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Opinion - 'President Biden needs to 'Build Back Better' on Africa'
In his first major foreign policy address, Secretary of State Antony Blinken declared the key priority of the Biden agenda—"a more stable, inclusive global economy" that "delivers security and opportunity for as many Americans as possible in the long term." In an irreversibly interdependent world, Africa is central to achieving this vision. Over the past decade, Africa has accounted for a third of world population growth and is now home to 15 percent of the global workforce—this will likely rise to a quarter by...
Uganda's Museveni to investors: Exploit Africa’s untapped investment potential
Uganda's President Yoweri Museveni has told a group of African-American investors who are in the country to explore investment opportunities that investing in Uganda is a ‘sure deal’ to the success of their projects because of the prevailing excellent investment environment in the country. The 16 member team was led by Senegalese-American celebrity and businessman Aliaune Damala Badara Akon Thiam alias Akon who met the President earlier in the week before leaving his wife Rozina Negusei with the delegation which has been in the country...
Namibia launches AGOA strategy to increase tariff-free exports to the United States
Today, U.S. Ambassador Lisa Johnson joined Minister of Industrialisation and Trade Lucia Iipumbu to officially launch Namibia’s African Growth and Opportunity Act (AGOA) Utilization Strategy. The strategy seeks to increase Namibia’s exports under the AGOA program, which allows Namibia to export over 6,400 products tariff-free to the United States. This joint effort to develop the AGOA strategy is part of the United States’ efforts to expand mutually beneficial trade with Namibia. The AGOA strategy is a collaboration between the...
'The opportunities are vast in a potential US-Kenya FTA'
Last year, the U.S. and Kenya announced the launch of free trade negotiations, the first of its kind between the U.S. and a sub-Saharan Africa country. If successful, it would be the most significant trade development in the region since the enactment of the African Growth and Opportunity Act (AGOA) trade preference program in 2000. To better understand the key issues surrounding FTA negotiations, the U.S. Chamber’s U.S.-Africa Business Center (USAfBC), in partnership with Covington and the American Chamber of Commerce Kenya (AmCham...
US and Botswana MITI launch revised AGOA Utilization Strategy to improve economic growth in Botswana
On April 29, the Embassy of the United States of America joined the Ministry of Investment, Trade, and Industry (MITI) and other stakeholders to launch the revised strategy (see link to download) at the Hilton Garden Inn in Gaborone. U.S. Ambassador to the Republic of Botswana, Craig L. Cloud, joined Minister Mmusi Kgafela to formally launch the strategy. Also present were the USAID Representative to Botswana, Ms. Alyson McFarland; MITI Permanent Secretary, Ms. Keganele Malikongwa; MITI Acting Deputy Permanent...