T h e m o n t h l y n e w s l e t t e r o f T h e C o r p o r a t e C o u n c i l o n A f r i c a

AFRIC JOURNALTheAPR2015

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On April 16, CCA will host its 2015 Health Forum: Building a Stronger, Healthier Africa, aligned with the IMF/World Bank Spring Meetings. The forum will feature two informative panels focused on leveraging lessons learned in the sector and healthcare financing.Panel I “Leveraging Lessons Learned to Build Health Systems” will be moderated by Dr. Jeffrey L. Sturchio, president and CEO of Rabin Martin, and will feature Samer Al Hallaq, vice president of the Africa Partnership Program and marketing company president for Gulf States at AstraZeneca, as well as Dr. Isaac Malonza, country director of Jhpiego – Kenya. Last year, AstraZeneca and key partners

launched the Healthy Heart Africa in Kenya program, aimed at tackling the burden of hypertension. One partner, Jhpiego, an affiliate of Johns Hopkins, will be featured on the panel to discuss their role in this successful collaboration of non-governmental and community based organizations, international organizations, health experts and government.Other panelists will include Amb. Jimmy Kolker, former chief of HIV/AIDS at UNICEF, now the assistant secretary for global affairs at the U.S. Department of Health and Human Services, and H.E. Dr. Khaliru Alhassan, the minister of health of the Federal Republic of Nigeria.

BUILDING A STRONGER, HEALTHIER AFRICA

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CCA will leading several trade missions to the continent throughout the year to encourage U.S. private sector investment in Africa. A trade mission to Southeast Africa, led by CCA Chairman Paul Hinks, will visit Madagascar, Mozambique and Mauritius, from May 10-19, 2015, quickly followed by a trade mission to Zambia and Zimbabwe May 30-June 6. Several other missions are also in the works, including a trip to Benin and Nigeria and a misson to East Africa, which will now take place in November to align with CCA’s U.S.-Africa Business Summit in Ethiopia.The trade mission to Madagascar, Mozambique and Mauritius will highlight opportunities in the energy, agribusiness, infrastructure and technology sectors, and will begin in Madagascar, where growth is expected to reach 5 percent in 2015, thanks in part due to the country’s renewed AGOA eligibility. Participants will meet key representatives from many ministries, including ministries of finance, tourism and trade.Participants will then head to Mozambique, where investment in infrastructure and recent discoveries of oil and natural gas have helped spur steady GDP growth of more than 7 percent over the past three years. In addition to meeting political figures from a broad spectrum of sectors, participants will also visit key industrial groups in Maputo.The trade mission concludes in Mauritius, which is ranked 28th in the world on the

CCA TO LEAD TRADE MISSIONS TO AFRICA

Khaliru Alhassan Samer Al HallaqJennifer Adams Mohamed Diaré

CCA delegation in Kinshasa, D.R. Congo, June 2014

BUILDING A STRONGER, HEALTHIER AFRICA...continued from front page.

On Wednesday February 25, CCA was honored to host a special dinner for a visiting Djiboutian delegation in Washington, DC. The delegation, led by Minister of Foreign Affairs, H.E. Mahamoud Ali Youssouf, was in town to meet with U.S. government officials for the first U.S.-Djibouti Binational Forum. The group then joined CCA members and U.S. government representatives for a meaningful exchange of ideas over dinner.CCA’s President and CEO Stephen Hayes opened the evening’s remarks by underlining CCA’s ongoing positive relationship with the Republic of Djibouti, and a proposed Trade Mission to Djibouti to take place at the end of 2015. Perim Associates, sponsors of the event, also gave opening remarks on the exciting potential for business in Djibouti, especially within the security and infrastructure sectors. The Honorable Tom Kelly, American ambassador to the Republic of Djibouti, discussed the progress in Djibouti’s economy and investor climate. Then H.E. Mahamoud Ali Youssouf, introduced his colleagues and opened the floor for the ministers to speak about opportunities for investment. Aboubaker Hadi, the president

of Djibouti Ports and Free Zone Authority gave an overview of the sector and their plans for growth. The Djibouti Ports & Free Zones Authority will expand the number of ports in operation in the coming years, opening several more in order to meet the growing transport demand of Ethiopia and Kenya. Ports in Eritrea and Somalia have been inactive, and Djibouti remains an attractive port for ships due to its stability, unloading rate and water depth. Djibouti is growing as a key point of entry for trade into the rather landlocked interior of the Horn and East African countries.

