Trillion-Dollar Rebuff Spurs African Road Trip: Israel Markets
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Israel’s government is leading 50 executives this week on a tour of Africa in a bid to diversify business interests amid the threat of international boycotts and irritation over new corporate taxes.
Foreign Minister Avigdor Liberman is seeking deals in the world’s fastest-growing economies for companies including defense contractor Elbit Systems Ltd., irrigation equipment maker Netafim Ltd. and billionaire Idan Ofer’s Israel Chemicals Ltd. Ofer was in Ethiopia last month to inspect his latest investment in a $642 million potash mining project. The company is looking to turn around the worst stock return this year on the Tel Aviv benchmark stock index.