Tag: WASHINGTON

Billionaire Mo Ibrahim tells misinformed American businesses to Google about Africa

Billionaire Mo Ibrahim tells misinformed American businesses to Google about Africa

Business
WASHINGTON — A leading African billionaire said on Monday that "misinformed" US businesses need to study up on the continent’s opportunities, suggesting they start by googling. “I have always been optimistic about Africa, and Africa is where I make my money, without paying bribes… In 15 countries we have built a mobile communications [company] there and we did not pay a single dollar [in bribes].” This is according to Sudanese-British telecoms billionaire Mo Ibrahim, speaking to an audience at an event on the sidelines of the US-Africa Leaders Summit, currently being hosted in Washington DC. The Summit, the first of its kind, is being attended by US President Barrack Obama and close to 50 African leaders to discuss a number of issues concerning US-Africa relations. Ibrahim pointed out