Africa BriefingAfrica Briefing

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Ghana’s independent power producers reject government proposal, threatening potential shutdown

    May 27, 2023

    Nigeria launches national carrier, Nigeria Air, to boost aviation sector and economic growth

    May 27, 2023

    Brazil to play anti-racism friendlies against African nations in support of Vinicius Jr

    May 27, 2023
    Facebook Twitter Instagram
    • Home
    • About Us
      • Profile
      • The Team
      • Advertise
      • Media Kit
    • Contact Us
    • Regions
      • Ghana
      • Nigeria
      • Kenya
      • South Africa
      • Europe
      • United Kingdom
      • USA (North America)
    Trending
    • Ghana’s independent power producers reject government proposal, threatening potential shutdown
    • Nigeria launches national carrier, Nigeria Air, to boost aviation sector and economic growth
    • Brazil to play anti-racism friendlies against African nations in support of Vinicius Jr
    • Mitsumi Distribution to Showcase Cutting-Edge Technology at GITEX Africa 2023
    • African Youth Survey reveals limited awareness of AfCFTA, but strong support for African economic cooperation
    • Malawian president urges global investors to tap into country’s agriculture, tourism, and mining sectors
    • Africa’s lithium projects set to propel the continent as a global hub
    • Tanzania to invest trillions in development projects, prioritising highways, railways, and ports
    0 Shopping Cart
    Facebook Twitter YouTube LinkedIn
    Africa BriefingAfrica Briefing
    Resources
    Support Us
    • News
    • Politics
    • Business
    • Energy
    • Technology
    • CryptoTech
      • Crypto News
      • Startups & Companies
      • Crypto Currencies
      • DeFi
      • Metaverse
      • NFTs
    • More
      • Videos
      • Opinion
    • Magazine
    Africa BriefingAfrica Briefing
    Home » Op-Ed: Five ways Pompeo could revive Trump’s Africa strategy
    Featured

    Op-Ed: Five ways Pompeo could revive Trump’s Africa strategy

    Editorial StaffBy Editorial StaffFebruary 15, 2020No Comments0 Views
    Facebook Twitter WhatsApp Telegram
    Share
    Facebook Twitter Telegram WhatsApp

    PRESIDENT Trump made history in 2018 with his Africa Strategy, but many observers have grown impatient because they expected more vigorous action and policies to match the administration’s words and actually advance U.S.-Africa relations, writes Landry Signé*

    Trump’s Africa Strategy was aimed at promoting prosperity, security and stability in relations, and the business-friendly Prosper Africa launched on June 19, 2019, aims to substantially increase two-way trade and investment between the United States and Africa.

    As Secretary of State Mike Pompeo prepares for his first Africa visit on Feb. 15, with stops in Senegal, Angola and Ethiopia (including at the African Union), he has a unique opportunity to revive Trump’s Africa Strategy by focusing on these key topics, as considered by U.S. and African partners:

    1. Assure his African counterparts that the U.S. will prioritize Africa during the G7 Summit again. In 2018, and for the first time since 2001, Africa’s usual focus during the G7 was replaced by other topics. The Brookings Institution report, Foresight Africa 2020-2030, outlines some of the critical issues for the continent that represent both a tremendous opportunity for the world and potential risks for global stability and prosperity if ignored by global partners.
    1. Vigorously support the African Continental Free Trade Area (AfCFTA) and a partnership with the African Union. If successfully implemented, the AfCFTA will contribute to the United States’s prosperity by offering unique opportunities for expansion of businesses and contributing to job creation in the United States, while also advancing Africa’s prosperity. The AfCFTA creates a vast market for U.S. goods and services and could harmonize policy and regulatory regimes, meaning that the same rules will be implemented at the continental level, to reduce the cost of transactions. Unsurprisingly, most U.S. corporations and trade actors doing business with Africa have shown strong interest in the successful implementation of the AfCFTA. They see opportunities for business in Africa. Any insistence towards bilateral free trade agreements with AfCFTA member states would worsen incidences of trade deflection and undermine the AfCFTA in trading and industrialization. More broadly, it would undermine regional and continental integration initiatives in Africa.
    1. Focus on how the Fourth Industrial Revolution can contribute to mutual U.S.-Africa prosperity. The Fourth Industrial Revolution (4IR) and digitization could transform Africa into a global powerhouse, and as the leader in education, technology, innovation, governance and cybersecurity, the U.S. can play a unique role in developing partnerships for digital integration to accelerate business and the future of work. Core African challenges — which also represent unique opportunities for the U.S. and African businesses and institutions — include the imperative of fixing the labour-skills mismatch; enhancing agile governance for secure, effective management of the 4IR and integration into global value chains; and building a conducive business environment and institutional capacity for innovation. There’s also a need for physical and digital infrastructure that will remove barriers to innovation and technological progress such as a lack of electricity, internet density and broadband penetration.
    1. Re-establish the U.S.-Africa Business Forum, co-hosted with the U.S. government, or a similar U.S.-Africa trade and investment forum with high-level engagements. It is estimated that by 2030, Africa will have 1.7 billion people and combined consumer and business spending of $6.7 trillion. This presents tremendous opportunities for growth for both U.S. and African corporations. Since making the largest deals often requires engagement at the highest levels among top private and public leaders, re-establishing the US-Africa Business Forum could substantially contribute to job creation in the U.S. and Africa.
    1. Play a more effective role in addressing Africa’s security and fragility challenges. Africa will represent 40 percent of the global workforce by the end of the century. In order to be effective, the U.S. should innovate with a decentralised approach focusing on cities and local governing institutions, as well as more vigorously on private-sector development and bridging the implementation gap. According to the Organisation for Economic Co-operation and Development (OECD), in 2018, 1.8 billion people, or 24 percent of the global population, live in fragile contexts and by 2030, that number is expected to total 2.3 billion (3.3 billion by 2050). Most of the fragile states in the world are located in Africa, so working to end insecurity and fragility would be critical for sustained peace and development.

