Mauritius marks its presence in the U.S – Africa Institutional Investor Roadshow 2015 in New York with BOI participation.
The Board of Investment Mauritius is participating in the U.S-Africa Institutional Investor Roadshow Launch today, September 29th, 2015 in New York. The Roadshow will provide a platform for U.S. institutional investors and African government representatives to discuss and implement best practices for reducing governance risk, strengthening capital markets and increasing long-term investment flows.
Deepening the U.S.-Africa Trade Relationship, the President Obama has prioritised promoting U.S. trade with and investment in Africa, building Africa’s trade capacity, and extending preferential access to the U.S. market for African products.
U.S. non-petroleum imports from Africa increased by 46% and U.S. goods exports to Africa increased by 59% since 2009, evidence of growing trade ties between the United States and Africa.
The launch of a multi-stop Institutional Investor Roadshow starts in an inaugural stop on the margins of the UN General Assembly Session to provide a platform for U.S. institutional investors and African heads of state to discuss best practices to reduce governance risk, strengthen capital markets and increase long-term investment flows to mobilize U.S. private sector capital and introduce U.S. exporters and U.S. financial institutions to specific export and investment opportunities in African markets.
The Office of the U.S. Trade Representative led U.S. Government efforts to support African governments as they strengthen their business environments and capacity for regional and global trade, increasing the attractiveness of Africa as a supplier of goods and services and a destination for foreign investment, as well as increasing demand for Made-in-America goods and services in Africa
AGOA, first signed into law in 2000, is the cornerstone of the U.S.-Africa trade relationship.
The recent 10-year extension of AGOA – the longest in the program’s history – sends a strong signal that US is serious about expanding our bilateral trade relationship with Africa, including creating new customers for U.S. goods and services.
The extension provides certainty for African producers and U.S. buyers about access to the U.S. market and creates a stable environment that encourages increased investment in sub-Saharan Africa.
Accordingly among Sub-Sahara countries Mauritius is marking its presence in the road show with the participation of the Board of Investment.
Under the Trade Africa Initiative launched by President Obama in 2013, the United States and the East African Community (EAC) have made significant progress in advancing best trade practices in the EAC member countries.
Over the next five years the Trade and Investment Hubs in East and West Africa are expected to facilitate over $200 million in new investments and foster the creation of 37,000 jobs.
Finally to facilitate U.S. business activity in Africa, the Department of Commerce doubled its presence in sub-Saharan Africa over the past year, by opening new offices in Angola, Tanzania, Ethiopia, and Mozambique, while expanding its operations in Ghana, and re-establishing a position at the African Development Bank.