The U.S. International Development Finance Corporation is a new, modernised agency that will support investments in developing countries to drive economic growth, support stability, and improve livelihoods. In this briefing to launch the programme, Overseas Private Investment Corporation Acting President and Chief Executive Officer David Bohigian give insight into the initiative. Excerpts:
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 Rainer Zitelmann
In 1990, the UN made a commitment to reduce global poverty by 50% within 25 years. That this ambitious goal has been achieved is largely due to China’s success. Within the same period, the percentage of the population living below the poverty line decreased from 56.8% to 42.7% across the continent of Africa. However, with 20% of Africans living under the specter of starvation – a higher percentage than anywhere else in the world – there is still a long way to go.Continue reading “Africa Doesn’t Need More Development Aid, It Needs More Capitalism”
Washington DC – May 1, 2017: The 115th Congress of the United States of America passes a Resolution (‘HR 1242’) establishing the “400 Years African American History Commission” to carry out activities to commemorate the anniversary.
Washington DC – Friday, Sept 28, 2018: President Akufo Addo launches ‘Year of Return’
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 Howard W. French
Earlier this month, The New York Times created a mini furor on the internet with a job listing for someone to lead its coverage of East Africa. The announcement described it as an opportunity “to dive into news and enterprise across a wide range of countries, from the deserts of Sudan and the pirate seas of the Horn of Africa, down through the forests of Congo and shores of Tanzania.” It went on to speak of the region’s “many vital story lines, including terrorism, the scramble for resources, the global contest with China,” among others.Continue reading “How to Fix America’s Absentee Diplomacy in 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”.
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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.
By Chris Harmse
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.”
If the United States imports its low-value goods from Africa, rather than producing them domestically, then the U.S. economy can focus on what it best produces: high-value specialized goods and services.
By Alexander C. R. Hammond
Africa is about to lend a hand to the United States. Last week, Africa implemented the world’s largest free-trade area, and that’s great news for American foreign policy.Continue reading “Africa’s New Free-Trade Area is Great News for America”
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”
By Shobana Shankar
To consider that Nigeria, infamous for anti-vaxx campaigns leading to polio outbreaks, has any lessons for Americans may be shocking. But as measles cases in the U.S. climb to an all-time high after the disease was declared eliminated in 2000, U.S. public health officials have been looking for ways to address the problem.Continue reading “What the US could learn about vaccination from Nigeria”
By Ed Royce and Robin Renee Sanders
Since the U.S. BUILD Act was signed into law last October, many people across Africa as well as members of the Africa Diaspora have been asking what this global initiative might do to help revitalize American engagement with the continent. The answer is: quite a lot!
The goal of BUILD or the — “Better Utilization of Investments Leading to Development Act” – is exactly what the American private sector has long sought. BUILD does a number of positive things to boost the U.S.-Africa economic, business, and development relationship.Continue reading “HOW THE BUILD ACT CAN INVIGORATE U.S. ECONOMIC TIES IN AFRICA”
A number of top US officials recently visited South Africa at the request of President Donald Trump as part of an investigation into the country’s land expropriation process.
The delegation, which included US Deputy Foreign Secretary John J. Sullivan, met with AgriSA, Grain SA, and ANC officials on Friday (15 March) to discuss how the land expropriation process may impact property rights in the country.
In a statement released on Monday, AgriSA outlined what was discussed in the meeting and the issues that were raised.
Former American slaves were moved to Liberia in the 1800s to solve the “problem” of black and white people living alongside each other. Their descendants are facing the same journey.