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:   Voter Registration Update at 95% Completion (news)
The New Times
17 January 2017

At least 95 per cent of eligible voters have already validated their personal details on the national voters' registrar with the majority using internet and mobile phones through short message ... [read more]

Rwanda:   Former Street Child Makes a Fortune From Horns (news)
The New Times
17 January 2017

For many, cow horns are only fit for the garbage. What with the smell and the somewhat less appealing appearance. But wait a minute! You could be missing out on a life-changing opportunity if you ... [read more]

Rwanda:   Bond Market Records Rwf46.4 Million Turnover (news)
The New Times
17 January 2017

The Rwanda Stock Exchange (RSE) opened the week with Rwf44.7 million worth of bonds changing hands on the bond market, recording over Rwf33.3 million in value. The FXD 3/2016/5-year bond was at 104.1 ... [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!