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OPINION: WHY TANZANIA IS SO STRATEGIC FOR U.S AND CHINA?

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OPINION: WHY TANZANIA IS SO STRATEGIC FOR U.S AND CHINA?

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U.S FIRMS IN AFRICA: HOW THEY MADE IT 2014: BEST YEAR

FOR U.S AFRICA TRADE-WHAT TO EXPECT IN 2015

Additional

U.S. AFRICA TRADE NEWS COMING SOON ON

www.usafricatrade.org Interviews, New features, Business Trends

CONTENTS

INVESTING IN MOROCCO TOURISM P11

WHY TANZANIA IS SO STRATEGIC FOR U.S AND CHINA? P8

U.S FIRMS IN AFRICA: HOW THEY MADE IT

P14

WORLD TRADE NORTH AMERICA: CANADA SUPPORTS TO AFRICA TRADE FUND ENDS IN 2015......................4 EUROPE: IRELAND TRADE WITH AFRICA TO HIT $24B BY 2020 .....................................4 ASIA: AXIS CHINA-SOUTH AFRICA INTENSIFYING...............................................................5 TALK NUMBERS............................................................7

THEY SAID........................................ 5 DIPLOMACY U.S. GOVERNMENT SUPPORTS POWER SECTOR IN TANZANIA. ................................................6

INITIATIVE U.S.-MIDDLE EAST PARTNERSHIP INITIATIVE (MEPI).........................................................22

CHAMBER OF COMMERCE AMERICAN CHAMBER OF COMMERCE IN GHANA....................................................................27 ON THE RADAR-EXPORT-IMPORT BANK OF THE UNITED STATES......................................

2014, YEAR ALARMING OF U.S AFRICA SEX TOURISM TRADE P11 IN AFRICA P24 WHAT TO EXPECT IN 2015.........................................19

OPINION FROM SECOND TO FIRST, HOW U.S CAN REGAIN TRADE EDGE IN AFRICA.......................23

LOGISTICS LOMÉ PORT ADOPTS A THIRD DOCK ...............12

ENERGY EXXON MOBILE AND THE FALL OF OIL PRICE IN AFRICA..................................................19

BIZ DIASPORA EBOLA AFFECTS AFRICANS’ BUSINESSES IN MINNESOTA................................................................21

AFRICA AIRLINES BIZ SOUTH AFRICAN AIRLINES PARTNER WITH ETHIYAD AIRLINES......................................................13

INVESTMENT U.S. SUPPORT AFRICAN TECH START UPS..............18

CURRENCY SNAPSHOT..................... 29 TRADE AGENDA.............................. 26

OPINION 2014 US AFRICA TRADE DATA...................................22

INITIATIVE AFRICA: HIV/AID PANDEMIC ON DECLINE ...............25

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WORLD TRADE AND AFRICA

NORTH AMERICA: CANADA SUPPORTS TO AFRICA TRADE FUND ENDS IN 2015

BY JACKSON ETA

A

frica Trade Fund (AfTra) is a Bank-hosted, trade-related technical assistance facility with the objective to enhance the trade performance of African countries.

Canada has provided the seed capital to launch the AfTra in 2012 and was particularly keen to scale up its Aid for Trade (AfTra) programs and that the African Development Bank, an excellent vehicle for the channeling of AfTra resources.

Government of Canada launched with seed capital to AfTra fund till 2015. Canada vision has always been to broaden AfTra’s donor base and become a multi-donor trust fund.

AfTra is already the Bank’s main financing facility for technical assistance on trade in Africa and aims to be the continent’s foremost facility in this area. The initiative comes within the

context of the Trade Facilitation Agreement reached at the Bali Ministerial Conference in December 2013, which promotes donor engagement to support low-income countries on this issue.The AfTra will unlock barriers to trade, and build a sustainable platform to

help Africa enjoy a stronger role in the global marketplace. The goal of the Fund is also to achieve more sustainable economic growth, contribute to poverty reduction and help Regional Member Countries (RMCs) meet their development goals through enhanced integration in regional and global trading systems. By facilitating funding and providing expert technical support, Canada is helping to close the soft infrastructure gaps that are holding back farmers, producers, traders, businessmen and women in low-income countries from being more competitive. Focusing on facilitating trade, developing products and markets and building capacity in institutions in order to build the continent’s prosperity with equity is the commitment Canada has taken in the last decades for its Africa vision.

EUROPE: IRELAND TRADE WITH AFRICA TO HIT $24B BY 2020

BY GERALD NATHALIE

I

reland has always been overshadow ed by cooper ation bet w een England–Africa. Ireland presence in Africa is not significant and its poor marketing strategy in the continent had been not really effective. The rise of countries in Asia and specially China has always been detrimental for Ireland and the west in general. The forum, organized by Ireland’s Department of Foreign Affairs and Trade, brought together Irish businesses together with African partners to explore opportunities for trade. The investment forum held last November was a clear signal that Ireland

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won’t be left behind when it comes to seizing opportunities or business deal in Africa. Total merchandise trade between Ireland and Africa increased by 35% from 2010-2013, from approximately US$2.1 to US$2.8b.

Trade between the continent and Ireland is expected to reach US$30billion by 2020, according to Sherlock, Ireland Minister of Development, Trade Promotion and North South Cooperation. In the last three years, he added that they have seen an increase of 25% in Irish goods exports to sub-Saharan Africa and 27% with the entire continent; and increase that improved people-to-people links and

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encouraged initiatives to enable business links, a vital element in developing these relationships.

For Minister Sherlock, Africa collectively is on the rise and it becomes crucial for Ireland to seize the business opportunities the continent is offering. For that purpose, he concluded that Irish Embassies and Ambassadors across Africa are engaging with Irish companies entering markets, selling goods and services, investing in countries, and winning tenders. This activity has ranged across many sectors including major energy projects, engineering consultancy, agri-business development and education and learning partnerships.

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ASIA: AXIS CHINA-SOUTH AFRICA INTENSIFYING

BY MICHEAL LEANDRIN

C

hina and South Africa are both members of the BRICS, an association of five major emerging national economies: Brazil, Russia, India, China, and South Africa formed in 2011.

The two countries share of common vision in the world issues. Jacob Zuma, South Africa president visit last December 2014 to its counterpart XI Jinping comes at the moment when BRICS active member, Russian, is under U.S and Europe sanctions.

Deepening bilateral, trade and investment relations between South Africa and China was on the program of the 2 days visit. China is working with South Africa to effectively implement of agreements on 5 to 10 Year framework on Cooperation, which aims to further enhance the implementation of the

outcomes of the Bi-National Commission and the Inter-ministerial Joint Working Group established recently.

China has always been doing business in South Africa in various sectors such as infrastructure development, ocean and green economies, science and technology, agriculture, environment, finance. But now the two BRICS members are moving towards a Comprehensive Strategic Partnership so the rainbow country remains

a gateway for investors in Africa. Also, the old and cherished BRICS project for a New Development Bank has been on the agenda of the two leaders, a Bank that some experts think would challenge the International Monetary Fund and the World Bank.

