africa

Search Africa.com

Africa.com Blog

twitter facebook Africa.com's RSS Feed
Business & Finance
Friday, March 12, 2010

Resigning from Goldman Sachs to Return Africa’s Embrace

by Teresa Clarke, CEO and Founder of Africa.com
 
 
Teresa ClarkeThe answers are love, love of Africa, and an unquenchable desire to change the way the world views Africa.
 
Most people think of Africa as a continent stricken with poverty, disease and wars or as a land of giraffes, lions and elephants.  Yes, tragedies exist on the continent.  Yes, tourism is a vitally important industry.  But Africa is so much more.  
 
This summer, the FIFA World Cup will focus the attention of all soccer fans on Cape Town, South Africa, at the same time business and media thought leaders will gather there.  This is a perfect time for Africa.com to help the world know and understand the people whom I’ve met.  
 
A typical American tourist, I first visited South Africa 17 years ago, just as apartheid was coming to an end.  I’ve never gotten over the way I was welcomed by both black and white.  In Cape Town, I entered a Thai restaurant and the owner reassigned his top waiter to my table.  He sent over his best bottle of wine.  I was the first black person who had ever dined in his restaurant, he told me, and he wanted to make sure that I had a positive experience.
 
I found that  
Cape TownSouth Africa was filled with warm, loving and forgiving black and white people and they embraced me.  Now, it’s my turn to return the embrace, by helping South Africa and the other 52 countries on the continent seize the future, using the medium through which most people access information today, the internet. 
 
Mine has been a world of mergers, acquisitions, and high finance.  I know how to assess risk and evaluate economic opportunities.  Africa is the next untapped investment destination.  Africa boasts more than 20 stock exchanges and some of the fastest growing economies.  China, Russia and India are among the countries investing heavily in the continent and yielding impressive returns – on average 30 percent, compared to 16 to 18 percent in other developing countries.
 
Yet the investment opportunities in Africa are not without risks.  Capital costs more when the perceived risks are high and the only way to mitigate those risks is transparency and information.
 
For the first time ever, investors and business leaders will have one-stop shopping on Africa.com for the best sources of information about each of the 53 countries on the continent.  Not only will they find daily news reports from each country, but also unbiased, detailed country reports on political rights, civil liberties and sustainable economic opportunities thanks to our collaboration with two internationally recognized standard setters, Freedom House and the Mo Ibrahim Foundation. 
 
With our 200 specially curated videos, Africa.com will be a multi-media portal through which the world will get to know Africa, as well as a way for Africans to get to know one another.  
 
It’s a huge risk, but love is always risky.





‹ Go Back to Main Blog Page
BLOG ARCHIVE


BLOG CATEGORIES

Sign up and tell us if you agree with the author's point of view. Don't have an account? Register for free!



africa Africa.com | Contact Us | Privacy Policy | Terms of Service | Digital Millennium Copyright Act | Home | Africa Finance | Africa Video | Africa Radio | Shopping | Get Involved | South Africa Hotels | Africa Travel | Ibrahim Index | Africa Countries | Africa Blog | Africa News | Africa Maps | Facts and Figures by Country | Human Rights Reports by Country | African Leaders by Country | Travel by Country | Travel Health | Africa Quotes | Africa FAQ | Newsletter Africa.com Newsletter | RSS Feed Africa.com RSS | For Advertisers

Copyright © Africa.com 2012. All Rights Reserved.