Tag Archives: Trump
Trump: Latest News
Staff, 3:53 pm
Recently renewed by U.S. President Barack Obama, the African Growth and Opportunity Act, or AGOA, allows qualifying African countries to export certain products to the U.S. duty free. U.S. exports to Africa, however, are subject to customs duties. Incoming President Donald Trump isn’t going to go for that, says Herman Cohen, a former U.S. ambassador to several African countries. “I have the feeling that he will ask African governments to accept reciprocity in trade relations,” Cohen said.
Staff, 1:01 am
As a Chinese official dangled the possible reward of $40-billion US in desperately needed investments, Nigeria this week hastily ordered the shutdown of a trade office by China’s rival, Taiwan. The Chinese diplomatic offensive has ramped up sharply since last year, when the independence-minded Democratic Progressive Party emerged victorious in Taiwan’s election. Since then, Beijing has lured two more African countries away from Taiwan’s embrace, while also battling to weaken Taiwan’s links to individual African politicians.
Global Risk Insights, 12:13 pm
While the world electrification rate is roughly 84 percent, only 19 percent of the sub-Sahara Africa population is connected. The grid is unlikely to expand fast enough to satisfy demand. Pioneering business models relying on pay-as-you-go could push off-grid solar energy to reach 9 million African households by 2020. Despite the early success of off-grid solar energy access through pay-as-you-go payment models, challenges remain.
Staff, 5:32 pm
Over the last 20 years, Africa’s trade with emerging markets has grown rapidly. A slowdown in global trade could hurt demand for Africa’s export commodities. To counter this, African economies must boost intraregional trade. While unlikely to compensate for a global trade slowdown, this might mitigate some of its more negative effects. Faced with the threat of new disruptions to existing trade patterns, it’s important that African economies start trading more among themselves.
Staff, 6:29 pm
The Trump campaign made no mention of Power Africa in any campaign materials. The sole data point seems to be a 3-year-old tweet complaining that money going to Africa will be stolen, but one tweet from before the campaign doesn’t tell us much about future policy. Power Africa boosts American jobs by creating opportunities for U.S. companies. The Obama administration did bar public support for coal plants, which will likely be reversed by the new White House.
Kurt Davis Jr., 11:34 am AFKI Original
Businessman Trump knows better than anyone that you must have the right friends to survive. Tunisia could be the surprise special relationship. A successful democracy there would boost the fight against terror. Nigeria could go either way with Trump. He wants to help oil in the U.S. This could hurt Nigeria. Political and financial engagement with Egypt, South Sudan, and South Africa will see some rebalancing. Trade that benefits the U.S. is low-hanging fruit for Trump, but how does he view AGOA? He promised to re-evaluate all trade agreements.
Dana Sanchez, 2:47 pm
Trump is tribal. His campaign to make America great became a motto for a return to an America dominated by white Christian men. This appeal to ethnic rather than civic nationalism has a long history in Africa’s failed democratic experiments. Trump doesn’t accept criticism, whether in the media or from human rights groups. Repression of both has a long history in Africa. Trump’s example should alarm those in Africa who advocate for greater government transparency and accountability.
Dana Sanchez, 3:56 pm
Donald Trump’s election could not have been better news for the economic and political ambitions of China. Suddenly, all roads lead to China from Africa, Europe, most of Asia and most of South America. African manufacturers could profit from China’s growing power, but that may have more to do with rising labor costs in China than it has to do with retreating U.S.-Africa trade. Manufacturing salaries are rising fast in China, which is starting to outsource production to other countries. China has become a victim of its own success.
Dana Sanchez, 6:42 pm
U.S. actor Samuel L. Jackson says he isn’t moving to South Africa despite Donald Trump’s presidential victory. Almost a year ago, during a skit on U.S. late night talk show “Jimmy Kimmel Live,” Jackson said if Trump won the election, he was leaving the country. Trump supporters remembered and asked him about it on social media. Model and actress Marla Maples — Trump’s second wife — may be headed to Africa. She’s hoping for a U.N. ambassador gig and has her eye on an assignment somewhere on the continent, according to a gossip page.
Dana Sanchez, 3:59 pm
When it comes to predicting how President Donald Trump will affect U.S-Africa trade relations, opinions are divided. The election will result in few changes for Africa, a Liberian activist said. Obama has demonstrated that “regardless of a person’s race, gender, or socioeconomic position, U.S. presidents always protect U.S. interests.” Others say it will be bad news for Africa. Trump’s opposition to multilateral trade deals – which he says are unfair to the U.S. – could endanger the African Growth and Opportunity Act introduced in the Clinton era.
- Real Estate