Category: Market

Why US Is Suspending Ethiopia, Mali, Guinea From Free-Trade Deal

In response to human rights violations, the United States announced this week that it plans to suspend Ethiopia, Mali and Guinea from duty-free access to American markets as of January 1.U.S. President Joe Biden said in a statement to Congress, release…

Africa Warming More, Faster Than Other World Regions

Authors of a new report on Africa’s climate warn the continent is heating up more and faster than other regions in the world, and they said Africa needs immediate financial and technological assistance to adapt to the warming environment.The African co…

COVID Pandemic Dampens Africa’s Economic Growth

Three years ago, nearly every country in Africa agreed to be part of a continental free trade area intended to lower tariffs and boost economies. But the agreement has yet to be fully implemented because of restrictions stemming from the COVID-19 pand…

Biden Administration Launches Initiative to Build US-Africa Trade

The administration of U.S. President Joe Biden has kicked off the Prosper Africa Build Together initiative by requesting $80 million from Congress to build trade and investment between the U.S. and Africa.Dana Banks, U.S. senior director for Africa at …

Biden Revives Trump’s Africa Business Initiative

The Biden administration on Tuesday announced a new push to expand business ties between U.S. companies and Africa, with a focus on clean energy, health, agribusiness and transportation infrastructure on the continent. U.S. industry executives welcomed…