Podcasts about african growth

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Best podcasts about african growth

Latest podcast episodes about african growth

The Trade Guys
Tariffs on Furniture, Pharma, and Films, China at the WTO, and AGOA Expiration

The Trade Guys

Play Episode Listen Later Oct 6, 2025 30:44


On this episode of the Trade Guys, we look at a slew of recent tariff announcements, including on furniture, pharmaceuticals, and foreign movies. We also cover China's relinquishing of “special and differential” WTO treatment and the expiration of the African Growth and Opportunity Act (AGOA).

The Money Show
SA car sales surge on affordability; AGOA expiry looms with major trade implications

The Money Show

Play Episode Listen Later Oct 2, 2025 79:51 Transcription Available


Ray White speaks to Billy Tom, president of Naamsa, about how domestic new vehicle sales are set to surpass pre-pandemic levels for the first time in five years, driven by strong consumer demand for affordable models—especially from Chinese and Indian brands—amid lower interest rates and improving economic conditions. In other interviews, Shane Naidoo, head of treasury and trade management at Nedbank, talks about the potential expiry of the African Growth and Opportunity Act (AGOA) and the ripple effects it could have on South Africa’s economy, exports and global trade ties. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

First Take SA
25 year AGOA expiration leaves over 30 Sub-Saharan African countries in limbo

First Take SA

Play Episode Listen Later Oct 1, 2025 7:27


The 25-year-old African Growth and Opportunity Act, Agoa, expired yesterday, leaving more than 30 Sub-Saharan African countries in limbo. This landmark trade agreement granted duty-free access to the US market for thousands of African products, supporting hundreds of thousands of jobs across the continent. The Trump administration has expressed support for a one-year extension of Agoa, but uncertainty looms as Congressional approval hangs in the balance. President Trump's tariff-heavy trade policies have already impacted Agoa's benefits, with some African exports facing US import taxes between 10% and 30%. Dr. Mmatlou Kalaba, Senior Researcher at the Bureau for Food and Agricultural Policy spoke to Elvis Presslin to elaborate on the impact of AGOA's expiration

World Business Report
US government shutdown

World Business Report

Play Episode Listen Later Sep 30, 2025 26:24


Funding for the US government will be cut off at the end of Tuesday unless President Donald Trump's Republican Party can agree with opposition Democrats on a way forward with a spending bill. Gideon Long hears from Democrats and Republicans, as well as US workers. And, in Africa, a trade deal that's been the cornerstone of US-African economic relations for 25 years is set to expire. It's called the African Growth and Opportunity Act – AGOA for short. Plus, Afghanistan businesspeople are appealing to the Taliban after a total internet shutdown in the country. (File photo: A member of staff sits on steps close to the US Capitol, Washington, DC, USA, 30 September 2025. Photo by WILL OLIVER/EPA/Shutterstock)

World Business Report
What will a US shutdown mean for its workers?

World Business Report

Play Episode Listen Later Sep 30, 2025 8:57


The US government is hours away from shutting down unless a funding deal is struck. Who will feel the impact first? We hear from the people whose jobs and livelihoods are on the line.In Africa, thousands of jobs are at risk as the US decides whether to renew the African Growth and Opportunity Act, a key trade pact between the countries. Presenters: Leanna Byrne and Hannah Bewley Producers: Victoriya Holland and Niamh McDermott Editor: Shea Conduct

Afternoon Drive with John Maytham
Hopes that AGOA may be renewed

Afternoon Drive with John Maytham

Play Episode Listen Later Sep 29, 2025 9:49 Transcription Available


Amy MacIver speaks to Trudi Hartzenberg, executive director of the Trade Law Centre, about the possibility that the African Growth and Opportunity Act may be extended. Presenter John Maytham is an actor and author-turned-talk radio veteran and seasoned journalist. His show serves a round-up of local and international news coupled with the latest in business, sport, traffic and weather. The host’s eclectic interests mean the program often surprises the audience with intriguing book reviews and inspiring interviews profiling artists. A daily highlight is Rapid Fire, just after 5:30pm. CapeTalk fans call in, to stump the presenter with their general knowledge questions. Another firm favourite is the humorous Thursday crossing with award-winning journalist Rebecca Davis, called “Plan B”. Thank you for listening to a podcast from Afternoon Drive with John Maytham Listen live on Primedia+ weekdays from 15:00 and 18:00 (SA Time) to Afternoon Drive with John Maytham broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/BSFy4Cn or find all the catch-up podcasts here https://buff.ly/n8nWt4x Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media: CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Breakfast with Refilwe Moloto
G20 correspondence desk with RMB & FNB

Breakfast with Refilwe Moloto

Play Episode Listen Later Sep 26, 2025 5:14 Transcription Available


In this edition of the G20 Correspondence Desk, brought to you by RMB and FNB, Lester Kiewit and Nokukhanya Mntambo of EWN take a look at the looming deadline of the African Growth and Opportunity Act (AGOA), as it may expire without renewal; President Cyril Ramaphosa’s engagement with US business leaders on the sidelines of the UN General Assembly; the hosting by G20 of a seminar on South Africa’s Legacy Initiative to Accelerate Cross-Border Infrastructure in Africa. Good Morning Cape Town with Lester Kiewit is a podcast of the CapeTalk breakfast show. This programme is your authentic Cape Town wake-up call. Good Morning Cape Town with Lester Kiewit is informative, enlightening and accessible. The team’s ability to spot & share relevant and unusual stories make the programme inclusive and thought-provoking. Don’t miss the popular World View feature at 7:45am daily. Listen out for #LesterInYourLounge which is an outside broadcast – from the home of a listener in a different part of Cape Town - on the first Wednesday of every month. This show introduces you to interesting Capetonians as well as their favourite communities, habits, local personalities and neighbourhood news. Thank you for listening to a podcast from Good Morning Cape Town with Lester Kiewit. Listen live on Primedia+ weekdays between 06:00 and 09:00 (SA Time) to Good Morning CapeTalk with Lester Kiewit broadcast on CapeTalk https://buff.ly/NnFM3Nk For more from the show go to https://buff.ly/xGkqLbT or find all the catch-up podcasts here https://buff.ly/f9Eeb7i Subscribe to the CapeTalk Daily and Weekly Newsletters https://buff.ly/sbvVZD5 Follow us on social media CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/CapeTalk CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567See omnystudio.com/listener for privacy information.

