza exchanges. Also fixed income reference Telkom data and foreign exchange and interest rates Tom McDonald • Provides economic calendars for bond BakerHostetler auctions, market public holidays and David Picard Caterpillar Bobby Pittman Kupanda Capital offers corporate and commercial banking, trade finance and pension custody services. Tarek Rabah AstraZeneca UBA has been operating in Africa since Raymond Rawlins 1949, referred to then as the British and The Corporate Council on Africa French Bank Limited (BFB). It took over the assets and liabilities of BFB and Gilberto Rodrigues was incorporated as a limited liability Mota-Engil Africa company on February 23, 1961, under the João Miguel Santos Compliance Ordinance (Cap 37) 1922. The Boeing Company United Bank for Africa (UBA) Plc is one of Michael Spivey Africa’s largest financial institutions with In 2005, it completed one of the biggest Walmart operations in 19 African countries and three mergers in the history of Nigeria’s capital markets with the business combination with Jeffrey L. Sturchio global financial centers - New York, London and Paris. Standard Trust Bank (STB) Plc. From then, Rabin Martin it commenced its pan-African expansion Susan C. Tuttle From a single country operation founded strategy, which has led to its presence in IBM Corporation in Nigeria, Africa’s largest economy, UBA Ghana, Benin Republic, Cote d’Ivoire, Stanislav (Standa) Vecera is now a strong pan-African corporate and Burkina Faso, Guinea, Chad, Cameroon, Procter & Gamble retail network, offering banking and other Kenya, Gabon, Tanzania, Zambia, Uganda, Gilles de Vignemont financial services to its more than eight Liberia, Sierra-Leone, Mozambique, PricewaterhouseCoopers million customers through 700 business Senegal, Congo DR and Congo Brazzaville. offices globally. Earl Young UBA is a publicly quoted company listed Boulle Mining Group UBA’s remarkable African footprint makes it on the Nigerian Stock Exchange (NSE) and the bank of choice for Africans and African has a well-diversified shareholder base. businesses as well as players in the global For more information visit and other emerging markets. The Bank www.ubagroup.com.

The Africa e Journal 6 TRANSITIONS CCA welcomes new members Afrotourism West Africa Limited; Pioneer Energy and Vital Capital Fund. CCA welcomes new staff members Lloyd Jameson, senior advisor to the president and vice president and acting director, energy and power; and Katie Lootens, program manager for health. RECENT EVENTS 6/1-5: CCA Trade Mission to Zambia and Zimbabwe 6/11: CCA’s Agribusiness and Finance Working Groups present “Mitigating Risks Inherent to Agribusiness Financing” featuring guest speakers Edith Quintrell, Director of Operations, The Multilateral Investment Guarantee Agency (MIGA); and John Moran, Vice President for Insurance, The Overseas Private Investment PRESIDENT’S MESSAGE ...continued from front page. Corporation (OPIC) The Corporate Council on Africa will also We also expect strong participation from 6/18: CCA’s Power Working Group presents focus again on eight nations in Africa the U.S. Government and are working “Partnership Opportunities in Nigeria’s with “Doing Business” seminars on their closely with the U.S. Department of Renewable Energy Sector” with guest respective nations during the U.S.-Africa Commerce, the State Department and speaker Engr. (Mrs.) Bahijjahtu Abubakar, Business Summit. These eight nations, the White House especially to see National Coordinator, Renewable Energy including Ethiopia, Zimbabwe and six that delegates have the opportunity to others will be sending business delegations, understand U.S. Government programs Program, Ministry of Environment, Federal as well seeking potential partners among designed to support their dreams and Republic of Nigeria U.S. companies attending the Summit. In projects of investment in Africa. We plan 6/25: CCA in collaboration with the past summits, each of these workshops to have key financing institutions also in Confederation of Zimbabwe Industries has drawn an average of 200 persons attendance from throughout Africa, the presents “A Discussion on Doing Business seeking more information and business Middle East, Europe and the United States. in Zimbabwe” as a follow-up to CCA’s opportunities in Africa. Ultimately, we believe that The Corporate Trade Mission to Zambia and Zimbabwe The Corporate Council on Africa’s U.S.- Council on Africa’s U.S.-Africa Business Africa Business Summit is the largest U.S.- Summit will be one of the very best Africa business meeting of any kind, and opportunities for U.S. businesses, either for only the second time will be hosted in already engaged or looking to invest ABOUT US Africa. Four of the past summits have been in Africa, to develop their business The Corporate held in Washington, DC, with Philadelphia, opportunities on the continent, and to do so Council on Africa Houston, Chicago and Baltimore also especially in the fast-growing economies of (CCA) is a nonprofit, serving as hosts for the Summit. In 2007, East Africa. We look forward to seeing you membership- we held the Summit in Cape Town, South in Addis Ababa. based organization Africa. What makes our 10th Summit Register now at established in 1993 special is that it will be held in the African www.summit.africacncl.org. to promote business Union headquarters, with parts of the Discounted early bird rates end August 31. and investment program also held in other parts of Addis banner_ad:Banner_ad_africa 1/10/12 1:08 PM Page 1 between the United Ababa. States and the nations of Africa. CCA is the premier American organization devoted to U.S.-Africa business relations and includes as members more than 185 companies, which NOW ISTHETIMETO represent nearly 85 percent of total U.S. private sector investments in Africa. INVEST IN AFRICA CCA’s members range from America’s smallest to largest corporations. They “Global executives and investors cannot represent a diverse pool of industries afford to ignore the continent’s immense from Africa’s most promising sectors, including agribusiness, capacity potential. Today the rate of return on building, energy, finance, health, ICT, foreign investment in Africa is higher infrastructure and security. CCA provides member companies with than any other developing region.” greater access, connections and insight for doing business between the United — McKinsey Global Institute States and Africa through a number of sector- and country-specific working groups, high-level special events, business conferences, customized member services, trade missions and advocacy programs.

