Tag Archives: USA

United States and Africa: increased engagement regarding trade creating opportunities in the African free trade area

By Virusha Subban, Partner Specialising in Customs and Trade, and Head of the Tax Practice, Baker McKenzie Johannesburg There was more good news for the successful implementation of the African Continental Free Trade Area (AfCFTA) agreement in December 2022, when a Memorandum of Understanding (MoU) was signed between the United States (US) Trade Representative and the […]

The growing US dollar weighs down on African economies

By Pitamber Kaushik As the Federal Reserve, the central bank of the United States, continues to hike its lending rates aggressively in order to rein in persistent inflation, the stress exerted by the bulking US Dollar continues to send ripples throughout the world. Being the predominant medium of international exchange, serving as the world’s principal […]

African Growth and Opportunity Act eligibility requirements under review in three African countries

By Virusha Subban, Partner and Head of Indirect Tax, Baker McKenzie Johannesburg On 2 November 2021, US President Joe Biden announced that three African countries would be terminated from the African Growth and Opportunity Act (AGOA) trade preference program, unless they took urgent action to meet statutory eligibility criteria by 1 January 2022. The three […]

Entrepreneurs need to better understand risk and fail better by failing fast and forward

Are entrepreneurs risk takers at heart or calculated visionaries?  According to serial entrepreneur and Ukheshe Technologies CEO, Clayton Hayward, many entrepreneurs don’t truly understand the nature of risk, which has a direct impact on the success of their business idea. He says that to be a successful entrepreneur you need to be willing to take […]

Remote Medical International Launches RMI Access™ Telemedicine and Case Management For Industrial Environment Across the United States

Remote Medical International (RMI), a global leader in workplace health and safety services for Fortune 100 corporations and government services prime contractors, announced the launch of two new services RMI Access™ Telemedicine and Case Management to address health and safety challenges found in demanding industrial environments. These new services provide direct anytime, anywhere access to […]

African Energy Chamber calls for more US-Africa Energy investments with series about unjustified risk perceptions on Africa

Following President Biden’s Interim National Security Strategic Guidance signalling for continued growth in partnerships with African economies, at the African Energy Chamber (“AEC”), we believe it is vital to engage U.S. companies and investors to counter the often-wrong preconceptions about investing in the continent, as Africa has some of the fastest-growing economies globally and possesses […]

What the U.S. Political Transition Might Mean for Africa Generally and Its Oil and Gas Sector in Particular

2021 could be the beginning of a much needed reset for US relations with Africa and its various countries and regions. To date, most African governments have responded positively to the results of the recent U.S. presidential election, with many African leaders offering their congratulations to Joe Biden. That is no surprise: Donald Trump’s presidency […]

The US approach to Africa under Biden

Along the east coast, north from Durban are huge sugar cane fields. Author: (WT-en) Fluglotse2000 at English Wikivoyage aka. User:Africaspotter Wikipedia.org

By Virusha Subban, Partner specialising in Customs and Trade at Baker McKenzie in Johannesburg The United States (US) President Elect Joe Biden and his new administration are expected to take a multilateral approach to foreign policy, easing tensions and increasing engagement with allies. Trade issues are also expected to be a top priority for the Biden administration and under […]

Will a future Biden Presidency be better than Trump for Africa?

As America is voting for its next President, all African countries are contemplating their future engagement with either incumbent President Donald Trump or an incoming new President Joseph (Joe) Biden. Indeed, whoever gets in the White House this coming November 4th will re-define America’s relationship with Africa. Contrary to his immediate predecessors, over the last […]

Why is America involved in the Mozambique “tuna scandal”?

A view from the ferry to Katembe of the Maputo CBD 2014. 24 May 2014. Author AP1MZ (Wikipedia)

If you do business globally as a multinational company, employee or consultant, you might wish to follow the convoluted U.S. legal case against Lebanese ship salesman Jean Boustani. Boustani was the chief sales executive of a global shipbuilding company, Privinvest, based in the Middle East with operating shipyards in France, Germany and elsewhere. Privinvest has […]

Friday@Noon on Foreign Investment in Africa: 2018

African Business News

by Johan Burger The NTU-SBF Centre for African Studies publishes a weekly newsletter on issues relevant to Africa. This paper is based on issues addressed in the newsletter. Africa has been the recipient of foreign investment form a variety of foreign countries. In addition to the normal investors such as China, Japan, India, etc., we […]

OPIC TO DEDICATE STAFF MEMBER FOR SOUTH AFRICA IN 2013

  Will support implementation of US-Africa Clean Energy Finance Initiative JOHANNESBURG, South Africa – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, will dedicate a senior staff member for South Africa in 2013, aiming to leverage the country’s position as a business hub and strategic U.S. partner into new investment opportunities […]

Equatorial Guinea Calls For Closer U.S. Cultural And Business Ties

  President Obiang highlights importance of American investment in driving Equatorial Guinea’s economic growth. International Leadership Conference unites African leaders with African diaspora. MALABO, Equatorial Guinea, Oct. 17, 2012 /PRNewswire-USNewswire/ — Equatorial Guinean President Obiang Nguema Mbasogo called this week for a strengthening of commercial ties and cultural exchanges with the United States—and particularly with African-Americans—as a […]

US and Morocco Launch New Strategic Partnership to Tackle Economic Development, Democratic Reforms, Terrorism, Syria

  WASHINGTON, Oct. 16, 2012 /PRNewswire-USNewswire/ (MACP) — Morocco and the US have announced a wide range of areas for bilateral cooperation — including ongoing democratic reforms, economic growth and jobs, women’s empowerment and human rights, interfaith tolerance, countering terrorism, and ending the violence in Syria — in their recently launched Morocco-US Strategic Dialogue. This new partnership […]