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:

Rwanda:   German Court Overturns 14-Year Sentence for Former Rwandan Mayor (news)
Deutsche Welle
21 May 2015

An accomplice in the 1994 Rwanda genocide will face life imprisonment in Germany after a court overturned a shorter sentence. The former Rwandan mayor was allegedly actively involved in the Kiziguro ... [read more]

Rwanda:   Over 250,000 Youths Petition Parliament Over Constitutional Amendment (news)
The New Times
22 May 2015

Representatives of over 250,000 youths across the country, yesterday, walked into Parliament with boxes packed with handwritten letters requesting lawmakers to endorse their request for a referendum ... [read more]

Rwanda:   Human Rights Watch Testimony At House Foreign Affairs Subcommittee Hearing On Developments in Rwanda (document)
Human Rights Watch
20 May 2015

Chairman Smith, Ranking Member Bass, members of the Subcommittee: thank you for holding this important hearing on the human rights situation in Rwanda and for inviting me to testify. I am glad to be a ... [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!