The Money Show
SA's AGOA battle and Taiwan lifts chip export ban after brief diplomatic tussle

The Money Show

Play Episode Listen Later Sep 25, 2025 78:44 Transcription Available


Stephen Grootes speaks to Dr Azar Jammine, Director and Chief Economist at Econometrix, and Donald MacKay, Director at XA International Trade Advisors, about South Africa’s fight to remain part of the African Growth and Opportunity Act (AGOA), the trade pact that gives local exporters duty-free access to the US. With billions in exports and thousands of jobs on the line, they unpack the risks, the politics, and whether the government's assurance that “we haven’t given up on AGOA” is enough to secure the country’s place. In other interviews, Dr Kingsley Makhubela, Risk Analyst and Former Diplomat, talks about Taiwan’s decision to suspend curbs on chip exports to South Africa after just two days, what triggered the move, and the diplomatic and trade implications for Pretoria. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape. Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa Follow us on social media 702 on Facebook: https://www.facebook.com/TalkRadio702702 on TikTok: https://www.tiktok.com/@talkradio702702 on Instagram: https://www.instagram.com/talkradio702/702 on X: https://x.com/CapeTalk702 on YouTube: https://www.youtube.com/@radio702 CapeTalk on Facebook: https://www.facebook.com/CapeTalkCapeTalk on TikTok: https://www.tiktok.com/@capetalkCapeTalk on Instagram: https://www.instagram.com/CapeTalk on X: https://x.com/Radio702CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

The Best of the Money Show
SA's fight and fate in AGOA

The Best of the Money Show

Play Episode Listen Later Sep 25, 2025 7:54 Transcription Available


Stephen Grootes speaks to Dr Azar Jammine, Director and Chief Economist at Econometrix, and Donald MacKay, Director at XA International Trade Advisors, about South Africa’s fight to remain part of the African Growth and Opportunity Act (AGOA), the trade pact that gives local exporters duty-free access to the US. With billions in exports and thousands of jobs on the line, they unpack the risks, the politics, and whether the government's assurance that “we haven’t given up on AGOA” is enough to secure the country’s place. The Money Show is a podcast hosted by well-known journalist and radio presenter, Stephen Grootes. He explores the latest economic trends, business developments, investment opportunities, and personal finance strategies. Each episode features engaging conversations with top newsmakers, industry experts, financial advisors, entrepreneurs, and politicians, offering you thought-provoking insights to navigate the ever-changing financial landscape.    Thank you for listening to a podcast from The Money Show Listen live Primedia+ weekdays from 18:00 and 20:00 (SA Time) to The Money Show with Stephen Grootes broadcast on 702 https://buff.ly/gk3y0Kj and CapeTalk https://buff.ly/NnFM3Nk For more from the show, go to https://buff.ly/7QpH0jY or find all the catch-up podcasts here https://buff.ly/PlhvUVe Subscribe to The Money Show Daily Newsletter and the Weekly Business Wrap here https://buff.ly/v5mfetc The Money Show is brought to you by Absa     Follow us on social media   702 on Facebook: https://www.facebook.com/TalkRadio702 702 on TikTok: https://www.tiktok.com/@talkradio702 702 on Instagram: https://www.instagram.com/talkradio702/ 702 on X: https://x.com/CapeTalk 702 on YouTube: https://www.youtube.com/@radio702   CapeTalk on Facebook: https://www.facebook.com/CapeTalk CapeTalk on TikTok: https://www.tiktok.com/@capetalk CapeTalk on Instagram: https://www.instagram.com/ CapeTalk on X: https://x.com/Radio702 CapeTalk on YouTube: https://www.youtube.com/@CapeTalk567 See omnystudio.com/listener for privacy information.

Update@Noon
Trade and Industry Minister says SA has always been compliant with and committed to efforts to enhance trade relations with the US

Update@Noon

Play Episode Listen Later Aug 4, 2025 11:17


International Relations minister, Ronald Lamola says South Africa will continue to engage with the United States despite the current difficulties and uncertainties they've encountered. He says South Africa relations with the United States remain important.He says various sectors have historically benefited from duty-free access to the US market under the African Growth and Opportunity Act (AGOA), which now faces disruption with the 30 percent tariff imposed on South Africa. He was speaking earlier at a joint media briefing in Pretoria, with the department of trade and industry. Sakina Kamwendo spoke to independent economist and associate of the Trade Law Centre (Tralac), Eckart Naumann

Growing Harvest Ag Network
Morning Ag News, July 23, 2025: Work continues to improve trade relationships overseas

Growing Harvest Ag Network

Play Episode Listen Later Jul 23, 2025 3:05


The U.S. Trade Representative is reviewing the African Growth and Opportunity Act which provides favorable access to the U.S. market for products from 30 African nations. Source: USMEFSee omnystudio.com/listener for privacy information.

Adams on Agriculture
AOA tUESDAY 7-22-2025

Adams on Agriculture

Play Episode Listen Later Jul 22, 2025 41:39


On Tuesday's AOA, we start the show discussing USDA's approach to combating New World Screwworm with Dr. Russ Daly, South Dakota State University Extension Veterinarian. In Segment Two, we have a conversation with Senator Tammy Baldwin (D-WI). Following that in Segment Three, we take a look at the latest market trends and more with Naomi Blohm, Senior Market Advisor at Total Farm Marketing. Then we close the show with ag news headlines in Segment Four including an update on the U.S. Trade Representative reviewing the African Growth and Opportunity Act which provides favorable access to the U.S. market for products from 30 African nations.

african usda aoa trade representative opportunity act segment three african growth naomi blohm senior market advisor total farm marketing in segment two
WTAQ Ag on Demand
USMEF Urges USTR to Review Access Issues in Africa, Caribbean

WTAQ Ag on Demand

Play Episode Listen Later Jul 21, 2025 2:03


From U.S. Meat Export Council The Office of the U.S. Trade Representative (USTR) is currently conducting its annual review of the African Growth and Opportunity Act (AGOA), which provides favorable access to the U.S. market for products from some 30 African nations. Those nations are supposed to also open their markets to U.S. products, but as the U.S. Meat Export Federation (USMEF) explained in comments filed with USTR, some of those nations, South Africa and Nigeria in particular, maintain significant trade obstacles for U.S. red meat. USMEF President and CEO Dan Halstrom explains some of the concerns expressed to USTR for the review. A public hearing on AGOA was held by USTR earlier today. The Act is set to expire Sept. 30 unless Congress takes action to renew the program. Halstrom also discusses a similar trade preferences program for the Caribbean, which is also under review by USTR. USMEF filed comments regarding access under the Caribbean Basin Initiative (CBI), urging USTR to consider market access barriers when evaluating whether to recommend any country as a CBI beneficiary. Of particular interest is Jamaica’s longstanding ban on U.S. pork and high tariffs on imported beef and pork. USTR will submit a report to Congress on the CBI by the end of this year.See omnystudio.com/listener for privacy information.

