Meeting of the President's Advisory Council on Doing Business in Africa

Meeting of the President's Advisory Council on Doing Business in Africa

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Good morning everybody. It. Says here I'm supposed to gavel, I don't have one so. To. Order again. Thank you all for, attending, this. Morning's, packed, DBIA, meeting, it's, a very. Strong. Indication, of the administration's. Continued. Focus on Africa, we. In the pack DBIA are very interested. In working, with the administration and really continuing, the focus on on working. Together and, bringing in. America, approach, in a United, States approach between the private sector and the USG. We've. Been working over. The last couple of months on. A. Task from, the, secretary. On identifying. Issues. Around. Approaching. Africa, competing, in Africa, and operating, in Africa and. We will address those today and the remarks, from. Our, colleagues, as we. Go through the morning around. Some of the issues that that. We see in those three three. Key areas and, we will then, then. Address, going. Forward how, to address, some of those issues and continue. To move forward from it driving. Economic growth, in. Africa, along. With continuing. To drive US business, activity, in Africa, as well so. I will again thank you all for attending secretary. Thank. You for your support, continued. Support, and I'm going to turn it over to Laura. Thanks. Jay and good morning everyone I am really. Pleased to be here today as part of the backpack DBIA. Because. I do truly, believe that collectively. We can accomplish great things together. To, advance an American, approach for the continent, my. Name is Laura Lane and I'm honored to serve as the vice chair for, the PAC DBIA. And like, all of you my career, has given me an incredibly, deep appreciation for, all the good that comes out of boosting, the trade and commercial relationship. Between countries. Particularly. In the African, continent, and in, this case we're focused on the sub-saharan Africa, with all of the diversity of opportunities and, challenges that, exist in the markets, that brings, opportunities. For American, companies but, requires, that partnership, with government to really realize, those opportunities, so, we have, an incredibly, esteemed, group of public, and private sector representatives, coming, together today, and under. Your leadership mr., secretary, to, find the solutions, and mutually, beneficial opportunities. For growth so I look forward to reviewing the report with, everyone, this morning but, let me turn it back over to You mr. secretary, well, good morning and thank, you Jay and Laura for, your leadership, on this council and I thank all of the members of the council, for, your ongoing, work and. Finally, I thank the National Security Council for, graciously. Hosting, this meeting that's, their fourth time doing so during, the three years that the PAC DBIA, has. Been in existence. I'm. Pleased, to finally meet the PAC DBIA, in person, it. Has been three months since we all met by phone and I, posed to you on behalf of the president, a set, of tasks, intended, to channel, your, varied, experiences. I asked. You to make recommendations. That would inform, US. Government's strategies, to, help make American, companies. Pursue. Win. And, execute. Business, opportunities. In Africa. Specifically. I asked, one what. Are the three biggest factors. That, keep American. Companies. From. Approaching African. Markets, 2, what. Are the biggest obstacles, to. The success, of American, companies, already. Competing. In pfaff Rica third. From. The perspective, of American, companies, already. Established. In Africa, what, are the three characteristics, of, African, markets, that, most hindered the ability, of, American, companies, to operate effectively. And. Efficiently. Today. You, have convened, to adopt a report, that, I hope provide. The answers, to. These questions we'll. Be discussing, each of the nine issues in, the report in some detail, which, means we have quite a bit of business to, do today. So. I'll stop here and just say, I'm looking forward to an interesting, and active discussion, with you thank. You, Thank. You mr. secretary, appreciate, those remarks. Cyril. Would you like to make a few remarks as, well. Okay. Great. All, right as I said the report, has been worked on between. The. PAC DBIA. Companies. As well as the government. Agencies. And, we. Want to introduce that report, to the to, the committee and. Again. The context, was the secretary, mentioned was.

