World
US-Africa Trade and Economic Cooperation: Challenges and Future Pathways
By Kestér Kenn Klomegâh
The United States government hosted trade ministers from sub-Saharan Africa for the annual African Growth and Opportunity Act (AGOA) Forum from July 24 to 26. Since its (AGOA) launch in 2000, this important corporate event has taken place alternately in Washington or an African city each year. Last year, it was held in South Africa. The Forum took place in Washington against the backdrop of geopolitical changes, and during an election period in the United States.
Ahead of the Forum, on July 23 there was an official statement from President Joe Biden on the African Growth and Opportunity Act (AGOA) Forum in Washington that called on Congress to quickly reauthorize and modernize this landmark Act—which is set to expire in 2025. That America is all in on Africa. Together, let’s ensure that future generations of Americans and Africans can meet the challenges and seize the opportunities of the decades ahead.
“For more than two decades, the bipartisan African Growth and Opportunity Act has formed the bedrock of America’s economic partnership with African nations. Sub-Saharan Africa has increased the competitiveness of African products, led to the creation of tens of thousands of quality jobs, and helped advance human rights. Here at home, AGOA has created investment opportunities and new markets for American businesses. And on both sides of the Atlantic, AGOA has promoted sustainable economic growth and resilient supply chains,” President Joe Biden said in the statement.
United States Trade Representative, Ambassador Katherine Tai, at the opening ceremony of the 21st Africa Growth and Opportunity Act Forum, in the presence of African finance ministers, heads of delegation from AGOA partner countries, Secretaries-General and Commissioners of the Regional Economic Communities and the African Union, acknowledged the extraordinary collaborative job done by the African Union, the Regional Economic Communities and together with Africa’s Finance Ministers. For the last three years, the Biden-Harris Administration has focused on measures to deepen trade and strengthen economic cooperation, she said in a quick assessment in terms of performance and results.
“When President Biden asked me to serve as his Trade Representative, he gave me a directive—to use trade for the common good. This means putting workers at the centre of our trade policy because they are the backbone and engine of our economy. This also means expanding the table and lifting more voices, especially those of women, youth, the African Diaspora, and communities that have been historically overlooked. This is how we are democratizing economic opportunity and transforming the role of trade in the social contract between our government and our people,” she explained in her speech at the 21st AGOA ministerial meeting held on July 25 in Washington.
These core beliefs are the centrepiece of the trade relationship with Africa—especially AGOA. Washington officials consider AGOA’s success to date as an unshakeable potential for a new era, as a driving force to strengthen trade with Africa. And next, Africa possesses tremendous opportunity and potential. The officials further acknowledged that the world is very different from when AGOA was first enacted 24 years ago. That is why the Biden-Harris Administration not only supports the reauthorization of AGOA but also the strengthening and improvement of it to fit the rapidly changing times.
As one of the strategic steps, AGOA is closely working with the African Continental Free Trade Area (AfCFTA) Secretariat. Besides that, AGOA is also working on a bilateral basis with many African countries, for instance with Kenya on the Strategic Trade and Investment Partnership. It has a trade collaboration with South Africa. The forward-looking model for engagement with the continent is to make AGOA more inclusive, responsive, and transformative—for all segments of the society. The simple proposition that is to capture, within the context of the geopolitical situation, both the current realities and future possibilities.
The ministerial program featured plenary sessions on the present and future of AGOA and U.S.–Africa trade and investment cooperation, as well as sessions on various topics. It was preceded by a Civil Society and Organized Labor Forum and a Private Sector Forum. It brought together senior government officials from the United States and AGOA-eligible countries, as well as representatives from continental and regional economic organizations, labour, civil society, and the private sector. Under the theme “Beyond 2025: Reimagining AGOA for an Inclusive, Sustainable and Prosperous Tomorrow,” the U.S. delegation underscored the United States’ commitment to the AGOA program and led discussions on a broad range of topics, including using AGOA to drive more inclusive and sustainable economic development for Africans and Americans and further strengthen U.S.-Africa economic relations.