Em directo da redacção
Cimeira EUA–África: Angola na rota dos investimentos

Em directo da redacção

Play Episode Listen Later Jun 23, 2025 7:58


Segundo dia da 17ª cimeira de negócios Estados Unidos–África, com mais de 1.500 participantes, incluindo chefes de Estado, governantes e empresários, em Luanda, com o objectivo de reforçar parcerias económicas e investimentos estratégicos. Osvaldo Mboco, especialista em Relações Internacionais ligado à Universidade Técnica de Angola, acredita que “Angola pode atrair investidores e capitalizar este momento para estar na montra internacional”. Angola acolhe, pela primeira vez, a 17.ª Cimeira de Negócios Estados Unidos–África. O que representa a organização deste evento e quais são as vantagens para o país? Angola pode capitalizar muita coisa, mas dependerá, em grande medida, da organização do Estado angolano, das estratégias que o país pode utilizar para atrair investidores e também de capitalizar este momento para estar na montra internacional, como o país que está a organizar esta cimeira e estar, de facto, nos grandes meios internacionais. Esta cimeira tem como foco o Corredor do Lobito – infra-estrutura ferroviária estratégica para o escoamento de minerais críticos, ligando Angola à República Democrática do Congo, Zâmbia e Tanzânia –, com forte investimento norte-americano. Quais serão os investimentos anunciados para este projecto? O que se pode esperar é que novos investidores olhem para o Corredor do Lobito como um projecto ambicioso, não olhando simplesmente para o investimento a ser feito no próprio Corredor do Lobito, mas para outro tipo de investimentos. Ou seja, aqui podemos falar de plataformas logísticas, indústrias transformadoras… Construção de infra-estruturas? Claramente. Há aqui uma série de investimentos que podem seguir aquilo que é o Corredor do Lobito. Então, Angola pode também atrair esses investidores para outros sectores ao longo do Corredor do Lobito. Angola tem saída para o mar e alguns países encravados – como a Zâmbia ou a República Democrática do Congo, onde a saída para o mar é basicamente inexistente – podem usar esta porta de entrada e de saída de mercadorias. Há ainda a questão petrolífera… Sem sombra de dúvida. Angola é um dos maiores produtores de petróleo, ao nível do continente africano, e através do Corredor do Lobito pode servir de canal de saída do crude para os mercados internacionais, para os países que possam refinar. Temos uma posição geográfica privilegiada, mas tudo vai depender da organização do próprio Estado angolano. Recentemente, numa entrevista, disse que os países africanos têm aproveitado mal as oportunidades do AGOA – o African Growth and Opportunity Act. Como é que os países podem, de facto, aproveitar melhor esta oportunidade, numa altura em que os Estados Unidos estão a reduzir as despesas com o continente africano? O AGOA foi prorrogado até ao ano de 2025, penso que até Setembro deste ano. Provavelmente, o Presidente Donald Trump poderá prorrogar o acordo. Como é que os países africanos podem  aproveitar melhor os acordos do AGOA? O mercado americano é um dos maiores mercados a nível mundial, mas nós não conseguimos exportar quase nada, dentro do âmbito desta lei de investimento e oportunidades nos Estados Unidos. O que devemos fazer, enquanto países elegíveis no âmbito do AGOA, é estudar a pauta aduaneira americana e os critérios e padrões de produção que são aceites para os produtos nos Estados Unidos, para deixarmos de exportar simplesmente matérias-primas e passarmos também a exportar produtos acabados. Recordo que, actualmente, a China está a isentar os países africanos para que possam exportar para o seu país com uma isenção de aproximadamente 98% das tarifas aduaneiras. Então, perante esta corrida, esta competição comercial existente entre esses dois Estados, começamos a ver que o continente africano, os países africanos, têm dois grandes mercados que, bem explorados, podem servir de mercados alternativos. Os países europeus – principalmente do Ocidente, Estados Unidos e os seus aliados – importam, do continente africano, apenas matérias-primas. Então, podemos alterar esta configuração. Daí que tenho estado a defender que, na nossa relação com a China, devemos começar a pensar numa alteração significativa, ou seja, África não deve receber simplesmente os produtos manufacturados da China, mas fazer com que unidades fabris da China sejam deslocadas para o continente africano. Agora, isto só vai acontecer se o ambiente de negócios dos países africanos for bom, porque nenhum investidor quer investir num país que tenha sérios problemas no ambiente de negócios, nem repatriar capitais para um país que tem um dos índices de corrupção mais elevados. Até que ponto a corrupção pode ser um obstáculo à captação de investimento? A corrupção é um obstáculo à captação de investimento. Embora se tenham feito reformas estruturais no país, alterou-se a Lei do Investimento Estrangeiro, que tinha uma cláusula que obrigava um estrangeiro, que investisse em Angola, a juntar-se a um nacional, que passava a deter 35% do negócio – quando esse nacional, muitas vezes, nem entrava com capitais. Isso já não existe. Há a Lei da Concorrência, mas essas leis também não concorrem significativamente para o combate à corrupção no nosso país. Então, é necessário que se tenha um combate à corrupção muito mais acérrimo, que inclua vários actores e que credibilize o país do ponto de vista internacional. Os Estados Unidos têm sempre uma postura muito diferente da China e da Rússia, com critérios próprios relativamente a direitos humanos, boa governação, combate à corrupção... Claramente. Se Angola conseguir atrair investidores americanos, fazendo com que os americanos desloquem as unidades fabris para África, vamos ver muitos investidores de outras partes do mundo a quererem investir em Angola. O investimento americano pode simbolizar um bom ambiente de negócios, uma vez que os americanos só investem em países com garantias, com critérios de direitos humanos, boa governação, liberdade de imprensa, etc. São elementos norteadores daquilo que é a governação. Então, se tivermos um grande número de empresas americanas a investir em Angola, vai-se passar um sinal ao mundo de que Angola é um país para investir. Onde estão os americanos, tendencialmente, há outros actores que também querem estar. É também uma forma de alavancar a economia e reduzir o elevado número de desempregados? Isso só vai acontecer se Angola fizer o trabalho de casa, com os nossos empresários preparados e organizados, até para que, neste encontro, apresentem propostas aos outros empresários para a criação de joint ventures, por exemplo. Só acontecerá se o nosso ambiente de negócios for bom; de outra forma, os investidores não ficarão em Angola. Há uma discussão que se fala muito e que tem a ver com a Lei da Terra. Há uma pressão por parte de investidores estrangeiros, principalmente americanos, para que a cedência da terra seja, pelo menos, de 100 anos. É uma pressão contrária à visão angolana, e penso que isto também constitui um elemento inibidor. Mas penso que o Estado angolano deve ter alguns critérios que salvaguardem determinados elementos e assegurem a própria soberania do Estado. A 17.ª edição da Cimeira Empresarial EUA–África é coorganizada pelo Corporate Council on Africa (CCA) e o Governo de Angola, tendo como destaque o Corredor do Lobito, uma infra-estrutura ferroviária estratégica para o escoamento de minerais críticos, ligando Angola à República Democrática do Congo, Zâmbia e Tanzânia. O corredor é considerado prioritário pelos EUA, União Europeia e parceiros regionais. A cimeira vai dar ainda destaque ao comércio, investimento e parcerias económicas nos sectores da energia, infra-estruturas, saúde, tecnologias digitais, agronegócio, indústrias criativas e minerais estratégicos. Mais de 1.500 participantes, entre chefes de Estado e de Governo e delegações empresariais dos dois blocos, são esperados no mais importante fórum de negócios entre os Estados Unidos e o continente africano, que decorre em Luanda até ao dia 25 de Junho.

