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Africa: Strictly Business, The Steady March to Prosperity
 
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Africa: Strictly Business, The Steady March to Prosperity [Paperback]

Rosalind Kilkenny McLymont (Author)

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Book Description

March 12, 2009
Africa: Strictly Business is a collection of the author s award-winning Africa Focus columns published in The Network Journal magazine over the past five years, and five of her annual Trade With Africa reports published in Shipping Digest, a publication of The Journal of Commerce Group. It is an informed discussion of efforts being made by African governments and private individuals to achieve economic prosperity, countering more widespread images of Africa as the home of poverty, disease, corruption and combat. Through its ten chapters, titled Capital Markets; Creative Industries; Diaspora Relations; Global Trade; Health; Economic and Industrial Development; Foreign Investment; Science and Technology; Women and Development; and U.S. Trade with Africa, readers learn, for example, of Nigeria s satellite launch; of stock markets outperforming those of developed countries; the thirty-plus percent return on investment; the sixty-four-year-old entrepreneur who enrolled in elementary school; the pool of techies that has become a magnet for Google and Facebook ventures; home-grown medical students who ride a train into remote corners to deliver health care; women whose financial clout is forcing commercial banks to create wealth-generating instruments just for them; war widows whose hand-woven baskets landed at Macy s; the grandmother of 10 who has a diploma in hotel management from Tadmora Hotel in Israel; industrial research in alternative fuels, grains, pharmaceuticals; infrastructure projects offering huge investment potential; and of a tourism sector that capitalizes on the continent s rich culture and creative industries.

Editorial Reviews

Review

Bravo! McLymont s insightful columns on African economies and trade potential now serve a broader audience as a window through which one can see clearly the evolution and broad range of the continent s most promising sectors for investment. Africa: Strictly Business balances its portrayal of Africa's challenges with its current and prospective contributions to global trade and continent-wide economic growth. It offers a blueprint and guide for where to look, on what to focus and through what competitive advantages U.S. and Diasporan investors can best leverage their skills and networks for successful partnerships with Africa s entrepreneurs and burgeoning business sector. --Ambassador Alice M. Dear U.S. Executive Director, The African Development Bank (1994-2000)

McLymont is living testament to that old saying, For of those to whom much is given, much is required. This former editor at an Economist magazine-owned publication could have stuck to writing articles for the Wall Street crowd. She brought her skills back home with her insightful columns at TNJ, now assembled in this brilliant collection. Finally, we meet the heroines and heroes of African entrepreneurial drive, ranging from the African women basket weavers who struck a marketing deal with Macy s in New York, to visionaries who, but for the lack of capital and effective demand, could build companies that could rival Bill Gates or Warren Buffet s in size and scope. If I were selecting a sub-title for this book, it would be The Africa We Never See.... There is much hope for the continent. --Milton Allimadi, Publisher, The Black Star News and Harlem Business News.

A prudent investor learns to look at the trees, not the forest. This is particularly sound advice when it comes to today s Africa. Lurking behind the forest of sensational headlines describing in gory detail, a succession of bloody conflicts that have infected parts of Africa for years, are thriving enclaves of peace, steady economic growth and high returns on investment. McLymont s Africa: Strictly Business is the right book at the right time, as is often said in business, timing is everything. Particularly now in light of the global financial collapse of the worlds developed economies ," the fact is that Africa s stock markets values accelerated from $300 billion in 2002 to over $1 trillion by 2007. Now, Africa s negative correlation to advanced sectors of the world is actually a positive thing. I say many thanks and a standing ovation to Africa: Strictly Business for putting the readers eyes upon the trees and not upon the forest! --Thomas S. Mims, Founder & CEO, Emerging Africa Ltd.

About the Author

Rosalind Kilkenny McLymont is the editor-in-chief of The Network Journal; a partner in the international trade and business development strategy firm, McLymont, Kunda & Co.; and author of the novel, Middle Ground (Beckham, 2006), winner of the 2007 S Indie Best Fiction award. McLymont started her journalism career in 1985 as an international trade reporter at The Journal of Commerce. She appeared frequently on CNNfn as a commentator on the impact of global events on U.S. trade, and on the National Minority Business Council s monthly cable television show, Business Report. She has won two awards from the New York Association of Black Journalists for her columns in The Network Journal. A former president of the Caribbean Media Association, McLymont was an adviser to the Institute on African Affairs; chairman of the board of directors of the Business Outreach Centers Network; an executive board member of the Desmond Tutu Peace Foundation; and a guest lecturer in New York University s graduate program in Latin America and Caribbean studies. She traveled to Russia as a citizen ambassador with the Alliance of Russian and American Women and was an entrepreneurship development consultant to the Gender Program of the United Nations Development Program s Africa Bureau. Prior to becoming a journalist, McLymont taught English and French in Uganda and the Democratic Republic of Congo for eight years. She is a past fellow of the European Community Visitors Program, studying the EC integration process in Germany, Belgium and Greece. She was named a Woman History Maker by the Caribbean-American Chamber of Commerce and Industry and has received awards from the International Black Women s Congress, the CEJJES Institute, the National Minority Business Council, and the New York Regional Chapter of the National Association of Health Services Executives. McLymont has a master s degree in journalism from New York University, a bachelor s degree in French from The City College of New York, a Certificate in Spanish Language and Literature from the University of Madrid, and a Black Belt in Tai Chi from Ming s Tai Chi Fitness Academy in New York. She resides in New York with her husband, Fritz-Earle McLymont.

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