Showing posts with label BRICA. Show all posts
Showing posts with label BRICA. Show all posts

Saturday, July 20, 2013

Western Union (WU) President & CEO Hikmet Ersek Visits Nigeria along Dr. Sanders as Western Union Advisor & WU Regional VP Diarra




   
   Western Union (WU) President & CEO Hikmet Ersek, Dr. Robin Renee Sanders -WU Advisor on Africa SME Initiatives, WU Regional VP for North&Central Africa Aida Diarra @ Press Conference on WU's focus on Nigeria, Lagos Nigeria


Western Union® President and CEO says Nigeria is key to Africa expansion

 Lagos, Nigeria, June 18 2013 - The Western Union® Company (NYSE: WU), a leader in global payments services, today said that Nigeria is at the forefront of the company’s expansion plans in Africa – facilitating reliable cross-border payments with a growing retail agent network and expansion into new channels with mobile payments and account-based money transfers.

With more than half a million locations1 in 200 countries and territories, Western Union has been present in Africa since 1995 and has more than 27,000 Agent locations spanning 50 countries across the continent. In Nigeria alone, Western Union has more than 4,800 locations represented by a majority of Nigeria’s banks.

On a two-day visit to Nigeria, Western Union’s President and Chief Executive Officer, Hikmet Ersek, said, “Western Union’s vision is to become the world’s premier financial services provider for people around the globe who have unmet financial needs. To achieve this, we are pursuing a multi-product, multi-channel strategy to enable consumers to manage their finances any way and any time they want. Nigeria is at the forefront of leading our commitment in Africa.”

“Speeding financial inclusion, giving more people access to basic financial services, is at the heart of Western Union’s investment and commitment to work with partners in other industries to offer new products and services,” he said. We are already demonstrating this in Nigeria with remittances into retail, direct-to-bank and through mobile.”

“For our consumers, this means the ability to move money for personal growth, empowerment and personal achievement. For all of these reasons, and more, I am delighted to be here in Nigeria – the world’s fifth largest2 remittance receiver – to see Western Union’s multiple channel traction taking shape, in association with multiple collaborators,” he said.

“As a leading global payments services company, we are also committed to continuing to bring best practices in the areas of consumer protection, fraud prevention and anti-money laundering,” he added.

Aida Diarra, Regional Vice President, North Central Africa, Western Union, said, “When Western Union commenced its services in Nigeria, the company moved money from 69 countries into Nigeria; in 2012, we moved money from 196 countries. This is testimony to the fact that an integral part of inclusive financial services is a robust and regulated multiple channel network, globally and locally.”

“The possibilities for the future here in Nigeria are strong. We believe that, as we continue to cooperate with other companies and regulators, we can make good use of our network in Nigeria to introduce new channels and a broader range of services that provide basic financial services and promote financial inclusion among millions of people,” she said.

The company’s first bank agent in Nigeria, First Bank of Nigeria (FBN), inked an additional five-year agreement with the company this month.

Account Based Money Transfer (ABMT), a service that allows the receipt of funds transferred through Western Union directly to bank accounts, is currently available with GTBank and Stanbic IBTC. ABMT will also be launched with Eco-Bank.

More recently, Mobile Money Transfer (MMT) was introduced, offering Nigerian consumers the choice to receive transferred funds into their mobile wallets. It is currently available on Virtual Terminal Network (VTN) with access to 500,000 m-wallets.  It will be further expanded with a launch with eTranzact in the coming months. These products form the base of Western Union’s innovative digital product strategy.

Western Union also plays a key role in financial inclusion in Nigeria, which goes beyond enabling consumers to receive money. The company and the Western Union Foundation have partnered with the Tony Elumelu Foundation, the Bank of Industry (BOI) and the United States Agency for International Development (USAID) to support entrepreneurship and help create growth for small- and medium-sized business enterprises in Nigeria and across Africa. Through the unique opportunity, provided by the African Diaspora Marketplace and related programs, Nigerian businesses have been empowered with - development grants, business training and access to pitch to investors and bankers for equity and loan financing.


Note: Dr. Sanders is serving as Western Union's Advisor on its Africa SME Initiative

Ambassador Sanders Received at Nigeria's Stock Exchange (NSE), Meets with Brokers on the NSE Floor














Ambassador Sanders Ringing Ringing Closing Bell at Nigerian Stock Exchange (NSE)

Daily Market Update –June 21, 2013

Photo L-R: Ade Bajomo, NSE’s ED, Market Operations and Technology; Oscar Onyema, CEO NSE; Ambassador Robin Sanders, former U.S. Ambassador to Nigeria; and Haruna Jalo-Waziri, NSE’s ED, Business Development at the Bell Ringing Ceremony by the former ambassador to Nigeria at The Exchange on Friday.

