Wed, Jun 19, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Alternative Market Briefing

Report claims Obama’s second term as US president is good news for Africa’s growth
Tuesday, January 22, 2013

Precy Dumlao, Opalesque Asia: The re-election of President Barack Obama will bring good news and opportunity for the economies of African nations, according to the Africa in Review & 2013 Outlook report.

The Africa Growth and Opportunity Act or AGOA, will be given a boost after Obama promised to strengthen and expand the current legislation, which is currently set to expire in 2015.

Obama was publicly sworn in for his second term as president of the U.S. on Monday. Chief Justice John Roberts administered the oath under the West Front of the U.S. Capitol building in front of a huge crowd of several hundred thousand flag waving well-wishers.

The report said, "AGOA provides trade benefits for countries in sub-Saharan Africa, such as duty- and quota-free entry of goods to the U.S. Eligibility is decided annually by the U.S. president. Currently 40 African countries are part of AGOA, and total exports to the U.S. from AGOA members were $53.8bn in 2011 and total imports were $20.5bn. Almost half of the U.S.'s imports come from Nigeria, and roughly 80% are minerals and hydrocarbons. There has been a steep increase in the value of African exports to the U.S. in recent years, although this has been driven more by i......................

To view our full article Click here
Article link
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. SWF Institute rankings: total sovereign wealth funds' assets amount to $5,473bn[more]

    Benedicte Gravrand, Opalesque Geneva: - According to the SWF Institute's latest Sovereign Wealth Fund Rankings, the total amount of sovereign wealth funds' asset under management is now $5,473bn, to which oil and gas relate

  2. Mariner’s incubation platform takes on new volatility arbitrage fund[more]

    Benedicte Gravrand, Opalesque Geneva:- Mariner Investment Group, a $10bn alternative asset manager headquartered in New York which launched an

  3. Dechert details four key ways AIFMD will impact on US investment advisers[more]

    Beverly Chandler, Opalesque London: Law firm Dechert has published a note on how the European AIFMD regulations will impact on US investment advisers. The

  4. Permal extends relationship with MSCI[more]

    From Thehedgefundjournal.com: Permal Group, the alternative asset managers with approximately $24 billion assets under management, has extended its relationship with MSCI Inc. by adding the majority of managers from its Jubilee product range (formerly Fauchier Partners) to the funds it analyses thro

  5. Litigation funding is here to stay: Over the last eight years John Walker has developed highly specialised skills in providing funding for and managing insolvency, commercial and multi-party litigation. He is managing director of IMF(Australia), which is the largest litigation funder in Australia.
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. blackstone
  2. Peak 6
  3. One William Street
  4. Securis
  5. Haymarket
  1. managed account
  2. Ucits
  3. ubs
  4. people
  5. Dymon