During the AGOA Forum, Ambassador Tai facilitated a session with Members of Congress and African ministers on AGOA reauthorization. She also held bilateral meetings with African Union Trade Commissioner Albert Muchanga; Ghana’s Minister of Trade and Industry Kobina Tahir Hammond; Nigeria’s Minister of Industry, Trade and Investment Dr. Doris Uzoka-Anite; and South Africa’s Minister of Trade, Industry and Competition Parks Tau.
Chief Agricultural Negotiator Ambassador Doug McKalip met with Angola’s Secretary for Economic Affairs Milton Parmédio dos Santos Reis and Mauritius’ Ambassador N. Chedumbarum, Head of the Economic Directorate at the Ministry of Foreign Affairs, Regional Integration, and International Trade. Assistant U.S. Trade Representative for African Affairs Constance Hamilton met with Rwanda’s Minister of Trade and Industry Dr. Jean-Chrysostome Ngabitsinze and Kenya’s Principal Secretary for Trade Alfred K’Ombudo.
AGOA Forum participants included trade ministers from 32 AGOA-eligible countries. The U.S. delegation included Members of Congress and professional staff from the United States Congress, and senior government officials from the Department of State, the Department of Commerce, the Department of the Treasury, the U.S. Agency for International Development, the Department of Health and Human Services, the Department of Agriculture, the Department of Labor, the Export-Import Bank of the United States, Prosper Africa, the Small Business Administration, the United States Trade and Development Agency, the United States International Development Finance Corporation, the Millennium Challenge Corporation, the Office of the U.S. Trade Representative, and the National Security Council.
Last November in Johannesburg, South Africa, AGOA held its 20th Forum and sent a powerful reminder about the giant roadmap to integrate the United States’ economic cooperation and trade with the African Continental Free Trade Area (AfCFTA). It plans to share common goals and corporate aspirations and to chart a path of transforming and modernizing partnerships.
The Corporate Council on Africa (CCA) expressed extremely optimistic views about the future. It shared an intertwined and inseparable history of America and Africa. This is foundational for the Biden-Harris Administration and it’s foundational for AGOA itself. The American and African companies, the private sector operators, and the African Diaspora that in this next era of AGOA be more transformative, for more people across the continent, and along the way, build a stronger productive and meaningful partnership between the United States and sub-Saharan Africa.
The Corporate Council on Africa (CCA), the leading US business association, focuses solely on connecting business interests in Africa. In 2023, CCA organized a business summit which was a tremendous success in Botswana, southern Africa. The participants – most importantly – private sector corporate executives looked at Africa and the United States in strategic dialogue on the key issues and opportunities driving U.S.-Africa trade, investment, and commercial engagement.
Dr Barbara A. Perkins, Co-Founder and President of the International Black Women’s Public Policy Institute, looked at her organization working to empower Black women from the diaspora, across a lot of different public policy areas, to become leaders. At this point of global development, given the opportunity that there is the necessity to move women professionals, with all of the change in the world, it is a particularly special moment for exploring new pathways and new ways of doing things with the most important partners across Africa. These include women entrepreneurs, and women in politics, and generally to empower them wherever they are and whatever they do – to be an incredibly important part of the program, its enormous economic potential and discover so many common values – in Africa. Worth noting that African partners share a vision around more inclusive, sustainable, durable trade policies that inform economic growth, opportunities, and industrialization.
For three solid working days, the gathering had conversations relating to how to transform the multilateral trading system to benefit more people, particularly underserved communities. It examined various ways to modernize the legislation to the benefit of people across Africa and in America. It further looked at how trade can and must help craft a fairer and more equitable future for Africa – delivering real opportunities across all segments of societies, including women, youth, the African Diaspora, and other underserved groups. The workers and their families. The women business owners. The tech entrepreneurs. Young musicians. Farmers using climate-smart agriculture. And many more. In the practical long-term, AGOA has been a bedrock to improve the livelihoods of so many people.
Over the past few years, African leaders have been advocating for large-scale structural reforms, financial inadequacies and policy approaches by multinational institutions mostly dominated by the United States. The leaders have consistently been arguing for better development finance strategies and questioned the substance of using the U.S. currency. The majority of the leaders expressed support for ‘de-dollarization’ in their external trade operations, and yet gearing to strengthen trade with Europe and the United States.
