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In Ethiopia in 2009 Pace International (www.pace-inc.com) launched the first African footwear export program to the US. Four years later a Chinese private enterprise committed $2 billion in Foreign Direct Investment, FDI, in Ethiopia into the footwear producing sector for export. The US State Department cited the Pace Initiative as the most successful export program of manufactured goods Africa has ever had. http://www.theguardian.com/global-development/2013/apr/30/chinese-investment-ethiopia-shoe-cityIn less than 5 years, Ethiopia was thereby transformed from one of the poorest nations in the world for centuries with a $147 average per capita income upon our arrival in 2008 to today the #1 fastest growing economy in the world:http://www.businessinsider.com/world-bank-fast-growing-global-economies-2015-6In 5 years, with erratic, intermittent public funding, Pace International generated a success story that the entire donor community has not been able to attain despite having invested roughly $1 trillion over a 60 year span in Africa.http://www2.deloitte.com/content/dam/Deloitte/za/Documents/strategy/za_ethiopia_growth_miracle_july2014.pdfThe economic revolution taking place in Africa now is being driven by the transfer of lower priced consumer goods manufacturing from China to Africa. Over 10,000 footwear factories in China have closed in the last 5 years; prices are rising and all US importers are eagerly seeking alternatives to China. African stock markets are reflecting these new realities rising 50%-300% compared to the SP500 over the last 5 years. A leading financial publication calls Africa, “The Final Frontier”. For savvy investors looking to diversify their portfolios, there’s only one place left to go: sub-Saharan Africa. Barron’s also cites Africa as the Final Frontier, stating, “Investors will lose a huge opportunity if they avoid vibrant and changing Africa.”And with wealth creation there is an automatic dividend, peace!
Pace International, Inc. (Www.Pace-Inc.Com)
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Founder And CeoPace International, Inc. (Www.Pace-Inc.Com)Bonita Springs, Fl, Us
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Founder & CeoPace International, Inc. (Www.Pace-Inc.Com) Jan 1980 - PresentBonita Springs FlRetained in a variety of industries for start-ups, differentiation,. HR, profit improvement and turnarounds. Clients include GE Capital, Quiksilver, Beall's and Bata the world's largest footwear manufacturer & retailer in 70 countries.Also retained by ADF, USAID and the World Bank for poverty alleviation in Africa. The African engagements involve African producer development and marketing in the US.
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Frequently Asked Questions about Richard Siegel
What company does Richard Siegel work for?
Richard Siegel works for Pace International, Inc. (Www.pace-Inc.com)
What is Richard Siegel's role at the current company?
Richard Siegel's current role is Founder and CEO.
What is Richard Siegel's email address?
Richard Siegel's email address is ri****@****ntl.com
What is Richard Siegel's direct phone number?
Richard Siegel's direct phone number is +158596*****
What schools did Richard Siegel attend?
Richard Siegel attended Syracuse University.
What are some of Richard Siegel's interests?
Richard Siegel has interest in Sourcing, Skiing, Investing, Technology, Economic Empowerment, Education, Poverty Alleviation, Golf, Entrepreneurial Projects, International Trade Development.
What skills is Richard Siegel known for?
Richard Siegel has skills like Start Ups, Product Development, Sourcing, Strategic Planning, Entrepreneurship, Management Consulting, New Business Development, Footwear, Merchandising, Business Planning, Training, Marketing Strategy.
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Richard Siegel
Retired From Deloitte Technology Development, Risk Management And Managed ServicesSeattle, Wa5gmail.com, deloitte.com, deloitte.com, mindspring.com, deloitte.com3 +141233XXXXX
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Richard Siegel
Los Angeles County, Ca
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