Investment | Financial International Institutions
U.S Trade and Development Agency
Promoting Economic Cooperation with Sub-Saharan Africa
Africa is home to nearly one-fifth of the world's natural resources and more than half a billion people. As U.S. commercial relations continue to grow with many African economies, an increasing number of American firms and investors are recognizing the opportunities on the continent for mutually beneficial business partnerships.
The U.S. Trade and Development Agency (TDA) places a high priority on Africa in carrying out its dual mission of supporting overseas development projects and promoting U.S. exports. In fact, one of the agency's first grants was signed in Africa - in Tanzania in 1981. Since then, TDA has invested over $46 million in funding for activities that encourage further economic development in Africa. This investment has translated into over $600 million in exports for American companies.
TDA accomplishes its trade and development mission through funding feasibility studies for individual projects and arranging orientation visits and conferences that connect project sponsors with U.S. investors and suppliers of products and services. TDA also offers funding to foreign governments for technical assistance that supports capacity building initiatives and the implementation of trade agreements.
Some projects in Angola in which TDA has been involved:
Luanda International Airport Refurbishment - TDA has approved $322,150 in funding to the Angolan Ministry of Transport for a feasibility study on an investment plan for completing the modernization of the 4th of February International Airport. Selection of the U.S. firm that will conduct the study is currently underway.
Port of Cabinda Expansion - TDA has signed a $374,850 grant agreement with the Government of the Province of Cabinda to partially fund the cost of a feasibility study on the proposed Cabinda Port project. The expansion is designed to allow the operation of ships with greater draft dimensions and meet the internal transportation needs of the province while contributing to the economic integration of the entire region. The U.S. firm that is conducting the study is GoodWorks International, LLC. Potential U.S. exports related to this project are estimated at nearly $ 100 million.
For more information contact : Regional Director Henry D. Steingass or Country Managers Lance Ludman and Cybill Sigler
1621 North Kent Street - Suite 200 - Arlington, VA 22209-2131
TEL: 703-875-4357
FAX: 703-875-4009
Web Site : http://www.tda.gov
E-mail: info@tda.gov
OPIC ( Overseas Private Investment Corporation )
OPIC is a self-sustaining U.S. agency that sells investment services to small, medium and large American businesses expanding into some 140 developing nations and emerging markets around the world. OPIC's political risk insurance, project finance and investment funds fill a commercial void, create a level playing field for U.S. businesses and support development in emerging economies.
Africa Initiatives
With U.S. foreign assistance spending under tight constraints, OPIC's role in mobilizing private sector resources has become an increasingly vital component of U.S. foreign policy for Africa. In both the Administration's "Partnership for Economic Growth and Opportunity in Africa" initiative launched at the White House on June 17, 1997, and in legislative efforts by the U.S. Congress, OPIC has been an active participant in the efforts to enhance commercial relations between the United States and Sub-Saharan Africa.
Toward this end, OPIC has participated in four high-level U.S. missions to Africa, including President Clinton's historic visit March 1998. On each of these visits to Africa OPIC signed updated bilateral investment incentive agreements that will help facilitate and expedite OPIC supported investments. Modernized bilateral agreements have been signed since 1997 including, Angola, Benin, Botswana, Cote d'Ivoire, Equatorial Guinea, Ghana, Kenya, Madagascar, Mauritius, São Tomé and Príncipe, Tanzania, Uganda and Zimbabwe.
OPIC is also included in the Africa Seeds of Hope Act, which was passed during the last Congress and signed into law by President Clinton. It encourages OPIC to expand its operations to US businesses, and non-governmental organizations, that work directly with African rural populations to support women, small scale farmers and rural entrepreneurs.
Africa Investment Funds
OPIC currently has four privately managed investment funds available to support investment in Africa; the New Africa Opportunity Fund, Modern Africa Fund, Global Environment Emerging Markets Fund II, and the Aqua International Partners Fund. In addition to these existing funds, during President Clinton's Mission to Africa in March 1998, OPIC announced a call for proposals to support one or more private equity funds with aggregate capital of up to $500 million to be invested in privately sponsored infrastructure projects in countries of sub-Saharan Africa.
1100 New York Avenue, NW. Washington, D.C 20527
For General Information : OPIC InfoLine: 202-336-8799.
For Information via the Internet : http://www.opic.gov
MIGA - Multilateral Investment Guarantee Agency World Bank Group
The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 as a member of the World Bank Group to promote foreign direct investment into emerging economies to improve people's lives and reduce poverty. MIGA fulfills this mandate and contributes to development by offering political risk insurance (guarantees) to investors and lenders, and by helping developing countries attract and retain private investment.
MIGA provides a full range of investment marketing services to help developing member countries attract foreign direct investment, and ultimately spur economic growth and help reduce poverty. Angola is member of Miga.
1818 H Street, NW. Washington, DC 20433, USA
For Information via the Internet : www.miga.org
The Export-Import Bank of the U.S.
The Export-Import Bank of the United States is an independent US government agency that assists in financing the export of US goods and services primarily to emerging markets throughout the world by providing loan guarantees, export credit insurance and direct loans.