Money Market: Interbank Rates Flat on Maturing Bills
The interbank lending rates ended the week unchanged at an average of 11.33%, as maturing treasury bills and anticipated flows of public funds kept the market from tightening.

The central bank repaid about ₦160 billion ($990 million) on Thursday in matured open market operation debt notes, swelling liquidity.

"The cost of borrowing in the market had gone to an average of 14% for overnight in the week because of shortage of funds, but dropped on Friday after the cash flow from matured bills and expectation of budget allocation," a dealer told Reuters.

Dealers said the market opened with a cash balance of about ₦76.65 billion on Friday, compared with ₦136 billion a week earlier.

The secured Open Buy back (OBB) was unchanged at 11%, 100 basis points lower than the Central Bank's benchmark interest rate.

Both overnight placement and call money closed at 11.5% apiece, same level last week.

Traders said rates will drop to around 10.25% for overnight next week by the time cash from the May budget allocation to government agencies hits the market.

Nigeria distributes ₦620.7 billion in May revenues to its three tiers of government –federal, state and local, but bankers said half of the amount is expected to hit the money market by Monday, helping to provide liquidity support for the banking sector.

Stock Market: All-Share Index Depreciates
The NSE All-Share Index depreciated by 2.11% to close on Friday at 36,464.39 basis point while the market capitalisation of the listed equities on the main board also declined by 2.11% to close at ₦11.72 trillion. Also, the NSE 30 Index sheds 1.99% to close at 1,744.40.

A turnover of 1.63 billion shares worth of ₦21.68 billion in 30,952 deals were traded this week by investors on the floor of The Exchange in contrast to a total of 3.73 billion shares valued at ₦75.87 billion that exchanged hands last week in 39,060 deals.

Meanwhile, the former United States of America Ambassador to Nigeria, Dr. Robin Sanders, paid a courtesy visit at the Exchange today during a Bell Ringing Ceremony.

OTC Market
A turnover of 272.82 million units valued at ₦310.62 billion in 1,903 deals were recorded this week in contrast to 184.033 million units worth ₦206.53 billion in 1,179 deals recorded in the preceding week.
- See more at: http://www.myfinancialintelligence.com/banking-and-finance/daily-market-update-%E2%80%93june-21-2013#sthash.5RAWP02I.dpuf

Tuesday, April 9, 2013

Ambassador Sanders speaks at Furman College on Africa 2013

FEEEDS event

April 2 - 5, 2013
Ambassador (Dr.) Robin Renee Sanders delivered her address, "Africa 2013: The Way Ahead" on April 2, 2013 in Younts Conference Center at Furman University as part of her FEEEDS Advocacy Initiative as a Woodrow Wilson Visiting Scholar. In addition to a keynote address before a public crowd in Greenville, Sanders also spent time engaging in small group conversations and classroom lectures speaking to over 200 members of the community and Furman students. Her public address, “Africa 2013: The Way Ahead,” used a broad lens to provide a balanced view of the socio-political and economic changes in the 48 countries of Sub-Saharan Africa. Her remarks highlighted both the positive political and economic changes, and the remaining challenges as Sub-Saharan Africa  strives to move forward toward “a more perfect Continent.”  The Riley Institute and Secretary Riley noted Ambassador Sanders' positive contribution to the College, its students, and the community from her keynote speech to her classroom lectures on issues as far ranging as Africa, the new global issues such as the environment and food security. Click on link below to see video of Ambassador Sanders keynote speech at Furman College, Greenville, South Carolina on Africa 2013: The Way Ahead http://riley.furman.edu/riley/critical-issues/fellows-residence/2013-robin-sanders

