We value your privacy

We use cookies to enhance your browsing experience, serve personalized ads or content, and analyze our traffic. By clicking "Accept All", you consent to our use of cookies. Cookie Policy

Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

ADVERTISEMENT
Africanian
  • News
  • News 24/7
  • Politics
  • Business
  • Health
  • Sports
  • Travel
  • World
    • US
    • Russia
    • Europe
    • Asia
    • America
  • Events
No Result
View All Result
Africanian
No Result
View All Result
Home Business

Commitment to Industrialization: A Catalyst for Africa’s Inclusion in AGOA

President Ramaphosa's opening speech underscored the significance of a sustained commitment to industrialization in driving Africa's inclusion in AGOA

in Business, News, Politics
Reading Time: 2 mins read
0 0
0
Commitment to Industrialization: A Catalyst for Africa’s Inclusion in AGOA
0
SHARES
Share on FacebookShare on TwitterShare via Whatsapp

Johannesburg, South Africa – The African Growth and Opportunity Act (AGOA) Forum, a long-standing initiative by the U.S. Congress to forge stronger trade relations between the United States and African nations, has officially commenced in Johannesburg. The event featured an inaugural address by President Cyril Ramaphosa, highlighting the critical role of industrialization in shaping Africa’s entry into AGOA.

Read More: Top 10 African Nations Saving in Dollars – Deciphering Why?

AGOA, characterized by both enthusiastic support and skepticism from various African governments, had been initially slated to conclude in 2025. However, indications point toward a probable extension, given the unmistakable backing of U.S. President Joe Biden for this “landmark law,” as evidenced in his recent communication with Congress.

Nonetheless, the anticipated renewal of AGOA comes with the exclusion of Uganda, the Central African Republic, Gabon, and Niger – a decision that is expected to exact a substantial economic toll on these nations. Host nation South Africa narrowly evaded a similar fate, amid diplomatic tensions centered around Russia, weaponry, and the Ukraine conflict.

President Biden’s letter emphasized that the ongoing assessment of the eligibility criteria for the expulsion of these four countries will remain continuous. In a notable reversal, the United States has opted to reinstate Mauritania into AGOA, a decision that follows the country’s removal from the initiative in 2019.

More

Lesotho increases blood collection by 70% between 2017 and 2024

Nigeria accelerates economic transformation with key reforms and signs of recovery

RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

The theme of the AGOA Forum revolves around the pivotal role of industrialization in Africa’s continued participation in this trade initiative. African nations are increasingly recognizing the need to harness their industrial potential to fully leverage AGOA’s benefits, as they seek to diversify their exports, improve competitiveness, and strengthen their economies.

President Ramaphosa’s opening speech underscored the significance of a sustained commitment to industrialization in driving Africa’s inclusion in AGOA. The establishment of robust industrial sectors, the promotion of regional value chains, technology transfer, and skills development are seen as essential components of this endeavor.

African nations, in collaboration with the United States, are exploring ways to support industrialization efforts, promote economic growth, and ensure the long-term sustainability of AGOA’s preferential trade access.

Read More: Investing in African Green Solutions

As the AGOA Forum unfolds, stakeholders and policymakers will engage in comprehensive discussions aimed at advancing industrialization in Africa and enhancing the continent’s position within the AGOA framework. With the potential renewal of this vital trade partnership, the emphasis on industrialization takes center stage as a key driver of Africa’s economic transformation and global trade competitiveness.

Africanian

Africanian

  • Trending
  • Comments
  • Latest
Rwanda combines youth innovation and circular economy to build a resilient nation

Rwanda combines youth innovation and circular economy to build a resilient nation

July 3, 2025
7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

7 Tracks, 1 Future: AfriLabs Annual Gathering 2025 Sets the Stage for Africa’s Innovation Renaissance

June 25, 2025
Kenya: a business blossoming from the soil

Kenya: a business blossoming from the soil

June 23, 2025
Lesotho increases blood collection by 70% between 2017 and 2024

Lesotho increases blood collection by 70% between 2017 and 2024

July 8, 2025
Nigeria accelerates economic transformation with key reforms and signs of recovery

Nigeria accelerates economic transformation with key reforms and signs of recovery

July 7, 2025
RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

RevUp Women Initiative Launches Nigeria Edition at Lagos Startup Week 2025

July 5, 2025
Twitter Instagram Youtube Facebook
No Result
View All Result

Africanian News

Is a dedicated project aimed at amplifying the voices of the African Ecosystem and Diaspora. We actively collaborate with initiatives to improve access to education and digital inclusion, both in traditional schools and through digital platforms, for African children.

It’s crucial to emphasize that none of the articles or images featured on our platform are intended for copyright infringement, neither now nor in the future. If you believe that any information, text, image, etc., may be subject to copyright and should be removed, please notify us by sending an email to info@africanian.com

Your dreams matter; your stories matter.

Feel free to explore collaboration opportunities with us. Share your articles, thoughts, interviews, experiments, or no-comment videos by reaching out to info@africanian.com. You can also subscribe to our mailing list to receive the latest updates from Africanian News.

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

No Result
View All Result
  • News
  • Politics
  • Business
  • Health
  • Sports
  • Entertainment
  • Tech
  • Travel
  • World

© 2024 Africanian News: From Africa, by Africans, for Africa, and friends of Africa.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Log In

Sign In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Back to Login

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Accept

Add to Collection

  • Public collection title

  • Private collection title

No Collections

Here you'll find all collections you've created before.