By Naunihal Singh | Africa Report
Regardless of who wins the US elections in November, analysts have argued that a process of updating and revitalising US policy towards Africa is overdue. New data from Afrobarometer’s latest round of public attitude surveys conducted across 18 African countries during 2019/2020 provide several guideposts for US policy makers.
Continue reading “US/Africa policy must have voices of ordinary people from across the continent”
By Gracelin Baskaran | Brookings Institution
In recent months, the U.S. began negotiations for a bilateral free trade agreement with Kenya. These negotiations are aligned with the current administration’s vision for trade reciprocity rather than unilateral trade preference programs. Although these negotiations could produce the first bilateral trade agreement between the U.S. and a sub-Saharan African country, a shift from regional preferential trade agreements to bilateral free trade agreements could undermine the growth of smaller countries, who may not be of enough economic interest to the United States.
Continue reading “US-Africa trade relations: Why is AGOA better than a bilateral free trade agreement?”
By Dave Boyer
Money for a “Green New Deal in Africa” and a solar panel project for Central Asia are among the targets for the Trump White House as it aims to slash what it sees as a bloated U.S. foreign aid budget.
Continue reading “‘Green New Deal in Africa’ on Trump’s list of foreign aid cuts”
By Haleluya Hadero
Ethiopia’s parliament this week passed a bill to allow members of the Ethiopian diaspora, who have taken up nationalities in other countries, to invest, buy shares, and set up lending businesses in the country’s state-dominated financial sector.
It’s the latest step in a general push to liberalize the country’s economy. The government has previously said it will privatize Ethio Telecom, the state-owned telecommunication monopoly.
Continue reading “Ethiopia’s financial reforms hold promise for its diaspora business community”
Nick J. Danby
After two nefarious scrambles for Africa during the colonialism of the nineteenth-century and the Cold War in the twentieth century, another surge in foreign activity—another scramble—has affected Africa. With its exponential population and economic potential, governments and corporations from outside Africa have strengthened their relationships on the continent.
Continue reading “More than Just Investment: Why America Was Once So Popular in Africa”
By Jay Benson
Nigeria’s first diaspora bond, issued in 2017, was a resounding success. It raised $300 million for investment in infrastructure from Nigerians overseas and was oversubscribed by 130%. The government is now reportedly planning a second similar offering.
As many African countries attempt to raise development finance, diaspora bonds – which resemble other kinds of bonds but are targeted at citizens abroad – are highly appealing.
Continue reading “How bonds aimed at the diaspora can raise crucial funds for Africa”
By Edwin Naidu
Senior United States diplomat Tibor Nagy, assistant secretary of state for African affairs, said his country is committed to strengthening ties on the African continent through stronger trade links and investment in higher education.
Nagy, the former vice-provost for international affairs at Texas Tech University in the US, spoke glowingly of the “enduring partnership between the United States and South Africa”.
Read more from source
By Boureima Balima
African leaders launched a continental free-trade zone on Sunday that if successful would unite 1.3 billion people, create a $3.4 trillion economic bloc and usher in a new era of development.
Continue reading “Economic ‘Game Changer’? African Leaders Launch Free-Trade Zone”
By Landry Signé and Eric Olander
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 administration’s prioritization of trade and investment to reach those three objectives.
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By Nick Westcott
Does President Donald Trump have a policy on Africa, and if so what? The answer to this question is both interesting and revealing.
President Trump does not seem to pay much attention to Africa. Apart from his well-publicised comments to a group of senators in January 2018 dismissing the whole of Africa as “shithole countries,” he has not said much about the continent.
Continue reading “The Trump administration’s Africa policy”