Category: NIGERIA USA NEWS

  • Africa: U.S.-Africa Business Summit in Marrakech – Four Questions to the CEO of Corporate Council On Africa

    Africa: U.S.-Africa Business Summit in Marrakech – Four Questions to the CEO of Corporate Council On Africa

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    Washington — The 14th edition of the US-Africa Business Summit kicks off on Tuesday in Marrakech, at the initiative of the “Corporate Council on Africa” (CCA), under the theme “building the future together”.

    Held under the High Patronage of His Majesty King Mohammed VI, the summit “provides an excellent opportunity to highlight the synergies of the U.S-Morocco, Morocco-sub-Saharan Africa, and broader U.S-Africa economic relationship”, CCA president and CEO, Florie Liser said, recalling that Morocco is the only African free trade agreement partner and “can lead the way in showing how to enhance the U.S-Africa trade relationship”.

    In an extensive interview with the Moroccan News Agency (MAP) in Washington, she talked about the main topics and objectives of the summit, its significant after two years of the pandemic and in a context of increased geopolitical tension and risks of economic fragmentation with important impact on Africa, and the role of private sector and the need of more robust public-private partnership to ensure sustainable and inclusive growth.

    Ms. Liser is the first woman to lead the Council since its founding in 1993. She brings to her role a strong track record of working with the private sector to translate policy into action. Before her current role, she was the Assistant U.S. Trade Representative for Africa since 2003.

    1- The 2022 edition of the US-Africa business Summit is organized under the High Patronage of His Majesty King Mohammed VI. How do you assess Morocco’s role in strengthening the strategic partnership with the United States and enhancing investment, business, and two-way trade with the continent?

    At the outset let me offer my profound thanks to the government of the Kingdom of Morocco for partnering with CCA in hosting the 2022 Summit. We are greatly honored that the Summit is being held under the High Patronage of His Majesty King Mohammed V1.

    The Summit provides an excellent opportunity to highlight the synergies of the U.S-Morocco, Morocco- sub-Saharan Africa, and broader U.S- Africa economic relationship. Morocco is the only African free trade agreement (FTA) partner and can lead the way in showing how to enhance the U.S-Africa trade relationship with key bilateral partners such as Kenya as well as through the AfCFTA.

    Morocco is also one of the largest investors in sub-Saharan Africa, and potential partnerships linking U.S. and Moroccan investors into key sectors and projects across the African continent is something we hope can be sparked by the Summit deliberations. Improving energy and transportation infrastructure, addressing climate change and food security, and digitizing trade are other areas ripe for US.-Africa government and private collaboration and investment that will be vital to supporting African economic and sustainable growth, creating jobs and enhancing the prosperity of both African and Americans.

    2- Is there a particular significance to this year’s summit which comes after almost two years of the pandemic and in a context of increased geopolitical tension and risks of economic fragmentation with important impact on Africa?

    This year’s U.S.-Africa Business Summit comes at an important time when countries and businesses are re-emerging from the health and economic impact of the COVID 19 pandemic as well as the current Russia-Ukraine conflict – both of which have significantly affected global trade and investment patterns for both the United States and its African public and private sector partners. African and At CCA, we believe in the promise and great potential of U.S.-Africa business relations. Africa is not monolithic: its countries represent a diversity of history, culture, people, and language. While Africa is complex, its strategic and economic relevance to the United States is clear.

    By the year 2025, more than half the population of Africa will be under age 25. By 2050, a quarter of the world’s population will be African, and Nigeria will surpass the United States as the third most populous country in the world. In that same year, two in every five children will be born in Africa. By 2100, 13 of the world’s 20 biggest urban areas will be in Africa. The continent is already one of the fastest growing consumer markets in the world with 1.4 billion people, and its growing middle class and large youth population represent significant export opportunities for U.S. goods and services. A productive youth population not only expands U.S. market opportunities but also reduces the conditions that foster global insecurity.

    In terms of Africa’s economic fragmentation, the adoption and implementation of the African Continental Free Trade Area Agreement (AfCFTA) will be a game changer for Africa. Africa is poised to become one of the world’s most important economic regions. When the 54-country African Continental Free Trade Area (AfCFTA) is fully implemented, it will comprise the fifth-largest economic bloc in the world, representing a huge source of jobs, consumers, innovation, and power to shape the global economy. Beyond eliminating barriers to infra-African trade, the AfCFTA will also advance Africa’s integration into regional and global value chains including with the United States. The AfCFTA will also potentially incentivize investment by U.S. and other companies into value-added manufacturing on the continent in key sectors such as pharmaceutical and medical products and batteries for electric vehicles.