Around What. What are the obstacles. Issues. Potential. Around. Approaching, Africa, competing, in, Africa. And then operating, in Africa for US companies so I'll turn it over to Laura to work. Us through the report, mr.. Secretary, in order to pursue win, and execute, on deals in Africa, the council got together and focused on those three areas of approaching. Competing, and operating, in this market, we're, gonna focus first on the first set of issues with respect to approaching. Business. In Africa, what, are the key issues that companies, face when they're considering, expanding into, Africa, and this, includes American, firms that are looking to export. Their products, into African, markets, as well, as those that are thinking about putting in a physical, presence or concluding, business, contracts, with partners, in in various. Countries in sub-saharan Africa. And the, principles, of the council, identified. The. Idea, of distinguishing. Between not, just perceived, but those actual, market, risks because both of them come into play in terms of limiting, the types of companies that decide, to approach the African. Market as a possibility, and really, harnessing, markets, and demand as the core issues, for, approaching. The continent, for those opportunities so I want to turn it over to Barbara for some initial comments along those lines. Thank. You Laura, and Jay and thank. You fellow. Councilmembers and commerce. Staff we really appreciate, you convening, this, mr.. Secretary, as a small business owner operating, in Africa, for the last 20 years I've. Had a first-hand understanding of. The obstacles, facing American business in doing business in Africa however. I am still there but. In summarizing, what our council has determined are the obstacles other US businesses, have, in following us to the continent, we, have identified, that the aspects, of risk perceived. Versus, actual is, a significant. Element in and of itself it. Is clear that African markets offer multiple opportunities for US businesses to. Grow their operations on the continent as this.

Is Being done by businesses, from other nations as well yet. The rate of expansion does not reflect the potential, growth for American companies in Africa as I. Mentioned as a group the council identified, risk both perceived and actual as a concern for US business in. My experience, the actual risk are not that different from any other part of the world yet. US companies continued, to be reticent to compete or even consider the content I believe. That we need to reignite the pioneering, spirit that is a core American value, and overcome. These obstacles and, head east to Africa, the. Perceived risk an - actual, risks we categorize. Under the following headings, legal. Regulatory, risk for. An exchange risk, liquidity. Risk. Political. Risk and headline, risk. What. Do these risk categories, mean to businesses, as they consider approaching, African, markets the. Legal and regulatory risk, can be defined, as the rules of the road when. Learning to navigate in African markets the perceived risks, are found in the enforceability, of contracts. The dependability, of the regulatory, and tax process, and the. Consistency, of the legal process for, many US companies considering, Africa, the rules of the road are perceived as weak or difficult to navigate, for. An exchange risk, liquidity, risk. Perceived. Or actual risk, money. Is the fuel of business and the perception, that central, bank functions, that. Support free movement of funds along, with economic controls, to, have stable currencies, is a major issue for companies considering, Africa. The. Political, risks there's a perception, that the political, environment is not stable and regime change is not democratic. The, reality, is that several key countries in Africa have gone through several peaceful, democratic electoral. Cycles and, finally. What we described as headline, risk this. Can be defined in the, loose analogy I've been putting in place as the road signs on. The, road the stop Argo signs and which come in the ways of news headlines about, anti-money. Laundering violations. Office, of Foreign Assets, Control sanctions.

Or Other prominent, events in summary. We identified, these four areas under the broad category, of risk in the evaluation, stage being, done by companies as they approach African, markets so, thank you for this opportunity. In, all of them one of the first things of small and medium-sized businesses consider, is where should I go there, are over two point two million exportable. Companies, here in the United States and only 330, thousand, of them actually export. And the majority of those places, are to Canada, to, Mexico, and, to China and we. Look at this and we say why aren't they doing more, and I think one, of our roles is to look. At how we can help them and influence, them in reshaping, the image, of Africa. Perhaps not even as a continent, but as individual, countries and, and. Promote those and promote those opportunities, and I think the leadership of the US companies, that have already been there and blazed the trail if they can help work with us to, identify. Areas where, there. Are opportunities. For these small and medium sized companies because, I think that's the way that we we can do it there is risk and they definitely, feel it. Thank. You Erin um Eric, Meyer of the Treasury Department did you want to interject, as well thank. You Thank You Laura and, as pleasure to be here today I. Think. I think one, of the important parts you made Barbara was that, the there are risk and there, are risk in Africa like there are everywhere, in the world that American businesses, are active. Or trying to be engaged. The. The, challenge, in Africa, as you said is a perception, that. For. Some reason the bar is so much higher and. I think it's, really important that you all have put out and began to draw out in, more detail what some of those perceptions. Are, so. That we can work, together to try and find ways to. Clarify. And. To bring light on - on to what those issues are so. I think it's. Really important that you've highlighted some of these I think regal legal and regulatory risk is one that we hear very frequently, when we are meeting.