Meanwhile, Jacob Zuma ties with China is to vigor South Africa, which in 2014 loose it edge by becoming Africa second economy.

China assistance will be crucial for the rainbow country to regain its stature taken in Africa.

This strategic relationship was forged between the BRICS and African leadership in 2013 in Durban. However, without eclipsing its main goals, taking advantage of China economic boom will serve as a catalyzer to South Africa economy and enhance economic development for the continent.

THEY SAID

PRESIDENT OBAMA

MICHAEL BLOOMBERG

SEÁN SHERLOCK

“ WITHAFRICA,WE ARE LOOKING AT A NEW MODEL THAT’S BASED NOT JUST ON AID AND ASSISTANCE BUT TRADE AND PARTNERSHIP,”

“WE ARE LETTING EUROPE AND CHINA GO FASTER IN AFRICA.”

“IRELAND WILL WORK TO MAKE SURE THAT OUR STRONG TRADITIONAL RELATIONSHIPS WITH AFRICAN COUNTRIES ARE COMPLEMENTED

BY AN INCREASED ECONOMIC RELATIONSHIP THAT WORKS TO THE BENEFIT OF ALL,”

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NIGERIA MINISTER OF FINANCE LAMIDO SANUSI “FOR AFRICA TO REALIZE ITS ECONOMIC POTENTIAL, WE NEED TO BUILD FIRST CLASS INFRASTRUCTURES.”

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PENNY PRITZKER, U.S. SECRETARY OF COMMERCE “CLOSER ECONOMIC TIES AND RISING DEMAND IN AFRICA CREATE AMPLE OPPORTUNITIES FOR BUSINESSES IN THE U.S.” 5

US-AFRICA DIPLOMACY

U.S. GOVERNMENT SUPPORTS POWER SECTOR IN TANZANIA United States Ambassador Mark B. Childress agreed on November last year to provide up to $9.78 million for the development of high-impact investment projects in Tanzania’s energy sector through the Millennium Challenge Corporation (MCC).

The grant agreement is built on a strong partnership between the United States and Tanzania. From 2008 to 2013, MCC implemented a compact of investment projects in water, roads, and electric power throughout Tanzania totaling $698 million. That compact program led to the construction of over 3,000 km of power lines, 450 km of trunk roads, two water treatment plants, and an airport runway.

MCC, a United States Government agency that provides assistance to developing countries based on the principle that aid is most effective when it reinforces good governance, economic freedom and investments in people that promote economic growth and the elimination of poverty, designated Tanzania eligible to develop a second compact program with a focus on the power sector, including investments in infrastructure as well as

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Mark Chlidress, U.S Embassador to Tanzania

policy, regulatory and institutional reforms.

Through the grant agreement, Tanzania will mobilize consultants to undertake detailed feasibility studies and other preparatory work on project ideas that are most likely to stimulate long-term economic growth. The

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studies will allow Tanzania to fully develop projects to reform the power sector; improve the technical, financial, and operational performance of the Tanzania Electricity Supply Company Ltd. (TANESCO) and the Zanzibar Electricity Corporation (ZECO); and expand access to electric power in rural areas. These proposed projects are expected to form the basis of a second MCC compact of investments between the United States and Tanzania.

The grant also marks a significant commitment toward the goals of Power Africa, the U.S. Government initiative to double the number of people with access to power in Africa through collaboration with African governments, the private sector, and other development partners.

Source: U.S Embassy in Tanzania.

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E-ON THE RADAR

EXPORT-IMPORT BANK OF THE UNITED STATES

T

he Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States federal government.

It was established in 1934 by an executive order, and made an independent agency in the Executive branch by Congress in 1945, for the purposes of financing and insuring foreign purchases of United States goods for customers unable or unwilling to accept credit risk.

The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers.

The Bank is chartered as a government corporation by the Congress of the United States; it was last chartered for a three-year term in 2012 and extended in September 2014 through June 30th, 2015. Ex-Im Bank does not compete with private sector lenders, but

rather provides financing for transactions that would otherwise not take place because commercial lenders are either unable or unwilling to accept the political or commercial risks inherent in the deal.

The Export-Import Bank of the United States (Ex-Im Bank) provides a variety of loans, guarantee, and insurance products intended to aid the export of American goods and services.

The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S.

exports to international buyers. The bank was originally organized as a District of Columbia banking corporation by Executive Order 6581 from Franklin D. Roosevelt on February 2, 1934, under the name ExportImport Bank of Washington. The stated goal was to aid in financing and to facilitate exports, imports, and the exchange of commodities between the United States and other Nations or the agencies or nationals.

Source: U.S Exim Bank

5.4 % Africa Economic growth 2014

TALK NUMBERS

African area is 30.3 million km² Africa is home to six of the world's fastest-growing economies

Africa's labor force is forecast to grow by 122 million people by 2020 and become a total workforce that will surpass that of China or India by 2035.

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OPINION

WHY TANZANIA IS SO STRATEGIC FOR U.S AND CHINA?

BY GISCARD AYISSI

Tanzania is Africa’s third largest gold producer after Ghana and South Africa. Minerals now account for nearly half of the Tanzania’s exports and Africa’s third largest gold producer after Ghana and South Africa

T

anzania’s heart seems to actually been split between two world powers: U.S and China, both its trade partners.

The U.S. Government provides Tanzania assistance by supporting programs in the areas of health, environment, democracy, and development of the private sector.

The U. S . A genc y for I nternationa l Development's program in Tanzania averages about $20 million per year. The Peace Corps program, revitalized in 1979, provides assistance in education through the provision of teachers. Peace Corps also is assisting in health and environment sectors.Since then, U.S –Tanzania relations were focused on trade.

Tanzania's exports to the U.S. are dominated by agricultural commodities, minerals, and textiles while imports from the US include agricultural / transport equipment, chemicals, clothes and machinery.

July 1, 2013, President Obama received a warm welcome for Obama in Dar Es Salaam.

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Mr. Obama unveiled an ambitious program to double access to electricity in sub-Saharan Africa, investing $7 billion in financial support for an initiative called “Power Africa.”

Tanzania is one of the initial six participating countries where the government hopes to add 10,000 megawatts of generation capacity and reach 20 million households that lack electricity. After Obama, many U.S officials, especially for trade purpose Last U.S officials were John Lew, U.S secretary of Treasury,

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November 2014. China, on its part, established diplomatic relations with Tanganyika and Zanzibar on 9 December 1961 and 11 December 1963 respectively.

When Tanganyika and Zanzibar were united and became Tanzania on 26 April 1964.

Tanzania has had good relations with the People’s Republic of China over the past 30 years. From 2000 to 2014, two Chinese presidents have toured the country for trade purpose.

From 2000 to 2011, there are approximately 62

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Photo: Dar Es Salam, Tanzania

Tanzania’s heart is actually split between two world powers: U.S and China Chinese official development finance projects identified in Tanzania through various media reports.