    3- The Summit is drawing high-level government officials, including heads of states and business leaders. Could you walk us through the main topics on the agenda and how can the Summit help tackle urgent issues like global food shortages, inflation, the persistence of Covid-19 and the effects of global warming which again severely impact many African countries?

    The upcoming U.S.-Africa Business Summit theme will be “Building Forward Together” will bring together U.S. and African government and private sector leaders to engage on several critical issues impacting the U.S.-Africa economic relationship. We are pleased that there will be sessions on building a sustainable food ecosystem, Africa’s production of medical products, net zero energy transition, building infrastructure, narrowing the digital divide, bringing African African stories to the global streaming audience, and investing in women and youth to name just a few. There will also be special sessions on investing in Botswana, Ghana, Morocco, and Cameroon, as well as opportunities to pitch to U.S. institutional investors, and to learn about USG initiatives like Prosper Africa.

    We know from past CCA Summits that business connections are made, deals solidified, and new U.S.-Africa partnerships are launched or announced and anticipate that this year’s Summit – our first in North Africa – will be similarly successful.

    4- While the world is navigating a path forward through these crises. How can business and investment between the USA and Africa help build forward around strategic sectors such as health, financing, energy, infrastructure … ?

    Collaboration between governments and the private sector is critical to Africa and the U.S. building forward together around strategic sectors and effectively addressing a range of global challenges. For example, the U.S. government and private sector worked collaboratively with African nations and private sector partners to meet the unprecedented challenges caused by the COVID-19 pandemic. Ensuring more equitable vaccine access has been a key first step that has offered businesses in sectors ranging from health to ICT a unique opportunity to work together to meet Africa’s public health needs.

    Both companies and governments have had to scramble over the last two years to deal with unexpected and profound shocks to supply chains. There is a great opportunity in 2022 and beyond for companies and governments to develop a more resilient, secure set of supply chains and expand their collaboration to create new markets. CCA hopes, through its U.S.-Africa Health Security and Resilience Initiative (HSRI), to bring both U.S. and African public and private sector stakeholders together to discuss ways to collaborate on not only fighting COVID, but also building stronger African health systems. HSRI is a good example of the potential for collaboration to deliver real results.

    There is also a strong need for U.S.-Africa public-private collaboration to strategically address the impact of the Ukraine war on Africa, its agricultural sector, and people. Africa’s hundreds of millions of smallholder farmers, who already face challenges in accessing and using the latest and best technology to increase productivity, are now being hit by increased global commodity prices.

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  • Jury selection begins in trial of Trump aide Bannon | The Guardian Nigeria News

    Jury selection begins in trial of Trump aide Bannon | The Guardian Nigeria News

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    Jury selection begins Monday in the trial of former Donald Trump advisor Steve Bannon for defying a subpoena to testify before lawmakers investigating the attack on the US Capitol.

    Bannon, who led Trump’s successful 2016 presidential election campaign, was among dozens of people called to testify about the storming of Congress by Trump supporters.

    Bannon was indicted on two charges of contempt of Congress after refusing to testify to a House of Representatives committee probing the violence.

    His lawyers sought to delay the start of the trial so that it would not take place at the same time as the committee’s public hearings, but the judge refused last week.

    Thousands of Trump supporters, many associated with ultra-nationalist and white supremacist groups, stormed the Capitol on January 6, 2021 in an effort to block the certification of Democrat Joe Biden’s election victory.

    They had been egged on by Trump in a fiery speech during which he repeated his false claims of election fraud.

    According to the House committee probing the riot, Bannon spoke to Trump the previous day.

    Investigators believe Bannon and other Trump advisors could have information on links between the White House and the rioters.

    After refusing to testify for months, Bannon finally agreed to cooperate with the investigation, a move prosecutors said was a “last-ditch attempt to avoid accountability” by stalling his trial for contempt.

    Judge Carl Nichols ruled it should go ahead anyway, saying “I see no reason for extending this case any longer.”

    If convicted of contempt, Bannon, 68, faces a minimum sentence of 30 days and a maximum of one year in prison on each count.

    He was Trump’s strategy chief at the White House before being sacked in 2017.

    Bannon was charged with conspiracy to commit wire fraud and money laundering after allegedly defrauding thousands of donors to a campaign to fund Trump’s anti-migrant wall along the southern border.

    In Trump’s final hours in office, he pardoned Bannon.

    More than 850 people have been arrested in connection with the attack on Congress. The assault left at least five people dead and 140 police officers injured.

    Trump was impeached for a historic second time by the House after the riot — he was charged with inciting an insurrection — but was acquitted by the Senate.