Panel II “New Frontiers in Healthcare Financing” will be moderated by Dr. J. Stephen Morrison, senior vice president and director of the Global Health Policy Center at the Center for Strategic and International Studies. The panel will feature diverse, high-level speakers including Mary Ann Ring, vice president of government

funding and advocacy, global growth and operations at General Electric, and Robert Marten, senior program associate at The Rockefeller Foundation. For more information on CCA’s 2015 Health Forum and to register please visit www.ccahealthforum.africacncl.org.

CCA AND BCIU HOST RECEPTION FOR GLOBAL CHIEFS OF MISSION IN AFRICA

On the evening of March 25, CCA and the Business Council for International Understanding (BCIU) hosted a reception for the U.S. Global Chiefs of Mission in sub-Saharan Africa. Nearly all of the 52 U.S. Ambassadors and Chiefs of Mission to sub-Saharan African countries attended the reception, along with several members of the African diplomatic corps and U.S. government agencies, and CCA and BCIU private sector members. The U.S. Ambassadors and Chiefs of Mission were in Washington for consultations, providing an opportunity for members of the U.S. diplomatic corps to mingle with members of the African diplomatic corps and the private sector.Peter Tichansky, president and CEO of BCIU provided opening remarks, thanking the Chiefs of Mission, sponsors and the African diplomatic corps for their participation. Ambassador Robert Perry, CCA’s vice president, then highlighted upcoming CCA trade missions to Africa and the November U.S.-Africa Business Summit. He also spoke on the need to support key U.S. government initiatives that promote trade with the continent, singling out the Millennium Challenge Corporation budget, renewal of AGOA and the Ex-Im Bank as three of the most crucial.CCA and BCIU hosted the reception with support from sponsors AAR Corp., Coca-Cola Company, ExxonMobil, Hecate Energ, and the World Cocoa Foundation.

Robert Marten J. Stephen Morrison

Mary Ann RingDilip Ratha Jeffrey L. Sturchio

Jimmy Kolker Isaac Malonza

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DJIBOUTIAN DELEGATION MEETS WITH CCA MEMBERS AND U.S. GOVERNMENT OFFICIALS

On March 12, CCA’s Agribusiness Working Group hosted Eric Trachtenberg, McLarty Associates, to discuss how a new cold chain technology can help boost agricultural production and farm incomes. He reported that globally, a staggering 30-50 percent (1.2-2 billion

tons) of all food produced is lost due to improper handling. While this loss in developed countries is mostly at the retail/consumer level, in developing countries it starts on the farm and is further exacerbated during transport, storage and further distribution. In Africa, the lack of the cold chain coupled with post-harvest losses affects 40-50 percent of horticulture production, which not only impedes further development of the agribusiness sector, but also negatively affects farmers, undermines food safety and reduces the availability of nutritious foods. It also slows the development of the meat, dairy and food processing sectors. The cold chain technology presented uses the Dearman engine – a novel piston engine driven by the expansion of liquid nitrogen (LiN) or liquid air, to produce clean cold and power. When cooled, liquid air shrinks 710 times by volume. When it warms and returns to gaseous form, it

releases a lot of cold and expands by 710 fold. The expansion is used to drive the pistons of an engine which can power a refrigerator to provide cooling – along with the cold from the regasified air. The only emission from a Dearman engine is air or nitrogen, with no emissions of NOx, CO2 or particulates. When this technology is combined with proper post-harvest handling of horticulture production, it can reverse the negative effects of post-harvest losses.

