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:   La police multiplie les opérations contre de présumés jihadistes (news)
Radio France Internationale
26 August 2016

La semaine dernière, trois musulmans rwandais accusés par la police de mener une campagne de recrutement de jihadistes ont été abattus par les forces de l'ordre à ... [read more]

Ghana:   Nii Lante Orders Grant to Use Home-Based Players for Rwanda Clash (news)
Ghana Star
25 August 2016

Sports Minister Nii Lante Vanderpuye has taken charge of selection of players into the Black Stars by ordering coach Avram Grant to review his squad for next week's clash against Rwanda. According to ... [read more]

Rwanda:   Mashami Appointed Amavubi Interim Assistant Coach (news)
The New Times
25 August 2016

Former Amavubi assistant head coach Vincent Mashami has been re-appointed into the same role to work under newly appointed interim head coach Jimmy Mulisa. Mashami, who is currently the head coach of ... [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!