By design AGOA, for example, is a useful mechanism for improving accessibility to boost trade, competitiveness, connectivity, and productivity. With evolving contradictions and complexities, it is the right moment to capitalize on the available potential capital for accelerating development. Further to that, Africa has to strengthen its foreign revenue sources from markets where the currency has value and is convertible. Therefore, the late July 2024, African ministerial summit was devoted to review thoroughly the benefits of the African Growth and Opportunity Act (AGOA).
Some African strategists and research analysts indisputably believe that remittance flows are definitely one of the surest reliable sources of foreign exchange, depending solely on the dollar currency, to support trade. In its latest report in June, the World Bank indicated that, despite the geopolitical uncertainties, instability and challenges, sub-Saharan Africa’s remittance flow reached $54 billion in 2023. Looking ahead for ensuring trade between the United States and Africa therefore requires reviewing measures such as trade policy, trade facilitation, productive capacity, trade-related infrastructure, trade finance, trade information and factor-market integration. President Joe Biden has also created the African Diaspora Advisory Council as part of the presidency. It has been working closely together to deepen and fortify America’s strategic partnerships with the African diaspora in the interests of sustaining meaningful stability between Africa and the United States.
Over the past 24 years, AGOA has made a tangible difference for millions of people in Africa. New jobs. New business opportunities. New hope. AGOA has not only strengthened economic relations with the United States but also has helped create African-led solutions to the region’s challenges. And importantly, AGOA has created a community of policymakers, civil society, and business leaders, dedicated to using this forum to better the lives of everyday people. The program provides duty-free access to the US market for nearly 2,000 products from eligible countries. US imports under AGOA topped $9.7 billion last year.
Remarks by Assistant U.S. Trade Representative for African Affairs, Constance Hamilton, at the closing ceremony emphasized that the United States, as a genuine partner, is partnering for an open and fair society. Partnering for economic empowerment and inclusive prosperity—for all people. Hamilton referred to the US President’s statement. As President Biden said, “In so many ways, Africa is the future—and so when Africa succeeds, the whole world succeeds.” By 2050, one in four people in the entire world will be in Africa. That means what happens in Africa impacts the entire world.
“AGOA has played an instrumental role in realizing this vision. This is why the Biden-Harris Administration is all in on Africa,” he underlined. “We explored barriers that women, youth, MSMEs, and the African Diaspora face in accessing trade and investment opportunities and how we can use the AGOA more effectively to drive inclusive and sustainable economic growth. We explored how to better use the multilateral trading system to benefit more people, particularly underserved communities. We also discussed opportunities to modernize the AGOA program to realize its full potential as a tool for development and regional economic integration. And we discussed how the United States and AGOA partners can collectively create and promote stronger high-standard investment opportunities.”
At this point, it is just important to reiterate that AGOA primarily offers African exporters and agencies to collaborate broadly on exportable goods and services as revenue sources from the United States market. It further emphasizes the importance of enhancing bilateral investments, promoting economic growth, and creating opportunities for local businesses and entrepreneurs across Africa. AGOA, as a gateway for addressing trade and investment obstacles in the continent, is due to be extended until 2041, plus a push to align AGOA closer to the Africa Continental Free Trade Agreement, which would involve opening up the program to North African countries. This was one of the results, among others, which emerged from Washington.
Crafting the future partnership largely depends on the collective efforts by the AGOA statutory U.S. agencies – including State, Treasury, Commerce and USAID – and the entire U.S. government inter-agency, and the private sector, civil society and labour stakeholders, and many other corporate entrepreneurial NGOs affiliated to AGOA. The Biden-Harris Administration is seriously committed to working on new challenges and opportunities for continued success in the coming years to impact positively on real lives across the continent. AGOA remains the cornerstone of the U.S. economic partnership with Africa.
World
Essent Slashes Contact Centre Technology Costs by 50%
By Modupe Gbadeyanka
The Netherlands’ largest energy provider, Essent, has cut the technology costs of its contact centre infrastructure by half.
The organisation, which serves 2.5 million customers, recorded zero critical incidents post-migration and improved agent workplace satisfaction by 36 per cent.
