The event was made possible by the new attention Bank President James Wolfensohn has given the developing world within the institution, according members of the club. While it is true that a majority of our oil imports from Africa stem from Nigeria, actually there are a host of other countries on the continent where there are substantial business opportunities. We know this is not true. Infrastructure, transportation, pharmaceuticals, and agribusiness also involve American companies, he said. They are reliably well-managed economies and have been over a period of time.
All African governments are politically unstable.
Now that is a grand myth and one that you can put to rest very easily. One can look at Zimbabwe, Mauritius, Botswana, Tanzania, Senegal, Cote d'Ivoire, and South Africa and see that political instability is not endemic to the continent. They include cellular communications, coin-operated laundries, and water treatment and irrigation.