10.16.19


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Africa > Organization Information

U.S. - Africa
Free Enterprise Education Foundation

The world economies consist of a diverse range of development stages. Some economies still languish the Agricultural Age; others are just beginning to enjoy the rewards of the Industrial Age, and few are struggling with their transformation to the Information Age. This Information Age, however, is quietly revolutionizing all economies and building a platform for a faster integration into a more independent, knowledge-based global economy.

The 21 st century promises their global interdependence to grow and flourish. Economic activity between the Northern and Southern hemispheres will intensify and the economic potential that Africa has will be explored intensely, benefiting the continent and the global economy. For the United States to garner a larger share of the African market, inversors will require a more thorough and fundemental understanding of the continent's varied historical, cultural, political, and economic systems.

The U.S.-Africa Free Enterprise Education Foundation, Inc., is a non-profit 501(c)(3) educational, research, and humanitarian organization, which will conduct its activities in order to close this knowledge gap through the patronage and donations of its supporters.

U.S. - Africa
Business Association

The United States, as the only superpower, should have a strategic political and economic interest in seizing trade opportunities in Africa. In 1994, U.S. exports to Africa reached $6 billion and supported well over 100,000 above average paying jobs in the domestic market. This exceeds U.S. exports to either Eastern Europe or the combined states of the former Soviet Union.

Currently, the U.S. share of the African market is less than 8%, while Europe enjoys a 40% plus share. It is in the U.S. interest to systematically engage and support U.S. companies to gain market share in Africa. We believe U.S. policy has to place equal emphasis on helping African countries improve their standard of living and purchasing power by aggressively promoting the rapid development of political and market reforms that are fundemental to attracting private capital.

According to recent U.S. government statistics, Africa has led the world in rates of return in the last 14 years. In 1993, U.S. companies earned an average of 25.5% return on their African investments, while their average returns on similar ventures in all developing and developed countries were 16.6% and 8.6% respectively. These high rates of returns not only reflect the degree of risk involved in initial investment, but they also illustrate the opportunities available for well considered investments.

The U.S.-Africa Business Association, Inc., is a non-profit 501(c)(6) membership-driven business association organized to promote bilateral trade and investment between the United States and Africa.



 
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