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Subscribe to this list via RSS Blog posts tagged in US-Africa Leaders Summit

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b2ap3_thumbnail_BloombergAttheWhiteHouse2.jpgIt was announced today that the business magnate and former New York Major, Michael Bloomberg,  has decided to return to lead his business empire, Blooomberg, L.P. The decision was made only 8 months after he finished his third term as New York mayor. While some had thought that the 72 year-old Michael Bloomberg would focus on charity work and other ventures outside his company, those who know him better must alwas have believed it was only a matter of time, before he decides to reoccupy his chair.

 

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b2ap3_thumbnail_US_AfricaSummit_Aug2-6-2014.jpegThe end of an era is here: after spending the last two decades trying to expand their businesses  and make money in BRIC nations (Brazil, Russia, India, and China),  the World, rather the American, international investors appear to have shifted their focus: the motto may now be "It is Africa Stupid!".   In fact, Africa is where the money is to be made. The point was hightlighted during the US-Africa Leaders Summit in Washington. The Summit, attended by 50 African heads of states, was unprecedented: in its attendance, in setting a new tone for US-Africa relations and its expectations.

President Obama put it clearly in his speech on Tuesday, August 5, 2014:"I want Africans buying more American products. I want Americans buying more African products."

Why, this change after two decades of absence?

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