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:

Afrique:   Classement FIFA - L'Algérie toujours en tête en Afrique (news)
Africa Top Sports
18 December 2014

La FIFA (Fédération internationale de football association) a dévoilé jeudi son dernier classement mondial de l'année 2014. [read more]

Rwanda:   Une nouvelle disparition d'opposant signalée dans le pays (news)
Radio France Internationale
19 December 2014

L'opposant Bernard Ntaganda, président de l'aile non enregistrée du PS-Imberakuri, dénonce la disparition depuis le 9 décembre de l'un des responsables locaux de son parti. ... [read more]

Rwanda:   Le général rwandais Kazura cité dans un rapport de l'ONU de 2001 (news)
Radio France Internationale
19 December 2014

Le général Jean Bosco Kazura avait été cité par le groupe d'experts des Nations unies dans son rapport d'avril 2001. Cet officier supérieur rwandais 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!