For Information via the Internet : www.exim.gov
E-mail: ExImAfrica@exim.gov
Promoting Economic Cooperation with Sub-Saharan Africa
Africa is home to nearly one-fifth of the world's natural resources and more than half a billion people. As U.S. commercial relations continue to grow with many African economies, an increasing number of American firms and investors are recognizing the opportunities on the continent for mutually beneficial business partnerships.
The U.S. Trade and Development Agency (TDA) places a high priority on Africa in carrying out its dual mission of supporting overseas development projects and promoting U.S. exports. In fact, one of the agency's first grants was signed in Africa - in Tanzania in 1981. Since then, TDA has invested over $46 million in funding for activities that encourage further economic development in Africa. This investment has translated into over $600 million in exports for American companies.
TDA accomplishes its trade and development mission through funding feasibility studies for individual projects and arranging orientation visits and conferences that connect project sponsors with U.S. investors and suppliers of products and services. TDA also offers funding to foreign governments for technical assistance that supports capacity building initiatives and the implementation of trade agreements.
Some projects in Angola in which TDA has been involved:
Luanda International Airport Refurbishment - TDA has approved $322,150 in funding to the Angolan Ministry of Transport for a feasibility study on an investment plan for completing the modernization of the 4th of February International Airport. Selection of the U.S. firm that will conduct the study is currently underway.
Port of Cabinda Expansion - TDA has signed a $374,850 grant agreement with the Government of the Province of Cabinda to partially fund the cost of a feasibility study on the proposed Cabinda Port project. The expansion is designed to allow the operation of ships with greater draft dimensions and meet the internal transportation needs of the province while contributing to the economic integration of the entire region. The U.S. firm that is conducting the study is GoodWorks International, LLC. Potential U.S. exports related to this project are estimated at nearly $ 100 million.
For more information contact : Regional Director Henry D. Steingass or Country Managers Lance Ludman and Cybill Sigler
1621 North Kent Street - Suite 200 - Arlington, VA 22209-2131
TEL: 703-875-4357
FAX: 703-875-4009
Web Site : http://www.tda.gov
E-mail: info@tda.gov
OPIC is a self-sustaining U.S. agency that sells investment services to small, medium and large American businesses expanding into some 140 developing nations and emerging markets around the world. OPIC's political risk insurance, project finance and investment funds fill a commercial void, create a level playing field for U.S. businesses and support development in emerging economies.
Africa Initiatives
With U.S. foreign assistance spending under tight constraints, OPIC's role in mobilizing private sector resources has become an increasingly vital component of U.S. foreign policy for Africa. In both the Administration's "Partnership for Economic Growth and Opportunity in Africa" initiative launched at the White House on June 17, 1997, and in legislative efforts by the U.S. Congress, OPIC has been an active participant in the efforts to enhance commercial relations between the United States and Sub-Saharan Africa.
Toward this end, OPIC has participated in four high-level U.S. missions to Africa, including President Clinton's historic visit March 1998. On each of these visits to Africa OPIC signed updated bilateral investment incentive agreements that will help facilitate and expedite OPIC supported investments. Modernized bilateral agreements have been signed since 1997 including, Angola, Benin, Botswana, Cote d'Ivoire, Equatorial Guinea, Ghana, Kenya, Madagascar, Mauritius, São Tomé and Príncipe, Tanzania, Uganda and Zimbabwe.
OPIC is also included in the Africa Seeds of Hope Act, which was passed during the last Congress and signed into law by President Clinton. It encourages OPIC to expand its operations to US businesses, and non-governmental organizations, that work directly with African rural populations to support women, small scale farmers and rural entrepreneurs.
Africa Investment Funds
OPIC currently has four privately managed investment funds available to support investment in Africa; the New Africa Opportunity Fund, Modern Africa Fund, Global Environment Emerging Markets Fund II, and the Aqua International Partners Fund. In addition to these existing funds, during President Clinton's Mission to Africa in March 1998, OPIC announced a call for proposals to support one or more private equity funds with aggregate capital of up to $500 million to be invested in privately sponsored infrastructure projects in countries of sub-Saharan Africa.
1100 New York Avenue, NW. Washington, D.C 20527
For General Information : OPIC InfoLine: 202-336-8799.
For Information via the Internet : http://www.opic.gov
The Multilateral Investment Guarantee Agency (MIGA) was created in 1988 as a member of the World Bank Group to promote foreign direct investment into emerging economies to improve people's lives and reduce poverty. MIGA fulfills this mandate and contributes to development by offering political risk insurance (guarantees) to investors and lenders, and by helping developing countries attract and retain private investment.
MIGA provides a full range of investment marketing services to help developing member countries attract foreign direct investment, and ultimately spur economic growth and help reduce poverty. Angola is member of Miga.
1818 H Street, NW. Washington, DC 20433, USA
For Information via the Internet : www.miga.org
The Export-Import Bank of the United States is an independent US government agency that assists in financing the export of US goods and services primarily to emerging markets throughout the world by providing loan guarantees, export credit insurance and direct loans.
For Information via the Internet : www.exim.gov
E-mail: ExImAfrica@exim.gov