With American companies that are either interested, in or actually active on the continent, and I think that's a that's really important, I think. I can just be brief right now and as we're gonna talk a little bit later on about some of the foreign exchange and. Liquidity. Risk issues so I don't need to to. Go into that a whole lot more I did. Think it was interesting and your headline risk that, you all highlighted, things like, anti-money, laundering violations. And. US. Sanctions, and, I think that, points to. It. Points to a I. Think it points to a real risk but. It's a real risk that's everywhere and, I, think, from our experience I. Wouldn't, say that our the, the use of sanctions or, the violations, that we've seen are. Disproportionately. In. Africa. So. I think that is an area where we need to try, and get some clarity but. You do point out an issue which is for us a macro, economic. Fundamental, issue which is that, countries, across the continent need to be investing. In their legal and regulatory regimes. So. That they are able to operate at the highest standards thank, you. We. Can open the floor for any additional, comments, that anyone might have. Otherwise. Let me recognize Fred, Susanne to, present on underdeveloped, capital, markets, and some of the challenges, that presents for approaching the, continent, thank. You Laura and. Thank you mr. secretary for for, having us, Capital. Markets be provide a conduit for private sector funds to flow through to African. Projects, what. We've seen as we've seen a good, a, good. Scenario Africa, growth has really now started, outpacing. The ability, of public, sector funds to keep up with the growth, but. Capital markets, the. Investments, present, a substantial opportunity. To US businesses, to. Provide goods and services to African, customers. The, private sector has a desire, to participate in, this growth but. The capital markets need to real but. Efficient, capital markets, are needed to realize, realize. This investment interest, there. Are a few the. Council has identified the, following barriers, to efficient, private. Sector. Capital, to Africa. One. Is the. Access, to access. To you in the cost of capital.

Currently. Currently. Capital, is not readily. Available in, all markets, and the cost of that capital, are sometimes. Pretty, prohibitively. High, for. The investments, number. Two, markets. Lacked the financial, transparency data, and standards. Needed. To attract private sector capital to those markets, number. Three debt. And equity market, liquidity a shallow or like the liquid in in. Many of these markets the. Capital. Markets, are. Fairly. Underutilized. They. Don't have a lot of external, participation. And that. Doesn't create the. Momentum. That, are needed, to finance. The projects that are happening within those markets. Number. Four, basic. Financial infrastructure such as telecommunications and, Internet is missing, or or, needs, improvement. In. Many of these areas, for. Example, the. Data transfer required, for capital markets in order to keep them to. Keep them flowing smoothly. It's. Just, is running over antiquated. Systems, they're. Not able to communicate internally, effectively. Or externally. Which. Arrest confidence, from private, sector. Number. Five regulatory. Framework, frameworks. And institutions. Are underdeveloped, and lacks standardisation and. I, think that this is more of an education, issue in many of these markets the. The. Capital markets are relatively, new they're. Managed. Sometimes, by folks, that are not as educated or, as, experienced. In Western, capital markets and so, what ends up happening is. The the. Frameworks, that are required to gain confidence from external, investors, aren't, necessarily, there so. Confidences. Conferences. And impacted. That. Concludes my statements. Thank. You very much, let me say a couple things at the outset. USAID. Takes this input from, the PAC dbi a very seriously, and. We. Really appreciate, the coordinated. And strategic. Inputs, of the report. We. Work. With African countries with. Economic, communities, and with the private sector to. Reduce barriers to trade and investment and, also, to foster linkages. Between US, and African. Firms and, we. Do this in a number of ways including our, regional, trade hubs that we have in Nairobi, Accra and. South. Africa, and also through, power Africa's, whole-of-government approach. In. Africa's. Energy sector, so, in terms of the report I. Think. For us it, would be very helpful to, prioritize. The subtopics. And, really. Highlight the binding, constraints. So. That we can understand, where we can be most constructive. In supporting. American, businesses. And. Then just one other thought is that on. Information. Communications. And information. Communications. Technology it. Might be broken out as a separate subtopic. Because. It. Has such a broad nature and also, this, this. Is a, sector, that's so important, for Africa's. Development Thanks. Just. A quick reminder for everyone since this is live it'd, be important. That everybody turn on their microphones, so that they can catch it on the livestream and everybody, can hear the valuable comments being made let, me turn it over to David O'Hagan from OPEC because, I know you have some good insights. Share related to, the. Underdeveloped capital, markets and ways in which OPEC, is partnering, great. Thank You Laura and thank you for the council, for this great report I would just highlight this through the spectrum, of an investor, before I did, it through the opaque lens which is everyone. In this room understands. That it's a risk reward ratio, for. Investors, and that, the. Report does a nice, job of, highlighting the. Rewards. And all, of you who are building an infrastructure, in telecom, and healthcare there, understand, that well, what I believe governments, in Africa have failed to understand. Is the perceived, an actual risk they're creating by trying to manage. Their risk whether, that's currency, exchange, or interest, rates it's, an important, factor, for the US government, as part of its commercial, diplomacy. Aspect. To ensure that we're talking. To folks who are less experienced, in economics, and some of our people. Here one. Thing that OPEC is doing in that regard is, as secretary. Ross serves on our board he'll be seen a. Board. Deal come up with a. Foreign. Currency, exchange.

