http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 15.07Change: 0.05
R/$ = 13.43Change: 0.02
Au 1132.88 $/ozChange: -2.61
Pt 1013.00 $/ozChange: -3.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
May 24, 2011

Agoa forum to focus on infrastructure for trade

Back
Africa|Building|Export|Ports|rail|Roads|Sustainable|Africa|Zambia|Energy|Logistics|Services|Infrastructure
Africa|Building|Export|Ports|rail|Roads|Sustainable|Africa|Zambia|Energy|Logistics|Services|Infrastructure
africa-company|building|export|ports|rail|roads|sustainable|africa|zambia|energy|logistics|services|infrastructure
© Reuse this



Trade-facilitating infrastructure development is set to emerge as a central theme of the upcoming African Growth and Opportunity Act (Agoa) Forum that will take place in Lusaka, Zambia, next month.

The forum, which is assembling for the tenth time, could attract up to 800 African and US government, business and civil society leaders, including US Secretary of State Hillary Clinton and Trade Representative Ron Kirk.

Convening under the theme ‘Enhanced trade through increased competitiveness, value addition and deeper regional integration’, the gathering will take place from June 7 to 10, 2011, with a Ministerial session scheduled for June 9 and 10.

In 2010, the US exported goods and services worth $17,1-billion to Africa, while its imports from the region were $64,3-billion – steady growth from exports of $5,9-billion and imports of $23,4-billion prior to the implementation of the Act in 2000. Therefore, the US continues to regard Agoa as the “centrepiece” of its African trade and investment policy and President Barack Obama’s administration is seeking to again extend the Act beyond its 2015 expiration date to 2025.

As with previous forums, the focus will be on promoting trade, business and investment opportunities. But the Lusaka event will also interrogate ways for the 37 sub-Saharan African beneficiaries of Agoa to more fully exploit the favourable terms on offer from the world’s largest economy.

There is a broad acceptance that Africa’s underdeveloped trade-supporting infrastructure – from roads and rail, through to ports and communication networks – is continuing to limit uptake.

Speaking ahead of the gathering, US Trade and Development Agency (USTDA) director Leocadia Zak indicated that the agency is prioritising programmes designed to address these infrastructure deficits.

She reports that the USTDA will use the upcoming forum to create an awareness of its three key priorities for the region. These include building the infrastructure for trade, especially clean energy, logistics networks and broadband networks; matching US technologies to Africa’s infrastructure programmes, and developing sustainable business partnerships.

The US’s official export credit agency, the Export-Import Bank, is also keen to used the Lusaka meeting to highlight its plans for Africa, with executive VP and COO Alice Albright noting recent growth trends in its activities on the continent.

The bank’s exposure has expanded to $3,6-billion, with yearly activity having climbed from historical levels of around $400-million, to $812-million in 2010.

Albright expects Africa-linked distributions to US exporters to increase to between $1-billion and $1,5-billion in 2011, given the current “strong pipeline” in infrastructure.

Corporate Council on Africa (CCA) VP of business development Timothy McCoy says there has also been a marked increase in US business interest in Africa, which is increasingly seen as a potential growth market.

He says US firms will participate in the trade fair and the private sector days planned to coincide with the summit, which will take place at the Mulungushi International Conference Centre.

CCA, a nonprofit association of 160 US firms, aims to encourage business relations and plans to use the event to “shine light on business opportunities in Zambia and the rest of the region”.

Edited by: Creamer Media Reporter
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Construction News
The Atholl Towers office development, in Johannesburg, received a 5-Star Green Star SA Rating from the Green Building Council of South Africa (GBCSA) for its energy and water saving initiatives. This included optimised air conditioning, a central heat recovery system...
Next year’s local government elections will be the most important ever held in South Africa’s recent democratic history, believes political analyst Daniel Silke. He says a more vulnerable, fragile ANC faces a shifting political landscape, and along with it, increased...
Eqstra Contract Mining Division CEO Justin Colling
JSE-listed Eqstra’s embattled contract mining and plant rental division is showing signs of recovery and is nearly ready to look after itself, the unit’s new CEO Justin Colling said on Tuesday. The division plunged into turmoil last year, dragging its parent’s...
Article contains comments
Article contains comments
More
 
 
Latest News
Implats CEO Terence Goodlace
Updated 54 minutes ago Platinum mining major Impala Platinum (Implats) said on Thursday that it intended raising up to R4-billion through the sale of new Implats ordinary shares using an accelerated bookbuild process. The company, headed by CEO Terence Goodlace, said that shareholder...
Deputy President Cyril Ramaphosa
Deputy President Cyril Ramaphosa said on Wednesday that his attempts to improve the efficiency of South Africa's state-owned entities (SOEs) are not an attempt to get more votes in the 2016 Local Government Elections. He was updating the National Council of Provinces...
Frost & Sullivan ICT programme manager Gareth Mellon
It is increasingly widely accepted that deploying information and communication technology (ICT) infrastructure will bring about a surge in economic growth across Africa. However, the sourcing of billions of dollars required to deliver universal coverage was up for...
More
 
 
Recent Research Reports
Road and Rail 2015: A review of South Africa's road and rail sectors (PDF Report)
Creamer Media’s Road and Rail 2015 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail infrastructure and network, the funding and maintenance of these respective networks, and...
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96