Tue, 13 Jun 2017 09:39:34 +0000 The ascent to power by US president Donald Trump and the near certainty of a hard Brexit has created global economic uncertainties with much wider ramifications for Africa and the other developing communities. On President Trumps immediate agenda was his intention to cut US1billion in foreign aid and diplomacy to provide resources for his America First campaign. Effectively, this means the elimination of funding to such institutions as the US African Development Foundation that was provided grant support to operational assistance, enterprise expansion and a host of other trade related activities. Although to his credit funding to the Presidents Emergency Plan for AIDS relief PEPFAR, established by President George Bush in 2003 will remain, the same fate cannot be said of one of the major trade building blocks, AGOA, namely the Africa Growth and Opportunity Act. Brexit also brings its own trade uncertainties partly as a result of […]