Deal. Which these capital, markets particularly, underdeveloped, we've seen private equity players get, into. Africa. The. The depth the capital, markets aren't there and in particular, it's, stunning to me to find that you can't find this sort of five or ten or twenty year tenor that you might need and local currency, exchange which, typically falls on the most vulnerable so. I think that's our aspect, to the report that I believe, should be highlighted as well so thank you for your work there. Thank. You David, Kimberley. Do you want to provide some additional thoughts, as well thank. You so. My, company, amethyst, technologies. Is, a small business we. Represent, a US pharmaceutical. Company, who, manufactures. Their works in Asheville, North Carolina and. We, distribute, their product in Ghana the. Advantages. They had in Ghana were. Approval. In the FDA there, took about three months and, cost less than $10,000. The. Challenges, we have as a small business, our, access. To capital. 90. Plus days, for, payment. If. We're, lucky in many cases, and we. Have to pay 13, to 15 percent interest rates, for. A line of credit so. If. There are programs, that are right size for small businesses, that, can, provide access to capital at, a, low cost. Also, programs, that don't require significant. Time, to, implement, that, would be very beneficial for. Small. Businesses, in all businesses, in Africa, thank. You. Any. Other comments, that anyone would like to add yeah. Yes. I would like to add one thing one of the things that I've seen over the last seven, years there. Especially. In Kenya but also in other countries, Nigeria. Etc, is a tremendous. Entrepreneurial. Small. Business. Focused, by both, Americans. That are there as well, as the, African, people. And it's around, innovation. They. Are solving, problems they've got tremendous. Capability. And. Developing. Tremendous, solutions, especially solar, home systems, etc and the, reason I bring this up is because one of the things that is a real. Constrictor. Of their growth is the. Underdeveloped, capital. Markets the cost of money. Number one the acts accessibility. Of money and as, we think about environments. That spur, innovation here. In the US the. Ability to exit. If you will or to continue to get investment, going forward so though under, liquidation. Or that I should say the lack of liquid liquidity, in the markets, where. The typical, venture capital, of what we see here in the US is somewhat, non-existent. There are people that do it but. There's, also a real potential, to really draw drive, growth both both, in, Africa as well as here from some of the the, products, that are being developed here, as well. Thank. You Jay, one. Of the other important, elements, in terms of approaching, Africa, is that. Analysis. About market, size and whether the demand is there and whether there, is a readiness for US business, both to enter those markets, and thrive in those markets, so now let me turn it over to. Tech remelt aha me so. Thank You Laura and thank you mr. secretary for the time and support you're giving to the council.

