Browsing: Biden

• As President-elect Donald Trump, a man who once referred to Africa as ‘shithole countries,’ assumes office, the question remains: Can the U.S. move beyond gestures and deliver on its promises to Africa?
• Under Democratic leadership, U.S. policy toward Africa has typically focused on programs aimed at long-term development, governance, and economic opportunities.
• So far, however, decisively countering China’s growing economic presence in Africa has remained elusive, whether under Trump, Biden, or even Obama, a man who has Kenyan roots.

Africa has long been a continent of paradoxes for U.S. foreign policy, celebrated for its potential but too often neglected when it comes to sustained engagement. President-Elect Donald Trump’s first presidency brought this ambivalence to a head, marked by his infamous dismissal of African nations as “shithole countries.” Now, with Joe Biden having finally visited Angola at the tail-end of his term, many are left wondering whether U.S.-Africa relations are being …

• US$55 billion to be invested in Africa over the next three years along with several new partnerships and initiatives.
• The U.S.-Africa Business Forum was held and attended by 300 executives from American and African companies.
• For African youth development, the US announced more than $100 million in funding for the Young African Leaders Initiative (YALI).

This year’s U.S. Africa Leaders Summit (13-15 Dec) in Washington has been defined not by the African guest’s colourful dress code, but by the billions that were pledged in aid, grants and support.

To the welcome of the flamboyant African leaders and businessmen, US officials and corporate chiefs announced US$55 billion to be invested in Africa over the next three years along with several new partnerships and initiatives.

The sum is significant, but going with President Joe Biden’s statement, this is just the beginning. “There’s so much more we can do together and that we …

The EABC noted that foreign direct investments from the US. to Tanzania stood at US$1.5 billion in 2019, a 5.2 per cent increase from 2018. Tanzania is followed by Kenya – which received US$353 million in the same year – followed by Uganda US$42 million, Rwanda (US$11 million) and Burundi, which managed to attract US$1 million in the same year (2019).

Tanzania has managed to secure the US. as a development partner and as a viable investment in potential sectors such as mining and agriculture. President Samia has worked to give the investment landscape 180 shifts, particularly enhancing the domestic and international confidence in Tanzania’s business climate.

Over the past years, agricultural produce, minerals and textiles have covered most of the goods exported to the US. However, there are other avenues of potential investment in Tanzania, especially in oil and gas, real estate, manufacturing and telecommunications.…