Wed, May 4, 2016
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. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n