The migration was delivered in partnership with AI-first customer experience transformation specialists, Sabio Group, and was completed in under 12 weeks for an operation spanning over 1,000 agents across two locations.
Agents were forced to juggle multiple disconnected screens simultaneously — a workflow that was as inefficient as it was stressful.
“Our agents were constantly working with different screens — multiple chat instances open at once, multiple agent desktop instances. It was messy, and in some cases, quite stressful,” SAFe Product Manager for Customer Interaction, Omnichannel and Digital Transformation at Essent, Michiel Kouijzer, stated.
“A lot of colleagues were saying I was mad for even suggesting this approach. It kind of feels like a victory on a personal level that it did work out. You just have to be a little ambitious — and have the right expert partner who can make it work,” Kouijzer added.
With stable cloud infrastructure now firmly in place, Essent is turning its attention to the capabilities that were impossible in its legacy environment: AI-powered call summarisation, agentic customer self-service, and next-generation workforce optimisation.
Rather than a reckless ‘big bang’ cutover that could have affected service to millions of households, Sabio engineered a phased migration strategy — beginning with Essent’s SME segment to validate technical readiness before scaling to the full enterprise operation.
“This project showcases Sabio’s unique position in the contact centre technology landscape. We’re not just moving Essent to the cloud — we’re establishing a foundation for continuous improvement in their customer experience delivery,” the Country Manager for Sabio Group Benelux, Wouter Bakker, commented.
World
Africa: A New Market for Russian Business
By Kestér Kenn Klomegâh
On April 11, the presentation of the book “Africa: a new market for Russian business” took place, which aroused lively diverse interests among business representatives, entrepreneurs and employees of federal structures of Russia. The event was dedicated to discussing the prospects of Russian companies entering the African market and became a platform for the exchange of views and experiences.
Participating guests, packed in the small hall, included:
– representatives of business circles,
– entrepreneurs interested in new directions of development,
– employees of federal agencies curating foreign economic activity.
The presentation was held in a constructive and friendly atmosphere. The author of the book, Serge Fokas Odunlami, detailed the key ideas and conclusions presented in the publication. Particular attention was paid to the practical aspects of operating in the African market, as well as the analysis of opportunities and risks for Russian companies.
During the lively discussion, participants asked questions, shared their experiences and made suggestions for developing cooperation with African countries. This format allowed not only to get acquainted with the content of the book, but also to discuss topical issues of expanding business relations.
Meaning of the book: The publication, “Africa: a new market for Russian business” offers readers not only analytical, but also practical recommendations on investment and market trends, and how to enter the African market. The book will be a useful tool for those considering Africa as a promising destination for investment and business development.
The presentation of the book became a significant event for the Russian business community interested in expanding cooperation with Africa. Serge Fokas Odunlami introduced the participants to the new edition, which is a comprehensive business guide that gives an impetus for dialogue and implementation of joint entrepreneurial projects and corporate initiatives across Africa.
World
Ryan Collyer Reveals Reasons Behind Africa’s Significant Energy Deficit
By Kestér Kenn Klomegâh
Perhaps Russia’s state nuclear corporation, Rosatom, is at the frontline, shaping Africa’s energy security. And African countries are also accelerating coordinated efforts to build nuclear power plants primarily to supply their energy, which will drive industrialisation and boost power capacity for domestic utilisation.
Energy experts say adopting nuclear can further support a diverse energy mix, reduce reliance on fossil fuels, and help across the continent. Over the past two decades, Russia has been collaborating with African countries, adopting energy initiatives to provide power to approximately half the continent’s population, and making it an important component of Africa’s future energy strategy and solutions. At this point, however, it is necessary to underline the irreversible fact that Russia’s ultimate goal is to ensure long-term African energy security.
In this interview, Rosatom’s Chief Executive Director for Central and Southern Africa, Ryan Collyer, reiterates the strategic importance of Russia-Africa’s energy cooperation through strengthening bilateral agreements on collaboration on the peaceful use of nuclear energy. Collyer explains that the Russian approach is its ability to offer an integrated solution, from technology and financing to training and localisation. According to him, partnerships must be built on mutual benefit and on the principle of transparency. Here follows the interview excerpts:
What are the expectations, specifically in the nuclear energy sphere, for Africa during the forthcoming Russia–Africa Summit scheduled for 2026?
