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How US’s Prosper Africa plan can benefit businesses on the continent

How US’s Prosper Africa plan can benefit businesses on the continent

In my visit to Mozambique and SA last week I stressed with government and business leaders that the US wants to be Africa’s trade and investment partner. Together with my colleagues from across the US government, including the commerce department and the US Agency for International Development, we outlined a compelling case for the value of a US-Africa commercial partnership based on mutual advantage and shared interest in prosperity for all. The US recognises that Africa is a vibrant economy and critical trade partner, with six of the 10...

28 June 2019 | Tibor Nagy
[Updated] Annual review of country eligibility for benefits under the AGOA for 2020

[Updated] Annual review of country eligibility for benefits under the AGOA for 2020

  Notice of initiation of review, public hearing, and request for comments. Download the Notice HERE.   See the submissions as they become available HERE. Summary: The Office of the U.S. Trade Representative (USTR) is announcing the initiation of the annual review of the eligibility of the sub-Saharan African countries to receive the benefits of the African Growth and Opportunity Act (AGOA). The AGOA Implementation Subcommittee of the Trade Policy Staff Committee (Subcommittee) is developing recommendations for the President on...

27 June 2019 | United States Trade Representative
Opinion: US economic intervention into Africa

Opinion: US economic intervention into Africa

US deputy Secretary of Commerce Karen on Wednesday announced at the opening ceremony of the U.S.-Africa Business Summit on Wednesday in Maputo, that the Trump administration message to Africa is simple and blunt:” Choose the United States over China and Russia.”  One can clearly see this as another chapter of President Trump to isolate the Russians and China from trading and investing globally. One must see this latest attempt to impress Africa in order to get its foot in the door to claim the Continent’s resources and growing...

27 June 2019 | CHRIS HARMSE
Prosper Africa’s partial answer to promoting US trade and investment

Prosper Africa’s partial answer to promoting US trade and investment

Commerce Deputy Secretary Karen Dunn Kelley last week unveiled the Trump administration's signature initiative “Prosper Africa.” Building on National Security Adviser John Bolton’s remarks in December 2018, she outlined the U.S. government’s plan to establish a one-stop shop to facilitate deals and “modernize and coordinate the resources of U.S. agencies” to help U.S. companies pursue commercial opportunities in Africa. Administrator Mark Green of the U.S. Agency for International Development (USAID) expanded on...

26 June 2019 | Judd Devermont
Can the US and Africa prosper together?

Can the US and Africa prosper together?

Prosper Africa, the core of the Trump administration’s policy, is a state of mind.  This is not a criticism. The program is an ambitious effort to get every American political appointee, diplomat, and civil servant engaged on African issues to be on the lookout for commercial opportunities for American businesses and to help American companies take advantage of those opportunities. Prosper Africa wants nothing less than to change the culture of American diplomacy in Africa so that the success of American business on the continent is...

26 June 2019 | Whitney Schneidman
Can Trump’s Prosper Africa make America greater than China and other partners in Africa?

Can Trump’s Prosper Africa make America greater than China and other partners in Africa?

The official launch of the Trump Administration’s Prosper Africa program at the Corporate Council on Africa’s U.S.-Africa Business Summit in Mozambique on June 19 comes after months of policy talk about ramping up trade and investment between the United States and African countries. Prosper Africa aligns with the Trump administration’s Africa strategy, introduced by National Security Adviser John Bolton last December, which aims to promote prosperity, security, and stability in U.S.-Africa relations, and confirms the...

26 June 2019 | Landry Signé and Eric Olander
Remarks: The enduring partnership between the United States and South Africa

Remarks: The enduring partnership between the United States and South Africa

REMARKS by TIBOR P. NAGY, JR., ASSISTANT SECRETARY, BUREAU OF AFRICAN AFFAIRS, UNIVERSITY OF THE WITSWATERSRAND, JOHANNESBURG, SOUTH AFRICA As Prepared Thank you Deputy Vice Chancellor Vilakazi for the introduction.  I’m grateful to you and to everyone at Wits University and the African Centre for the Study of the United States for hosting today’s event. And thanks to all of you here today for this wonderful welcome to South Africa.  I know many of you are still reflecting on yesterday’s State of the Nation Address and...

21 June 2019
USAID Mark Green's remarks on Prosper Africa at the CCA conference

USAID Mark Green's remarks on Prosper Africa at the CCA conference

For Immediate Release, Wednesday, June 19, 2019, Office of Press Relations, Telephone: +1.202.712.4320 | Email: This email address is being protected from spambots. You need JavaScript enabled to view it. Joaquim Chissano International Conference Center, Maputo, Mozambique ADMINISTRATOR GREEN: Thank you for that kind introduction, and thank you for your great leadership. And a special thanks to Florie Liser, President of the Corporate Council on Africa for inviting me to join you today. As many of you know, I served as America's Ambassador to Tanzania, Mozambique's beautiful neighbor to the north. My time...

19 June 2019
Trump administration unveils its new Africa strategy — with wins and snags

Trump administration unveils its new Africa strategy — with wins and snags

The Trump administration’s message to Africa has been blunt: Choose the United States over China and Russia.  Officials announced the details of that policy challenge Wednesday in the southern African nation of Mozambique, urging hundreds of African business leaders at an economic conference to ramp up partnerships and trade with American companies. U.S. firms deliver “unrivaled value,” Deputy Secretary of Commerce Karen Dunn Kelley told the crowd. “Yet we have lost ground to the increasingly sophisticated — but...