The deployment of this technology results in a long term transformation of the agribusiness sector, but it has applicability for improving food security, food safety and nutrition and the environment since farmers wouldn’t be relying on diesel fuel to transport horticultural commodities from the field to processing centers.

On February 26, CCA hosted a special luncheon in honor of the U.S.-EAC Trade Ministerial Delegation visiting Washington for the inaugural U.S.-EAC Commercial Dialogue, Trade Ministerial and regional African Growth and Opportunity Act (AGOA) strategy meeting. Last year, CCA launched the Trade Working Group that jointly developed a set of trade facilitation priorities for East Africa with the East African Business Council (EABC), which were presented at the 2014 U.S.-Africa Leaders Summit. CCA is working to advance the implementation of these priorities, which are linked to a number of different initiatives, including the Commercial Dialogue, the U.S.-EAC Trade and Investment Partnership, the President’s Advisory Council on Doing Business in Africa, the WTO Agreement on Trade Facilitation and renewal of AGOA. The luncheon featured introductions from Ben Lambert of Caterpillar, Inc. and David Short of FedEx, and remarks from Ambassador Dr. Richard Sezibera, secretary general of the East African Community; Bruce Andrews, deputy secretary of the U.S. Department of Commerce; and Katrin Kuhlmann, senior advisor at CCA and chair of the Trade Working Group. Ms. Kuhlmann described how the group has progressed from identifying a set of shared aspirational priorities, to now drilling down to the specifics of how to implement them. Ambassador Sezibera highlighted how regional harmonization efforts around hard and soft infrastructure can ease the movement of people, goods and finance across borders to increase investment and strengthen private sector development. Mr. Andrews spoke about East Africa’s impressive growth rates and the important role of the private sector in enhancing trade and investment.The CCA Trade Working Group meets regularly to discuss ways in which to implement the trade facilitation priorities and engage in other important trade issues, including AGOA. For more information, visit www.africacncl.org.

CCA MEMBERS DISCUSS TRADE FACILITATON WITH U.S.-EAC TRADE MINISTERIAL DELEGATION

Eric Trachtenberg

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MODERNIZING AGRIBUSINESS OPERATIONS: DOING BETTER TO BOOST AGRICULTURAL PRODUCTIVITY

Dearman liquid air engine

ABOUT USThe Corporate Council on Africa (CCA) is a nonprofit, membership-based organization established in 1993 to promote business and investment between the United

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 160 companies, which represent nearly 85 percent of total U.S. private sector investments in Africa. CCA’s members range from America’s smallest to largest corporations. They represent a diverse pool of industries from Africa’s most promising sectors, including agribusiness, capacity building, energy, finance, health, ICT, infrastructure and security.The Corporate Council on Africa is a key resource for conducting successful business in Africa. We work closely with governments, multilateral groups and businesses to improve Africa’s trade and investment climate and to raise the profile of Africa in the U.S. business community. Most importantly, we work with our member companies to help them increase their investment in and trade with the nations of Africa. CCA provides member companies with greater access, connections and insight for doing business between the United 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.

PROGRESS NOTED ON EBOLA VACCINES AS CCA HOSTS PHARMACEUTICAL COMPANY RESEARCHERSOn February 26, CCA hosted head researchers from Merck, GlaxoSmithKline (GSK) and Janssen Pharmaceuticals of Johnson & Johnson (J&J) at a Health Working Group meeting. The three researchers gave updates on the progress of their companies’ Ebola vaccines, and offered insight into the successes and challenges of Ebola vaccine development.Dr. Jeffrey Sturchio, president and CEO of Rabin Martin moderated the discussion, giving background on the Ebola crisis. All three vaccines have concluded Phase I trials to determine safety and initial dosage. Merck and GSK’s vaccines have moved or will move shortly into Phase II and III trials in West Africa. The three vaccines and the design of their trials take slightly different approaches, giving a broader range of results. Preliminary results from all trials indicate that the vaccines are safe and provoke an immune response in the body, though further results are needed to determine how effective they are.The three researchers praised the unprecedented level of cooperation among domestic and international regulators as well as between the pharmaceutical