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  • Liberia: Govt Contracts Another Lobbyist to ‘Make Things Happen in Washington At a Fee of U.S.k Per Month

    Liberia: Govt Contracts Another Lobbyist to ‘Make Things Happen in Washington At a Fee of U.S.$75k Per Month

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    Monrovia — The George Weah government is striving its way through in Washington, having been criticized for not having a good rapport with the United States evidenced by the fact that Pres. Weah is yet to have a one-on-one with a sitting U.S. President since he took office about five years ago.

    The administration has from time to time hired some of the best lobbyists in the United States to push its interests at Capitol Hill in Washington D.C. However, not much great news has come out of these engagements on which the government spends hundreds of thousands of United States Dollars – taxpayers’ money.

    FrontPageAfrica has obtained a copy of the latest contract signed by the Liberian government and a lobbyist at a monthly fee of US$75,000 to be paid quarterly for a period of one year.

    The lobbying contract was signed on June 24, 2022, between the Government of Liberia and Ballard and Partners.

    The Minister of Finance, Samuel D. Tweah, and the Minister of Justice, Cllr. Frank Musa Deah signed on behalf of the Liberian government while Brian Billard, president of the firm, Ballard and Partners, signed on his firm’s behalf.

    According to the contract, “It shall be the Firm’s duty to consult with the Client [the Government of Liberia] and advocate on its behalf those issues the Client deems necessary and appropriate before the US Federal government, issues, and objectives may include but are not limited to, enhancing US-Government of Liberia bilateral relations, developing trade, investment and business opportunities. It shall further be the Firm’s duty to inform the Client of developments in legislation and policy relevant to the Client’s issues and objectives.”

    The contract further states: “The Firm shall receive from the Client a fee of $75,000 a month, payable in quarterly installments for this agreement, plus the reasonable costs associated with the representation, including but not limited to, necessary registration fees: and travel expenses such as overseas hotel, airfare, car services, and meals, excluding costs typically associated with the operation of an office, such as overhead, staff, and equipment. The fee shall be paid in quarterly installments of $225,000 with the first installment being due immediately upon execution of this agreement; the second installment due on September 24th; the third installment due on December 24th; the fourth installment due on March 24th; and continuing to be due on a quarterly basis until the termination of the agreement. The Firm will bill its costs quarterly.”

    The contract comes in three months ahead of the UN General Assembly when President Weah would be expected in the United States to address the United Nations.

    President Weah has often been criticized for not having the opportunity to have any one-on-one meeting with the President of the United States – from former President Donald Trump to President Joe Biden and his government has been highly criticized by the U.S. for its failure to address to corruption and significantly improve governance. He’s also yet to pay any state visit to the United States.

    In September last year, the Liberian government appointed Liberal CNN Analyst Bakari Sellers as lobbyist in Washington to improve the country’s image that has been tarred by recurring reports on human rights abuses and corruption.

    Sellers was appointed to arrange high-level interactions with the United States of America government and build a “positive and correct image” of the George Weah-led government among the US policymakers, Fox News reported.

    In 2019, the government contracted the services of a former operative for Pro-Trump Super Pac to lobby for the administration in Washington. Jake Menges deal was US$25,000 a month.

    His work was to offer offer “business development and government affairs advice” to Liberia’s government, including “representation before the leaders of the House and Senate as well as representatives in the Department of Commerce, Transportation, Treasury, Agriculture and Energy,” according to a contract filed with the Justice Department.

    The regime of Weah’s predecessor Ellen Johnson-Sirleaf saw visitations by high-profile US government officials, including then-sitting President George W. Bush, Secretary State Hilary Clinton, former first lady, Michelle Obama, and others.

    Sirleaf regime’s relationship with KRL yielded enormous benefits, with the Sirleaf government benefiting from millions of dollars in donor assistance and foreign direct investment.

    KRL was the company of record for the two terms of President Sirleaf and led the global advocacy push during the Ebola crisis in Liberia in 2014, where the United States approved an amount of US$500 million in urgent supplemental appropriations and deployed the 101st Airborne to Liberia to assist in building a logistical bridge to fight Ebola.

    During the early days of the Weah Administration, KRL announced that it signed up a one-year agreement to support President Weah and his administration’s Pro-Poor Agenda for Prosperity and Development (PAPD).

    According to the KRL statement in January 2020 the one-year agreement included increasing donor support and foreign direct investment in critical economic sectors of Liberia.

    President Weah has seen an immense drop in foreign support to Liberia through different programs, contrary to the Sirleaf regime which witnessed huge international goodwill and support for Liberia.