International report
Trump's first 100 days: Tariffs war shakes trade and investment in Africa

International report

Play Episode Listen Later May 2, 2025 14:18


During the first 100 days of his second term in office, US President Donald Trump has issued a series of executive orders that have unsettled the commodities market and prompted investors to hold off from making new investments in African economies. In the last three months, Trump has presented the world with “a ding-dong of measures and counter-measures," as Nigerian finance analyst Gbolahan Olojede put it.With such measures including increased tariffs on US imports from African nations (as elsewhere), this new regime has effectively called into question the future validity of preferential trade agreements with African states – such as the African Growth and Opportunity Act (AGOA), which allows duty-free access, under strict conditions, to the US market for African goods."The reciprocal tariffs effectively nullify the preferences that sub-Saharan Africa countries enjoy under AGOA," South Africa's foreign and trade ministers said in a joint statement on 4 April.Jon Marks, editorial director of energy consultancy and news service African Energy, echoed this climate of uncertainty: “With the Trump presidency lurching from policy to policy, no one knows where they are. And it's very difficult to actually see order within this chaos."Africa braces for economic hit as Trump's tariffs end US trade perksHe told RFI he expects long periods of stasis, in which nothing actually happens, when people have been expecting immediate action.“That's going to be, I think, devastating for markets, devastating for investment. The outlook really is grim," he added.CommoditiesIn 2024, US exports to Africa were worth $32.1 billion. The US imported $39.5 billion worth of goods from Africa, the bulk of these being commodities such as oil and gas, as well as rare minerals including lithium, copper and cobalt.“The focus of the Trump administration is on critical minerals now, particularly in the [Democratic Republic of Congo], which is the Saudi Arabia of cobalt,” said Eric Olander, editor-in-chief of the China Global South Project news site.The US is aiming to build non-Chinese supply chains for its military technology.“The F-35s, supersonic fighter jets, need cobalt. When they look at critical minerals, they're not looking at that for renewable energy. They're looking at it specifically for weapons and for their defence infrastructure,” Olander explained.Collateral damageOn 2 April, President Trump unveiled sweeping tariffs on US imports worldwide, declaring that the US “has been looted, pillaged, raped and plundered by nations near and far” and calling this date a “Liberation Day” which will make “America wealthy again”.Stock markets immediately plummeted as a result of his announcement.On 9 April, Trump announced a 90-day pause – until mid-July – on these tariffs. Instead, a flat 10 percent rate will be applied on exports to the US.The exception was China, whose goods face even higher tariffs – 145 percent on most Chinese goods. Beijing retaliated with 125 percent levies on US imports.According to Olander, most African nations have so far been “insulated from the harsh impact of these tariffs” and from the consequences of what is, in effect, a trade war between two economic giants – China and the US.“South Africa, which accounts for a considerable amount of Africa's trade with the United States, is much more exposed to the effects of these tariffs than the rest of the continent,” he said.Africa FirstBut what if Trump's "America First" agenda was to be copied, asks Kelvin Lewis, editor of the Awoko newspaper in Sierra Leone.“Just like Trump is saying America First, we should think Sierra Leone First,” he told RFI. “He is teaching everyone how to be patriotic. We have no reason to depend on other people, to go cap in hand begging, because we have enough natural resources to feed and house all 9 million of us Sierra Leoneans.”He added: “If Africa says we close shop and we use our own resources for our benefit like Trump is telling Americans, I think the rest of the world would stand up and take notice.”Meanwhile, Trump believes his imposition of these increased tariffs has succeeded in bringing countries to the negotiating table.“I'm telling you, these countries are calling us up, kissing my ass. They are dying to make a deal. Please, please sir, make a deal. I'll do anything. I'll do anything, sir,” Trump said on 8 April at a Republican Congress committee dinner in Washington.New marketsOlander believes that the trade war instigated by Trump has resulted in more risks than opportunities for Africa's vulnerable countries.“But, there is a lot more activity now diplomatically between African countries and other non-US countries,” he added.“Prime Minister Abiy Ahmed from Ethiopia was in Vietnam, as was Burundi's president. There's more engagement between Uganda and Indonesia, more trade activity and discussions between Brazil and Africa.”Foreign ministers from the BRICS group (Brazil, Russia, India, China and South Africa) met in Rio de Janeiro on 28 April to coordinate their response to Trump's trade policy.However, securing markets for non-US exports is a challenging task. It took Kenya 10 years “of steady diplomacy” to get China to fund the extension of the Standard Gauge Railway to the Ugandan border, according to Olander.Kenyan president visits China as country pivots away from the US“Whether it's in China, Indonesia, Brazil or elsewhere, it takes time. Exporting into developed G7 markets means facing an enormous number of hurdles, like agricultural restrictions,” he continued. “Then, in the global south, Angola is not going to sell bananas to Brazil, right?”“Trump's trade policies have actually been to depress the oil price,” said Marks. “The price has been under the psychologically low threshold of $70 a barrel.He explains it is because of the demand destruction Trump's policies have placed on global trading.Demand destruction means that people are not investing, “ Marks said. “It's really a period of wait-and-see.”“This will affect prices very profoundly. One of the ironies is that although a lower dollar means that African economies should be able to export their goods for more money, a declining dollar amidst market uncertainties means that investors are not going to be rushing to come into Africa.”

Africa Today
Will Trump's tariffs hurt Africa?

Africa Today

Play Episode Listen Later Apr 3, 2025 28:16


Are benefits from the African Growth and Opportunities Act (Agoa)  dead in the water after steep US tariffs on Africa are announced? Senegal's parliament approves revisions to a controversial amnesty law And raising awareness of autism in Somali culture Presenter : Audrey Brown Producers: Daniel Dadzie,  Bella Hassan and Yvette Twagiramariya Technical Producer: Chris Kouzaris Senior Producer : Paul Bakibinga Editors: Andre Lombard and Alice Muthengi.

AGRI NEWS NET
Is BRICS the Alternative Market for AGOA?

AGRI NEWS NET

Play Episode Listen Later Mar 27, 2025 7:16


The African Growth and Opportunity Act (AGOA), enacted by the United States in 2000, has long been a cornerstone of trade relations between the U.S. and sub-Saharan Africa. By offering duty-free access to the U.S. market for over 6,500 products, AGOA has aimed to spur economic growth, attract investment, and foster development in eligible African nations. Hosted on Acast. See acast.com/privacy for more information.

AGRI NEWS NET
Is Brexit Really the Alternative to AGOA?

AGRI NEWS NET

Play Episode Listen Later Mar 23, 2025 7:30


As the African Growth and Opportunity Act (AGOA) nears its expiration in September 2025, African nations face uncertainty about their trade relationship with the United States. Enacted in 2000, AGOA has provided duty-free access to the U.S. market for over 1,800 products from eligible sub-Saharan African countries, fostering economic growth, job creation, and export diversification—particularly in textiles and apparel. Hosted on Acast. See acast.com/privacy for more information.

Daybreak Africa  - Voice of America
Daybreak Africa: Nigerian confirms meningitis outbreak, scores dead - March 12, 2025

Daybreak Africa - Voice of America

Play Episode Listen Later Mar 12, 2025 24:52


On Daybreak Africa: The spread of meningitis in the Northern state of Kebbi began late January with over two hundred suspected cases recorded. Plus, South Sudan women make gains in the field of information technology. Malawi lions given birth control to prevent a population boom. South African President Ramaphosa wants to continue trading with the US through AGOA – the African Growth and Opportunity Act. Europe hosts talk on the details of rearming. For these and more, tune in to Daybreak Africa!