Tuesday, April 2, 2013

The 5th BRICS Summit: Lessons for the "Developed" World

A FEEEDS Series blogspot

 Since May 2010, I have suggested re-coining the term BRICs which, as we all know, focuses on the economic prowess and growth rates of Brazil, Russia, India, China and in Africa only South Africa.  BRICA would be more inclusive of the success and influence of other African nations which are enjoying positive growth rates at 5% or more, larger than South Africa's 2012 estimated 3.5 per cent growth rate, projected to remain similar for 2013. 
Botswana, for example, has maintained a double digit growth rate for the last 10 years; Ghana is still projected to be the fastest growing economy in the region for 2013 at 8 per cent; Mozambique, Nigeria, Rwanda, Angola, Tanzania, and Zambia all enjoyed high single digit growth last year in the 5-7 per cent range, with projections to stay on course in 2013.  
Hence, the “A” in BRICA would represent these other high-GDP African countries and leave room for other Africa nations to be included in this new paradigm, or "new think" economic club. These nations will all progress forward, and build strategic alliances without the traditional "developed" world. This is a good thing, and "developed" nations, particularly the U.S., need to pay more attention. Economic alliances do breed political and strategic ones; thus, on future geo-political issues the U.S. could get left out in the cold on issues where the BRICS might align. 
A Lesson in Strategic Long-Term Planning:
In the U.S., we do not pay enough attention to long-term strategic planning; China on the other hand does, with new President Xi Jinping not missing a beat on his first foreign trip -- including not one, but three African stops.  It would also seem that Russia and Brazil get the doctrine of building long term country friendships in Africa better than we do. The U.S. is coming to the party late in building long term strategic economic relationships with Africa. We are doing better, but are not where we should be. The juxtaposition of having a group White House meeting for four African nations when the BRICS Summit was going on seemed a bit incongruous.
The just concluded 5th BRICS Summit in Durban, South Africa, achieved its goal by further spotlighting the economic importance of the Africa region. Media and institutions from The Economist and Financial Times, to McKinsey have talked about Africa’s Rising economic leadership, especially when the rest of world is struggling - Europe's non-recovery and America's snail-paced one. But as we enter 2013, let’s recap the headline: 7 of the world’s 10 fastest growing economies are in Sub Saharan Africa (SSAfrica).  
In addition to all the presidents of BRICS countries attending, 15 African Heads of State also where in Durban.  In case you missed it, here are some of the "new think" paradigm shifting key factoids out of the Durban reported by France 24, CCTV, and Al Jazeera during the 4-day event:
BRICS Represent:

ü 25 per cent of FDI from  Russia, China and India goes to Africa;
ü 25 per cent of the world’s economy/GDP;
ü 17 per cent of global trade;
ü 50 per cent of global economic growth;
ü $200 billion trade value amongst them.  
BRICS Initiatives:

ü BRICS are creating  a Development Bank focused on infrastructure, with a common currency pool to assist with development and loans as an alternative to the IMF and other international financial institutions; where the Banks HQ is going to be remains undecided;
ü BRICS Development Bank would seek to have $100 billion in capitalization;
ü China to give Africa 20 billion in loans over next few years;
ü BRICS Business Council and BRICS Think Tank efforts further developed; and,
ü China and Brazil discuss a $30 million currency swap.
On top of the BRICS-related news, the average 2012 collective growth rate for SSAfrica is hovering between 5.8-7 per cent with the The Economist and World Bank forecasting this to be the case for the Region for the next 20 years. Banks on the Continent are also improving their macroeconomic picture with many of them making the 2013 Best Emerging Market Bank list of Global Finance Magazine, as they have improved their asset growth, profitability, strategic relationships, customer service, competitive pricing, and innovative products. For the Region, Nigeria’s ECO Bank is being hailed as the winner for the upcoming 2013 awards event.