    Pompeo will discuss matters of bilateral interests between Senegal, Angola and Ethiopia and the United States, but the only real way to advance the Trump administration’s Africa Strategy — or, more broadly, U.S.-Africa relations for mutual prosperity — would be to engage with issues of continental interests as well, and beyond words and commitments, take action.

    *Landry Signé is a professor and founding co-director of the Fourth Industrial Revolution and Globalization 4.0 Initiative at Thunderbird School of Global Management, a senior fellow at the Brookings Institution’s Global Economy and Development Programme,  distinguished fellow at Stanford University’s Center for African Studies, and World Economic Forum Young Global Leader. He is the author of several books, including the forthcoming “Unlocking Africa’s Business Potential.”  

    Share. Facebook Twitter Telegram WhatsApp

    Related Posts

    60 years of African unity: strong call for ‘borderless Africa’

    May 25, 2023

    Fugitive genocide suspect Fulgence Kayishema arrested in South Africa after decades on the run

    May 25, 2023

    Senegal’s public prosecutor seeks 10-year jail term for opposition leader in rape trial

    May 24, 2023
    Add A Comment

    Comments are closed.

    Top Posts

    Sex tourism: The Gambia is fed up with UK grandmothers hunting for toy boys

    September 19, 20223,693

    Op-Ed: Qatar World Cup 2022 – prejudice, coordinated attacks and Western grandstanding

    November 4, 20222,445

    Ghanaian architect of UK’s Black History Month honoured by prestigious British university

    December 12, 20221,466

    Nigerian appointed director of UN disarmament

    October 25, 20221,144
    Don't Miss
    Energy

    Ghana’s independent power producers reject government proposal, threatening potential shutdown

    By Editorial StaffMay 27, 2023230

    GHANA’S independent power producers (IPPs) have firmly rejected a government proposal to restructure the $1.58bn…

    Nigeria launches national carrier, Nigeria Air, to boost aviation sector and economic growth

    May 27, 2023

    Brazil to play anti-racism friendlies against African nations in support of Vinicius Jr

    May 27, 2023

    Mitsumi Distribution to Showcase Cutting-Edge Technology at GITEX Africa 2023

    May 26, 2023
    Stay In Touch
    • Facebook
    • Twitter
    • YouTube
    • LinkedIn
    About Us
    About Us

    AfricaBriefing is a monthly magazine designed to provide news and information on Africa to Africans at home and abroad, and the wider global audience that has a committed interest in the continent’s political, economic and social developments.

    Facebook Twitter YouTube LinkedIn
    Our Picks

    Ghana’s independent power producers reject government proposal, threatening potential shutdown

    May 27, 2023

    Nigeria launches national carrier, Nigeria Air, to boost aviation sector and economic growth

    May 27, 2023

    Brazil to play anti-racism friendlies against African nations in support of Vinicius Jr

    May 27, 2023
    Most Popular

    Sex tourism: The Gambia is fed up with UK grandmothers hunting for toy boys

    September 19, 20223,693

    Op-Ed: Qatar World Cup 2022 – prejudice, coordinated attacks and Western grandstanding

    November 4, 20222,445

    Ghanaian architect of UK’s Black History Month honoured by prestigious British university

    December 12, 20221,466
    © 2023 AfricaBriefing. Designed by KMG.

    Type above and press Enter to search. Press Esc to cancel.

    Privacy Policy & Cookie Management
    We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies. Read more: Read More
    Do not sell my personal information.
    Cookie SettingsAccept
    Manage consent

    Privacy Overview

    This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
    Necessary
    Always Enabled
    Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
    CookieDurationDescription
    cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
    cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
    cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
    cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
    cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
    viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
    Functional
    Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
    Performance
    Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
    Analytics
    Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
    Advertisement
    Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
    Others
    Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
    SAVE & ACCEPT