The expectation is a clear shift from dialogue to delivery. Over the past few years, we have built a strong foundation through agreements, feasibility discussions and partnerships. The 2026 Russia–Africa Summit is an opportunity to demonstrate tangible progress.
In practical terms, I would expect greater focus on implementation readiness. That includes regulatory development, human capital, financing models and localisation strategies. We also expect to see more structured cooperation in areas like small modular reactors, which are particularly relevant for many African grids, as well as stronger emphasis on education and training partnerships. Ultimately, the success of the Summit will be measured by how many initiatives move from concept to execution.
Why, despite many bilateral agreements, is Africa still experiencing a significant energy deficit?
Africa’s energy deficit is not a result of a lack of ambition or agreements. It is primarily a question of scale, financing and infrastructure readiness. Energy projects, especially large-scale ones, require long-term investment, stable policy frameworks and strong institutional capacity. Many countries are working under fiscal constraints, and at the same time, demand is growing rapidly due to population growth and urbanisation. So, even when progress is made, it can be outpaced by rising demand.
It is also important to understand that many agreements are not meant to deliver immediate infrastructure. They are part of a longer preparation cycle, including feasibility studies, regulatory development and workforce training. Nuclear projects in particular are long-term by nature, and while this can be perceived as slow progress, it is actually a reflection of the level of diligence required.
How do you assess the contribution of nuclear energy to climate change mitigation and technological development in Africa?
Nuclear energy plays a dual role in Africa’s development, both as a clean energy source and as a driver of technological advancement. From a climate perspective, nuclear provides reliable, low-carbon electricity at scale. Africa needs a significant expansion of its energy capacity to support economic growth, and this growth must be both stable and sustainable.
Nuclear allows countries to increase power generation without increasing emissions, while ensuring a consistent baseload supply. At the same time, its impact goes beyond electricity. Nuclear technologies support medicine, agriculture, water management and industrial processes. Across Africa, they are already used in areas such as cancer treatment, food preservation and environmental monitoring, making nuclear a broader platform for sustainable development.
In this context, Rosatom offers integrated solutions across the full nuclear value chain. This includes large-scale and small modular reactors, as well as advanced non-power applications such as nuclear medicine and irradiation technologies. Our focus is on delivering practical, tailored solutions that support long-term development and local capacity building.
Is Africa unprepared to deal with nuclear waste, as some critics suggest?
I would say that preparedness varies across countries, but it would be inaccurate to suggest that the issue is being ignored. Responsible nuclear programmes require a comprehensive approach to waste management from the very beginning. This includes legal frameworks, regulatory oversight, storage solutions and long-term planning. These elements are part of international best practice and are supported by organisations such as the IAEA. What is true is that this topic is often undercommunicated in the public space. It should be discussed more openly, because transparency builds trust.
Countries that are serious about nuclear energy understand that waste management is not optional. It is a core component of the programme, and it is addressed in parallel with all other aspects of development. Rosatom offers comprehensive solutions for spent fuel and radioactive waste management. These include technologies for safe storage, transportation, reprocessing and recycling of nuclear materials. In fact, advanced reprocessing solutions allow for the reuse of valuable components of spent fuel, significantly reducing the volume of waste and improving the overall sustainability of the nuclear cycle.
Nuclear power remains controversial. Why do you believe it is important for Africa, and what role does it play in the energy mix?
Africa needs a balanced and pragmatic energy strategy. The conversation should not be about choosing one technology over another, but about building an energy mix that is reliable, affordable and sustainable. Renewables will play a critical role and are already expanding rapidly. However, they are variable by nature. For industrialisation, countries also need stable, continuous power that is baseload. This is where nuclear can make a meaningful contribution. A diversified energy mix that includes renewables, nuclear, hydropower and other sources allows countries to reduce risk, improve energy security and support long-term economic growth.
Nuclear is not the only solution, but it is an important part of a resilient system, especially for countries with growing industrial ambitions. In this context, Rosatom is able to support countries with integrated energy solutions that combine reliability, sustainability and long-term partnership models, tailored to national development priorities.
How can we shift public perception, given the legacy of Chornobyl and Fukushima?