companies, governments, and donors. Dr. David W. Vaughn, head of external research and development in North America at GSK, pointed to the fact that while vaccines normally take 10-20 years for full development, the Ebola vaccine is closer to a one year timeline.Dr. Benoit Callendret, compound development team leader for the Ebola vaccine development at J&J, noted that the company has invested heavily in manufacturing capabilities, and stated that as the outbreak simmers, drastically larger trial sizes may be needed to determine efficacy.Dr. Swati Gupta, executive director of the office of public health and science at Merck Vaccines, described remaining challenges, such as the lack of a clear path to licensure. Other challenges include lack of infrastructure and local distrust of Western health campaigns. One of the biggest uncertainties remains the fear that the current sense of urgency from agencies like the World Health Organization and U.S. regulatory agencies will wane, reducing the ability of companies to bring a vaccine to market. For more information and the latest Ebola news, visit CCA’s Ebola Portal, or contact Ashleigh Cooper at cca@africacncl.org.

TRANSITIONSCCA welcomes new members Adepetun Caxton-Martins Agbor & Segun (ACAS-LAW); DLR Group; R.S. Logistical Solutions and SkyPower.

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Amb. Robert Perry and Jeffrey Sturchio

On March 18, CCA’s Finance Working Group hosted the Honorable Ekwow Spio-Garbrah, minister for trade and industry of the Republic of Ghana. Hon. Spio-Garbrah, a former ambassador of the Republic of Ghana to the U.S., highlighted the country’s strengths, including its strong legal framework, good governance and its diverse and highly-trained workforce. He stressed Ghana’s great potential for natural gas and crude oil but also mentioned the shift toward renewable energy to diversify the power sector. He stated that there are currently 20 different energy projects in different stages of development that are expected to increase Ghana’s installed capacity to around 5,000MW by 2017.

Hon. Spio-Garbrah noted that Ghana is in a better position to manage its new status as an oil producing country thanks to a diversified economy with services representing 57 percent of the economy, agriculture 19-20 percent, and commodities like gold and cocoa representing 15 percent of total export revenues.

He continued by addressing the state of land reforms in Ghana and investment in the housing construction industry. Although he acknowledged the great progress in land reform, he called for additional reforms, which would unlock investments from the private sector. Minister Spio-Garbrah affirmed that housing is a booming sector in Ghana; however social housing is a persistent challenge for the government which is working to address some of the issues faced by the consumers such as high mortgage rates (20-35 percent on average). He projected that a single-digit annual interest rate will transform the mortgage industry and will create a multiplier effect in the economy.Minister Spio-Garbrah also invited the U.S. private sector to look at Ghana as a strategic entry point into the Economic Community of West African States (ECOWAS) with its 300 million strong consumers with common external tariffs.

STEPHEN HAYESPresident and Chief Executive OfficerROBERT C. PERRYVice President for International ProgramsASFAW ALEMAYEHUDirector, East Africa Region CARLA BATTLEDirector, U.S.-Africa Business Summit 2015KELLY BURTON Assistant to the CFOASHLEIGH COOPERDirector, HealthMICHAELA EHIMIKAMembership AssistantMORAYOR ESSIEHPowerAfrica/TradeAfrica AssociateBIOVA KABINEDirector, FinanceHILLARY LUCASDirector, Human Resources & Executive Assistant to the PresidentSONIA MFASONIProgram Manager, East AfricaRAYMOND RAWLINSChief Financial OfficerVIVIENNE SEQUEIRADirector, InfrastructurePATRICIA SHEIKHDirector, AgribusinessMIA WARNERDirector, Energy InitiativesDANIEL WOLFDirector, MembershipJENNIFER WRIGHTDirector of Special Events and Marketing

CCA STAFF

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GHANA’S 2015 ECONOMIC OUTLOOK

Ekwow Spio-Garbrah (second from left)

NOW ISTHETIMETOINVEST INAFRICA

“Global executives and investors cannot

afford to ignore the continent’s immense

potential. Today the rate of return on

foreign investment in Africa is higher

than any other developing region.”