19 June 2019 | Danielle Paquette
Africa's growth triggers new US-led initiative: Prosper Africa

Africa's growth triggers new US-led initiative: Prosper Africa

Prosper Africa, a US Government initiative, was rolled out at the US-Africa Business Summit held in June in the Mozambican capital, Maputo. This new initiative aims to double US-Africa trade and investment through the articulation of a new whole-of-government approach by the US to make it easier for African and US businesses alike to access, through a one-stop shop, the full range of the US government support services. With the existing African Growth and Opportunity Act (AGOA) due to expire in 2025, the new initiative will allow...

19 June 2019 | Raju Jaddoo
Nigeria: Take advantage of AGOA textile visa stamp, NEPC tasks garment manufacturers

Nigeria: Take advantage of AGOA textile visa stamp, NEPC tasks garment manufacturers

Executive Director of the Nigerian Export Promotion Council (NEPC) Mr. Olusegun Awolowo has charged garment manufacturers to take full advantage of the recently launched AGOA Visa Stamp in Lagos. According to him, the exporters in the sector must not allow the golden opportunity slip away from them. Represented by the Deputy Director, National Export Office, NEPC, Mr. Saave Nanakaan, Awolowo said: “You should learn about AGOA Visa Stamp today, seize it and let the US market become a Nigerian market for textiles and garments. “The...

18 June 2019
AGOA textile visa stamp will benefit Nigerians

AGOA textile visa stamp will benefit Nigerians

Recently, the Nigerian Export Promotion Council (NEPC) AGOA Trade Resource Centre, Lagos, unveiled the AGOA Textile Visa Stamp. The Textile Visa Stamp, according to the NEPC, would enable garment manufacturers in Nigeria to have tariff concession on textile and garments manufactured in the country for export to the United States under the  African Growth Opportunity Act (AGOA). In this interview with FRIDAY EKEOBA, CEO of the NEPC, Mr. Olusegun Awolowo, explained the importance and benefits of the Textile Visa Stamp to the Nigerian...

21 May 2019
Ugandan exporters sensitized on export requirements to benefit from AGOA

Ugandan exporters sensitized on export requirements to benefit from AGOA

The USAID East Africa Trade and Investment Hub (the Hub) partnered with the Uganda Parliament Speaker’s Office, the AGOA Country Response Office and AGOA Exporters Association, to conduct the Uganda Parliamentary AGOA Sensitization Workshops and Exhibition on May 14 -15  at the Uganda Parliament in Kampala. The Ugandan companies learned about the AGOA export requirements to enable them to fully utilize this duty free opportunity. While delivering her opening remarks the Minister of Trade Industry and Cooperatives, Amelia Kyambadde,...

16 May 2019
Uganda parliamentary speaker rallies public to attend local AGOA expo

Uganda parliamentary speaker rallies public to attend local AGOA expo

The Speaker of Parliament, Rebecca Kadaga has highlighted that more needs to be done in creating awareness about the opportunities provided by the African Growth Opportunity Act (AGOA). AGOA is a United States Trade Act, enacted on 18 May 2000 as Public Law that significantly enhances market access to the U.S for qualifying Sub-Saharan African (SSA) countries. Kadaga sounded the call on Friday while addressing the media ahead of a sensitization workshop and exhibition at Parliament organized by the AGOA Exporters Association of...

11 May 2019 | NIXON SEGAWA
South African firms to showcase their capabilities in the USA

South African firms to showcase their capabilities in the USA

A South African delegation from the steel and fabrication; engineering and services; electro technical and services; and oil and gas sectors has arrived in Houston, Texas in the United States of America (USA) where they are showcasing their capabilities at the Offshore Technology Conference (OTC).    According to the Director of Export Promotion at the Department of Trade and Industry (the dti), Luke Govender, who welcomed the delegation to the US, oil and gas is a prominent sector in the dti‘s industrialisation programme. To...

08 May 2019
Kenya seeks to forge close security ties with US

Kenya seeks to forge close security ties with US

Kenya and the United States will continue to cooperate on security in the region, even as both sides focus on advancing economic ties. Ahead of the first Bilateral Strategic Dialogue in Washington on Tuesday, Kenyan government officials say they expect the meeting to also cement security deals focusing on terrorism, policing and border protection. “The two countries are expected to sign the agreement to guide the Strategic Dialogue and the Security Governance Initiative Joint Action Plan, to enhance civilian security and governance...

07 May 2019 | AGGREY MUTAMBO
Kenyan EPZ companies make Sh77.2 billion in sales

Kenyan EPZ companies make Sh77.2 billion in sales

Kenya’s Export Processing Zone-based (EPZ) companies raked in Sh77.2 billion in sales last year, being a 14.7 percent growth compared to Sh67.3 billion realised in 2017. Newly released official data shows that exports, which formed the bulk of trading, rose by 19 percent from 60.7 billion in 2017 to Sh72.3 billion mainly attributed to increased market access in the European Union and the US, especially for apparels facilitated under the African Growth and Opportunity Act (Agoa) initiative. EPZ firms also attracted new investments in the...

06 May 2019 | JAMES KARIUKI
Kenyan exports to the US under AGOA rose by 25% in 2018

Kenyan exports to the US under AGOA rose by 25% in 2018

Kenyan exports to the USA in the framework of the African Growth and Opportunity Act (Agoa) rose by 25.8% in 2018, the Kenya National Bureau of Statistics (KNBS) announced in a recent report. In the report, the KNBS indicates that these exports, mainly made of textile products, grew from Ksh33.1 billion in 2017 to Ksh41.6 billion in 2018. The exports under the AGOA agreement represented 88% of the country’s exports to the USA during the period under review.   “Capital investment increased by 3.6 per cent to Sh16.5 billion in 2018...

30 April 2019 | Moutiou Adjibi Nourou