U.S. is discovering that Africa is open for business

A common theme expressed by many Africans who look around and see evidence everywhere of Chinese, Indian and European investment is “Where are the Americans?”

We would answer that the Americans are coming and once they overcome their misperceptions and realize the tremendous opportunities in Africa, they will come in even greater numbers.

U.S. trade to and from Africa has tripled over the past decade with the U.S. exporting $22.6 billion in goods and services to the region last year. The International Monetary Fund has estimated that economic growth rate in sub-Saharan Africa was 6.1 percent last year.