Category Archives: Opinion

The story of a private-equity fund shows how a U.S.-Egypt reset could begin

By David Ignatius

You can’t find many success stories in the United States’ sour, sullen relationship with Egypt over the past decade. Mostly it has been a tale of mutual suspicion, thanks to erratic U.S. policy and growing Egyptian political repression.

But talking with Amal Enan, a 33-year-old Egyptian economist, you realize what a healthy relationship could accomplish. She runs the Cairo office of an innovative, little-noticed development project that’s quietly backed by the two governments, known as the Egyptian-American Enterprise Fund.

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A New Paradigm for U.S.-African Relations – African Regional Capitalism

By Mekki Elmograbi

KHARTOUM, Sudan – Capitalism is quietly transforming Africa. Now it is time for international institutions – and Western perceptions – to catch up.

Private sector-led growth has shown impressive gains in South Africa, Ghana, Morocco, and Ivory Coast. In fact, these economies are rated among the best ten African countries for investors, according to Venture Africa Report 2019. Read more

The African Renaissance the U.S. Can’t Afford to Miss

By Markos Kounalakis

Ethiopia is the latest nation where an international aviation accident is in sharp focus, but the country itself is treated merely as the hazy backdrop and tragic context for a larger geopolitical story.

This one involves Boeing, China trade wars, and the credibility of American regulatory institutions.

All important stories, for sure, but Ethiopia is more than the tragically fatal scene of a plane crash. With more than 100 million people, Ethiopia is the second most populous African nation after Nigeria. Landlocked Ethiopia is also the continent’s fastest growing economy with arguably its most dynamic young leader.

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Ethiopia is fighting long odds, and winning, thanks to US

By Megan Dohert and Bill O’Keefe

Fourteen years ago, Mustefa Hafiz and 1,300 farmers in his village in Ethiopia could barely grow enough food to feed their families.

Today, Mustefa harvests over 30,000 pounds of potatoes and other crops each year. He also earns $9,700 in annual profit, enough to enroll his daughters in school and build a house equipped with a water pump and modern outhouse.

Thanks to the generosity of the American people, U.S. foreign aid has helped Mustefa and millions of Ethiopians work their way out of poverty.

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