South Africa and US Revive Trade Agreemen

S.A's Trade, Industry and Competition minister, Parks Tau says South Africa and the US have agreed to the revival of the bilateral Trade and Investment Framework Agreement. This will be in addition to the African Growth and Opportunity Act, which is due to expire next year. Tau says he is confident that South Africa does not stand the risk of being excluded from AGOA, which exempts certain African countries from […]

July 31, 2024 18

Africa

Biden Administration supports AGOA re-authorisation

The Biden administration is supporting the early extension of the African Growth and Opportunity Act, allowing over 30 sub-Saharan African countries to maintain duty-free access to the U.S. market. Joy Basu, the Deputy Assistant Secretary of State in the Bureau of African Affairs, confirmed this during a press briefing, saying the United States supports an early re-authorization before AGOA expires in September 2025. Since its enactment in 2000, the […]

July 30, 2024 28

Africa

AGOA-AfCFTA to offer a trade highway to the US until 2041

By Seth Onyango, bird story agency Forty African nations could have duty-free access to U.S. markets until 2041, as Congress considers a bipartisan bill extending the African Growth and Opportunity Act (AGOA). Senators Chris Coons (D-Delaware) and James Risch (R-Idaho) tabled a revised AGOA Renewal and Improvement Act of 2024 in Congress, which now explicitly integrates it with the African Continental Free Trade Agreement (AfCFTA). This alignment […]

April 15, 2024 39

Namibia

United States has reached an agreement to extend the African Growth and Opportunities Act

The United States has reached an agreement to extend the African Growth and Opportunities Act for an additional 10 years. AGOA provides duty-free access to the American market for over 30 African countries. The current AGOA agreement is set to expire in September 2025, and the extension is contingent on approval from the U.S. Congress. We sought the opinion of Cirrus Capital economist Robert McGregor for his insights on this […]

January 16, 2024 13

Africa

Uganda sends delegation to mend trade ties with the U.S.

Uganda has sent a government delegation to the US to try and salvage trade relations between the two nations. Isabel Nakirya reports that the US has threatened to end trade ties with Uganda after the country enacted an anti-gay law in May this year.

December 13, 2023 26

Business / Economics

An Opportunity to Deepen Trade and Investment between the United States and Namibia

By US Ambassador, Randy Berry “The United States is all in on Africa.” President Biden affirmed during the U.S.-Africa Leaders Summit last December. The future is Africa. On example is its youthful population: The median age on the continent is nineteen. By 2050, one in four people in the world will be in Africa. The United States wants them to be healthy and wealthy. What happens in Africa will affect […]

November 1, 2023 8

AGOA