Contrary to conventional wisdom, Africa has a corporate sector. A new report by McKinsey counts 400 companies on the continent with annual revenue of more than $1 billion, and notes they are growing faster, and are more profitable, than their global peers. Half of these companies are African-owned, 40% are publicly-traded, and between 10% and

Africa holds great potential as we move forward into the 21st Century. In recent years, U.S. policy initiatives have recognized Africa’s growing significance. In 2014, President Obama welcomed leaders from across the continent to Washington for the first US-Africa Leaders Summit, the largest event any U.S. President has held with African heads of state and

Making travel on the continent easier can boost tourism revenues and increase employment. Earlier this year, the African Union launched a national passport, an electronic passport, which will eliminate visa requirements for Africans traveling to any country on the continent. The common e-passport was issued initially to heads of state and senior officials, with the

The African continent has some of the world’s fastest-growing economies, but some are seeing hard times because they rely on crude oil. Since the crude oil price has now dipped below $50 a barrel for the first time since May 2009, the African oil-producing countries are facing some serious financial difficulties. Nigeria, which has been