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:   Police, Tigo Sign MoU On Crime Detection (news)
The New Times
9 December 2016

Rwanda National Police (RNP) and Tigo-Rwanda, a mobile telecom company, have signed an agreement establishing joint mechanisms on crime detection and prevention, including fighting corruption. The ... [read more]

Rwanda:   Calls Grow for More Efforts to Develop Women Football (news)
The New Times
9 December 2016

AS Kigali Women FC coach Grace Ninyawumuntu has urged the local football governing body (FERWAFA) to lay down more strategies to develop the women's league in a bid to uplift women football in the ... [read more]

Rwanda:   RRA New System to Curb Tax Evasion (news)
The New Times
9 December 2016

Rwanda Revenue Authority (RRA) has stepped up efforts to curb tax evasion that has recently been common, especially among traders using electronic billing machines (EBMs). In September, RRA found 25 ... [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!