China's exports to Tanzania totaled $1.099 billion from 2012 to 2013. Tanzania continues to attract the most Chinese investment, with 3 billion US dollars flowing into its mining sector in 2011, and were roughly doubled the $495.74 million worth of goods China imported from Tanzania. Tanzania trade relationship seems all time high in 2014. In October, Beijing announced that it plans to build a satellite city to ease congestion in the commercial capital Dar es Salaam. In addition, $85 million in grants and zero-interest loans from China, Tanzania and China have signed investment deals worth more than $1.7 billion, still in 2014. The money will be used to develop

Photo Tanzania MFAIC: President Barack Obama and with Tanzania president Jakaya Kikwete

infrastructure, business cooperation, and power distribution. Chinese President Xi Jinping has arrived in the Tanzanian capital Dar Es Salaam for a state visit in 2013. It was

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his first foreign trip as president following visit to Russia. His aim is to enhance friendship and cooperation with the East African country. The question is many in Africa are

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Photo Tanzania MFAIC: President Xi Jinping with Tanzania president Jakaya Kikwete

asking is why such interest in this 47 million inhabitants, East Africa country, from both U.S and China.

NATURAL RESOURCES? Tanzania is very rich in minerals such as gold, diamond, iron, coal, nickel, tanzanite, uranium and natural gas. Recently natural offshore gas deposits have been discovered. Minerals now account for nearly half of the Tanzania’s exports and Africa’s third largest gold producer after Ghana and South Africa. For U.S and China, Tanzania is the future.

GEOPOLITICAL POSITION The United Republic of Tanzania is a country in East Africa in the African Great Lakes region. It is bordered by Kenya and Uganda to the north; Rwanda, Burundi, and the Democratic Republic of the Congo to the west; and Zambia, Malawi, and Mozambique to the south. Its sea ports is opens to Asia and Middle East.

An U.S considered this country as a major partner to fight against terrorism after U.S. Embassy in Nairobi in neighboring Kenya, was bombed on Aug. 7, 1998.

According to some experts, in the next twenty years, who control this country of East Africa, will not only weighed on the trade in East Africa ,but also, will have a have a view on the pacific and tackle terrorist threats coming from the middle East.

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BUSINESS AFRICA

Street of Rabat, Capital city, Morocco

The number of tourists visiting Morocco has increased from 5.8 to over 9.3 million, and a mounts of foreign direct investments are around $29 billion over this period

BY ADELINE BERTRAND

INVESTING IN MOROCCO TOURISM

R

eferring to Morocco in Africa is its fascinating beaches and ancient arts. Rabat, its capital city, has been for century a gateway for foreigners. Morocco is a tourist destination that has many strengths and clear potential that allowed it to become a highly popular tourism hub.

With varied and contrasting landscapes (3500 km of coastline, mountains, deserts ...), a rich cultural heritage, Morocco is a unique and diverse touristic experience less than 3 hours flight from major European cities. Between

2005 and 2010, the number of tourists visiting Morocco has increased from 5.8 to over 9.3 million, and a mounts of foreign direct investments are around $28 billion over this period combined.

For investors, Morocco offers a lot of exemption of import duty preference for all capital equipment needed for the promotion and development of the project. They can also conclude with the State, investment agreements granting implementation aid for the project. In addition, the financing removes the constraints on the access to financial

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resources, Vision 2020 considers the establishment of an instrument for national, and international investment mobilization: the Moroccan Fund for Tourism Development (FMDT).

Investment premiums will be implemented taking into account the level of risk perceived by investors for each type of product and for each destination. Aside from commercial banks responsible for financing the sector, funds for national investments were created to support the dynamic development of tourist projects.

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LOGISTICS

LOMÉ PORT ADOPTS A THIRD DOCK

BY MARYVONNE ISABELLA

L

omé largest port on the West Afr ica n coast bur st a nd is working to be to adjust its ports infrastructures to the international norms. In recent years, Togolese authorities have undertaken a number of projects to develop the Port of Lomé new modern infrastructure.

The construction of a third platform was included in the development plan for the Port of Lomé, a process that was launched in March 4, 2011 by the President of the Republic of Togo and the Chairman of Bolloré Group

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responsible for its implementation. After three years of work, the third pier of the Port of Lomé was inaugurated on 14 October 2014.

With this infrastructure, the Port of Lomé therefore strengthen its major asset deep water port on the West African coast and its role in opening up landlocked countries such as Burkina Faso, Mali and Niger which it is the arm sea.

The result of a public-private partnership between the Government of Togo and Bolloré GROUP, a French firm, opened this third platform and offers a container terminal of

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450 meters of quay length, 15 meters deep and with a 38-hectare storage area. Investment: $600 million.

Lomé can accommodate 3rd generation container ships carrying up to 7,000 20-foot containers bearing the annual volume of the Port of Lomé nearly de1.5 million containers.

The third platform is equipped with two gantries 5 provided forward that will contribute to improved handling performance of the Port of Lomé and give it a new dimension of a modern port.

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AIRLINES BIZ

Ethiopia Airlines: 2014 Best Africa Airlines

BY JAMES WALKER

E

thiopian is a Pan-African global carrier operating the youngest fleet in the continent with an average of less than 7 years and currently serving 84 international destinations across 5 continents with over 200 daily departures.

December 2014, Ethiopian Airlines has been voted as the Best Airline to Africa

by Premier Traveler Magazine Survey last month, 2014 Ethiopian Airlines, the largest and most profitable airline in Africa, was pleased to announce that it has been recognized as "Best Airline to Africa" by one of the most prominent travel magazines in

the United States, Premier Traveler, at a ceremony held on 4 December 2014 in Los Angeles, California.

A recognition that adds to the Best Airline in Africa award received by Passenger Choice Awards, the most extensive survey of passengers in the industry in August 2014 and. The African Airlines Association (AFRAA) also named Ethiopian African Airline of the Year at its 46th Annual General Assembly held in Algiers in November 2014.

According to the CEO of Ethiopian Airlines Group, Tewolde Gebremariam, the company offers the best connectivity options for the travelling public between Africa and the US,

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with daily flights from Washington D.C. using the ultra-modern B777s and B787s, and extensive African network covering 49 destinations with daily and more flights.

In June 2015, Ethiopia Airlines will further be extending travel between Africa and the U.S. by adding Los Angeles as their second point in the U.S. Other flights will be connecting Addis Ababa, Dublin, and Los Angeles operated with the B787s, which offers unmatched on-board comfort, a direct flight with high standard of service connecting Africa with Ireland and the West Coast of the United States.

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FOCUS

U.S F I R M S I N A F R I CA

HOW THEY MADE IT

BY GISCARD AYISSI

R

avaged by decades of civil war in different part of the continent, corruption and different types of diseases, the outlook or the Continent future outlook was darkened and no prospects at all for experts who viewed the natural resources of the continent as a curse. Economists, experts and writers were sharing the same prospects on Africa since its independence; failure of the news states.