Africa Daily
Is Africa's trade relationship with the United States under threat?

Africa Daily

Play Episode Listen Later Feb 17, 2025 19:56


“This is the new reality that we are going to have to face and it is a fantastic opportunity for us to redefine our position away from the US trying to tell us who we can or cannot be, because they really don't care about us” - Ugandan coffee farmer Robert Kabushenga In the year 2000, the United States government set up the African Growth and Opportunity Act also known as AGOA. It's aim was to give qualifying sub-Saharan African countries access to the US market, without paying import taxes, thus promoting economic growth in Africa. But there's no certainty that president Donald Trump will renew the deal when it expires later this year, especially considering many of the moves he's made in recent weeks. His administration cut off financial aid to countries like South Africa and many others around the world. So, what lies ahead for trade relations between Africa and the United States? Presenter: Alan Kasujja Guests: Ugandan coffee farmer Robert Kabushenga, Eswatini economics lecturer Sanele Sibiya and South African exporter Nhlanhla Dlamini

Business daily
Trump's protectionism looms over Africa-US trade ties

Business daily

Play Episode Listen Later Feb 13, 2025 6:40


Since 2000, African countries eligible for preferential market access under the African Growth and Opportunity Act (AGOA) have seen a considerable increase in their exports to the US. But that piece of legislation comes up for renewal this year – while President Donald Trump and his protectionist views on global trade are in power. We take a look at what that could mean for key export sectors in Africa. Finally, our correspondents in Mexico look at how the local auto industry is dealing with the threat of tariffs.

The Best of Breakfast with Bongani Bingwa
Naledi Pandor Reacts to Trump signing executive order Freezing Financial aid To SA

The Best of Breakfast with Bongani Bingwa

Play Episode Listen Later Feb 10, 2025 10:51


Bongani Bingwa speaks with Dr. Naledi Pandor, former International Relations Minister and Chair of the Nelson Mandela Foundation, responds to US President Donald Trump's executive order freezing aid to South Africa over a contentious law that allows the government to seize farmland from ethnic minorities and the fear of being excluded from the African Growth and Opportunity Act (AGOA). See omnystudio.com/listener for privacy information.

The Best of the Money Show
Trump tariffs and the implications for AGOA

The Best of the Money Show

Play Episode Listen Later Feb 4, 2025 3:53


Stephen Grootes talks to Shane Naidoo, Global Treasury and Trade Management Services Specialist at Nedbank Commercial Banking, about the implications of Trump's tariffs on the African Growth and Opportunity Act.See omnystudio.com/listener for privacy information.

Daybreak Africa  - Voice of America
Nigeria-America Chamber of Commerce seeks renewal of AGOA, PEPFA - January 16, 2025

Daybreak Africa - Voice of America

Play Episode Listen Later Jan 16, 2025 2:46


The Nigeria-America Chamber of Commerce has appealed to the incoming Trump administration to renew the African Growth and Opportunity Act, or AGOA, and the Presidents Emergency Plan for Aids Relief, or PEPFA. President of the chamber Sheriff Balogun told VOA's Chinedu Offor, these policies will boost regional economic growth.

Welcome to the weekly MormonNewsRoundup where Al & Dives ruminate on the great and spacious Beehive!
Mormon News Roundup Ep. 141 | African Growth, BOM Changes, BYU Swearing, & More!

Welcome to the weekly MormonNewsRoundup where Al & Dives ruminate on the great and spacious Beehive!

Play Episode Listen Later Dec 8, 2024 34:17


Welcome to Mormon News Roundup Episode 141 (December 8, 2024)! Dive into this week's most compelling LDS headlines, including: Why the Mormon Church is experiencing significant growth in Africa

Founders Connect
How Norrsken22's $205M Fund is Empowering African Growth-Stage Startups #FoundersConnect

Founders Connect

Play Episode Listen Later Nov 12, 2024 42:35


In this Founders Connect episode, we sit down with the team behind Norrsken Foundation and Norrsken 22: Niklas Adalberth, Hans Otterling, and Lexi Novitske. Niklas opens up about his upbringing and shares why he decided to leave Klarna, offering a unique perspective on the balance between money and happiness. Hans reflects on his own early years and provides his vision for the African tech ecosystem over the next 5-10 years, including his experience investing in Spotify. Lexi gives us an inside look at the collaborative efforts of the Norrsken 22 team. We also discuss the types of companies in Africa that Norrsken 22 is keen to invest in, offering valuable insights into the future of tech and entrepreneurship on the continent. This episode is for anyone interested in the future of African tech

The Trade Guys
AGOA Forum, APEP Ministerial, and E-Commerce JSI

The Trade Guys

Play Episode Listen Later Aug 5, 2024 27:54


On this week's episode of the Trade Guys, we dissect the recent African Growth and Opportunity Act (AGOA) Forum, the Americas Partnership for Economic Prosperity (APEP) trade ministerial in Quito, and the WTO Joint Statement Initiative (JSI) on Electronic Commerce.  

Carte Blanche: The Podcast
The WholeWeek Wrap with Daily Maverick (5 August 2024)

Carte Blanche: The Podcast

Play Episode Listen Later Aug 5, 2024 20:27


The youth are getting thrifty – how Gen Z and Millennials are reclaiming their financial power. Then, Kabelo Gwamanda must go! But is he the only one to blame for Joburg's ruin? Later, an illegal military training camp in Mpumalanga. How did government miss it? And gold, silver and bronze – our Olympic athletes are bringing home the medals. But first, the African Growth and Opportunity Act (known as AGOA) is once again topping the agenda as the United States is seemingly warming to the idea of keeping South Africa around as a trade partner. Meanwhile, the Minister of Trade and Industry and his Deputy are confident our membership will be renewed. But there's still a lot that could happen between now and September next year. Carte Blanche Website · Chat on X · Chat on Facebook

BizNews Radio
Deputy Trade Minister Andrew Whitfield: AGOA renewal, slashing red tape and SA's economic revival

BizNews Radio

Play Episode Listen Later Aug 2, 2024 21:57


In an interview with BizNews, Deputy Minister of Trade, Industry and Competition Andrew Whitfield shared his vision for revitalizing South Africa's economy and enhancing its relationship with the United States through the African Growth and Opportunity Act (AGOA). Emphasizing the critical need for data-driven policies and robust intergovernmental collaboration, Whitfield discussed the importance of addressing inefficiencies and fostering private sector partnerships. His strategic approach aims to transform economic growth and job creation, making South Africa a more attractive destination for investment. The interview provides an insightful look into the government's plans to leverage AGOA's benefits while tackling pressing economic challenges.

