You are hereHome > Blogs
Created on July 14, 2015
Following the recently concluded U.S.-East African Community (EAC) Commercial Dialogue, the Eastern Africa Diaspora Business Council in partnership with the Tanzania Embassy in Washington, DC will host a Trade Mission to Tanzania. This Trade Mission scheduled for August 5th -10th 2015, is designed to promote Tanzania’s sleeping giant, the agribusiness sector to U.S. Investors. This sector will play a significant role in energizing the Tanzanian economy to achieve poverty reduction through resourceful and productive processes that can accelerate economic growth, sustainable development and deeper integration of the Agribusiness sector in Tanzania through Public Private Partnership.
The Southern Agriculture Growth Corridor of Tanzania (SAGCOT) partners believe they can bring up to 350,000 hectares under production, creating 420,000 jobs, generating annual farming evenues of $1.2 billion, contributing to food security, and lifting more than two million people out of poverty by 2030. This Trade Mission is going to highlight opportunities of trade and investment with the U.S. under African Growth and Opportunity Act specifically by diversifying their exports as well as facilitating Tanzania's integration into the global economy. This mission will give investors a hand-on experience, with site visits, tours of key infrastructure facilities, meetings with key agencies and a round-table discussion with existing investors and top CEOs.
The main U.S. businesses targeted for this Trade Mission include those in the Agriculture related sectors which include; financing, logistics, energy, cold storage facilities, infrastructure. Other mission highlights include an opportunity to visit a World Heritage site Ngorongoro Conservation area (also home of the Big 5) as well as a meeting with the East Africa Community Secretariat in Arusha, Tanzania.
Created on July 13, 2015
It’s not every day when a credentialed ambassador to the United States leans over, eyes brightening, and says, “If small U.S. companies come to Africa, they will make money. A lot of money.”
He smiles as he savors the words a lot, as if tasting something delicious.
But then it’s back to reality. He’s asked about perceptions among U.S. businesspeople that much of Africa is decidedly unpalatable, unhealthy, unfriendly, and unprofitable.
The Benin Ambassador to the United States Omar Arouna has heard it all before. “Benin has been a stable democracy since 1990,” he explains. “We have the same values, the same aspirations as the American people. We see things exactly like the American people.”
He wants more Americans to do business in Benin, a country the size of Kentucky on the coast of West Africa. Benin’s 10 million people work mostly in the service sector and in agriculture, where the main exports are cotton, pineapple, and cashews.
Created on July 13, 2015
After the recent financial crisis, traditional banks are more reluctant than ever to fund small businesses. Entrepreneurs need not be discouraged though, as a new trend has emerged in the world of finance: “alternative lending.” What exactly is alternative lending and is it right for your business? Here are some resources to help demystify the latest options in small business financing.
“Alternative Lending” Defined
You may walk through open doors of your local bank only to hit a brick wall. According to this Alternative Lending e-guide, traditional banks decline up to 80% of small business loan applications.
Created on June 30, 2015
The Office of Advocacy, an independent office within the U.S. Small Business Administration, released an Issue Brief entitled “Patenting and Innovative Startups: Putting the America Invents Act (AIA) in a Broader Economic Context.” The issue brief summarizes some of the potential small business outcomes of the AIA and contextualizes those outcomes for innovative startups. This issue brief finds that policy changes that affect patenting could affect innovative startups as they may heavily utilize patents to raise funds to continue to innovate.
The importance of patents to the economy
Patents are at the crux of innovation in the economy. Patents provide a framework by which innovative research can take place and new technologies can be disseminated. In particular, patents provide a clear economic incentive to undertake innovative research that has the potential to substantially grow startups.1 Patents protect researchers and investors with clear determinations of intellectual property rights while also providing a vehicle with which to share newly developed technologies without a fear of losing ownership of intellectual property.2
In the spirit of Immigrant Heritage Month, the White House Initiative on Asian Americans and Pacific Islanders (AAPIs) celebrates the diverse dimensions of our nation’s communities and the strength we draw from our varied immigrant identities. From cultural traditions to philosophies, many of us are shaped by our own or our family’s immigrant experiences coming to this country and transitioning into the “American life.”
In this blog series, we will explore the immigration stories of different AAPI federal leaders and how these experiences have shaped their commitment to public service.