TANZANIA, one of the developing countries in the world, is faring well in terms of attracting investments from all corners of the world. Data from the Tanzania Investment Centre (TIC) shows foreign investments have been on upward trend, indicating that investors are satisfied with the investment environment.
It is notable that South Africa will still host the African Growth and Opportunity Act (Agoa) Private Sector Forum next month, given that several US lawmakers have called for it to be moved elsewhere, and have questioned the country’s preferential trade terms with the US under AGOA as such preferential access to the US markets is open only to African countries that do not threaten American security interests.
SA and US go into AGOA summit amid tensions over foreign policy, wars in Europe and Middle East
OPINION: The Agoa summit could not have come at a more awkward time for South Africa and the US. It will come amid the Palestinian-Israeli war that has divided global opinion. South Africa and the US are on opposing sides once again, writes Dr Sizo Nkala.
Eggs are currently South Africa's hottest commodity. The country has been grappling with one of its worst outbreaks of bird flu - millions of chickens have been killed over the past few weeks, supplies of poultry meat have been threatened and supermarkets across the nation have run out of eggs.
On September 9, the AU was made a permanent member of the Group of 20 (G20). SA is an original member of the group, though its influence has not been effective in achieving the country’s and the continent’s objectives. Africa’s membership will enable SA to bundle its objectives with the rest of the continent. In this way, the urgency of African challenges will be appreciated and addressed.
JOHANNESBURG (AP) — South Africa will host a meeting in November of nations participating in the U.S. Africa Growth and Opportunity Act despite earlier calls to exclude the country from the forum due to its ties to Russia and the docking of a sanctioned Russian vessel near Cape Town last year.
The National Association of Automobile Manufacturers of South Africa (Naamsa) says that it is vital that South Africa remain an eligible participant in the African Growth and Opportunity Act (AGOA) – with billions of rands in exports and thousands of future jobs on the line.
The US and Kenya announced a trade and investment partnership in July 2022. Talks have been progressing on the way forward in nine areas, including agriculture, anti-corruption, digital trade, environment and climate change action, and workers’ rights and protections.
African economies should seize the opportunity to better integrate into technology-intensive global supply chains and boost prosperity, but this depends on their ability to harness key market and investment trends, the UN’s trade and development body UNCTAD said on Wednesday.
