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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.
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.
Why is Everyone Talking About Africa?
Submitted on 08 August 2013
With the President’s recent trip to Senegal, Tanzania and South Africa, as well as the announcement of two new trade initiatives, the spotlight is on Africa – and with good reason. While speaking at the Business Leaders Forum in Tanzania, President Obama spoke of beginning a new level of economic engagement with Africa.
Exporting to Africa: The Success of the DBIA Campaign
Submitted on 03 July 2013
President Obama believes sub-Saharan Africa could be the world’s next major economic success story. That is why in June 2012, he issued the U.S. Strategy Toward Sub-Saharan Africa to escalate the U.S. efforts to stimulate economic growth, trade, and investment in the region. One year later, the President is in Africa to highlight our success under this strategy.
Doing Business in Africa Campaign: A Success Story
Submitted on 02 July 2013
President Obama recently said sub-Saharan Africa is poised to be the world’s next greatest economic success story, with U.S. exports to Africa topping $21 billion a year. In fact, Sub-Saharan Africa is home to six of the ten fastest-growing economies in the world, and enormous opportunities exist for U.S. companies to not only do well – but to do good.
Doing Business in Africa Forum Presents Opportunities for American Businesses in Sub-Saharan Region
Submitted on 26 February 2013
Earlier this week, we attended the Doing Business in Africa Forum at the White House. This was the first forum of the Doing Business in Africa campaign that the Commerce Department launched three months ago in Johannesburg, South Africa. Deputy Secretary of Commerce Rebecca Blank gave the opening remarks and focused on strengthening commercial ties between the United States and Sub-Saharan Africa.
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.