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:Read more
Tag Archives: American policy in Africa
Economists have called on Sudan’s coming transitional government to make efforts to remove Sudan’s name from the list of state sponsors of terrorism, so that Sudan can take advantage of the initiative to relieve Sudan’s debt.
Sudan’s debt has exceeded $58 billion, according to the economists. The initiative to ease it aims to reform the health, education, and transportation sectors, dissolution of levy institutions, encouraging production in the next phase, development of an emergency plan that takes care of the daily needs of citizens and removing injustice from them. Read more
Trade between the United States and sub-Saharan Africa is in the doldrums despite a 2000 U..S law designed to boost access the American market, a conference in Ivory Coast has been told.
The African Growth and Opportunity Act, which in 2015 was extended to 2025, provides tariff-free access on 6,500 products to 39 countries, ranging from oil and agricultural goods to textiles, farm and handicrafts. Read more
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
After five years of negotiations, followed by years of construction delays, the new American airbase in Niger has been completed. Called Airbase 201, it cost $110 million and is one of the most expensive U.S. Air Force foreign airbase construction projects even undertaken. The main purpose of the base is to improve surveillance and intel collection about Islamic terrorists in the region. That will be accomplished by basing UAVs (Unmanned Aerial Vehicles) there along with some manned aircraft. Read more
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. Read more
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! Read more