When officials representing about 200 U.S. and African companies and business organizations gathered in the District on Tuesday for a historic business forum, leaders in the extractive sectors — the mining, oil and gas industries for which African economies are best known — were all there. But so, too, were private equity fund Carlyle, retail giant Wal-Mart, the Wal-Mart-owned South African retailer Massmart and upstart Nigerian telecommunications company Solo Phone — all signs, analysts said, of the dramatic expansion of the continent’s consumer economies in recent years.
Posted on: Wed, 06 Aug 2014 20:30:01 +0000