— McKinsey Global Institute

banner_ad:Banner_ad_africa 1/10/12 1:08 PM Page 1

CCA MEMBER PROFILES

Asoko Insight is the reference provider for company data in sub-Saharan Africa. It offers global investors, corporates, traders and governments first level due diligence on mid-to-large cap private companies across the region. Its online database consists of up-to-date management information, insights, news and analytics - all collected by teams of local field analysts and supported by local data exchange partnerships. Through the platform, users can compare African companies across

sectors, countries and regions, and analyze key performance indicators and access executive management directly. Over 20 content syndication partnerships signed with local business news agencies allow for close monitoring of any notable business events. Furthermore, local teams are able to quickly secure incorporation documents, ensure companies are FCPA compliant and learn details on historical company performance, deal flow and client base. Premium data services are available to clients seeking in-depth information on economic sectors, clusters or supply chains. For more information, contact, Greg Cohen, director, founder at greg.cohen@asokoinsight.com or visit www.asokoinsight.com.

Cultivating New Frontiers in Agriculture (CNFA) specializes in designing sustainable, market-led agricultural initiatives. CNFA works with businesses, foundations, governments and communities to build customized local and global partnerships and to stimulate economic growth through agriculture in target communities. In Africa, CNFA has a proven track record of improving the livelihoods of smallholder farmers and rural entrepreneurs by providing needed improvements along agricultural value chains. CNFA provides technical expertise, arranges financial and business training to entrepreneurial enterprises, and works to improve local retail access to the inputs and services farmers need to attain and maintain economically sustainable and environmentally sound production. All of these elements work together to

generate higher incomes through linkages to cash markets for farmers, families and communities.Examples of CNFA’s work include creating Ethiopia’s first private retail input supply and farm service network, strengthening Egypt’s olive oil sector through targeted technical assistance to small and medium Egyptian olive processors, and establishing the first livestock savings and credit cooperative micro-finance organization in Kenya that focuses in livestock, animal production and agriculture. Most recently, CNFA began operations in Burkina Faso and Niger to increase the resilience of families and communities to shocks through strengthening the competitiveness and inclusiveness of three agricultural value chains focusing on cowpea, small ruminant and poultry. Since 1985, CNFA has managed more than $510 million in agriculture development programs and has worked in 42 countries in Africa, Eastern Europe, Latin America and the Caribbean, the Middle East, and South and Central Asia. For more information, visit www.cnfa.org or contact Jessie Lowry at jlowry@cnfa.org.

CCA BOARD OF DIRECTORSRandy BroilesExxonMobil Production CompanyCarolyn CampbellEmerging Capital PartnersAntony CookMicrosoftAliko DangoteDangote Industries LimitedMichael Dignam, Chairman EmeritusThe Corporate Council on AfricaJoe EdgeStar Building SystemsTony O. ElumeluHeirs Holdings LimitedStephen HayesThe Corporate Council on AfricaPaul HinksSymbion PowerJay IrelandGeneral ElectricJude KearneyGreenberg Traurig LLPWilliam KilleenACROW BridgeDan P. KravetsFreeport-McMoRan Inc.George L. KirklandChevron CorporationGachao KiunaTransCentury LimitedPhilip de LeonAGCO CorporationJabu MabuzaTelkomTom McDonaldBakerHostetlerDavid PicardCaterpillarBobby PittmanKupanda CapitalTarek RabahAstraZenecaRaymond RawlinsThe Corporate Council on AfricaGilberto RodriguesMota-Engil AfricaJoão Miguel SantosThe Boeing CompanyMichael SpiveyWalmartJeffrey L. SturchioRabin MartinSusan C. TuttleIBM CorporationStanislav (Standa) VeceraProcter & GambleGilles de VignemontPricewaterhouseCoopersEarl YoungAmerican Mineral Fields

6The Africa e Journal

CCA TO LEAD TRADE MISSIONS TO AFRICA ...continued from front page.