Lean Forward: What's Next:
Of course the watch words are what is next and how will Sub-Saharan Africa's proposed economic prowess trickle down to reach its most poor. Resources in the proposed BRICS Development Bank slated for Africa's infrastructure,  agriculture, and education will need to actually reach and change the quality of life of the intended, and impact the most needy. Although the BRICS positive economic news is top of the line, we cannot lose sight of some of the staggering SSAfrica demographics:
  • 1.5 billion people continue to live on $1.25 to $2.00 per day;
  •   2.7 in 2011 to 2.8% in 2012 per capita rates - a small increase, when UN notes minimum rate needs to be 3% per capita just to inch above the poverty line;
  • 133 million young people in the Region who cannot read;
  • 239 million in sub-Saharan Africa go hungry daily; 26 per cent of this figure are children says 2011 World Hunger and Poverty Facts;
  •  8.2 million children in West Africa are affected by food security or are malnourished;
  • 4 of the top countries on the world list of nations with the largest economic income disparities and inequities amongst their population are in SSAfrica - Namibia, Botswana, Lesotho, and South Africa; South Africa reportedly has the highest income disparity in the world according to CCTV;
  • 1 in 4 Africans only have access to electricity, and  intra-African trade is only about 10 per cent of total exports;
  • 5 countries in SSAfrica where mid-ranked on the 2012 Transparency International’s (TI) Corruption Index (Botswana, Cape Verde, Mauritius, Rwanda, and the Seychelles); not a lot given that there are 48 countries; the rest of the countries fell below 50 per cent on 100 point upward scale;
  • 30% of the region has paved roads or working railways, a very low percentage given the Region's vast size.
  • 9-10 of the Region's countries, I would put on the political concern list because of either insecurity or governance issues (Mali, Central Africa Republic, the two Sudans, Eastern DRC, Guinea Bissau, Somalia, Cote d'Ivoire, and parts of Northeastern Nigeria; Kenya's post-election uncertainity could add it to the list).   
This is by no means an exhaustive list, but it helps keep things in perspective for the challenges, we all hope the BRICS (or BRICA) resources will address. These are also the areas that need more focus and resources from the "developed world," if it wants to  remain viable as the BRICS nation lean forward with their "new think" paradigm on how to do things and how to get things done.
 


     

Friday, March 22, 2013

New Global Landscape & Your Role as Global Leaders


The New Global Landscape & Your Role As Global Leaders
Remarks by
Ambassador (Dr.) Robin Renee Sanders, 2013 Woodrow Wilson Visiting Scholar

Westminster College Fulton, Missouri
(historic site of Winston Churchill's Iron Curtain Speech)

March 21, 2013

A FEEEDS series blogspot

The New Global Community

It is said that every decade or so our world creates a new global order – as generations shift, leaderships transform, visions change, and creativity and innovation force us all to live our lives better, longer, differently and certainly with more challenges. Today’s global landscape is much, much different than the one in 1946, when Winston Churchill graced these halls and charted a way ahead out of troubled waters for the international community.  We are living in extraordinary times as world challenges are increasingly more daunting, but equally so are the enormous opportunities to make a positive difference. 

What does the New Global landscape Look Like?

So, what does the new global landscape look like; what role do you want to play in that landscape? What are the things you may want to change? And, What are the challenges you might face? I thought I would share some of the things that would be on my mind – based on what I know -- if I were in your shoes today.

Who are the New Emerging Leader Nations?

So let’ start with answering the question – who are the new emerging leading nations that are on the scene today and what they mean for the United States as strategic political or economic partners. And, then turn to those I would put into the group of nations I call “different drummer nations,” (or adversaries) which present challenging relationships for us based on past and present geo-political issues.

One thing for certain is that the player nations that you might put on either your emerging list, or different drummer ledger -- will change all the time (so you will need to keep an eye on the globe), and there will be times when countries will flip slides of the ledger on specific geo-political issues.

In either case there will be human or country cultural elements that you will need to pay attention to as you continue throughout the 21st Century such as:

-- How are their world views different from ours;

-- Are their obstacles we all face;

-- Are there changes we all need to embrace or do our utmost to fight against?

Who would I Put on My Emerging Leader Nation List (ELNL)?

In the category of new strategic political and economic partners, I would include the BRICs or what I prefer to call BRICA nations. I know most of you know the term – BRICs – meaning Brazil, Russian, India, China, and South Africa – as these nations have taken political and economic global leadership roles in last 10 years – whether we as the US agree with them or not. They have developed and forged new ties among themselves and with other nations in key sectors, and international fora. I prefer to use the acronym BRICA, a term I mentioned in an article of mine last year -- because outside of South Africa -- there are 7-8 other nations in Sub-Saharan Africa with GDP’s at 6-8 percent, greater than South Africa’s 3.5%, and they are pushing forward on their global political and economic prowess.  Hence, the “A” in BRICA represents for me these other high-GDP African countries, in addition to South Africa, leaving room for others Africa nations to be included in this club as they progress forward.

Of course, Russia’s GDP has had its ups and downs during the 10 year period when the BRICs group first emerged, and we already see China’s economy slowing down. We have issues with both on Human Rights, and closed society internal politics. Regardless, they are on my list for their shear global influence; and, they do have influence. In fact, the G-20 will be held in Russia this year.