We cannot rewrite history, and we should not try to. Events like Chornobyl and Fukushima shaped public perception for a reason. The starting point is respect for those concerns, not dismissal. At the same time, what is often missing in the conversation is what happened after those events. Chornobyl, in particular, fundamentally reshaped the entire philosophy of nuclear safety. It led to a complete rethinking of reactor design, emergency response, and regulatory oversight. Independent regulators were strengthened, safety responsibilities were clearly separated from operators, and safety culture became not just a principle but a legal requirement supported by continuous drills and probabilistic risk assessments.
Technologically, the industry also changed dramatically. Modern reactors are designed to withstand even worst-case scenarios, with multi-layered “defence-in-depth” systems, core melt traps, and passive safety mechanisms that rely on natural physical processes rather than human intervention. These are not incremental improvements. They are the direct result of lessons learned at a very high cost. But facts alone do not change perception. People do not build trust through reports. They build it through experience and transparency. That is why our approach in Africa is deliberately open.
We create opportunities for students, young professionals and journalists to visit nuclear facilities, research centres and training programmes. When people can see how systems operate, how safety is managed, and how seriously it is taken, the conversation becomes more grounded and less abstract. There is also an important human dimension that is often overlooked.
The history of Chornobyl is not only a story of tragedy. It is also a story of professionalism, responsibility and the people who managed the crisis and generated the knowledge that made today’s safety standards possible. Acknowledging that the full picture helps move the discussion away from fear alone toward understanding. At the same time, we need to broaden the narrative. Nuclear is not only about power generation. It is about cancer treatment, food security, water management and high-skilled employment. When communities begin to connect nuclear technology with real benefits in their own lives, it stops being an abstract risk and starts becoming a practical solution. Ultimately, perception does not change through persuasion. It changes through consistency. Through transparency, long-term engagement, and real-world impact.
What are your final thoughts on Russia’s preparedness to support Africa’s nuclear ambitions?
Russia has demonstrated that it is committed to long-term partnerships in Africa, particularly in the nuclear sector. We are already seeing concrete examples of cooperation in areas such as project development, education and skills transfer. The key strength of the Russian approach is its ability to offer an integrated solution, from technology and financing to training and localisation. Partnerships must be built on mutual benefit and transparency. Africa’s priorities are clear: energy security, economic development and local capacity building. Any partner that is ready to contribute to these goals consistently and practically will have a meaningful role to play. If we look country by country, the picture becomes even more interesting.
Take Ethiopia. This is a country thinking long-term about energy security and industrialisation. It has strong hydropower, but also understands the need to diversify. Ethiopia is prepared to take a big step towards nuclear energy. In Rwanda, the approach is different. It is focused on innovation and speed. There is a strong interest in small and flexible nuclear technologies, alongside active use of nuclear science in healthcare and agriculture. What stands out is the clarity of vision and pace of implementation.
Then, there is Namibia. As a major uranium producer, the question is how to move up the value chain. Partnerships can help connect resources to technology, skills and future energy applications. So, Russia’s role is not one-size-fits-all.
The real strength lies in adapting to each country’s strategy. If that continues, nuclear cooperation becomes not just about energy, but about shaping long-term technological development. Rosatom is one of the few global players capable of delivering the entire nuclear value chain. This includes reactor technologies, fuel supply, waste management solutions, including reprocessing, as well as long-term operational support and human capital development. This comprehensive capability is what allows us to move projects from concept to reality in a structured and sustainable way.
-
Feature/OPED6 years agoDavos was Different this year
-
Travel/Tourism10 years ago
Lagos Seals Western Lodge Hotel In Ikorodu
-
Showbiz3 years agoEstranged Lover Releases Videos of Empress Njamah Bathing
-
Banking8 years agoSort Codes of GTBank Branches in Nigeria
-
Economy3 years agoSubsidy Removal: CNG at N130 Per Litre Cheaper Than Petrol—IPMAN
-
Banking3 years agoSort Codes of UBA Branches in Nigeria
-
Banking3 years agoFirst Bank Announces Planned Downtime
-
Sports3 years agoHighest Paid Nigerian Footballer – How Much Do Nigerian Footballers Earn
