Obstacles to US Investment in Africa

From The Official Blog of Amb. David H. Shinn Wed Feb 6 2013, 20:34:00

Peter Hansen, a Washington attorney who specializes in African investment law, made a compelling case for expanding U.S. bilateral investment treaties (BITs) and double tax treaties (DTTs) with countries in Sub-Saharan Africa. Published on 4 February 2013 by The Heritage Foundation and titled "Unleashing the U.S. Investor in Africa: A Critique of U.S. Policy Toward the Continent," Hansen pointed out that the United States has only six BITs in Sub-Saharan Africa with Cameroon, the Republic of the Congo, the Democratic Republic of the Congo, Mozambique, Rwanda and Senegal. The United States only has a DTT with South Africa.

By comparison, France has 11 BITs and 26 DTTs with Sub-Saharan Africa, Germany has 26 BITs and even China has 11 BITs. Hansen argues that these governments have significantly reduced the risk for companies from their countries to invest in Africa while the United States has failed to give this program a sufficiently high priority. As a result, American companies are reluctant to invest in important countries such as Nigeria, Ghana, Kenya and Ethiopia.

[view whole blog post ]
 See More    |     Report Abuse


You might also be interested in the following news stories:

Kenya:   Safaricom Fired 56 Corrupt Employees in 2013 - Report (news)
The Star
24 October 2014

Safaricom sacked 56 of its employees for fraud between April last year and March this year over corruption related offences, it said in a report released yesterday. [read more]

Kenya:   First Lady Honoured By the UN (news)
The Star
24 October 2014

First Lady Margaret Kenyatta has won a coveted UN award for her efforts to promote safe delivery and reduce maternal mortality rates. [read more]

Kenya:   Kenya Wants ICC Judges Discussed (news)
The Star
24 October 2014

KENYA has sought the help of the Assembly of States Parties over what she terms gross violation of the Rome Statute by the ICC in the prosecution of the twin Kenyan cases. [read more]



blogAfrica is allAfrica.com's platform to help you keep an ear on the African blogosphere. We draw diverse voices from around the world who post regularly and insightfully about African issues. Bloggers, submit your blog's rss-feed!