On Thursday of last week and with a vote of 97-1, the U.S. Senate approved the “Trade Preferences Extension Act of 2015,” which includes reauthorization of the African Growth and Opportunity Act (AGOA). With this action, the Senate seeks to reaffirm the “centerpiece of trade relations between the United States and sub-Saharan Africa,”
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Going to Kenya is an Important Undertaking, Mr. President
Dear Mr. President:
Recently, the distinguished Harvard professor, Robert Rotberg, made the argument that your planned visit to Kenya in July is a “dumb” idea.
I couldn’t disagree more, and here is why:
One of Professor Rotberg’s central points is that your visit will exacerbate ethnic tensions in the country, as your father was…
Burundi: “Third Term-ism” and the Threat to Democracy
On Tuesday morning, weeks of violent protests in the East African nation of Burundi ratcheted up considerably when Major General Godefroid Niyombare attempted to overthrow President Pierre Nkurunziza. At the time of the announcement, President Nkurunziza was in Tanzania attending a Heads of State Emergency Summit that the East African Community (EAC) had convened to…
Global Financing Facility Looks Beyond the Millennium Development Goals to Bolster Africa’s Private/Public Healthcare Systems
Earlier this week, the Corporate Council on Africa’s Health Working Group hosted a World Bank presentation of The Global Financing Facility (GFF), a broad $4 billion facility that aims to promote reproductive, maternal, newborn, child and adolescent health (RMNCAH) in low- and middle-income countries. The GFF–which was announced in September 2014 and currently consists…
European Parliament Divided on Conflict Minerals Regime
Background
On April 14, 2015, the Committee on International Trade (INTA) of the European Parliament adopted amendments (by 22 votes to 16, and 2 abstentions) on the European Commission’s proposal for an EU conflict minerals regime published in March 2014. The INTA vote followed a compromise reached among three of the main political groups of…
This Year’s IPA Award Showcases Capital Innovations
This week, the African Innovation Foundation (“AIF”), an organization whose purpose is to “to increase the prosperity of Africans by catalyzing the innovation spirit in Africa,” announced the finalists for its annual Innovation Prize for Africa (“IPA”) award. Started in 2011, the IPA award serves to “honour[] and encourage[] innovative achievements that contribute…
World Investors Eye Egypt’s Future
Is the world ready to invest in Egypt? After years of a stagnating economy and political uncertainty, the results from last month’s Egypt Economic Development Conference (EEDC) suggest that investors are taking a fresh look at what could be a new landscape for economic prosperity in the country. To better understand the results and impact…
Ethiopian Airlines Is Bringing Africa Together and to the World
The ongoing expansion activities of Ethiopian Airlines has the potential to make a significant impact on intra-African trade and in deepening the region’s integration into the global economy.
At between 10% and 12%, intra-African trade lags far behind that of other regions. A key reason for this trade deficit is the dearth of transportation…
India’s ICT Companies Lead the Way to Further Indian Investment in Africa
This week, numerous companies from emerging economies will gather in India to participate in the third annual Growth Net conference, a unique platform focused on promoting business, trade and financial partnerships amongst the countries represented. South-South cooperation will be the focus of much of Growth Net’s agenda, and a principal topic of interest will be…
India in Africa: Expanding Opportunities in the Consumer Goods Sector
With more than half of Africa’s 54 countries expected to grow at faster than 5 percent annually in the next ten years, and its GDP projected to increase to $5 to 6 billion by 2025, Africa presents lucrative investment opportunities for foreign companies looking to expand into new markets. For years the focus has been…