The Best of Breakfast with Bongani Bingwa
South Africa strengthens AGOA ties during US visit

The Best of Breakfast with Bongani Bingwa

Play Episode Listen Later Jul 31, 2024 11:22


Bongani Bingwa speaks to Minister of Trade and Industry Parks Tau following his visit to the US for the 21st African Growth and Opportunity Act (Agoa) Summit. The Minister tells Bongani that SA will have discussions with both presidential candidates in the run-up to the US elections in November in its efforts to secure continued access to the African Growth and Agoa. See omnystudio.com/listener for privacy information.

Daybreak Africa  - Voice of America
South Africa seeks to maintain US trade status - July 23, 2024

Daybreak Africa - Voice of America

Play Episode Listen Later Jul 23, 2024 3:19


Some members of the U.S. Congress have called for South Africa to be excluded from the African Growth and Opportunity Act, a U.S. program that grants duty-free access to the enormous U.S. market for many South African exports. Zaheer Cassim reports from Johannesburg on South Africa's effort to remain eligible for the trade program and its evolving relationship with the US.

Good Morning Africa
Afreximbank Annual Meeting Focuses on 'Owning Africa's Destiny'.

Good Morning Africa

Play Episode Listen Later Jun 19, 2024 11:04


Glocal Citizens
Episode 227: The Artist and the Designer with Elike Nkansa Part 2

Glocal Citizens

Play Episode Listen Later Jun 18, 2024 36:12


Greetings Glocal Citizens! I met Elike Kofi Nkansa, a multifaceted creative with a background in literature and art with a keen interest in fine detailng, one afternoon at a place called the Green Butterfly Market (https://greenbutterflyghana.com/greenbutterflymarket/) in Accra. He was seated in front of a beautiful portrait tapestry which I eventually purchased after visiting his flagship boutique and seeing a sampling of his portfolio. He trained as an architect and is the designer for his fashion brand, Elike Clothing which has become a household name, particularly in Ghana, and he has clothed many eminent personalites. He is currently costumier for three-time Grammy nominated artiste Rocky Dawuni (https://rockydawuni.com). Elike was selected amongst 14 other garment manufacturers in Ghana to spearhead an effort in mass production under AGOA (https://agoa.info/about-agoa.html)--African Growth and Opportunities Act, through which his enterprise gained the requisite training to engage in mass apparel and textile production. His brand is minimalist afrocentric and heavily inclined in technically and functionally artistic design. He mentors young artisans in the fashion industry helping to release fresh creativity into the fashion space. Through his art he hopes to forge closer bonds of peace and kinship between peoples wilst empowering women and youth. Where to find Elike? www.elikeclothing.com On Facebook (https://web.facebook.com/profile.php?id=100069978938042) What's Elike reading? War and Peace (https://en.wikipedia.org/wiki/War_and_Peace) by Leo Tolstoy Works by Robert Greene (https://powerseductionandwar.com) What's Elike watching? Guest Who's Coming to Dinner (https://en.wikipedia.org/wiki/Guess_Who%27s_Coming_to_Dinner) Kramer vs. Kramer (https://en.wikipedia.org/wiki/Kramer_vs._Kramer) Other topics of interest: Leklebi Dafor (https://mapcarta.com/N7234270840) Coffee and Togo (https://perfectdailygrind.com/2022/12/coffee-production-in-togo/#:~:text=%E2%80%9CMore%20than%2040%2C000%20households%20in,farmers%20who%20also%20produce%20cocoa.) About the game Chaskele (https://www.theghanareport.com/games-that-entertained-children-in-the-90s/) RIBA - Royal Institute of British Architects (https://www.architecture.com) Ghana Institute of Architects (https://gia.com.gh) About technical pens (https://en.wikipedia.org/wiki/Technical_pen) About the Peugot 504 (https://en.wikipedia.org/wiki/Peugeot_504#:~:text=The%20504%20was%20elected%20European,visibility%2C%20strong%20engine%20and%20refinement.) About Ricci Osei (https://humansofafrica.net/ricci-osei-a-cultural-and-artistic-icon/#google_vignette) and son, Reggie Rockstone (https://en.wikipedia.org/wiki/Reggie_Rockstone) About UT Bank's Kofi Amoabeng (https://en.wikipedia.org/wiki/Prince_Kofi_Amoabeng) William Blake's The Chimney Sweeper (https://en.wikipedia.org/wiki/The_Chimney_Sweeper) About Ambassador D.K Osei (https://web.facebook.com/gbcghana/videos/3331626410408171) Special Guest: Elike Nkansa.

Glocal Citizens
Episode 226: The Artist and the Designer with Elike Nkansa Part 1

Glocal Citizens

Play Episode Listen Later Jun 11, 2024 36:58


Greetings Glocal Citizens! I met Elike Kofi Nkansa, a multifaceted creative with a background in literature and art with a keen interest in fine detailng, one afternoon at a place called the Green Butterfly Market (https://greenbutterflyghana.com/greenbutterflymarket/) in Accra. He was seated in front of a beautiful portrait tapestry which I eventually purchased after visiting his flagship boutique and seeing a sampling of his portfolio. He trained as an architect and is the designer for his fashion brand, Elike Clothing which has become a household name, particularly in Ghana, and he has clothed many eminent personalites. He is currently costumier for three-time Grammy nominated artiste Rocky Dawuni (https://rockydawuni.com). Elike was selected amongst 14 other garment manufacturers in Ghana to spearhead an effort in mass production under AGOA (https://agoa.info/about-agoa.html)--African Growth and Opportunities Act, through which his enterprise gained the requisite training to engage in mass apparel and textile production. His brand is minimalist afrocentric and heavily inclined in technically and functionally artistic design. He mentors young artisans in the fashion industry helping to release fresh creativity into the fashion space. Through his art he hopes to forge closer bonds of peace and kinship between peoples wilst empowering women and youth. Where to find Elike? www.elikeclothing.com On Facebook (https://web.facebook.com/profile.php?id=100069978938042) What's Elike reading? War and Peace (https://en.wikipedia.org/wiki/War_and_Peace) by Leo Tolstoy Works by Robert Greene (https://powerseductionandwar.com) What's Elike watching? Guest Who's Coming to Dinner (https://en.wikipedia.org/wiki/Guess_Who%27s_Coming_to_Dinner) Kramer vs. Kramer (https://en.wikipedia.org/wiki/Kramer_vs._Kramer) Other topics of interest: Leklebi Dafor (https://mapcarta.com/N7234270840) Coffee and Togo (https://perfectdailygrind.com/2022/12/coffee-production-in-togo/#:~:text=%E2%80%9CMore%20than%2040%2C000%20households%20in,farmers%20who%20also%20produce%20cocoa.) About the game Chaskele (https://www.theghanareport.com/games-that-entertained-children-in-the-90s/) RIBA - Royal Institute of British Architects (https://www.architecture.com) Ghana Institute of Architects (https://gia.com.gh) About technical pens (https://en.wikipedia.org/wiki/Technical_pen) About the Peugot 504 (https://en.wikipedia.org/wiki/Peugeot_504#:~:text=The%20504%20was%20elected%20European,visibility%2C%20strong%20engine%20and%20refinement.) About Ricci Osei (https://humansofafrica.net/ricci-osei-a-cultural-and-artistic-icon/#google_vignette) and son, Reggie Rockstone (https://en.wikipedia.org/wiki/Reggie_Rockstone) About UT Bank's Kofi Amoabeng (https://en.wikipedia.org/wiki/Prince_Kofi_Amoabeng) William Blake's The Chimney Sweeper (https://en.wikipedia.org/wiki/The_Chimney_Sweeper) About Ambassador D.K Osei (https://web.facebook.com/gbcghana/videos/3331626410408171) Special Guest: Elike Nkansa.