But today, the reality is different. the continent has seized with its bloody and dark past, pushing economists on development and Experts of yesterday are reviewing their outlook of Africa trade and development with a lot of optimism. Today, American, Asia and

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U.S AFRICA TRADE

20 years ago, Sub-Saharan Africa struggled with political unrest, poverty and disease, including the current Ebola outbreak in West Africa. But last decade has brought a sea change in its economic performance and the perceptions of its future.

For decades, Africa has been a desperately a continent looking for investment.

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European firms are battling to tab into the continent large potential and natural resources.

For the last 2 decades, there have been clear improvements in areas of governance, health and farming, experts said. As a whole, sub-Saharan Africa's economy is expected to grow at nearly 6% a year on average over the next decade, the fastest of any region in the world.

If European firms have been present in Africa after the independence of their former colonies, de facto, it is a new reality. African countries can now choose their trade partners, and opened their doors to new investments.

Where is U.S firms in this big picture? U.S Firms has been present in Africa, The United States has maintained an official presence in South Africa since 1799, which means that U.S has been doing business in Africa for long, when an American consulate was opened in Cape Town, before the creation of Liberia by the U.S Liberia was founded by the United States while occupied by local Africans beginning in 1820. This shows the long history of trade between U. S and Africa. Since then, there has been a steady trade between U.S and Africa countries. U.S firms have been spread throughout the continent in different industries.

IN HOTEL AND RESORT More than 20 Hilton Hotel stand in Africa biggest cities, Marriot Hotel, another American chain is eager to expand its brand in the continent. It is the largest U.S Hospitality Group in Africa. Last year, in April 2014 Alex Kyriakidis, the chain’s president for the Middle East and Africa, in an interview in Cape Town, with Bloomberg was proud to announce that 25 Marriott brand hotels under construction in seven countries in Africa that will come on stream over the next four years,” yesterday. The new hotels will be in Benin, Gabon, and Ghana, Ethiopia and Mauritius and their plans to be in 16 countries in Africa by 2017.”

IN RETAIL INDUSTRY, Wal-Mart, is not missing the opportunity to expand in the continent, especially in the biggest and fastest-growing economies — Nigeria, South Africa, Angola and Ethiopia. Africa's middle-class consumer base continues to broaden, paving the way for retailers.

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ENERGY SECTOR General Electric has been a successful growth partner in the Middle East and Africa since 1898. From Egypt, with Africa locations in Algeria, Angola, Egypt, Ghana, Kenya, Nigeria, and South Africa, GE Energy has built long-standing relationships with the region’s leading organizations to deliver advanced technology solutions forregional challenges.

GE Energy provides a host of advanced solutions in water, oil & gas, and energy delivery technologies. Caterpillar is vying for a stronger foothold in Africa. Caterpillar Inc., the giant maker of construction equipment, vying for a stronger foothold in Africa, is selling more trucks to Mozambique and Zambia.

Harley-Davidson Inc. is opening dealerships in Botswana and Mauritius. Harley has dealers in Morocco, Egypt and South Africa and expects to open more in Botswana, Mauritius, Namibia and Angola General Electric Co. has its first aircraft-leasing office in Ghana for Central and West African airlines.

Google Inc, and IBM are among the dozens of other U.S. companies moving in or expanding.

BEVERAGE INDUSTRY Few American companies have been entrenched in Africa for decades. Coca-Cola Co. established its first African bottling plant in 1928, in Johannesburg, and its soft drinks now are available throughout the continent.

PEPSI PepsiCo (AMEA), which includes all beverage, food and snack businesses in AMEA, excluding South Africa, either independently or in conjunction with third parties, makes, markets, sells and distributes a number of leading snack food brands in Africa.

FOOD INDUSTRY McDonald is present. In Africa, McDonald’s has outlets in Egypt, Mauritius, Morocco and South Africa. McDonald’s will look at a number of nations for restaurant locations in Africa, which is expected to be part of the fast-food chain’s future growth strategy.

Burger King last year opened its first restaurant in South Africa and said that it would look to open outlets in Botswana, Mauritius, Mozambique, Namibia, Zambia and Zimbabwe, without specifying a time period.

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AUTO INDUSTRY In a market share by European makers such as Peugeot, Renault, BMW, Volkswagen, Mercedes, Fiat, Rang Rover, and Japanese, Toyota, Honda, Mutshibishi, Nissan, the U.S auto makers Ford is present in 22 countries in Africa. While Chrysler, and Dodge.

AERONAUTICS Africa is forecasting to require about 1,100 new airplanes over the next 20 years, Boeing hope to share the market of Single-aisle airplanes will continue to be the largest

segment of African airline deliveries. They can serve the majority of routes in Africa's top three markets, where their versatility and ability to provide higher service levels make them attractive.

Hercules aircraft operational in Africa as well as numerous F-16s in certain North African countries, Lockheed Martin’s new international division will devote both time and energy to the continent.

DEFENSE INDUSTRY

OIL INDUSTRY

“There are more than 120 Hercules aircraft operating in Africa, both C-130 and L-100 variants.

In addition in North Africa Lockheed Martin has F-16s in countries such as Egypt and Morocco while Tunisia has taken delivery of its first C-130J. With more than 120

Exxon Mobile… ExxonMobil has been present in Africa for over 100 years and Africa has represented 25% of Exxon Mobile over the last five years.

Today, ExxonMobil sells fuel in over 30 African nations through a network of almost 2,000 Essor Mobil-branded service stations.

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WHAT MAKES U.S FIRMS SO SUCCESSFUL IN AFRICA? TRADE AGREEMENT The United States-Morocco have a Free Trade Agreement is a comprehensive agreement that supports the significant economic and political reforms that are underway in Morocco and provides for improved commercial opportunities for U.S. exports to Morocco by reducing and eliminating trade barriers.

Some U.S firms receive exemption of import duty preference for all capital equipment needed for the promotion and development of the project.

While other have received loans from Exim Bank of the U.S and others government agencies assistance such as USAID and Export. gov brings together resources from across the U.S. Government to assist American businesses in planning international sales strategies and succeeding in today's global marketplace. Export.gov was also created to provide better customer service for businesses interacting with the Federal Government .From market research and trade leads from the U.S. Department of Commerce's Commercial

Service to export finance information from Export-Import Bank Small Business Administration to agricultural export assistance from USDA, Export.gov helps American exporters navigate the international sales process and avoid pitfalls such as non-payment and intellectual property misappropriation.

The Overseas Private Investment Corporation (OPIC) is an agency of the United States Government established in 1971 that helps U.S. businesses invest overseas and promotes economic development in new and emerging markets. And finally, United States Trade and Development Agency (USTDA), which is a foreign assistance agency advances economic development and U.S. commercial interests in developing and middle-income countries.

The agency accomplishes its mission by providing grant funding to overseas project sponsors for various activities, including technical assistance, feasibility studies, and training. U.S presence to Africa will continue to grow as the continent middle class.

