Africa: U.S. is Africa’s ‘Ideal Partner’ for Promoting Democratic Institutions & Economic Growth – Tibor Nagy

My experiences in both diplomacy and academia have convinced me that Africa truly is at a critical crossroads, and the direction it takes in the next few years will have a major impact – for good or ill – not only on the continent, but across the world.

Africa’s leaders are beginning to understand that their most important challenge is to create meaningful and lasting jobs for their youth. And I plan to do all I can to help, since the United States is the ideal partner for supporting Africans in building and strengthening democratic institutions and the type of business environments which attract investment that foster economic growth.

The fact is that a more prosperous and democratic Africa offers enormous commercial and trade opportunities for the United States.  As the global economy becomes increasingly intertwined and Africa represents a larger share of global trade, I firmly believe that American companies can and should have deeper ties to the continent, which can also lead to our values and way of doing business becoming the standard in Africa.

American businesses put an emphasis on the rule of law, transparency, recourse for investors, and a level playing field.  Our companies also prioritize training and employing Africans for the jobs they should be doing in their countries. This operating model is the underlying secret to our entrepreneurial culture and thriving economy.

As we look to Africa’s future and try to ensure the youth bulge is an asset for the continent rather than a hindrance, it is important to keep several critical factors in mind:

• The growing number of young people requires an exponential increase in jobs;
• Job creation requires growing economies driven in part by increasing foreign direct investment;
• Foreign companies won’t invest in the absence of a welcoming investment climate, a level playing field, and an educated work force; and
• Finally, African governments which are most open to partnership with the private sector, especially U.S. business, will reap the benefits of knowledge transfers and skills building among their people.

My career has shown me the enormous potential and abundant opportunities for Africa’s future.  As Assistant Secretary for African Affairs, I will be guided by my overarching belief that we must look at Africa through the windshield, and not through a rear view mirror.

I call on U.S. business to take on this challenge as well, and for those with little or no experience on the continent to embrace the vast opportunities that Africa offers.  I am deeply humbled that President Trump and Secretary of State Pompeo are entrusting me with the honor of leading the Bureau of African Affairs, and helping lead our engagements in Africa at this most crucial time in the continent’s history.

*The Piece was originally published at Allafrica.com.Ambassador Nagy is Assistant Secretary of State for African Affairsin the United States Government. He is a retired career Foreign Service Officer who spent 32 years in government service, including as the U.S. Ambassador to Ethiopia (1999-2002) and Guinea (1996-1999), as well as the Deputy Chief of Mission in Nigeria (1993-1995), Cameroon (1990-1993), and Togo (1987-1990). He received his B.A. from Texas Tech University and M.S.A. from George Washington University.