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Mozambique launches National AGOA utilization strategy 2018- 2025

Mozambique launches National AGOA utilization strategy 2018- 2025

The African Growth and Opportunity Act is a U.S. trade act that provides duty-free import to goods produced in qualifying Sub-Saharan African (SSA) countries. AGOA came into force in 2000 and was most recently exten­ded to 2025 through the AGOA Extension & Enhancement Act (AEEA). Mozambi­que has been eligible for AGOA since 2000. One of the additions to AGOA through the AEEA is language in the legislation that states countries should produce “AGOA Utilization Strategies” to take advantage of the benefits. Accordingly, this...

16 May 2018
'Kenya needs savvy diplomats to steer global trade agenda'

'Kenya needs savvy diplomats to steer global trade agenda'

The importance of economic diplomacy for Kenya is at its most crucial position in the face of retreating globalisation amid the rise of protectionism.  Protectionism agendas, perpetuated through right-wing ideologies, is gaining significant influence across the globe and developing nations need to be cautious of the implications to their own economies.  The interdependency in international business and the web of globalisation, means political decisions have a farther economic reach than ever before. The current America First...

16 May 2018 | ADAN ALI
Nigeria: Push for increased non-oil export to UK, US intensifies

Nigeria: Push for increased non-oil export to UK, US intensifies

To stimulate non-oil export and diversify the economy, the Nigerian-British Chamber of Commerce and the Nigerian-American Chamber of Commerce are leading a campaign to further open up United Kingdom’s and United States’ markets to Nigerian non-oil exports. They are exploring opportunities in increased intra-Commonwealth trade and the African Growth and Opportunity Act (AGOA). Experts say these can be the much-needed tonic to reposition the non-oil sector, fast-track industrialisation and create jobs.  Nigeria’s transition to a...

11 May 2018 | CHIKODI OKEREOCHA
Gambia AGOA workshop: ‘US committed to expanding trade links with The Gambia’

Gambia AGOA workshop: ‘US committed to expanding trade links with The Gambia’

The United States Ambassador to The Gambia, C. Patricia Alsup on May 9 presided over an African Growth and Opportunity Act (AGOA) workshop in Banjul, using the opportunity to reaffirm the United States Government’s commitment to restoring and expanding its trade links with The Gambia. The AGOA workshop was organized in partnership with the Gambia Investment Export and Promotion Agency (GIEPA), and the United States Agency for International Development (USAID).  The workshop symbolizes the genuine desire of the United States...

10 May 2018
USAID trade hubs created over 60,000 new jobs in Africa - USAID Director

USAID trade hubs created over 60,000 new jobs in Africa - USAID Director

U.S. Agency for International Development’s Mission Director for West Africa, Alex Deprez has revealed that US-Africa trade relations has led to the creation of more than 60,000 jobs across the continent. Alex Deprez expressed US government’s commitment to assisting Africa in its development agenda through trade and investments. He continued that the interventions by the US government which are implemented by the agencies and partners across the continent especially USAID has yielded significant results. The USAID Head of Missions for...

07 May 2018
Position yourselves to take advantage of opportunities under AGOA - Ghana Minister

Position yourselves to take advantage of opportunities under AGOA - Ghana Minister

Minister of Trade and Industry, Alan Kyerematen has appealed for an effective coordination between U.S. development agencies and organizations with regards to what they are willing to offer for the growth and implementation of the African Growth and Opportunity Act (AGOA). According to him, although AGOA seeks to expand trade investment between the U.S.A. and sub-Saharan Africa, U.S. organisations must come clear on their resources in supporting AGOA on the continent. Speaking at a capacity-building and skills development workshop in...

02 May 2018 | Stella Annan
'Global business of secondhand clothes thrive in Africa'

'Global business of secondhand clothes thrive in Africa'

Heaps of clothes, scorching heat and choking dust, hawkers chanting prices, competing for the attention of shoppers, who haggle to get as many clothes at the lowest cost possible. In crowded markets and on sidewalks of African towns and cities, shoppers can turn up Tommy Hilfiger jeans or a Burberry jacket for a fraction of the price in London’s Regent Street or New York’s Fifth Avenue. It is a common scene across Africa, with Ghana, Nigeria, Ivory Coast, Tanzania, Benin, Uganda and Kenya among the biggest markets for second hand...