7 The Africa e Journal MEMBERS OF THE CORPORATE COUNCIL ON AFRICA ABB, Inc. Elizabeth Glaser Pediatric AIDS Foundation Microsoft Corporation ACADEMI Emerging Capital Partners Minority Business Development Agency ACDI/VOCA Endeavor Energy Holdings LLC Mota-Engil Africa Acrow Bridge Energy Resources Group NBA South Africa Basketball Adepetun Caxton-Martins Agbor & Segun Engility Corporation Noble Energy, Inc. AECOM ERHC Energy, Inc. Novus International Aeolus Kenya Limited ERM One Thousand & One Voices Africa Atlantic Escambia Enterprises LLC Pan African Capital Group Africa Business Portal Essex Construction Petrolin Group Africa Confidential Ethiopian Airlines Philip Morris International Africa Continental Holdings Exchange Data International Phillips Consulting Limited Afrotourism West Africa Limited ExxonMobil Corporation Pioneer Energy AGCO Corporation Fayus, Inc. Platinum GlobalRE Aiteo Group FELTT Polsinelli, PC Akin Gump Strauss Hauer & Feld LLP FMR Consulting, Inc. PricewaterhouseCoopers, LLP Albright Stonebridge Group Ford Motor Company Procter & Gamble AllAfrica Global Media Freeport-McMoRan Project HOPE Alphabet Energy Freshfields Bruckhaus Deringer US, LLP R.S Logistical Solutions Alpine Investments Fyodor Biotechnologies Corporation Rabin Martin Amarante UK Ltd. General Electric Company Safari Capital Limited American Cancer Society GeoPoll Shell Oil Company Anadarko Petroleum Corporation Global Business School Network SkyPower Services ULC Ascot Company Global Spectrum Energy Services, Ltd. Snotec Facilities Engineering Ltd. Asoko Insight GoodWorks International SOC Association of Equipment Manufacturers GrainPro, Inc. South African Airways AstraZeneca GreenbergTraurig, LLP Southern Star Shipping Company Atlantic Energy Groupe Jeune Afrique Standard Bank of South Africa Baker Hostetler, LLP Hart Security Star Building Systems Bechtel Ltd. Heirs Holdings Sunrock Institute Black & Veatch Hess Corporation Symbion Power Boulle Mining Group Humana People to People Telkom SA Business Books International IBM The Africa-America Institute CAMAC International Inchcape Shipping Services The Boeing Company Caterpillar, Inc. Initiative for Global Development The Bridges Institute Chariot Company Ltd. Inspired Interfaces The Coca Cola Company Chevron Corporation International Conservation Caucus Foundation The Sunderland Association Football Club Citi International Green Structures The Whitaker Group CNFA Investment Climate Facility for Africa TransCentury Cohen & Woods International IREX TSM Corporation Colgate-Palmolive Iroko Capital TUSKON Computer Frontiers Iroko Pharmaceuticals, LLC U.S. Africa Development Foundation Consolidated Contractors Company (C.C.C.) Jefferson Waterman International U.S. Pharmacopeial Convention Contemporary Group JHPIEGO United Africa Group ContourGlobal Khafra Engineering Consultants United Bank for Africa Covenant Security Solutions Kosmos Energy VAALCO Energy, Inc. Covington & Burling, LLP KPMG South Africa Varian Medical Systems CTG Global KRL International LLC VeraDaniel & Company DAI Kupanda Capital ViRural Africa Dangote Group Law Offices of Kenneth G. Hurwitz Visa, Inc. Delphos International Lazare Kaplan International, Inc. Vital Capital Fund Dentons US LLP Lion’s Head Africa Ltd. Walmart Development Finance International MacLean Power Systems World Cocoa Foundation DLA Piper, LLP Manchester Trade Yazmi USA, LLC DLR Group Marathon Oil Company Zenith Bank EAI Information Systems McLarty Associates Zephyr Management Edelman Medtronic EleQtra Michael Baker International *List as of June 2015

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