2/25: CCA hosts a special dinner in honor of the visiting Djiboutian Delegation, including the Foreign Minister, Minister of Defense and Minister of Finance

2/26: CCA’s Infrastructure Working Group presents “Networking Reception with South African Infrastructure Industry Leaders”

2/26: CCA presents a special luncheon “U.S.-EAC Trade Ministerial and Commercial Dialogue”

2/26: CCA’s Health Working Group presents “Ebola: The R&D Race for a Vaccine” with guest speakers Dr. David W. Vaughn, Head of External Research and Development, North America, GlaxoSmithKline; Dr. Swati Gupta, Executive Director, Office of Public Health and Science, Merck Vaccines; Dr. Benoit Callendret, Compound

Development Team Leader, Ebola Monovalent Vaccine, Janssen Pharmaceutical Companies of Johnson & Johnson; and moderated by Dr. Jeffrey L. Sturchio, Senior Advisor on Health, CCA

3/4: CCA presents a roundtable luncheon with Standard Bank featuring guest speakers Chris Clarkson, Regional Corporate & Investment Banking Head, Southern and Central Africa; Andre du Plessis, Head: Corporate & Investment Banking, Mozambique; and Ronaldo Toledo, Head: Investment Banking, Mozambique

3/6: CCA’s Finance Working Group presents “Ghana’s 2015 Economic Outlook” with guest speaker Hon. Ekwow Spio-Garbrah, Minister for Trade and Industry of the Republic of Ghana

3/12: CCA’s Agribusiness Working Group presents “Modernizing Agribusiness Operations: Doing Better Cold Chain Technology and Agricultural Productivity” with guest speaker Eric Trachtenberg, McLarty Associates

3/25: CCA and BCIU host a Reception for U.S. Global Chiefs of Mission in sub-Saharan Africa

3/25: CCA’s Power & Trade Working Groups present Partnership Opportunities in East Africa “A Special Working Group Session in Nairobi, Kenya” with guest speakers Dr. Gachao Kiuna, Chief Executive Officer, TransCentury Limited; and Joseph Magochi, Project Manager, Eastern Africa Power Pool

RECENT EVENTS

World Bank’s Ease of Doing Business Index, the highest of all African countries. Mauritius, which offers investment opportunities in a wide range of sectors including energy and ICT, is recognized by the Organisation for Economic Co-operation and Development (OECD) as a white-listed jurisdiction and adheres to tax standards set by international bodies. Participants will meet representatives of key ministries including energy, public

infrastructure and technology, as well as representatives of the Mauritius Chamber of Commerce. These three countries present dynamic opportunities, particularly in the power and energy sectors.The Trade Mission to Zambia and Zimbabwe will explore opportunities in agribusiness, energy, manufacturing and technology. Delegates will learn from successful businesses on the ground and benefit from exclusive meetings

with government officials and potential local business partners. The excitement surrounding the burgeoning economies in Zambia and Zimbabwe makes this mission perfect both for firms seeking early entry into developing industries and those looking to deepen their ties in these two strategic markets in Southern Africa.To learn more or to join a trade mission, visit www.trade-missions.africacncl.org or email cca@africacncl.org.

7 The Africa e Journal

CCA led a trade mission to Kenya and Ethiopia from February 22 - March 1, 2014. In Nairobi, CCA’s delegation met with Kenyan President Uhuru Kenyatta.