Long Story Short
This Week in Global Dev: #49: A Historic Visit To D.C., & The Reauthorization Of The Farm Bill

Long Story Short

Play Episode Listen Later May 23, 2024 35:05


This week we report on Kenyan President William Ruto's visit to Washington, D.C., the first by an African leader since 2008. We dig into what the occasion means for the relationship between Kenya and the wider African continent, including whether it will lead to closer economic ties between the United States and Africa as a whole. During the conversation, we also look back at our interview with Sen. Chris Coons about the visit, in which we discussed the African Growth and Opportunity Act, or AGOA, and the U.S. Africa policy. We are also keeping a close eye on the farm bill — a $1.5 trillion piece of legislation that shapes food assistance both within the United States and abroad. While the legislation largely focuses on domestic policy, it also governs the operations of Food for Peace, a flagship food assistance program that distributes American-grown commodities across the globe. However, it has been proposed that at least 50% of funds should go toward U.S.-grown commodities and ocean freight. As the reauthorization negotiations continue, we explore the importance of these funds for communities in the global south and contemplate what the potential outcomes of the discussions could be. On the topic of food systems, we also look at a story that explores how Vanuatu is stepping up its efforts to enhance food security by combining traditional practices with modern technology. For the latest episode of the podcast series, Devex Managing Editor Anna Gawel sits down with David Barth from Save the Children and Devex Senior Reporter Adva Saldinger to discuss these stories and others. Sign up to the Devex Newswire and our other newsletters: https://www.devex.com/account/newsletters

The Money Show
US legislators aim to prolong AGOA, Africa trade pact, until 2041; A new capex supercycle is on the way

The Money Show

Play Episode Listen Later Apr 12, 2024 39:28


Lumkile Mondi, Senior Lecturer at Wits Business School, and Stavros Nicolaou, Member of the SA BRICS Business Council, joins host Motheo Khoaripe to delve into the topic of US lawmakers' efforts to extend the African Growth and Opportunity Act (AGOA), a trade pact with Africa, until 2041.   Daniel Morgan, analyst at Ninety-ONE discusses the combination of an energy transition, along with nearshoring, geopolitics, demographics, technology and public investment that is driving a global capex cycle in our Money Show Explainer.  In our Friday File, car expert Warren Tucker delved into the question of whether purchasing a pre-owned luxury car is a worthwhile investment, given the associated maintenance costs.See omnystudio.com/listener for privacy information.

The Best of the Money Show
US Legislators Aim to Prolong AGOA, Africa Trade Pact, Until 2041

The Best of the Money Show

Play Episode Listen Later Apr 12, 2024 10:17


Lumkile Mondi, Senior Lecturer at Wits Business School, and Stavros Nicolaou, Member of the SA BRICS Business Council, join host Motheo Khoaripe to delve into the topic of US lawmakers' efforts to extend the African Growth and Opportunity Act (AGOA), a trade pact with Africa, until 2041See omnystudio.com/listener for privacy information.

Konnected Minds Podcast
Africa's Tech Future: Igniting African Growth with Local Talent and Smart Innovation - Former Principal Engineer at Microsoft Kevin Kissi

Konnected Minds Podcast

Play Episode Listen Later Mar 22, 2024 46:35 Transcription Available


Discover the catalysts of technological growth and innovation in Africa with Kissi, a trailblazer who's steering multiple tech ventures and a non-profit aimed at reshaping the continent's economic narrative. This episode promises to unveil the intricacies of integrating local talent and knowledge into business strategies that thrive amidst Africa's unique market dynamics. Kissi's journey from problem-solving engineer to an influential thought leader unfolds, revealing his methods for enhancing local business efficiencies and his relentless pursuit of accessible data for budding entrepreneurs.As we recount the wisdom shared at Peduasa Lodge, we grasp the profound significance of involving the African diaspora in fueling the continent's prosperity. The dialogue shifts to the financial sphere, dissecting the trials faced by local banking institutions and my own evolution in conducting business within Africa. Understanding the importance of building influence rather than imposing change, we dissect strategies for leveraging the wealth of African talent and adapting to the economic landscape to cultivate lasting success.Closing the conversation, we celebrate the transformative power of learning and problem-solving, as shared through my academic pursuits from engineering to software development. Kevin, a former Principal Engineer Manager at Microsoft, joins us to underscore the impact of unwavering determination and continuous learning on career progression. This episode is more than a discussion—it's a testament to the enduring influence of education and strategic thinking on personal growth and professional excellence within the tech industry.Support the showWatch the video episode of this on YouTube - https://linktr.ee/konnectedminds

BizNews Radio
Auto Sector's Cautious Optimism for AGOA Continuation – Renai Moothilal NAACAM

BizNews Radio

Play Episode Listen Later Nov 6, 2023 16:48


The 40th forum of the African Growth and Opportunity Act (AGOA), which offers duty-free access to the United States economy for 20 African countries, has concluded and appears that concerns about South Africa potentially losing its benefits due to the 'Lady R' diplomatic spat and its support for Hamas and Iran have abated. South Africa is advocating for an early 2024 renewal of AGOA in the U.S. Congress, as the current agreement is set to expire in September 2025. In an interview with Biznews, Renai Moothilal, the CEO of the National Association of Automotive Component and Allied Manufacturers (NAACAM) said while it is challenging to predict the outcome until a formal announcement by the U.S. Congress, a strong case has been made for the continuation of AGOA. Moothilal said the automotive industry plays a significant role in the South African economy contributing to 5% of GDP and employing 110,000 people primarily in component manufacturing. AGOA, he said, is vital for the industry's competitiveness and ability to maintain volume. Moothilal pointed out that South Africa exports a substantial number of vehicles and components to the U.S., which accounted for R24 billion in exports last year. He explained that South Africa contributes less than 1% to global auto production and it can't afford to lose any markets, making AGOA crucial for the sector's growth. Commenting on the global shift to electric vehicles (EVs) he said that component manufacturers are already adapting to technology changes and are prepared for the shift to EVS.

Africa Today
DR Congo conflict: How children are impacted

Africa Today

Play Episode Listen Later Nov 2, 2023 29:39


As the number of internally displaced persons rises to record levels in the Democratic Republic of Congo, we look at the devastating impact the ongoing conflict is having on children. Also how does Africa benefit from the African Growth and Opportunity Act (Agoa), signed into law by the United States, 23 years ago? And we speak to one woman, Amira Adawe, who is determined to highlight the dangers of using skin lightening products.

