Browsing: US Africa Business Center

The US is pushing for friend-shoring pacts with Asia and Africa looking for more commitment in deal.

Ahead of the US-Africa Summit in December, the Russia-Africa Summit next year and as new geopolitical alliances form, Africa is under great pressure to take sides.

China is increasingly becoming a strong economic powerhouse while Russia is making its own stand. The West finds itself reliving history, scrambling for portions of Africa.

This summer was most fulfilling for me, not because the Earth’s revolution had finally brought the sun to shine on my part of the World, I live in Tanzania, East Africa, its spring and summer all year around.

  • Africa is under increasing pressure to take sides in new global alliances
  • Africa wants an economic proposal in the upcoming US-Africa Summit
  • 2022 witnessed the highest number of diplomats & presidents visiting Africa

No, it was not the weather, the reason my summer was most memorable is that my daughter came to visit from the US. We had excellent family …

The US is pushing for friend-shoring pacts with Asia and Africa looking for more commitment in deal.

Pundits advise that the US is better off supporting the African Union’s Agenda 2063 even though the US strategy is exclusive for Sub-Saharan Africa. However, that part of Africa is still accounted for in the continent-wide Agenda 2063. It would bode well for all parties concerned if US support to Sub Sahara Africa served to help the region better place itself in the overall African vision.

There is the matter of friend-shoring as well, Africa feels the US gave Asia a much better deal, more explicit, more concrete, specific and committed than it ever did with the motherland. How will it play out? Will the US-China trade war help Africa secure a better deal from China than the US?

Even though the strategy does mention a willingness to facilitate ‘new geographic groupings’, it is not specific as to what these new alliances are and what they will mean in terms …

President Uhuru Kenyatta has asked US investors to make Kenya their investment destination of choice in Africa, in the latest of his charm offensives in foreign markts.

The President has said his administration’s Big 4 Agenda, particularly the manufacturing component where the government’s plan is to lift the sector’s contribution to the economy from the current 8.4 per cent of GDP to 15 per cent by 2022, offers limitless investment opportunities for US companies.

READ ALSO:How Kenya plans to accelerate Big 4 Agenda

“The sector (manufacturing) presents major opportunities for local and foreign investors in areas such as agro-processing through value addition in key value chains such as textiles and leather, the maritime sector, construction, iron and steel, oil and gas,” the President said. 

President Kenyatta who spoke at a private sector forum hosted by the American Chamber of Commerce and attended by tens of top executives from leading