Next week, some 40 African finance and trade ministers, along with a large contingent of senior U.S. government officials will descend upon the coastal city of Lomé, Togo for the annual African Growth and Opportunity Act (AGOA) Forum. There will be more eyes on this year’s Forum. Aside from Secretary Ross’ brief address at the … Continue Reading
Earlier this month Witney Schneidman appeared on CNBC Africa at the close of the G-20 meetings to discuss Germany’s plan for Africa. In this segment, Mr. Schneidman focuses on increasing foreign direct investment, and the related opportunities and challenges. The full clip can be found here. … Continue Reading
The contours of Trump’s Africa policy are emerging, although key appointments, such as the assistant secretary of state for African affairs, have yet to be made. On February 13, President Trump had telephone conversations with President Muhammadu Buhari of Nigeria and President Jacob Zuma of South Africa—his first with leaders from sub-Saharan Africa. The calls, … Continue Reading
The end of the 22-year reign of former Gambian President Yahya Jammeh, ushered in by the December election of opposition candidate Adama Barrow, is widely seen as a win for democracy in Africa. More so than anything else, this is a win for the Economic Community of West African States (“ECOWAS”) and regional self-policing in … Continue Reading
Nana Akufo-Addo, the 72-year-old leader of the New Patriotic Party (NPP), was elected Ghana’s president on December 9 by a margin of 1 million votes, affirming the country’s status as a leading democracy on the continent. The peaceful election supports former assistant secretary of state for African affairs and election observer Ambassador Johnnie Carson’s recent … Continue Reading
For Africa, at stake in this election of Donald Trump is the strong bipartisan consensus in Congress that has been the cornerstone of U.S. policy toward the continent for the last three administrations. This consensus, supported by Presidents Clinton, Bush, and Obama, was predicated on the notion that Africa has opportunities worth U.S. attention and … Continue Reading
According to the 2016 Global Slavery Index, an estimated 45.8 million men, women and children around the world are ensnared in some form of modern slavery, which includes slavery, servitude, forced labor and human trafficking. Sub-Saharan Africa is particularly vulnerable to this scourge: Estimates of modern slavery in Sub-Saharan Africa accounted for approximately 14 percent … Continue Reading
On May 25th, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, made the long-awaited announcement that the country would no longer peg the naira at N197 to the dollar. This change went into effect on Monday, which was the first time in recent history that the naira’s value was determined by market … Continue Reading
Solar energy is a very good and important investment in sub-Saharan Africa. The energy is cheap, clean and relatively easy to install. It is also very beneficial to consumers. As Andy Herscowitz, the coordinator for Power Africa notes, individuals do not have to rely on an electricity grid that can be unreliable, and once they … Continue Reading
Is Africa becoming a strategic priority for Japan? The Sixth Tokyo International Conference on African Development (TICAD VI), held in Nairobi, Kenya August 27-28, suggests that Japan is looking at Africa differently than in the past. For one, the five previous TICADs have been held in Japan; this is the first to be convened on … Continue Reading
This past June, the Senate Foreign Relations Subcommittee on Africa and Global Health Policy held a hearing to discuss U.S. sanctions in Sub-Saharan Africa. The United States, the European Union, and the United Nations impose far more sanctions on Sub-Saharan African targets than on any other region, and these sanction regimes have been changing over … Continue Reading
In 2015, African Union (AU) Commissioner for Political Affairs, Dr. Aisha Abdullahi, indicated that a plan was underway to implement a single African passport. After recent announcements that the AU passport would be unveiled at the AU Summit in Kigali this month, the long-awaited continental e-passport has finally been revealed. The first recipients of the … Continue Reading
In 2010, Africa’s leaders gathered at the African Union in Addis Ababa to celebrate 50 years of independence. In Washington, President Barack Obama marked the occasion by hosting a town hall meeting of young African leaders from nearly 50 countries. What looked at the time to be a curious way to mark a significant moment … Continue Reading
On May 25th, the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, made the long-awaited announcement that the country would no longer peg the naira at N197 to the dollar. This change went into effect on Monday, which was the first time in recent history that the naira’s value was determined by market … Continue Reading
Ten months ago, on August 26, 2015, Zimbabwe’s 92-year old leader, Robert Mugabe announced a 10-point plan to revitalize economic growth. Since then, the government has taken steps that signal the intention to transform a moribund economy. But the question is whether a Mugabe-led government can be successful in restoring growth and confidence in a … Continue Reading
In a recent interview, Executive Director of the Nairobi-based United Nations Human Settlements Programme (UN-Habitat) Dr. Joan Clos stated that “urbanization will be a big opportunity for Africa in the coming years.” It comes as no surprise that harnessing the potential of Africa’s urbanization will be a top agenda item at Habitat III, the major … Continue Reading
With the demise of the Doha Development Round at the WTO Ministerial in Nairobi this past December, the multilateral approach to global trade negotiations has largely ended. Given that the number of regional trade agreements has increased from 70 in 1990 to more than 270 today, it appears that it is every region for itself … Continue Reading
Intra-African travel — which is critical to unlocking the region’s tourism potential — is set to become easier, safer and more open. Easier — Open Skies Agreement between Ethiopia and Rwanda. Ethiopia and Rwanda signed an aviation agreement that will allow their respective national carriers — Ethiopia Airlines and RwandAir — to operate in the … Continue Reading
Over the past few weeks, there has been a growing movement to promote local production and consumption in Nigeria as a way to address some of the economy’s woes. One of the leading proposals is to amend the domestic Procurement Act along the lines of the US Buy American Act (BAA), the domestic preference law … Continue Reading
As the currency crisis plaguing Sub-Saharan Africa in 2015 continued through the recent holidays, Nigerians have learned that they can have their naira, but they can’t spend it too. Nigerians saw several restrictions on foreign exchange (“forex”) put in place, limiting what they could do with their naira. Triggered by the dive in oil prices … Continue Reading
Early last month, the International Monetary Fund (IMF) caught the attention of investors when it issued a report predicting that Mozambique’s average economic growth rate between 2021-2025 could reach as high as 24 percent per annum and liquefied natural gas projects (LNG) could reach more than 50 percent of the country’s nominal output by the … Continue Reading
New African Development Bank President Akinwumi Adesina chose last week’s World Economic Forum at Davos for the official launch of the Bank’s New Deal on Energy for Africa, along with a Transformative Partnership for Energy in Africa (TPEA). While a candidate for the AfDB president position a year ago, Adesina placed energy at the top … Continue Reading
President Obama, on January 11, suspended the application of duty-free treatment to South Africa’s agricultural exports that come into the U.S under the African Growth and Opportunity Act (AGOA). The suspension will take effect on March 15 if South Africa does not lower tariffs on American poultry products before then. The development represents another twist … Continue Reading
Zimbabwe, in an economic quagmire for nearly two decades, has begun to implement economic reforms that, if continued, could help the nation improve the quality of life for the majority of its citizens. This nascent reform movement also suggests that government leaders have realized that its current singular reliance on China will not solve the … Continue Reading
