Africa Fashion Guide
A social enterprise promoting sustainability within Africa's fashion and textile industry.



Uncategorized

December 4th, 2012

President Obama Advocates ‘Doing Business In Africa’

More articles by »
Written by: Jacqueline Shaw
Tags: , ,
obama for africa via http://www.africanlookbook.com/obama-for-africa/

As featured on Ventures Africa, US President Barack Obama, has launched a new African economic campaign called ‘Doing Business in Africa’ (DBIA), as part of his administration’s ‘US Strategy Toward Sub-Saharan Africa’ policy which was established in June. We believe that this will have an affect on the numbers of fashion business working in Africa. We believe it will be an increase of companies and even more interest than there is at present.

Lets look further into the Ventures Africa article and what this may mean for Africa in general.

“The economies of sub-Saharan Africa are among the world’s fastest growing, and this economic expansion—partly a result of our long-standing investment in Africa—provides an opportunity to lift millions out of poverty and foster long-term stability,” President Obama said in an official statement.

“Our challenge is to ensure these gains continue and spread, and to enable American companies and the African Diaspora to obtain the support they need to take advantage of these new trade and investment opportunities,” he added.

The campaign which strives to deepen trade and investment between the US and the home to six of the world’s ten fastest-growing economies, was first disclosed to South African business leaders after which it was officially launched in Johannesburg on Wednesday by Acting US Commerce Secretary, Dr Rebecca Blank.

Through DBIA the American Department of Commerce has outlined five areas of intervention which includes the training of officials at Export Assistance Centers, in the US, as well as commercial service officers around the world on specific African markets and sectors.

The American government has committed through the programme, to empowering Africans in its country with tools to trade and invest in their home continent.

American economic development leaders would also be trained by the State International Development Organisation on doing business in Africa and two-way trade missions and shows would be organized for African and American companies and business leaders.

“Many American entrepreneurs and business leaders are unaware of the tremendous trade and investment prospects in sub-Saharan Africa,” Obama lamented.

According to engineeringnews.co.za, currently, US trade with sub-Saharan Africa accounts for only 2.6 percent of the country’s total trade with the world.

The US Strategy Toward Sub-Saharan Africa was officially announced on June 14 2012. The policy provides four new strategies with the aim of achieving grounded partnership with Africa and the development of the continent. They are: strengthening democratic institutions and spurring economic growth, trade and investment.

 

How do you think this will impact the textiles industry? Share your thoughts and opinions

Republished with permission by Ventures Africa.





 
 

 
unnamed

Africa Utopia September – Art and ideas from Africa that are changing the world – EVENT

Following 2012′s sensational first edition, Africa Utopia is back to take another look at what can be learnt and celebrated from Africa and the African Disapora. Some of the continent’s most iconic musicians and artis...
by africafashionguide
0

 
 
XcBotgAYPWxDvlKXdQ2UecLm-A3RVM8H30Edwx0QUuE,cWKyt3P_IzAiEtL8ZIPqWFOhvn8PYsUH3-nFbYsI9oM

Yinka Shonibare MBE Features in New Photography Exhibition “Looking Back” – Zeitz MOCAA Pavilion at V&A Waterfront

LOOKING BACK presents works of three artists in the permanent collection of Zeitz MOCAA: Zanele Muholi (Born 1972, South Africa); Andrew Putter (Born 1965, South Africa); and Yinka Shonibare, MBE (Born 1962, United Kingdom). Th...
by africafashionguide
0

 
 
Screen shot 2014-08-02 at 23.05.33

Africa Trending – Going Beyond Business with Bloomberg TV Africa

From culture to art, film to fashion, music, sport, literature and lifestyle, Bloomberg TVAfrica will go beyond business to bring you Africa’s most talked about culture with their new show Africa Trending. Each week Savahna N...
by africafashionguide
1

 




0 Comments


Be the first to comment!


Leave a Reply