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.
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.
United States and Africa: increased engagement regarding trade creating opportunities in the African free trade area. It was also announced at the Summit that US intended to invest USD 55 billion in Africa over the next three years.
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.
As the African Growth and Opportunity Act (Agoa) comes up for potential renewal before its expiry in 2025, naamsa | The Automotive Business Council and the Automotive Industry Export Council (AIEC) have released a research report motivating for an extension to the trade preference programme.