Top of Mind
Are U.S. investors missing out in Africa? During a summit marking the 50th anniversary of the African Union, Secretary of State John Kerry urged U.S. businesses to invest in Africa. While acknowledging stability and security issues on the continent, he noted that Russia, Brazil, and China are increasingly important players in the growing economies there. More from NPR.
Donald Gips '89, former U.S. ambassador to South Africa, made a similar point in conversation with Yale Insights. "The risks are large," he said, "but the opportunities are huge and they need investment." Beyond the chance for significant returns, Gips said that engagement by U.S. investors in Africa can drive good business practices, transparency, and reduced corruption there.