This Administration seeks to do business not just in Africa, but with Africa, moving the focus of our economic relationship with the continent from aid to trade and investment. Trade will be free, fair, and reciprocal, and our investors will be more competitive. This is about creating jobs for both Americans and Africans throughout the continent.
One of our most important bipartisan endeavors in the economic arena is the African Growth and Opportunity Act, or AGOA. AGOA has been the cornerstone of U.S. economic engagement with countries of sub-Saharan Africa since 2000. Read more. Source | U.S. Department of State
The United States Trade Representative (USTR) on Wednesday affirmed the commitment of his country to Africa and saw "great potential to grow and deepen trade relationship."
Robert E. Lighthizer expressed this in opening speech of the ministerial plenary as part of the 16th Forum of the Africa Growth and Opportunity Act (AGOA), on Wednesday here in Togolese capital Lome.
"The United States is committed to Africa. We see great potential to grow and deepen our trade relationship, with the goal of establishing a true partnership for the future", Lighthizer said. Read more. Source | Xinhua.Net
Senior Bureau Official for African Affairs Peter Barlerin will travel to Togo from August 7 – August 10 as part of the delegation led by U.S. Trade Representative Robert Lighthizer to attend the 2017 African Growth and Opportunity Act (AGOA) Forum, held August 8-10 in Lomé, Togo.
Established by AGOA law, the annual forum provides a platform for promoting stronger economic ties between the United States and qualifying sub-Saharan African countries that receive enhanced U.S. market access under AGOA. The theme of this year’s Forum is “The United States and Africa: Partnering for Prosperity through Trade.” The Forum begins with events incorporating private sector, civil society, and U.S.-sponsored African Women’s Entrepreneurship Program (AWEP) participants, followed by two days of ministerial plenaries with representatives from the United States and the 38 African beneficiary countries. Read more. Source | US Department of State
The United States and Togo will co-host the African Growth and Opportunity Act (AGOA) Forum in Lomé, Togo August 8-10. The Forum will bring together senior government officials from the United States and 38 Sub-Saharan African AGOA-eligible countries to discuss ways to boost economic cooperation and trade between the United States and Africa. The African Union and regional economic communities will also participate.
The theme of this year’s Forum is “The United States and Africa: Partnering for Prosperity through Trade.” The 2017 Forum will explore how countries can continue to maximize the benefits of AGOA in a rapidly changing economic landscape, and highlight the important role played by women, civil society, and the private sector in promoting trade and generating prosperity.
Representatives from the private sector, civil society, and the U.S.-sponsored African Women’s Entrepreneurship Program (AWEP) will participate in Forum activities August 8-9. The Ministerial plenaries will follow on August 9-10, bringing together senior government officials from the United States and the 38 African beneficiary countries. Read more. Source | US Department of State
From coffee and chocolate to airplanes and oil, two-way trade between the United States and Africa is booming. That’s due largely to a reciprocal free trade agreement called the African Growth and Opportunity Act (AGOA).
Since that law went into effect in 2001, non-oil trade between the U.S. and Africa has tripled.
The theme of the 16th AGOA Forum, to be held in Lomé, Togo, August 8–10, is “The U.S. and Africa: Partnering for Prosperity through Trade. Of particular interest is the importance of women, civil society and the private sector in powering economic growth. Read more. Source | Share America
Companies may be on the fence about whether to commit to sourcing apparel in Africa, but the U.S. seems certain enough about the continent’s potential to keep investing in the sector there—and namely in Kenya.
Last week, the U.S. Agency for International Development (USAID) East Africa Trade and Investment Hub (the Hub) signed a grant with Kenya that will create 2,000 full-time jobs and provide more than 100,000 hours in skills development for young workers in the apparel industry.
While Africa ramps up as a region for more robust apparel sourcing, the biggest hindrance for those that haven’t taken their business there has been both a lack of sophisticated logistics and a lack of skills in the apparel sector. Read More. Source | Sourcing Journal
The U.S. Agency for International Development (USAID) East Africa Trade and Investment Hub (the Hub) has signed a grant with Generation Program Kenya Limited, a local subsidiary of the McKinsey Social Initiative, to create 2,000 full-time jobs and provide over 100,000 hours in skills development for young people in the apparel industry.
Working hand-in-hand with Kenya’s Ministry of Industry, Trade and Cooperatives, the Kenya Association of Manufacturers and apparel companies, the pilot program will set up and equip seven training centers throughout Kenya and screen 4,000 youth for participation.
The pilot activities include recruitment, training and job placement in the apparel industry. Read more. Source | Capital FM
About 2,000 Kenyan youth are set to be trained and be employed in the textile industry following the signing of a grant between the US government and a Kenyan firm.
In the deal signed on Friday between the USAid East Africa Trade and Investment Hub (the Hub) and Generation Program Kenya Limited, a local subsidiary of the McKinsey Social Initiative, the programme seeks to recruit, train and employ 2,000 Kenyan youth in the apparel industry.
In a press release sent to newsrooms, USAid Kenya and East Africa Acting Mission Director Tina Dooley-Jones said through the initiative to be piloted in collaboration with Ministry of Industry, the Kenya Association of Manufacturers and apparel companies, seven fully equipped training centres will be put up in the country. Read more. Source | Business Daily
"We must change the lenses with which we look at Africa from the traditional development mindset to an investment mindset," Akinwumi Adesina, president of the African Development Bank (AfDB), told last week's U.S.-Africa Business Summit.
"American companies come to Africa bringing their notebooks, while the Chinese companies come to the continent with their checkbooks," Adesina said in his keynote address in which he urged a reversal in the sharp drop in Africa's exports to the United States since 2014 and encouraged American firms "to take a closer look at the opportunities Africa has to offer."
Some 800 private-sector and government participants from Africa and the United States took part in the three-day gathering, a biennial event that CCA has hosted in various locations in the United States and Africa since 1997. Read more. Source | All Africa
Foreign Affairs Cabinet Secretary Amina Mohamed has urged the US to help Kenya improve its economic and security situation, arguing that it will be in the interest of both nations.
In a series of meetings with top US officials last week, Ms Mohamed said that President Donald Trump’s ‘America-first’ policy can still be achieved with increased trade between Washington and Nairobi.
"Kenya values the longstanding partnership and cooperation with United States and is keen to explore new avenues and possibilities of strengthening the relationship as the new ‘America first policy’ takes shape and crystallizes," she said in Washington. Read more. Source | Daily Nation