Tuesday, September 25, 2012

USAID Africa Goes PEU

AllAfrica.com reported:

Heirs Holdings today announced that its Chairman, Tony O. Elumelu, C.O.N., has been appointed to the United States Agency for International Development’s (USAID) Private Capital Group for Africa (PCGA) Partners Forum.

The Partners Forum is comprised of several leaders in industry convened to provide expert advice to the US Government on the best strategies for engagement with Africa’s private sector, and to better align its private investment and development goals.

Following the appointment of several prominent US-based members to the Forum including Edward Mathias, Managing Director and Co-Founder of the Carlyle Group, and Thomas Barry, CEO and Founder, Zephyr Capital Management. 

Note how politically connected Carlyle landed another "advisor" spot that positions them to profit handsomely from U.S. subsidized African development.

The PCGA was initiated at USAID to leverage the agency’s and US Government’s resources to accelerate and shape the flow of private capital to critical development areas in Africa.   

Not only do PEU's want to rob Africa of its rich natural resources, they want to flip their stake in African companies.  USAID wants the U.S. people to pad PEU profits.  A few Africans, like those investing in Alper Oil alongside Carlyle, will get very rich.  How the rest fare remains to be seen.