In addition to the BRICs/BRICA grouping, there are also more south-south international and political groupings of which the U.S. is not part, (Arab League, Organization of Islamic States, China-Africa Summit, Group of 77, etc.), except sometimes as an observer, or an invitee to give a single speech. Even the BRICs held their own summit in India last year for the first time, and the Durban Summit this year will mark the 5th global meeting of the grouping. The bottom line is that all of these groupings are beginning to have an impact on what their members think and do. They have “new-think” approaches to global -- political, trade, and development and are building new strategic alliances.

Although the United Nations General Assembly is not a new sub-organization, more and more geo-political views – such as the recent positive vote on the recognition of Palestine -- get played out there as a result of the closed society that makes up the permanent members of the UN Security Council, -- where that membership has not changed since the creation of the UN.   Many emerging nations continue to press for a change in the UNSC permanent membership. The U.S. still remains against this; I think we are on the wrong side of history to do so in today’s changing global landscape.

But, no matter how you think about emerging leading nations – whether you include BRICs, call them BRICA, include other south-south countries and political groupings, or whether you think (or care) that their GDP’s are high or low….there are country cultural elements that we need to pay constant attention to in the ever-changing global landscape  of new emerging nations. Here are a few important points why:

-- These new emerging leaders do represent a “new think” in how to do business and what they want to see in the new strategic and economic global landscape;

 
-- We need to better understand their “new think” in order to truly manage and control our own strategic interest and geo-political relationships.  Using both China and Russia as examples again --  we need to find ways to work with them on some of our overall strategic goals. We were able to bring Russia along on Libya, but not yet on Syria. On North Korea sanctions, both China and Russia got on board in support of our position on the issue.

 
-- I do not believe we need to be constant allies on every issue, but we need to understand their human cultural issues and their “new global think” enough so that when we do need their allegiance on key international issues, we have a better idea of how to achieve our goals.  And, how to work with them in times of disagreement. In some cases it will be like keeping our  “frienimies” close. For example on the cyber-attack issues, I would argue we need to keep a close eye on both China and Russia.

-- On trade and development, how do we compete differently with these emerging nations – but keeping our fair and transparent goals in place so that we continue to build relationships for our businesses, goods and services? Clearly, we have issues with how China and Russia do business around the world as their businesses are not required to follow transparent practices in securing deals -- making the landscape unfair for our private sector that have to follow the Foreign Corrupt Practices Act.  

 
-- Brazil’s and India’s private sector are playing a bit fairer, but just do business differently with special support from their governments --  requiring less than “perfect” environments with developing countries, especially in Africa. We tend to want everything to be perfect before we go into some developing countries. As a nation, we are beginning to change this, as can be seen with our economic relationships with Vietnam, Malaysia, Indonesia, even now with Burma, and  of course the number of U.S. businesses that have been in China and Russia for years.

 
-- The good news , however, is I still believe, and evidence does support that they many developing world nations still prefer U.S. goods for their quality, innovation, and our overall best practices approach.

 
-- Staying on the economic side, there are a few key sectors today that the “new think” nations are focused on because of high global trade, investment, and development demand: agriculture, infrastructure development, information communication and technology, environment, including renewables, energy (oil, gas), timber, and fisheries. I mention these because you too as new leaders will need to keep a mindful eye of what the key important sectors are as part of your strategic thinking.

The Different Drummer Nations & Our Challenging Relationships:

In this new global landscape there are both challenging factors, and challenging (or adversarial) geo-political relationships that would be on my list if I was a new global leader.

What are the Challenging Factors?

They are all wrap-up, in my view, in global demographics: What do I mean by demographics – everything that impacts outcomes and geo-political relationships – from economic disparity to population sizes and breakdowns by age and gender; world resource locations (where is the oil, timber, jobs, lack of jobs, etc., land and water resources; religious differences or groups that might impact world views, produce conflicts, affect perceptions of an action or statement (look at the positive impact the naming of Pope Francis has had on the Catholic Church) -- in essence what are the human, or country cultural differences of which you need to be aware. 

All of these things are elements in my demographic umbrella and as global leaders you may need to take these or others into account.

So some examples:

-- What regions of the world have the most arable land and available water resources? Africa and Latin America.

 
-- Where is the most economic income disparity today (despite our own economic challenges in the US)? Africa, Latin America, and Asia, with South Africa leading the way as the country with the world’s  greatest inequitable income distribution.

 
-- What regions of the world have the largest growing youth and gender demographics? Africa, tops the list (in fact it is called the youth bulge there), Latin America, the Middle East, and parts of Asia (with Japan being an exception with an aging population, and China having - large young and old populations)

-- On women, if women as a demographic world group were a nation, it would be the third largest nation in the world behind China, and India.