The Aubrey Masango Show
Africa At A Glance: AGOA Summit 2023

The Aubrey Masango Show

Play Episode Listen Later Nov 2, 2023 54:13


Today is the first day of the annual African Growth and Opportunity Act (AGOA) Forum in Johannesburg which will be running from Nov 2-4 to discuss the United States' flagship trade programme for the continent. To discuss the impact of this forum and the possible outcomes we are joined by Dr Mpumelelo Mkhabela, political analyst and Eckart Naumann, Economist.See omnystudio.com/listener for privacy information.

Fault Lines
Episode 270: Biden Gives Africa's Dictators the Boot

Fault Lines

Play Episode Listen Later Nov 1, 2023 8:30


Today, Les, Jess, Jamil and Morgan discuss the Biden Administration giving Uganda, Gabon, Niger, and the Central African Republic the boot from a special US-Africa trade program - the African Growth and Opportunity Act (AGOA) - due to Niger and Gabon's dictatorial takeovers and CAR and Uganda's violations of human rights. AGOA is set to expire in 2025, and the geopolitical landscape both across Africa and in the U.S. is much different than when AGOA first passed in 2000.What does the future of AGOA and U.S.-Africa trade look like? What's our assessment of how President Biden and Congress is doing when it comes to Africa policies and programs? How can the Biden Administration reimagine U.S.-Africa relations?Hear our experts debate these issues and more in 10 minutes on our latest episode of Fault Lines! Want to learn more about this topic? Check out these articles that our experts used to frame our discussion: https://www.bbc.co.uk/news/world-africa-67236251https://www.csis.org/analysis/beyond-2025-future-african-growth-and-opportunity-acthttps://www.nytimes.com/2023/10/10/us/politics/niger-coup-biden-declaration.htmlhttps://www.washingtonpost.com/health/2023/10/26/pepfar-funding-delays-hiv-abortion/Follow our experts on Twitter: @notTVJessJones@jamil_n_jaffer @lestermunson@morganlroachLike what we're doing here? Be sure to rate, review, and subscribe. And don't forget to follow @masonnatsec on Twitter! Hosted on Acast. See acast.com/privacy for more information.

Business News Leaders
Listen! Previewing the AGOA Forum with Standard Bank CIB

Business News Leaders

Play Episode Listen Later Oct 31, 2023 7:49


African leaders, US representatives, and the private sector will be gathering at Nasrec in Johannesburg on November 2 to attend The AGOA Business Forum. This forum will explore ways for Sub-Saharan African countries to build industrial capacity and regional value chains to take advantage of the African Growth and Opportunity Act (AGOA) – a trade programme initiated by the United States to foster greater economic ties with Sub-Saharan Africa by allowing preferential access to the US market through tariff-free exports. Standard Bank is a key sponsor of the forum and the bank's CEO for Corporate and Investment Banking, Kenny Fihla spoke to Business Day TV about the success and importance of AGOA ahead of the event.

Business News Leaders
Listen! How SA can capitalise on AGOA

Business News Leaders

Play Episode Listen Later Oct 30, 2023 8:13


South Africa will be looking to get more from its trade ties with the US, as the nation prepares to host the African Growth and Opportunity Act Forum. Business Day TV spoke to Stanlib's Chief Economist, Kevin Lings about how South Africa can capitalise on the AGOA Forum.

Business News Leaders
Listen! Why the US is considering a 20-year AGOA extension

Business News Leaders

Play Episode Listen Later Oct 19, 2023 8:23


US Senator John Kennedy is pushing for an extension of the African Growth and Opportunity Act |(AGOA) until 2045 in an effort to counter China's growing influence in the region. Business Day TV spoke to Business Day journalist, Thando Maeko for more perspective on the move.

china extension business day agoa african growth opportunity act agoa business day tv
AviaDev Insight Africa
261. flydubai adds Mombasa and outlines ambitious African growth plans, with Sudhir Sreedharan, Senior Vice President, Commercial Operations, flydubai

AviaDev Insight Africa

Play Episode Listen Later Sep 19, 2023 14:32


In this episode, I am joined by flydubai, a very important international airline serving multiple points in Africa, which has just announced a brand new route, taking its African network to 11 destinations in 10 countries. The airline has announced it will serve Mombasa on the east coast of Kenya 4 times per week from January 2024. In this podcast, we hear directly from the airline as to what has prompted this new route announcement and also to get a general feel of FlyDubai's approach to development in Africa, with Sudhir Sreedharan, Senior Vice President, Commercial Operations at flydubai.  Connect/ Follow Sudhir on LinkedIn here For those listening, you can now head across to our new website www.AviaDev.com to see the theme for our 2024 event and get a flavour of our event plans.  If you enjoyed this episode, please leave us a rating to enable us to be found by even more people, and feel free to share the link with someone in your network that you think would benefit from listening.

Business Daily
Investing in Africa: US and AGOA

Business Daily

Play Episode Listen Later Jul 6, 2023 18:22


The African Growth and Opportunity Act, or AGOA, gives duty-free access for exports to the American market, and has done for 23 years. South Africa is one of the countries that has benefitted – but now its inclusion in doubt due to allegations from the US that it has violated its neutrality and supplied weapons to Russia - something South Africa denies. So what would being pushed out of AGOA mean for the country? Plus we hear from Ethiopia – it has been suspended from AGOA due to the the war in Tigray - we hear from an economist in Addis Ababa who disputes the benefits of these trade agreements to Africa. Presented by Ahmed Adan with reporting by Russell Padmore. (Image: An Ivory Coast stand at the 2019 AGOA forum, showcasing products on the market. Credit: Getty Images)

The Carl Nelson Show
President/General of the Universal African Peoples Organization Zaki Baruti & Record Executive Eddie Pugh l The Carl Nelson Show

The Carl Nelson Show

Play Episode Listen Later Jun 26, 2023 175:54


The President/General of the Universal African Peoples Organization checks into our classroom on Monday morning. Zaki Baruti will Preview the Supreme Court's final week of decisions and how they may impact the 2024 elections. Brother Zaki will also discuss the importance of travel. Before, Zaki Veteran Record Executive Eddie Pugh will continue our salute to Black Music Month. Before Eddie, we will review the African Growth and Opportunity Act (AGO). The Big Show starts on WOLB at 1010 AM, wolbbaltimore.com, WOL 95.9 FM & 1450 AM & woldcnews.com at 6 am ET., 5 am CT., 3 am PT., and 11 am BST. Call-In # 800 450 7876 to participate, & listen live in the DMV on 104.1hd2 FM, 93.9hd2 FM, & 102.3hd2 FM, Tune In Radio & Alexa. All shows are available for free from your favorite podcast platform. Follow us on Twitter & Instagram.See omnystudio.com/listener for privacy information.

Afternoon Drive with John Maytham
Premier Alan Winde motivates the current USA visit to save AGOA

Afternoon Drive with John Maytham

Play Episode Listen Later Jun 15, 2023 5:54


The Premier of the Western Cape Alan Winde joins Mike to explain the motivation for the delegation's current visit to the USA to meet senior officials to save the African Growth and Opportunity Act.  See omnystudio.com/listener for privacy information.