Every time I see announcements of foreign companies locating operations in the US, I dream about more African companies doing the same. Companies like United Bank for Africa have US operations, but I am talking about big announcements at the scale of Porsche’s $100 million investment in its North American headquarters near Hartsfield-Jackson Airport in Atlanta, Georgia.
Granted, there is a ton of expansion opportunity on the African continent. The Dangote Group seems to invest $1 billion in a new factory in a different African country every year. Yet, as African governments, companies, and people gain control over the continent’s story, there is something strategic about seeing an African management team shaking hands with the governor and mayor of an American state and city at the announcement of a major deal.
Back in 2010, BCG put together “The African Challengers: (https://www.bcg.com/documents/file44610.pdf), an assessment of African companies poised to make their mark on a global scale outside of the African continent. SABMiller and AngloAmerican, two companies listed in the report, have long been global players in the brewing and mining industries. Perhaps, we could see the likes of an Orascom Construction or MTN Group make moves in the US one day. I’ll keep dreaming.
Originally posted on Tradeology, the ITA Blog:
This post originally appeared on the Department of Commerce blog.
Post by Bruce H. Andrews
Deputy Secretary Bruce Andrews and ABB CEO Ulrich Spiesshofer at the Michigan ribbon cutting
I was thrilled to be in Southeastern Michigan earlier this week to participate in the grand opening of ABB’s first North American manufacturing facility in Auburn Hills.
As global leader in power and automation technologies, ABB’s investment in Michigan demonstrates their commitment to the U.S. market and is a strong signal that America has the most attractive investment climate in the world.
At the event, I was joined by ABB CEO Ulrich Spiesshofer, U.S. Ambassador to Switzerland and Liechtenstein Suzi LeVine, Swiss Ambassador to the U.S. Martin Dahinden, and SelectUSA Executive Director Vinai Thummalapally.
Our SelectUSA initiative is one way the Department of Commerce is helping international businesses like ABB enter the U.S. market. SelectUSA ensures investors can access the…
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