-- Poverty, food security, corruption, lack of good governance, lack educational and employment opportunities are also top of the list for Africa, Latin America, the Middle East, and Asia. 43 percent of the world’s population lives on less than $2.50 per day, and in most of Africa it is less than $1.00 a day. By 2020 1 million more people in the world will be pushed into poverty on top of the current 3 billion; globally 22,000 children die each day due to poverty; 1.1 billion children in the developing world don’t have access to clean water, and live in poverty; and 75 per cent of the world’s -- wealth is in the hands of 20% of the world’s population.

-- I call these issues the FEEEDS issues

-- All of these demographics are important because they do affect geo-political and economic relationships, and world views which can be very different from our own.

What are the Links between the Challenging Factors and Challenging-relationships:

-- Examples today of cause and effect of some of the above demographics: the Arab spring and its redo or continuation in fragile states like Libya, Tunisia, Egypt, Bahrain, Yemen, and so on.  Rising extremism and Al Qaeda-affiliates across the Sahel region of Africa, remaining conflicts in Iraq, the Taliban resurgence in Afghanistan, and ongoing terrorist attacks in Pakistan, lots of uncertainty in Syria, and our negative sum game relationship with Iran. I have already mentioned North Korea.

 
-- On Iran, even if we are not dialoguing with them other countries are, including Russia. The worry and question on Iran that I have is how much political influence they might be garnering today that they may be storing up to use later as it continues its outreach in Africa and Latin America.  It was not missed that Ahmadinejad attended Hugo Chavez’s funeral.

 
-- Are we in the United States leaning forward, or looking out ahead enough at these demographics and the array of different drummer countries to deal with the geo-political issues they might present for us? We are looking at some, but certainly not all -- and we need to.

 
-- You as global leaders will need think about these issues; Think about building relationships; Think about the strategic long term with both emerging leader nations and different drummer countries.

So How do We Engage?

We must engage differently than we have in the past; we must listen more; and, understand each country may have its own path to democracy. The question is how we assist, if asked to help, while also taking care of some of the same issues right here at home. We can seek to share our values and principles without appearing heavy-handed, and unconcerned about the plight that everyday people face with the searing demographics I just mentioned.

I do believe that there are global human values that most people hold dear: they want to be able to feed, clothes and house their families; live with dignity and respect for human rights; access to health systems, have affordable education for their children; a living wage through job creation or through entrepreneurial expression, providing voice for the voiceless, encouraging free press and good governance within a recognized legal, tax and transparent framework, and a reduction/elimination in corruption.

There are key activities we need to support more than we do such as increased vocational and entrepreneurial training, providing more assistance in basic primary and secondary education; and, innovation in food security.

-- Although we have improved a bit over the last several years, we need to continue to move away from providing our tacit support for some oppressive governments, encouraging peaceful transition to change from closed to open societies. The world is interconnected and what happens elsewhere will eventually affect us.

 
-- You as future leaders have an opportunity to play a role in these changes in almost any way you choose – but have some sense of the global landscape you are facing: seek to understand these human cultural differences that each country has, pay attention to the array of possible demographics, and be innovative on how we might help address them. 

In concluding,
At Westminster, you have this wonderful tradition of walking through the sacred original six columns that use to be part of Westminster Hall. At graduation you walk back through those impressionable pillars, knowing that the intervening years have provided you with the building blocks to become a global leader.
You have learned in the midst integrity, fairness, and respect. I would add then to your list the need for a better appreciation of human and country cultural values (what I  have been calling in my lectures --  human cultural communication), and demographics that go with them.  It is a complicated, tough global environment, and players and challenges will constantly change. You will need to understand and try to address these changes without losing the sense of who were are as a nation.

We must fight enemies whenever and wherever we can, but not pick fights unnecessarily.  This includes being tolerant of others who see the world different as long as they do not choose to do us harm. We do not always have to agree but in the first order seek ways to work for the greater good.  President Eisenhower in the 1950s use to call this “thinking in time;” meaning -- thinking strategically about the times in which you live; thinking smart about the global environment you are in. You are the new global leaders. So, Educate, Lead, and Inspire in shaping the new global landscape; I will be counting on you to do this. Thank you.

Sources: Blogitrrs.blogspot.com; twitter/#rrsafrica; Nigeria’s Finance Minister Okonjo-Iweala; CCTV; www.statisticbrain.com; The Global Human Development Report – research date 7.23.2012.