Having efficient policies for trade between U.S and Africa will not only built a solid market but also in the future will be a momentum for U.S firms ready to take advantage of opportunities offered to them by the government and its agencies and the Africa countries incentives.

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BUSSINESS AFRICA

US AFRICA TRADE: WHAT TO EXPECT IN 2015

BY JACKSON ETA The U.S. Department of Commerce will host its next Trade Winds Conference and Mission in Africa in 2015.

The U.S. Department of Transportation announced that Secretary Anthony Foxx will lead a transportation mission to Africa in early 2015

• •

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U.S Congress would extend AGOA V AGOA extends GSP (Generalized System of Preferences) for eligible Sub-Saharan African beneficiaries until September 30, 2015. Sub-Saharan African beneficiary countries are also exempted from competitive need limitations which cap the GSP benefits available to beneficiaries in other regions.

AGOA will expand the list of products which eligible Sub-Saharan African countries may export to the United States subject to zero import duty under the Generalized System of Preferences (GSP). While general GSP covers approximately 4,600 items, AGOA GSP applies to more than 6,400 items. AGOA GSP provisions are in effect until September 30, 2015.

2014 US AFRICA TRADE DATA Note: All figures are in millions of U.S. dollars on a nominal basis, not seasonally adjusted unless otherwise specified. Details may not equal totals due to rounding.

Month

Exports

Imports

Balance

January

2,757.7

2,662.7

95.0

February

2,842.3

2,727.5

114.8

March

3,025.4

3,065.0

-39.7

April

3,603.9

3,122.6

481.3

May

3,964.2

3,186.8

777.4

June

3,180.3

2,739.2

441.1

July

3,179.6

3,012.9

166.7

August

3,416.8

3,024.0

392.9

September

2,601.9

2,774.9

-173.0

October

3,353.1

2,825.2

527.9 U.S census bureau

ENERGY

Exxon mobile and the fall of oil price in africa

BY MICHEL LEANDRIN

F

all of oil prices has forced most African government to adjust their economic growth and budget. For Africa, the slump in the price of crude is a double-edged sword - good for importers, because they see the repercussions on the cost of their transportation, which years after years has been increasing dramatically, and also, the decrease of oil price means lower price of basic products such as food.

Meanwhile for African oil producer’s countries, it was a bad news.

2014 was a nightmare for oil investors and oil exporters, in the continent, where natural resources, like oil is the only way to generate states revenue that will enable them to invest in, and pay their states workers. Countries really hit by the drop of oil prices is Nigeria, Equatorial Guinea , Algeria, Angola, Congo DRC, Libya, Sudan, and Tchad to name but these.

The price of oil has been falling and the drop was top of the agenda at November's Organization of the Petroleum Exporting Countries (Opec) meeting in Vienna. If these situation endured to next year, many of these countries have to either turn to World bank to financing

U.S AFRICA TRADE

or China investment Bank for cash or face budget cut in large scale; a situation that can be positive for their population, but at the same time will be detrimental; because a decrease of oil means less investment and less investment translates in a weak economic, struggle in the fight against the poverty.

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2015

19

INVESTMENT

U.S. Supports african tech start ups

W

hether it’s the 16 mobile apps i n Botswa na that Jim Goetz mentioned in his take on Facebook’s acquisition of WhatsApp; the launch of I BM’s new innovation centers in Lagos and Casablanca; Microsoft’s partnership with three incubators in Africa, or the African Development Bank’s recent summit on how to engage the private sector more effectively, African entrepreneurship is on investors’ minds. In fact, 2013 was the most active year for technology investment on the continent, according to data from Crunch Base. And Africa’s community of entrepreneurs is only growing. Those IBM Innovation Centers in Lagos and Casablanca will give founders of new tech companies’ access to IBM technology and expertise around big data, analytics, and cloud computing, as well as skills training and business and marketing support.

From the largest technology companies to early stage investors, American high tech companies and venture capitalists are increasingly supporting startups across the African continent.

Africa’s technology revolution is a function of the dramatic

20

From the largest technology companies to early stage investors, American high tech companies and venture capitalists are increasingly supporting startups across the African continent. rise in access to cheaper bandwidth and the proliferation of mobile devices and the development of a home-grown market for content and commerce “The availability of bandwidth in Africa increased by a factor of 200 over the last two years, and now this bandwidth is propagating inland from the coast” said Intel Capital’s Hejka. “Furthermore, wholesale prices of bandwidth have dropped 90% in the past two years.”

Indeed, the development of Africa’s technology infrastructure and ecosystem is happening at breakneck speed. “Africa is getting everything at once and there might be a risk of it being too much at once,” said Mbwana Alliy, the founder of the seed-stage investment firmSavannah Fund. “A lot of things are happening at once: smartphones and undersea cables at once and private equity investors and startup accelerators at once.”The startups in Alliy’s

U.S AFRICA TRADE

JANUARY

accelerator have managed to ride the surge of interest. Five out of the ten companies he’s backed have already raised subsequent rounds of financing.

“Is there a Series A crunch that I’m experiencing here? Not really,” he said.International investors, both private equity firms and technology-focused investors have already staked claims across the continent and are backing new companies.

Private equity firms like Actis, Abraaj Group, Helios Investment Partners, and Emerging Capital Partners have been active in the market for years, but tech investors like Rocket Internet and Tiger Global Management have recently joined the fray.

Some of private equity’s heaviest hitters like The Carlyle Group are investing in the continent now.

Rocket alone will commit roughly $200 million to its African Internet Holding portfolio company.

Source: grt 2015

BIZ DIASPORA

Ebola affects africans’ businesses in minnesota

BY JAMES WALKER

T

hey came from different horizon in Africa to look for the American dream. These men and women from Africans origin, have been welcome to the� promise land.� Green card holder Permanent Resident Card, from the lottery, administered on an annual basis by the Department of State and conducted under the terms of Section 203(c) of the Immigration and Nationality Act (INA), Section 131 of the Immigration Act of 1990, and amended INA 203 to provide for a new class of immigrants known as "diversity immigrants" (DV immigrants); an Act makes available 55,000 permanent resident visas annually to natives of countries deemed to have low rates of immigration to the United States, refugees from former African country formerly in war, or Asylum for those who are persecuted for political aspirations, for their belief or sexual orientation, these Africans, just settle to the U.S have different options for their social integration.

For those who choose to establish a business in the U.S, there are numerous investment opportunities. The Somalian Mall of Minnesota is an illustration of a shops cluster, where varieties of products from West and East Africa can be found. For those businessmen and women, business is sustainable due to the strong presence of Somalians and Ethiopian communities around the Somalian Mall.

The shopping mall houses about 150 Somali businesses. A business place turned to East Africa and Muslims community and has not being immune of Ebola effects.