So. Africa, is an attractive. Market. And is, a long-term, growth, opportunity. However. There are several. Issues that slowdown. US, businesses, approaching. Africa. Two important, ones are diversity. And competition, so. Africa is home today, to over 1 billion, potential. Consumers. By, 2050. Its. Size will increase by an additional, 1.3. Billion people. Estimated. To house. 26%. Of. The global population, however. Africa, is not one market, the, diversity, and variations. Of market conditions within. And, across. The, 49, sub-saharan. African, countries make. Approaching. Africa, challenging. For US companies. One, solution, often does, not. Fit. Every, country's needs and conditions, scaling. Business, is. Hard, and. Smaller, market, size often, equates, to smaller. D sizes, which stresses, the. Business model of some. Larger. US companies, also, small and medium US businesses, are challenged, to assess. And navigate. The size dynamics. Do. You. Impart. To lack of skilled market. Research. Firms, who. Can advise, on market, preference, and tailoring. Products. To a market, and the, expense, of doing so. For each potential. Market, they are. Exploring. For. Entry. Now. On the side of competition. Some US companies, are. Supporting. Better health, and disease prevention. Initiatives. IT. Enablement. Ecosystem. Development. Education. And skills. Development and. More. To increase market. Size within, countries, for, example, earlier. This year the, IBM CEO announced, the. Digital, nation Africa, initiative which, will support 25. Million, African. Youth with, access, to three skills development, programs, around. Much, needed. Technology, skills like digital, cognitive. Cloud. Application. Development, data, analytics, and, intrapreneurship. Historically. Companies, that had helped countries, in this manner have, benefited. From a spillover, effect. Of larger. Market size goodwill. And demand. For, their company's, products. And services. Today. Such, US company. Investments. Spillover, is being diluted, by, increased, competition, in, corporate. Social, responsibility. Especially. From companies, in China and India, whose. Corporate. And service, and, social responsibility, programs. Were. Nascent, or non-existent. Just a decade ago. Further. While the US government also has. Numerous. Impactful. Programs to support market, creation, opportunities, for US companies the. Chinese government, is also providing. More assistance, the. Chinese aid centers. Really, centers. The. Chinese aid centers rely heavily on concessional. And semi concessional, loans for. Infrastructure. And export. Credits but support, for their social development projects. Are on the rise so. As more. Nations, join, the u.s. in market, creation, efforts across the African continent, the, corresponding. Awareness, demand, and goodwill, for. Products, and services could likely migrate. Away from the, u.s. toward, the newly engaged nations, as, a result, US companies, will receive fewer, positive spillover, effects. From. Their investments. Despite, some, of the, ongoing efforts. From the US government, to facilitate market. Opportunities. In the region, so. The size and spillover. Market, dynamics, dissuade. US, companies, from. Approaching, and growing. The, presence, in Africa. Mr.. Secretary, in your current role you, have. A lot of, opportunities. To advance these, initiatives but you've also got tremendous isn't, his experience. Could. We get your thoughts on approaching. Africa, and some of the opportunities, and challenges there. One. Of the topics, that intrigues, me is how, can the business, community, or how can we in US government.

Facilitate. The, kind of market, integration. Market. Coordination. That, would help overcome, the scale problem. What, are the real reasons why, there. Aren't free trade agreements, that have better why. Are there differences. In customs, procedures. Non-tariff. Trade barriers and. How, can we deal with this because a lot of the issues you're raising our. Issues, of a lack of lack, of homogeneity, in, practices. Among them it seems to me so. Has. Anybody given real thought, to. What mechanism. There is or what series. Of strategies we, could apply to. Try to deal with that issue. I'm. Gonna offer some thoughts at the end but David. Not. Just to understand, the problems, but, have a path towards, solutions. David. Do, you want to interject. Sure. On on the demand. Side I'm, not going to recite, to you the demographics. And again. The the markets, that are being developed but. I think, we take for granted in a country, where, the Commerce Department, developed the notion of GDP, the, fact that these signals are harder to come by and, not at a not, necessarily sort of pan-african, context, but on a country-by-country basis, it's harder, for companies, to know where the real prospects, are I think, as we view it from an OPEC, perspective. Those, are primarily, around the, commodity. Space where we need to ensure there's the infrastructure, there both, roads. And, telecom, and. Other. Ways of being able to move, goods up the value chain to, be able to co-locate, on processed facilities, and truly move goods and services, across markets, and. OPEC. Stands ready to help with, product finance the, political risk insurance as, well as support for private equity funds and. Also want. To echo two creams point, on the. Competition that's going on in Africa. Right now in a geopolitical basis. As. The president said recently on, his Asian, trip we need to ensure that. Eurasia. Remains, open, and free to us goods and services I think the same thing is true of Africa. The, competition, that's going on there is, about American, prosperity, but it's also about American, security, so I encourage, companies to seek out opportunities that.

