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Launched by U.S. Acting Secretary of Commerce Rebecca Blank in November 2012 in Johannesburg, South Africa, the Doing Business in Africa campaign is part of the Obama Administration’s government-wide strategy to help U.S. businesses take advantage of the many export and investment opportunities in Sub-Saharan Africa.
The Doing Business in Africa campaign harnesses federal trade promotion and financing capabilities to help U.S. businesses both identify and seize upon trade and investment opportunities, furthering the United States’ commercial relationship with Africa.
The Minority Business Development Agency is poised to play an important role in the Doing Business in Africa campaign by promoting more U.S. trade with Africa through increased financing for and engagement with important stakeholders, including the African Diaspora community.
MBDA's Africa Agenda
MBDA is particularly focused on assisting firms with access to markets on the continent of Africa because of their rapidly growing economies and increased opportunities for American firms. According to The Economist, six of the world’s ten fastest growing economies between 2001 and 2010 were in Africa: Angola (1), Nigeria (4), Ethiopia (5), Chad (7), Mozambique (8), Rwanda (10).
It is projected that by 2050, Africa’s population will reach 3 billion people. This is an exploding consumer market. MBDA is ready to assist businesses in accessing these markets and taking advantage of these opportunities.
MBDA will work with businesses and public sector partners through its network of Business Centers to help minority-owned firms broaden their platforms and launch export operations.
MBDA's Doing Business in Africa ToolBox
MBDA has helped to develop a number of products and services to help minority-owned enterprises interested in taking advantage of emerging opportunities in Africa. We encourage you to read about them below and use them.
Global Export Assistance
MBDA Business Centers
For decades, MBDA has supported expanded trade through minority-owned and operated businesses. Our network of business centers help identify export markets, facilitate global transactions, conduct international business-to-business meetings and market analysis, and assist with overseas market promotion assistance.
Access to Capital and Contracts
MBDA and Export-Import (Ex-Im) Bank Partner to Increase Export Financing for Minority-Owned Businesses
The Global Outreach Alliance between MBDA and Ex-Im Bank seeks to increase access to capital for minority-owned firms and encourage participation in international commerce that ultimately will lead to job creation in America.
Build on U.S.-Africa Business Forum by Discovering Opportunities in Africa
Submitted on 13 August 2014
The United States is putting full focus on doing business in Africa, following President Obama’s U.S.-Africa Leaders Summit and the U.S.-Africa Business Forum. Business Forum co-hosts Bloomberg.org and the Department of Commerce project the event will catalyze $14 billion in new business deals.
Even though the Forum is now behind us, there are still plenty of new opportunities available in Africa, and the International Trade Administration wants to help you find them.
Secretary of Commerce Penny Pritzker Highlights U.S. Commitment to Doing Business In Africa
Submitted on 13 August 2014
On August 5th, at the U.S.-Africa Business Forum, U.S. Secretary of Commerce Penny Pritzker highlighted a number of Commerce Department efforts to help more American businesses explore opportunities in Africa’s fast-growing markets. The Forum, focused on trade and investment opportunities on the continent, was part of President Obama’s three-day U.S.-Africa Leaders Summit, the largest event that any U.S. president has ever convened with African heads of state or government.
U.S. Department of Commerce & Bloomberg Philanthropies Host Inaugural "U.S.-Africa Business Forum"
Submitted on 24 July 2014
On August 5, 2014, the U.S. Department of Commerce and Bloomberg Philanthropies will co-host the first-ever U.S.-Africa Business Forum, a day focused on trade and investment opportunities on the continent. The U.S.-Africa Business Forum will be part of President Obama’s U.S.-Africa Leaders Summit, the first summit of its kind, and the largest event that any U.S. president has ever convened with African heads of state or government.
MBDA Explores Export Markets for Minority-Owned Firms in Agribusiness
Submitted on 30 June 2014
The 2014 Agribusiness and Food World Forum in Cape Town, South Africa emphasized the importance of U.S. private sector involvement and investment in the critical agriculture and agribusiness sectors of the region. In sub-Saharan Africa, the industries are projected to collectively grow from $313 billion today to $1 trillion by the year 2030.
Acting Deputy Secretary Gallagher Advocates Increased U.S. Exports through Doing Business in Africa Campaign
Submitted on 26 November 2013
Acting Deputy U.S. Commerce Secretary Patrick Gallagher delivered remarks at “From DC to Africa: Growing Local, Going Global,” a business forum hosted by the D.C. Office on African Affairs to raise awareness of opportunities for U.S. companies to do business in Africa. D.C. Mayor Vincent Gray also gave remarks at the forum and introduced Dr. Gallagher.
Discover Global Markets: Sub-Saharan Africa
November 5-6, 2014
A Fast-Growing Region
Now is a great time to do business in Africa. The continent is home to six of the ten fastest growing markets in the world. Economic growth in Sub-Saharan Africa is predicted to be strong, between five and six percent, in the coming years. Most importantly, millions of Africans are finding a path from poverty to opportunity and prosperity. President Obama believes that Sub-Saharan Africa can be the world’s next major economic success story.
A Government-Wide Strategy
In June 2012, the President issued the U.S. Strategy Toward Sub-Saharan Africa, committing the United States to elevate efforts to spur economic growth, trade, and investment in Sub-Saharan Africa.
U.S. Department of Commerce Launches Doing Business in Africa Campaign
The Doing Business in Africa campaign will promote economic growth, trade and investment in Africa. Goals of the campaign include helping U.S. businesses identify and seize opportunities in Africa, and helping them overcome any challenges they face to establishing business relationships with Africa.