Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Clarke was appointed to the board based on her twenty years of experience doing business in Africa

Kenya

Obama picks Africa.com CEO as advisor

Clarke was appointed to the board based on her twenty years of experience doing business in Africa

Clarke was appointed to the board based on her twenty years of experience doing business in Africa

NAIROBI, Kenya, Nov 7- Africa.com CEO Teresa Clarke is among 15 private sector leaders who have been appointed to the newly established United States President’s Advisory Council on Doing Business in Africa (PAC-DBIA).

Making the announcement on Friday, U.S. Secretary of Commerce Penny Pritzker said the members, representing the private sector from a variety of industry sectors, were hand-picked to advise the President and the Secretary of Commerce on strengthening commercial engagement between the United States and Africa.

“Economic growth on the Continent will continue to drive demand for U.S. exports, which will ultimately help create jobs at home and provide valuable investment opportunities for U.S. businesses,” Pritzker said.

“With Africa being home to six of the 10 fastest-growing economies in the world, the President’s Advisory Council will provide expert counsel on strengthening our partnerships with African countries to leverage opportunities for U.S. companies committed for the long term,” she added.

The appointments were announced at Discover Global Markets, a commerce-led business development forum held in Atlanta that focuses on export opportunities in Sub-Saharan Africa, including Cote d’Ivoire, Nigeria, South Africa, Kenya and Mozambique, among others.

Clarke was appointed to the board based on her twenty years of experience doing business in Africa, her vast business career which includes being the first African-American woman managing director in the investment banking division of Goldman Sachs.

“I am grateful to be able to serve the President and the Secretary of Commerce on a topic about which I have so much passion,” Clarke said while accepting the appointment.

“Africa.com has opened the eyes of American business to opportunity in Africa for years through multi-media including our film, Africa Straight Up, and our weekly business newsletters, the Africa.com Top 10,” she added.

Clarke is also the Chairman and the founder of Africa.com which was the only Africa-focused media company selected to be a part of the White House Traveling Press Corps on President Obama’s historic trip to Africa in 2011.

She said her hopes for the President’s Advisory Council was see it help both US and African small businesses increase inter-continental trade, and in particular, leveraging internet technology to do so.

Advertisement. Scroll to continue reading.

“The untapped potential of the internet in Africa presents a huge opportunity to take what has been great growth on the continent to exponential growth.”

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...