26 April 2018
Botswana: 'Businesses fail to fully utilise AGOA' - BITC

Botswana: 'Businesses fail to fully utilise AGOA' - BITC

Local businesses are failing to exploit the African Growth and Opportunity Act (AGOA), says the director for export development at Botswana Investment and Trade Centre (BITC), Mr Obert Yuyi. Mr Yuyi said this during a national AGOA response strategy workshop in Francistown on April 24. He said with the recent closure of mines around Francistown, unemployment was on the rise and that it required the business community to take over and employ locals. "Taking advantage of AGOA means businesses expanding and exporting, triggering employment...

25 April 2018 | Amanda David
'Trump’s Africa policy is a continuation of Clinton’s, Bush’s, and Obama’s'

'Trump’s Africa policy is a continuation of Clinton’s, Bush’s, and Obama’s'

President Trump’s Africa policy appears to be off to a bad start. First, there was the unfortunate leak of a remark made privately to a group of U.S. senators in February in which the President referred to African nations as “shithole countries.” Secondly, former Secretary of State Rex Tillerson’s official goodwill visit to several African countries in March was spoiled by the fact that he had to cut his visit short by one day because he heard that the president was about to dismiss him. Nevertheless, there are clear signs that...

23 April 2018 | Herman J. Cohen
Nigeria-America Chamber of Commerce set to build AGOA export park in Edo State

Nigeria-America Chamber of Commerce set to build AGOA export park in Edo State

The Nigerian American Chamber of Commerce (NACC) has expressed readiness to partner the Edo State Government in the development of an export zone to explore opportunities in the Africa Growth and Opportunity Act (AGOA). This was disclosed by delegation of the Nigerian American Chamber of Commerce led by the chamber’s Vice Chairman, Alhaji Abayomi Adigun, on a courtesy visit at the Government House in Benin City, Edo State. Alhaji Adigun said the chamber reached a decision to set-up the AGOA Park in Edo State to facilitate export of...

19 April 2018
Nigeria: Retooling AGOA trade policy to boost export

Nigeria: Retooling AGOA trade policy to boost export

Nigeria has lots of trade agreements with many economic partners meant not just to strengthen bilateral trade cooperation, but also to see that the agreements are of win-win situation. Some of the trade treaties are, however, not making any significant inputs to the economy and therefore due for periodic review. Though, some may be tedious and deliberately made difficult for review by the more favoured partner(s). However, there is no doubt that it is time for the Federal Government to have a second look at past trade agreements that are...

19 April 2018 | TAIWO HASSAN
The President's Advisory Council on Doing Business in Africa: Findings

The President's Advisory Council on Doing Business in Africa: Findings

Covering letter: On November 29, 2017, the President’s Advisory Council on Doing Business in Africa (PAC-DBIA), under the leadership of U.S. Secretary of Commerce Wilbur Ross, adopted its Issues Report, identifying the top obstacles U.S. companies face when approaching, competing in, and operating in African markets. The Council was then tasked with developing a set of recommendations for the U.S. government on how to diminish the obstacles highlighted in the Issues Report. The members of the PAC-DBIA have spent the last three months...

18 April 2018
Opinion: 'America’s petty policy on used clothes for Africa'

Opinion: 'America’s petty policy on used clothes for Africa'

Fostering international development has long been viewed as central to the moral, humanitarian, strategic and security interests of the United States.  In particular, there is one area where the United States has been a leader in development assistance — providing trade preferences to African countries, most of which are low-income countries.  This has been achieved through the African Growth and Opportunity Act (AGOA), which was initially passed by U.S. Congress in 2000 and signed into law by President Bill Clinton. The...

17 April 2018 | Garth Frazer
Rwanda: 'Cotton returns as used clothes'

Rwanda: 'Cotton returns as used clothes'

Contrary to suspicion, Rwanda is not trying to undermine US hegemony in Africa in favour of China by phasing out used clothes. Consequently, President Trump’s AGOA salvo, which will find support in the US Congress, which is deeply suspicious of China, is a ploy to tame African leaders. The US has suspended the duty free status for Rwandan apparel under the African Growth and Opportunity Act. Rwanda, in a brief statement released on April 3, indicated that this followed a decision in March 2016 by EAC member countries to raise tariffs on...

17 April 2018 | Ngovi Kitau