Many tenants here agree that after the outbreak, they have seen a decrease of their business activities. In Brooklyn Park, Minnesota, considered to be the home of a large Liberia community, Africans businesses are spread around the county; most of them being small grocery stores. After fear surrounding Ebola that affected some of them were forced to close. Africans businesses in Minnesota have seen a drop on their customers. However, if sectors such as mechanic, social services, and health care, where some Africans invested were less vulnerable. there is a consensus among all these business owners: to declare a business in Minnesota and in the U.S is easier. The procedures are simplified, making business ownership a simple and fast process.

For those who chose to establish a business in U.S, there are numerous investment opportunities.

U.S AFRICA TRADE

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2015

21

YEAR OF U.S AFRICA TRADE

BY ADELINE BERTRAND

Year 2014 was a turning point for U.S and Africa trade. It was a new era set by the Obama administration.

• May 18-24, 2014 Secretary of Commerce Penny Pritzker led an Energy Business Development Mission to West Africa with stops in Ghana and Nigeria. This trip also helped the African region develop and manage energy resources and systems, build out power generation and transmission, and distribution.

• August 4-6 2014 U.S AFRICA leaders’ Summit advanced the Administration’s focus on trade and investment in Africa and highlighted America’s commitment to Africa’s security, its democratic

22

development, and its people.

• It highlighted the depth and breadth of the United States’ commitment to the African continent, advanced our shared priorities, and enabled discussion of concrete ideas to deepen the partnership.

The Summit was about fostering stronger ties between the United States and Africa.

The theme of the Summit was "Investing in the Next Generation." US-Africa summit in Washington was attended by 35 presidents, nine prime ministers, three vice presidents, two foreign ministers.

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• October 27-30, 2014 Secretary Lew to Visit Egypt, Tanzania, South Africa.

On Monday, October 27, Secretary Lew visit in Cairo, Egypt. The Secretary met with Egyptian Finance Minister Hany Dimian and Central Bank Governor Hisham Ramez. While in Cairo, Secretary Lew will also meet with young Egyptian entrepreneurs.

• On Tuesday, October 28, Secretary Lew visit in Dar es Salaam, Tanzania. The Secretary met with Tanzanian Finance Minister Saada Mkuya Salum. Additionally,

2015

Secretary Lew met with a diverse group of business leaders for a roundtable discussion on the state of the global and regional economy, hosted by the American Chamber of Commerce in Tanzania.

• On Wednesday, October 29, the Secretary went to Johannesburg, South Africa and met with business leaders to discuss investment and economic growth in South Africa, including power sector financiers and investors engaged with President Obama’s Power Africa initiative.

• On Thursday, October 30, secretary Lew

went to Pretoria, South Africa, Secretary Lew met with South African Finance Minister Nhlanhla Nene.

• 05 November 05, 2014, Commerce Secretary Pritzker at Discover Global Markets at Sub-Saharan Africa Business Forum in Atlanta, Georgia • November 5, 2014, U.S. Secretary of Commerce Penny Pritzker Appoints Advisory Council to Advance President's Business Priorities for Africa.

• November 2014 Secretary Lew concluded a trip to Africa, visiting Egypt, Tanzania,

U.S AFRICA TRADE

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and South Africa meetings with senior government officials, business leaders, entrepreneurs, and others in the region.

Notably, the trip provided a platform to highlight Power Africa and Trade Africa, initiatives spearheaded by President Obama that build partnerships to support African development, trade, and investment.

This trip also provided an opportunity for Secretary Lew to reaffirm the commitments made during the U.S.-Africa Leaders’ Summit in Washington, D.C. this August.

2015

23

INITIATIVE

U.S.-middle east partnership initiative (mepi)

BY JACKSON ETA

The U.S.-Middle East Partnership Initiative offers assistance, training, and support to groups and individuals striving to bring positive change to the Middle East and North Africa

M

i ddle E a st Pa rt n er sh i p Initiative (MEPI) offers assistance, training, and support to groups and individuals striving to bring change to the Middle East and North Africa. MEPI supports projects in 15 countries and territories, partnering with civil society organizations, community leaders, youth and women activists, and private sector groups to advance their efforts to create positive change in their societies.

The U.S.-Middle East Partnership Initiative (MEPI) seeks single-country proposals for its Local Grants program. The Local Grants Program serves as MEPI’s most direct means of supporting organizations and individuals in the Middle East and North Africa. These

24

grants are designed to: Promote positive change, advocacy, and civic activism; strengthen civil society; support citizens' efforts to achieve economic, social, and political empowerment; expand opportunities for women and youth; strengthen the rule of law; develop independent media; and Help communities work alongside governments in shaping their own futures.

The U.S.-Middle East Partnership Initiative offers assistance, training, and support to groups and individuals striving to bring positive change to North Africa and Middle East.

Through demand-driven grants and cooperative agreements, MEPI supports projects, partners with civil society organizations, community leaders, youth and women activists,

U.S AFRICA TRADE

JANUARY

private sector groups, and others to advance their efforts to foster positive changes in their societies.

Maximum Award Amount: $150,000 and minimum Award Amount: $25,000. The program is committed to an anti-discrimination policy in all of its projects and activities and welcomes proposals irrespective of the applicant’s race, ethnicity, color, creed, national origin, gender, sexual orientation, or disability, invite applications from organizations working with minority, disenfranchised, and lesser-served communities, including women and youth. MEPI is also interested in proposals that involve the participation of persons with disabilities.

2015

OPINION

From second to first, how u.S can regain trade edge in africa

BY GISCARD AYISSI

A

frica has a middle class larger than India. Over the past two decades U.S firms have been the main actor in terms of African infrastructure development, with its companies racking up huge profits constructing highways, ports, airports, and railway systems. Due to the continent lack of roads and electrical power, U.S firms implication in these sectors will be a game changer. To regain the edge in Africa, U.S firms have many challenges ahead. Africa should be rethink and its development together. Seeing Africa under the prism of raw materials will be underestimating its huge human potential. To regain the continent, without neglecting investment on infrastructures, U.S firms should base their strategy in just two pillars while investing in infrastructures and energy.

BOOSTING U.S BRANDS In Africa, Washington is mostly known today for fighting against terrorism in the Middle East and security than business. These priorities of the U.S have eroded the image of its products and kept the countries, where Washington has been the first trade partners under a waiting list. Twenty years ago, U.S was known for its variety and

U.S AFRICA TRADE

standards brands rather wars and military.� Made in U.S.A was a reference for the older generation.

Reeducating Africa consumers will be the first step because consumers mind are not only haunted by that idea of U.S as the strong military rather economic power, but the accessibility of U.S products is a problem. Even though U.S firms products are known to be in good quality and meeting the standards, Africans, gradually re familiarizing consumers with U.S products will be crucial.

REEDUCATION Most countries in East and Sub-Sahara Africa have been a reserved domain to their former colonial masters.

But time has changed and the sense of freedom of trade partners’ choice has emerged over the last decades. Thus, U.S firms mistake is to think that the continent is only in needs of infrastructures and energy investment, which undeniable, however the truth is that services and education are also a potential sectors of investment, sectors, in which U.S is engaged in Asia and Middle East, ignoring Africa where almost 60% of the population is under educated with potential markets and greatest impact.

