Franklin Amoo of Baylis Emerging Markets Appointed to President Biden's Advisory Council on Doing Business in Africa (PAC-DBIA)
NEW YORK, August 26, 2022 – Baylis Emerging Markets LLC, a leading private equity firm investing global capital in African markets, today announced that Franklin Amoo, the firm’s Co-Founder and Managing Partner, has been appointed to the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) by Secretary of Commerce Gina Raimondo.
The PAC-DBIA is an important forum for dialogue between the U.S. Government and the private sector, having had numerous concrete impacts on U.S. policy and programs concerning trade and investment with Africa since its inception in 2014.
Amoo joins a 24-member panel of private sector business leaders who will serve a 2-year term advising President Biden on ways to strengthen commercial engagement between the United States and African countries. Drawing on his investing experience at Baylis, Deutsche Bank and Mizuho, Mr. Amoo’s insights as a council member will help advance the Biden Administration’s commitment to expanding and deepening U.S. trade partnerships in Africa. These include the Prosper Africa initiative, the Partnership for Global Infrastructure and Investment, supporting implementation of the African Continental Free Trade Area, and advancing bilateral memoranda of understanding focused on enhancing U.S. commercial cooperation with African countries, among other activities. Baylis is also uniquely positioned to support the critical US priorities of re-shuffling global supply chains from current geographic concentrations and promoting vendor sensitivity in the telecommunications sector.
Additionally, the PAC-DBIA will advise the President on facilitating U.S. business participation in economic sectors critical to economic recovery from recent global crises and to inclusive long-term growth across Africa, creating jobs in the United States and Africa through trade and investment, building the capacity of Africa's youth and entrepreneurs to develop trade and investment ties with partners in the United States, and developing and strengthening partnerships and other mechanisms to increase U.S. public and private sector financing of trade with and investment in Africa.
“I am honored to have been selected for the PAC-DBIA and look forward to serving alongside other business leaders helping the U.S. business community to realize and unlock the enormous potential available in Africa. Baylis’ investment experience, particularly in telecommunications and manufacturing, suggests there are real and differentiated opportunities for American investors and corporations to profit from increased exposure to African markets as the continent integrates into global supply chains. I look forward to working closely with my colleagues on the Council to contribute to strengthening the United States’ position in Africa,” said Franklin Amoo, Managing and Founding Partner of Baylis Emerging Markets.
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Founded in 2015, Baylis Emerging Markets LLC is a private equity firm that invests in growth companies across African markets, with a focus on the telecommunications, digital infrastructure, manufacturing and industrials sectors. Baylis’ diverse team holds extensive expertise in frontier markets, deep experience operating in African markets, and a proven track record of value creation through ESG initiatives. The firm’s investment platform is characterized by a rigorous analytic approach, best-in-class investment diligence, and robust compliance safeguards.
Baylis’ long-term objective is to enable the efficient financing of Africa's industrialization via the deployment of global capital into African markets. The firm’s maiden fund, the African Industrial & Telecommunications Growth Fund (“AITGF”), targets high-performing assets within the manufacturing, light Industrials, telecommunications and digital infrastructure sectors across Africa. In addition to targeting the job creating sectors critical to Africa’s integration into global supply chains, Baylis creates impact by applying gender and climate lenses to its investments which also strongly promote digital and financial inclusion, skills transfer and gender equity. Baylis currently has offices in New York City and Lagos, Nigeria.
Established in 2014, the PAC-DBIA was designed to provide recommendations and analysis to the President, through the Secretary of Commerce, on strengthening commercial engagement between the United States and Africa. Over the next two years, the PAC-DBIA will serve as an important source of private sector input helping to advance the Biden Administration’s commitment to expanding and deepening U.S. commercial partnerships in Africa that are grounded in shared interests, support, and mutual respect and responsibility.
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