MEMBERS OF THE CORPORATE COUNCIL ON AFRICA ABB, Inc.ACADEMI ACDI/VOCAAcrow BridgeADAS GroupAdepetun Caxton-Martins Agbor & SegunAECOMAeolus Kenya LimitedAfrica AtlanticAfrica Business PortalAfrica ConfidentialAfrica Continental HoldingsAGCO CorporationAiteo GroupAkin Gump Strauss Hauer & Feld LLPAlbright Stonebridge GroupAllAfrica Global MediaAlphabet Energy Alpine InvestmentsAmarante UK Ltd.American Cancer SocietyAnadarko Petroleum CorporationAscot CompanyASKY AirlinesAsoko InsightAspen GroupAssociation of Equipment ManufacturersAstraZeneca Atlantic EnergyBaker Hostetler, LLPBechtel Ltd.Black & VeatchBloombergBlumberg Grain Boulle Mining GroupBusiness Books InternationalCAMAC InternationalCaterpillar, Inc.Chariot Company Ltd. Chevron CorporationCitiCNFACohen & Woods InternationalColgate-PalmoliveComputer FrontiersContemporary GroupContourGlobal Covenant Security SolutionsCovington & Burling, LLPCRDB BankCTG Global DAIDangote Group Delphos InternationalDentons US LLPDevelopment Finance InternationalDLA Piper, LLPDLR GroupEAI Information SystemsEdelmanEleQtraElizabeth Glaser Pediatric AIDS Foundation

Emerging Capital PartnersEncore SolutionsEndeavor Energy Holdings LLCEnergy Resources GroupEngility CorporationERHC Energy, Inc.ERMEscambia Enterprises LLCEssex ConstructionEthiopian AirlinesExxonMobil CorporationFayus, Inc.FedEx ExpressFELTTFMR Consulting, Inc. Ford Motor CompanyFreeport-McMoRanFreshfields Bruckhaus Deringer US, LLPFyodor Biotechnologies CorporationGeneral Electric CompanyGeoPollGlobal Business School NetworkGlobal Spectrum Energy Services, Ltd.GoodWorks InternationalGrainPro, Inc. GreenbergTraurig, LLPHart SecurityHayward Global Group LLC Heirs Holdings Hess CorporationHill International – North AfricaHumana People to PeopleIAP Worldwide ServicesIBMImpele Consulting GroupInchcape Shipping ServicesInitiative for Global DevelopmentInspired InterfacesInternational Conservation Caucus FoundationInternational Green StructuresInvestment Climate Facility for AfricaIREXIroko CapitalIroko Pharmaceuticals, LLCJefferson Waterman International JHPIEGOKenya AirwaysKhafra Engineering ConsultantsKosmos EnergyKPMG South AfricaKRL International LLCKupanda CapitalLaw Offices of Kenneth G. HurwitzLazare Kaplan International, Inc. Lion’s Head Africa Ltd.Mabey, Inc.MacLean Power Systems Manchester TradeMarathon Oil CompanyMcLarty AssociatesMedtronicMichael Baker InternationalMicrosoft Corporation

Minority Business Development AgencyMota-EngilNational 4-H CouncilNationwide EquipmentNBA South Africa BasketballNoble Energy, Inc.Novus InternationalOne Thousand & One VoicesPan African Capital GroupPetrolin GroupPhilip Morris InternationalPhillips Consulting LimitedPlatinum GlobalREPolsinelli, PCPricewaterhouseCoopers, LLPProcter & GambleProject HOPEQatar AirwaysR.S Logistical SolutionsRabin MartinSafari Capital Limited Schaffer International ServicesSCS NetworksSEAFARER International, LLCShell Oil CompanySkyPower Services ULCSnotec Facilities Engineering Ltd.SOCSoEnergy InternationalSouth African AirwaysSouthern Star Shipping CompanyStandard Bank of South AfricaStar Building SystemsSunrock InstituteSymbion PowerTaher Investment GroupTelkom SAThe Africa-America InstituteThe Boeing CompanyThe Bridges Institute The Coca Cola CompanyThe Park Expo and Conference CenterThe Sunderland Association Football ClubThe Whitaker GroupTransCenturyTSM CorporationTUSKONU.S. Africa Development FoundationU.S. Bridge U.S. Pharmacopeial ConventionUnited Africa GroupVAALCO Energy, Inc.Varian Medical SystemsVelingVeraDaniel & CompanyViRural AfricaVisa, Inc.WalmartWorld Cocoa FoundationYazmi USA, LLCZenith BankZephyr Management

*List as of March 20, 2015

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