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2015

25

TRAVEL/TOURISM

ALARMING : SEX TOURISM IN AFRICA

BY FRANCIS IVO

From Limbe in Cameroon, to Abidjan in Ivory Coast or Nairobi in Kenya, tourism industry continues to attract a lot of sex tourist despite the Ebola epidemic.

W

ith its nice weather and beautiful beaches, East and West Sub-Sahara Africa have always attracted a considerable number of tourists and foreigners from around the world and middle class nationals.

If the ambiance here is fun and relaxation there is hidden part of this glossy atmosphere: Sex tourism. Despite the Ebola epidemic, from Limbe and Kribi in Cameroon, to Abidjan in Ivory Coast or Nairobi in Kenya, Johannesburg, Luanda, big cities in Africa, sex tourism

26

industry continues to boom; an unstoppable trends. Thousands of Young girls and boys are in these cities, eager to make easy money are now in this vicious circle of commercial sex tourism fueled by poverty. Mostly from abroad sex predators arriving in Africa are from all ages with the majority being older.

This situation has created a network of traffickers that everyday recruit from schools, bars and night clubs. What is the government doing? Most Africans countries condemned those practices. This tragedy is addressed by

U.S AFRICA TRADE

JANUARY

the officials. But the existence of laws aimed at stopping this phenomenon lack enforcement and efficiency. Sex offenders take advantage of the weak systems infected with corruption in most Africa countries.

Their crimes are always wiped out with cash.

The main victims of the unhuman practices are African youth and children. Pitiless, these pedophiles ripped away of their future under the powerless eyes of the societies, which unconsciously alienate a whole generation.

2015

INITIATIVE

Africa: HIV/AIDS pandemic on decline

BY MICHEL LEANDRIN

T

he AIDS epidemic is still a reality in Africa. But there is a hope on the horizon. The World Aid day celebrated December 6th, 2014, was an occasion for experts and government to evaluate what has been done so far to disease the infection rate and to reflect on better future prospects and the strategic aim not only improve the access for treatment to millions of HIV/Aids throughout the continent but also to intensify sensitization. The data published by the UNAIDS in 2014

are expressive. Around the world, 35 million people were living with HIV at the end of 2013. According to the World Health Organization 39 million people have died from HIV-related illnesses since the first HIV cases were reported in 1981 around the World. Since the Ebola outbreak, the attention of the international community, which helps Africa government pushes for more policies to fight against aid, has been turned away of the AIDS pandemic. As a result, a failure to scale up responses to the disease might put the world at risk for higher rates of infection, warned the UNAIDS. The agency detailed the steps it was taking to end the AIDS epidemic “as a global health threat� by 2030. By that time, UNAIDS is hoping to prevent 28 million new HIV infections and 21 million AIDS-related deaths. In Africa, new HIV infections declined by 33% from 2005 and 2013. In fact when it comes to fight against HIV/ AID, Africa has gained some points; an improvement that became possible through education and sensitization.

By 2030, UNAIDS is hoping to prevent 28 million new HIV infections and 21 million AIDS-related deaths.

New HIV infections declined by 33%, from 2005 and 2013

U.S AFRICA TRADE

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2015

27

TRADE AGENDA

international trade administration

Offshore West Africa 2015

When: September 1421, 2015 Trade Mission to Angola, Ethiopia, Ghana, Kenya, Mozambique, Nigeria, South Africa and Tanzania in Conjunction with Trade Winds-Sub-Sahara Africa.

When: January 20-22 2015 Where: LAGOS Nigeria Over 1,200 visitors regularly attend Offshore West Africa.

The 19th annual conference and exhibition provide visitors with a wide range of market leading products and services.

The exhibition will also present visitors with a whole host of networking opportunities

AIRCARGO AFRICA Where: in Nairobi, Kenya at the Kenyatta International Conference Center When: from the 2 - 4th of May 2015 Registration: www. expogr.com/ buildexpokenya Contact: Corporate Headquarters Level 25, Office Number: 2514, Monarch Office Tower, P.0. Box - 333840, One Sheikh Zayed Road, Dubai - UAE Tel : +971-4-3721421 Fax : +971-4-3721422 Working Hours : 9 AM - 5:30 PM (UTC+04:00)( Saturday to Thursday)

28

An Export Transaction: From the Order to Out the Door When:

2/12/2015 Where:

Ewald Conference Center 1000 Westgate Drive Saint Paul, Minnesota 55114United States How do you collect information about your product and customers so your documents are accurate and your product ships smoothly to you international customers

7TH ANNUAL BIO MANUFACTURING SUMMIT 2015 When: February 19-20, 2015, Where: Orange County, California Registration: www.biomansummit.com Contact 1 800 290 2689. North America’s leading biopharmaceutical event uncovers tomorrow’s strategies to streamline processes, enhance capacity and reduce costs. Through a combination of case studies, keynote sessions, interactive workshops and networking activities attendees come to network and exchange knowledge and expertise on the latest strategies and technologies available to improve operations in an increasingly competitive environment.

U.S AFRICA TRADE

Afro Food 2015 Date: May 14-17, 2015 Where: Cairo, Egypt register: afrofood.net E-Mail: info@ afrofood.net.

AIRCARGO AFRICA When: February 25th27th, 2015 5 Where: Johannesburg, SA, Organized by STAT Trade Times5

AUTOMATE 2015 When: March 23-26, 2015 Where: McCormick Place, Chicago, Illinois Once every two years, automate showcases the full spectrum of automation technologies and solutions. From traditional industrial applications to cutting edge new technologies, you’ll find ways to automate every process in your company...

Registration: www.automateshow.com-TEL 734.994.6088 FAX 734.994.3338----EMAIL info@automateshow.com

JANUARY

2015

AISTECH 2015 When: May 4-7, 2015 Where: Cleveland Convention Center, Cleveland, Ohio This major steel manufacturers’ event focuses on competing in the global market.

Attendees will see cutting edge innovations, learn practical, cost-cutting solutions to business challenges and have the opportunity to network with global industry leaders.

Registration: Email: memberservices@aist.org, Phone: +1.724.814.3000-Fax: +1.724.814.3001

CHAMBER OF COMMERCE

AMERICAN CHAMBER OF COMMERCE IN GHANA

BY MICHEAL LEANDRIN American Chamber of Commerce in Ghana (AMCHAM) is an association was founded in September 1989 and was originally known as the Association of American Businesses. It was formally established in August 1997 as the American Chamber of Commerce, Ghana and an affiliate of the US Chamber of Commerce. It is a voluntary association of professional and business people, working to create an environment where business can thrive between Ghanaian and American communities.

AMCHAM exists to promote commercial, economic, educational and cultural ties between the United States of America and the Republic of Ghana. The Chamber in October co-sponsored the

first US/GHANA Trade & Exhibition, with focus on expanding Trade in US and Ghana. As part of its activities to promote business efficiency in Ghana, Amcham has set up a Commercial Conciliation Center located at the Chamber's secretariat. The objective of this Center primarily is to mediate and settle commercial disputes using the Alternative Dispute Resolution (ADR) concept, which has been well received within legal and para-legal circles not only in Ghana but also in many other countries in the world.

