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Continued Growth in Covington’s Africa Initiative

Covington’s Africa initiative has unparalleled experience working with companies across a variety of sectors, helping them navigate the risks of Africa and achieve their business objectives on the continent. Over the past several months, we have continued to bolster our capabilities by adding to our team of lawyers and advisors: Jonathan Berman: Mr. Berman, a … Continue Reading

Trump and Africa: Imagining a Positive Legacy

The contours of Trump’s Africa policy are emerging, although key appointments, such as the assistant secretary of state for African affairs, have yet to be made. On February 13, President Trump had telephone conversations with President Muhammadu Buhari of Nigeria and President Jacob Zuma of South Africa—his first with leaders from sub-Saharan Africa. The calls, … Continue Reading

Crowdfunding in Africa: Opportunities and Challenges

Crowdfunding—or the use of online platforms to raise money for business ventures from a large base of investors—has been steadily gaining traction in Africa over the past decade. Still, crowdfunding in Africa remains limited compared to other regions: In 2015, the African crowdfunding market amounted to about $70 million, accounting for less than one percent … Continue Reading

United States Suspends Sudan Sanctions

In response to “positive actions” taken by the Government of Sudan over the past six months, the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) announced today an amendment to the Sudanese Sanctions Regulations (“SSR,” 31 C.F.R. Part 538) that effectively suspends virtually all of the U.S. sanctions against Sudan by authorizing … Continue Reading

Ghana’s New President: Jobs, Jobs, Jobs

Nana Akufo-Addo, the 72-year-old leader of the New Patriotic Party (NPP), was elected Ghana’s president on December 9 by a margin of 1 million votes, affirming the country’s status as a leading democracy on the continent. The peaceful election supports the remarks of former assistant secretary of state for African affairs and election observer, Ambassador … Continue Reading

Donald Trump and Africa

For Africa, at stake in this election of Donald Trump is the strong bipartisan consensus in Congress that has been the cornerstone of U.S. policy toward the continent for the last three administrations. This consensus, supported by Presidents Clinton, Bush, and Obama, was predicated on the notion that Africa has opportunities worth U.S. attention and … Continue Reading

UK Rules Prompt Businesses to Report on Slavery in their Supply Chains

According to the 2016 Global Slavery Index, an estimated 45.8 million men, women and children around the world are ensnared in some form of modern slavery, which includes slavery, servitude, forced labor and human trafficking. Sub-Saharan Africa is particularly vulnerable to this scourge: Estimates of modern slavery in Sub-Saharan Africa accounted for approximately 14 percent … Continue Reading

DRC: Slowly Lurching Toward a Constitutional Crisis?

On September 20, barring any breakthroughs in the political dialogue between President Kabila and opposition groups, the Democratic Republic of Congo (DRC) will enter a state of constitutional crisis. This could threaten some of the democratic gains that have been made in the country in recent years. The political trouble in the DRC has been … Continue Reading

A Summary of Congressional Hearings on U.S. Sanctions in Sub-Saharan Africa

This past June, the Senate Foreign Relations Subcommittee on Africa and Global Health Policy held a hearing to discuss U.S. sanctions in Sub-Saharan Africa. The United States, the European Union, and the United Nations impose far more sanctions on Sub-Saharan African targets than on any other region, and these sanction regimes have been changing over … Continue Reading

As Europe Divides, Africa Unites with Common African Union e-Passport

In 2015, African Union (AU) Commissioner for Political Affairs, Dr. Aisha Abdullahi, indicated that a plan was underway to implement a single African passport. After recent announcements that the AU passport would be unveiled at the AU Summit in Kigali this month, the long-awaited continental e-passport has finally been revealed. The first recipients of the … Continue Reading

The Young African Leaders Initiative: Soft Power, Smart Power

In 2010, Africa’s leaders gathered at the African Union in Addis Ababa to celebrate 50 years of independence. In Washington, President Barack Obama marked the occasion by hosting a town hall meeting of young African leaders from nearly 50 countries. What looked at the time to be a curious way to mark a significant moment in the … Continue Reading

Agreement in Principle Announced for an EU Regime on Conflict Minerals

In a so-called “trilogue” meeting on June 16, the European Parliament, the Council of Ministers, and the European Commission reached a “political” agreement on the key elements of a regulation that would implement a due diligence and reporting regime for conflict minerals imported in the EU. It has taken more than three years since the … Continue Reading

Zimbabwe’s Economic Reform Challenges

Ten months ago, on August 26, 2015, Zimbabwe’s 92-year old leader, Robert Mugabe, announced a 10-point plan to revitalize economic growth. Since then, the government has taken steps that signal the intention to transform a moribund economy. But the question is whether a Mugabe-led government can be successful in restoring growth and confidence in a once-promising economy … Continue Reading

African Development Bank Group Annual Meetings Energize Africa

The theme of this year’s African Development Bank (AfDB) meetings, which ran from May 23rd to the 27th, was timely and necessary: “Energy and Climate Change.” In the first day of the meetings, AfDB President Akinwumi Adesina announced the AfDB Group agenda for the continent’s economic transformation, which includes The New Deal on Energy for … Continue Reading

Africa, TPP and TTIP: Integration or Isolation?

With the demise of the Doha Development Round at the WTO Ministerial in Nairobi this past December, the multilateral approach to global trade negotiations has largely ended. Given that the number of regional trade agreements has increased from 70 in 1990 to more than 270 today, it appears that it is every region for itself … Continue Reading

Results from Super Sunday

Yesterday’s Super Sunday — on which six countries from across the region went to the polls — was generally peaceful but demonstrated that democracy is still a work in progress in some parts of the continent. Benin. Prime Minister Lionel Zinsou has conceded defeat to “King of Cotton” Patrice Talon. Cape Verde.  Led by Correia e Silva, the … Continue Reading

Forget Super Tuesdays: Six SSA Countries Go to the Polls this Sunday

In what is being billed as Africa’s Super Sunday, this weekend will see key votes in six countries across the region. Benin. After a first round of voting that saw 33 candidates competing to succeed outgoing President Thomas Boni Yayi, Beninese voters are returning to the polls for the runoff between Prime Minister Lionel Zinsou … Continue Reading

Intra-African Travel is About to Become Easier, Safer and More Open

Intra-African travel — which is critical to unlocking the region’s tourism potential — is set to become easier, safer and more open. Easier — Open Skies Agreement between Ethiopia and Rwanda. Ethiopia and Rwanda signed an aviation agreement that will allow their respective national carriers — Ethiopia Airlines and RwandAir — to operate in the … Continue Reading

Diamond (Mines) Are Not Forever

In the last week of February, Zimbabwe’s President Robert Mugabe announced that all privately owned diamond mines would be nationalized and taken over by the newly created state-owned Zimbabwe Consolidated Diamond Co. The move affected six primarily Chinese companies. This decision is in keeping with the larger nationalization plan for mines that the President announced … Continue Reading

How Mozambique Can Realize IMF’s Recent Predictions of Exponential Economic Growth

Early last month, the International Monetary Fund (IMF) caught the attention of investors when it issued a report predicting that Mozambique’s average economic growth rate between 2021-2025 could reach as high as 24 percent per annum and liquefied natural gas projects (LNG) could reach more than 50 percent of the country’s nominal output by the … Continue Reading

AfDB President Launches “New Deal on Energy in Africa”

New African Development Bank President Akinwumi Adesina chose last week’s World Economic Forum at Davos for the official launch of the Bank’s New Deal on Energy for Africa, along with a Transformative Partnership for Energy in Africa (TPEA).  While a candidate for the AfDB president position a year ago, Adesina placed energy at the top … Continue Reading
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