Mon, Aug 21, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
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

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. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  2. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  3. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc

  4. Investing - Buffett's Berkshire Hathaway will not increase its Oncor offer, Travel-tilting hedge funds are investing in airlines and online travel agencies[more]

    Buffett's Berkshire Hathaway will not increase its Oncor offer From Reuters.com: The energy unit of Warren Buffett's Berkshire Hathaway Inc said on Wednesday it will "stand firm" on its $9 billion offer to acquire 80 percent of Oncor Electric Delivery Company LLC and will not increase it

  5. Investing - David Tepper sells airline stocks, except Delta[more]

    From Forbes.com: Head of successful hedge fund Appaloosa Management, David Tepper shied away from airlines in the second quarter after upping his bets in the first three months of the year, according to his portfolio filing released this week. Tepper sold all of his position in United Continen