OFFSHORE TECHNOLOGY CONFERENCE

OFFSHORE TECHNOLOGY CONFERENCE

Offshore Technology Conference Show Dates: May 5-8, 2014 Reliant Center Convention Center Houston, TX, OTC 2014 Founded in 1969, the Offshore Technology Conference organizes the world's foremost events for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. OTC is held annually at Reliant Center in Houston. OTC ranks among the largest 200 trade shows held annually in the United States and is among the 10 largest meetings in terms of attendance. Attendance consistently exceeds 70,000 and more than 2,500 companies participate in the exhibition.

OTC includes Attendees from around the globe, with more than 110 countries represented at recent conferences.

Offshore Technology Conference Show Dates: May 5-8, 2014 Reliant Center Convention Center Houston, TX, OTC 2014 Founded in 1969, the Offshore Technology Conference organizes the world's foremost events for the development of offshore resources in the fields of drilling, exploration, production, and environmental protection. OTC is held annually at Reliant Center in Houston. OTC ranks among the largest 200 trade shows held annually in the United States and is among the 10 largest meetings in terms of attendance. Attendance consistently exceeds 70,000 and more than 2,500 companies participate in the exhibition. OTC includes Attendees from around the globe, with more than 110 countries represented at recent conferences.

U.S AFRICA TRADE

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2015

29

CURRENCY SNAPSHOT

AFRICAN CURRENCIES VERSUS U.S Currency Name

Currency Code

In U.S Dollar ($ 1=)

(sorted alphabetically)

Algerian Dinar

DZD $1= DZD

83.3083 DZD

LIBERIA LIBYA

Country / Entity

(sorted alphabetically)

ALGERIA ALGERIAN DINAR

DZD

Currency Code

In U.S Dollar ($ 1=)

Liberian Dollar

LRD

84.56 LRD

Libyan Dinar

LYD

1.32 LYD

MADAGASCAR

Malagasy Ariary

MGA

2584.85 MGA

MALAWI

Kwacha

MWK

465.00 MWK

MALI

CFA Franc BCEAO †

XOF

556.52XAF

MAURITANIA

Ouguiya

MRO

291.00 MRO

MAURITIUS

Mauritius Rupee

MUR

31.80 MUR

MOROCCO

Moroccan Dirham Mozambique Metical Namibia Dollar

MAD

9.12 MAD

MZN

33.9894 MZN

RWF

686.000 RWF

ANGOLA

Kwanza

AOA

103.049 AOA

ARUBA

Aruban Florin

AWG

1.79000 AWG

BENIN

CFA Franc BCEAO †

XOF

556.52XAF

BOTSWANA

Pula

BWP

BURKINA FASO

CFA Franc BCEAO †

XOF

9.50796 BWP 556.52XAF

BURUNDI

Burundi Franc

BIF

1,568.00 BIF

CABO VERDE

Cabo Verde Escudo

CVE

1,568.00 CVE

MOZAMBIQUE

CAMEROON CENTRAL AFRICAN REPUBLIC CHAD

CFA Franc BEAC ‡

XAF

556.52XAF

CFA Franc BEAC ‡

XAF

556.52XAF

CFA Franc BEAC ‡

XAF

556.52XAF

COMOROS

Comoro Franc

KMF

CONGO CONGO, DEMOCRATIC REPUBLIC OF THE CÔTE D’IVOIRE

CFA Franc BEAC ‡

XAF

409.954 KMF 556.52XAF

NAMIBIA SOUTH AFRICAN RAND (ZAR) ALSO ACCEPTED NIGER

Franc Congolais

CDF

556.52XAF

CFA Franc BCEAO †

XOF

556.52XAF

DJIBOUTI

Djibouti Franc

DJF

178.000 DJF

EGYPT EGYPTIAN POUND EQUATORIAL GUINEA ERITREA

CFA Franc BEAC ‡

XAF $1= EGP

515.001XAF

EGP

10.4700 ERN

STD

20.360.00 STD

XOF

556.52XAF

SEYCHELLES

Seychelles Rupee

SCR

556.52XAF

SIERRA LEONE

Leone

SLL

4230.00SLL

SOMALIA

Somali Shilling

SOS

724.95 SOS

SOUTH AFRICA

Tanzanian Shilling

1107.05 TZS

ZAR

TZS $1= ZAR

ERN

10.4700 ERN

SOUTH SUDAN

ETHIOPIA

Ethiopian Birr

ETB

20.3500 ETB

GABON

XAF

SUDAN

CFA Franc BEAC ‡

GAMBIA

Dalasi

GMD

515.001XAF 42.6000 GMD

GHANA

Ghana Cedi

GHS

3.21500 GHS

GIBRALTAR

Gibraltar Pound

GIP

0.652422 GIP

GUINEA

Guinea Franc

GNF

7,2115.00 GNF

LSL

11.0342 LSL

LESOTHO

90.7500 KES

LSL

11.7059 LSL

U.S AFRICA TRADE

Naira

556.52XAF 183.45 NGN

Nakfa

KES

XOF

689.00 RWF

RAND

Loti South African Rand (ZAR) also accepted

CFA Franc BCEAO †

13.6858 SCR

RWF

556.52XOF

92.4999 LRD

NAD

NGN

NIGERIA

XAF

GWP

NAD

RWANDA Rwanda Franc SAO TOME AND Dobra PRINCIPE SENEGAL CFA Franc BCEAO †

CFA Franc BEAC ‡

GUINEA-BISSAU Guinea-Bissau Peso CFA FRANC BCEAO ALSO GWP ACCEPTED KENYA Kenyan Shilling

30

8.8454 AOA

Currency Name

Country / Entity

SWAZILAND TANZANIA, UNITED REPUBLIC OF TOGO

515.066 XOF

South Sudanese Pound Sudanese Pound

SDG

5.69 SPG

Lilangeni

SZL

11.70 SZL

Tanzanian Shilling

TZS

1738.45 TZS

CFA Franc BCEAO †

XOF

556.52XAF

SSP

$ 1 = SSP

TUNISIA

Tunisian Dinar

TND

1.88 TND

UGANDA

Uganda Shilling

UGX

2784.00 UGX

ZAMBIA

Kwacha

ZMK

5250.81 ZMK

ZIMBABWE

Zimbabwe Dollar

ZWD

361.900 ZWD

Source: International Standards Organization. T is currency list table data was last updated January 2015

JANUARY

2015

AFRICA IS THE NEW FRONTIER

54

states, 54 Investment Opportunities Join other U.S companies already established in Africa Let us be part of your success. Find better place to Export in Africa with us.

7900 International Drive,Bloomington, MN suite 300 Phone: 6512469036. Email: usafricatrad@gmail.com. Web: www.usafricatrade.org