Archive for January, 2012

World Economic Forum on Africa 2012

World Economic Forum on Africa 2012

Shaping Africa’s Transformation
Addis Ababa, Ethiopia 9-11 May 2012

World Economic Forum on Africa 2012Africa is on the brink of a major transformation. Over the last decade, the continent was home to six of the world’s 10 fastest growing economies, and the outlook for the region remains bright at a time when the rest of the world is facing major political and economic challenges. However, attaining Africa’s aspirations in a new global context will require bold and actionable ideas, as well as strong leadership on regional, national and industry levels.

In 2012, Africa’s projected growth rate of 6% will be driven by improved macroeconomic and political stability, an ongoing resource boom and a growing consumer base. In addition, deepening links to fast-growing emerging economies and an increasing appetite of global and regional champions for long-term investments in Africa’s frontier markets are fuelling a renewed optimism about the continent’s future. At the same time, resource price volatility, youth unemployment, food insecurity and the adverse effects of climate change remain important challenges. Strengthening Africa’s leadership, accelerating investment in its frontier markets and scaling innovation will be essential in transforming Africa’s growth story into shared opportunities for present and future generations.

The 2012 World Economic Forum on Africa will be held in Addis Ababa, Ethiopia. Ethiopia is the second most populous country in sub-Saharan Africa and a prime example of the continent’s fast-growing economies. Home to the African Union and the United Nations Economic Commission for Africa, Addis Ababa will offer an exceptional opportunity to bring together global and pan-African leaders to shape the region’s transformation.

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An excellent and wise prediction.


My Political Prediction for 2012: It’s Obama-Clinton

December 28, 2011

My political prediction for 2012 (based on absolutely no inside information): Hillary Clinton and Joe Biden swap places. Biden becomes Secretary of State — a position he’s apparently coveted for years. And Hillary Clinton, Vice President.

So the Democratic ticket for 2012 is Obama-Clinton.

Why do I say this? Because Obama needs to stir the passions and enthusiasms of a Democratic base that’s been disillusioned with his cave-ins to regressive Republicans. Hillary Clinton on the ticket can do that.

Moreover, the economy won’t be in superb shape in the months leading up to Election Day. Indeed, if the European debt crisis grows worse and if China’s economy continues to slow, there’s a better than even chance we’ll be back in a recession. Clinton would help deflect attention from the bad economy and put it on foreign policy, where she and Obama have shined.

The deal would also make Clinton the obvious Democratic presidential candidate in 2016 — offering the Democrats a shot at twelve (or more) years in the White House, something the Republicans had with Ronald Reagan and the first George Bush but which the Democrats haven’t had since FDR. Twelve years gives the party in power a chance to reshape the Supreme Court as well as put an indelible stamp on America.

According to the latest Gallup poll, the duo are this year’s most admired man and woman This marks the fourth consecutive win for  Obama while Clinton has been the most admired woman in each of the last 10 years. She’a topped the list 16 times since 1993, exceeding the record held by former First Lady Eleanor Roosevelt, who topped the list 13 times.

Obama-Clinton in 2012. It’s a natural.

 Robert Reich


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 MAY 8, 2012

Addis Ababa, Ethiopia

Dear Ethiopia Investor,

Seven out of the ten fastest growing economies in the world over the next five years will be in Africa.  Ethiopia is at the forefront of this truly magnificent resurgence of the African continent.  Precise Consult International, in partnership with a number of strategic global partners is organizing the Ethiopia Investment Summit 2012 to link global investors to Ethiopian opportunities.

Driven by market forces and economic policy reform, the Ethiopian economy has shifted into a trajectory of growth unseen in its long history.  According to the Economist Intelligence Unit, Ethiopia will be the third fastest growing economy in the world this year.   The nation has recorded 8 consecutive years of double-digit GDP growth underpinned by dynamic across-the-board expansions in agriculture, services, and industry.  This achievement however, is only indicative of the immense opportunities– not just in raw materials and mining but also in energy, transport, infrastructure, manufacturing, agribusiness, and services.  With a population of 85 million strategically located at the crossroads of Africa, the Middle East and Europe, Ethiopia is truly a rising African Tiger Economy.

The Ethiopia Investment Summit 2012 aims to gather up to 300 senior business executives from Ethiopia, global corporations, domestic and foreign investors who are either doing business or considering doing business in Ethiopia.   The major goals of the summit are to introduce Ethiopia as an investment and business destination, to help investors understand the macro and micro level industry dynamics driving long term opportunities, and to create concrete networking and deal making opportunities.

The Summit is timed to complement the gathering of the World Economic Forum (WEF) for Africa, which will be held in Addis Ababa from May 9-11 (see http://www.weforum.org).   As such, the Summit will offer a once in a lifetime opportunity to network and interact with an impressive gathering of some of the world’s most interesting and powerful business, civil society and government leaders.

Stay tuned to www.ethiopiainvestor.comfor further information, detailed agenda and how you can register to attend.

Best regards,

Henok Assefa

Managing Partner

Precise Consult International PLC


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The 1% and Capitalism

The 1% and Capitalism

By Shamus Cooke


By definition, capitalism is: an economic system based on private ownership of the means of production (industry, banks, technology), where, through the process of market competition, production occurs for private profit — if something cannot be sold for a profit it is not produced.

In practice, private ownership has evolved into giant corporations, which monopolize production, markets, and government via campaign contributions, corporate lobbying (often legalized bribery) and promising politicians a cozy retirement from politics: “working” for corporations as consultants, lobbyists, etc.

There are certain policies that raise profits for corporations in general, including: destroying labor rights and attacking unions (since lower wages equals higher profits), slashing social spending (since corporations paying taxes cuts into their profits), cutting Medicare, Medicaid and Social Security (since corporations help pay for these too, lowering their profits), privatization, lowering corporate taxes, lowering taxes for the wealthy, etc.

These anti-worker, pro-profit policies strongly unite corporations, giving them a powerful organizational tool: corporations (and the wealthy who own them) pool their resources to pursue these policies through buying politicians, think tanks, news media, university donations, etc.

This fact is recognized by all corporations and their political lackeys; at bottom these common interests are what distinguishes the 1% from the 99%.
Putting forward a few demands that all working people can unite behind will give the movement a united, strong message, while allowing other demands of working people to find a safe place to express themselves.



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