Of the world’s fastest growing markets for 2011-2015, 7 out of 10 are in Africa, according to the International Monetary Fund. Emerging African markets represent a golden opportunity for Californian corporations in several attractive sectors, such as information and communication technologies, clean energy, infrastructure, health, pharmaceuticals and venture capital. To capitalize on opportunities to reach the over 1 billion customers with $1.6 trillion of collective GDP, this lecture will present an overview of the new transformations, attractive business opportunities and strategies to transform opportunities into superior values and return on investment while contributing to poverty alleviation and fostering Africa's development.