Promote Both of those as well. Thank. You Lauren thank you for, this committee for this reports, it's very helpful to get it get it get it the, industry - I think there's a real opportunity here, Inc, having. Spent the last 20 years working in Africa recognized, firsthand the competition, that, this report talks about it's, an area that USTDA. And, commerce have worked well together in the past is. Picking. Some priority, countries and, figuring out looking, around the table here the different government agencies, the private companies, are investing, in these, companies our, competitors, are going, in as a monolithic, here's, what we are providing, and we, are going kind of in a fragmented. And I think us TV and Commerce had been, successful, in China and India making, the case of here, is the u.s. presence, I think that the. Pack dpi has a real opportunity to come together pick. Some priority markets and make, the case of here's what the US government here's, what the private sector is bringing, so, it's we. Start to overcome this competition, issue of China's, doing this but the u.s. is doing this system this because I think there's some, real benefits, we can gain if we work together through. This pact EBI initiative. To, create a single, message, of what is the commitment to African countries so, we're, seeing as a more. Monolithic US approach. Thank. You mr.. Secretary I want to answer your question, directly why. Is there, not free-trade, occurring. Why is it not happening in these regional pockets, ups. As a company, we operate in 220. Countries and territories we, cross borders, every day we operate in 51, of the 54, countries, in sub-saharan Africa. And you know what a lot, stops, at the borders the border, processes, are one of the biggest impediments to, trade because, the reality is those processes. Involve, a lot of delays they involve. Outdated. Procedures, nothing. Is really done electronically. Which allows for efficiency, and security screening. And the kind of movement. Of goods across borders, that we I would say take for granted in more developed countries and the, reality, is we have an agreement that has already been. Agreed. On by a vast, majority of the members of the World Trade Organization, the trade facilitation agreement. And, that agreement. Represents. That. Foundation. From which we can build more trade opportunities. If we, can work, with the countries, in partnership, with the World Customs organization in, the World Bank the World Economic Forum, as well, as companies. Like UPS IBM, and many others in the room here that are working in partnership to. Help these countries improve, their border processes. I, believe. That once you transform, those processes, you allowed more trade to happen because, one of the challenges that exists. Is in, those processes there's. So much corruption, and, bribery at those borders, there's a lot of security, risks that occur there if we, can turn those processes. Electronic.

Bitstreams. Don't ask for bribes we, can move goods, across borders, and you know what that takes the risk out of the supply chains and those, supply, chains then can create more opportunities. For American. Goods to go into these markets and create new. Manufacturing. Opportunities and, grow, with. Them and that's fundamental. So start there and drive, that process that, would be something meaningful are. The government's, aware, of that problem and do they care about it it's, mixed so we've got some countries, that are willing to work in partnership and that's why the prioritization. Then I know the NSC, wants to give to a handful. Of countries that, this government, works with let's, make them the pilots, and in many way those positive, examples, of when, you create the right, customs. Processes, you create a lot more economic, opportunity, and that's their obvious, candidates. To be the test, cases. There's. A number of countries, that are already in the pipeline. Morocco. I know is one of them that has been working in partnership, we have activities. Underway in Kenya, there's a number, of others that have indicated. An interest in working in partnership, we can follow up with a specific list. But. If. There's, countries, that are willing to address those border, processes. They, represent. A good Ally for us in terms of addressing some of the challenges, that keep American. Companies, from exporting. And growing in those markets, so we can get you a more detailed list, okay. Because that might help as a shopping, list for the trip we're planning, in, 2018. Because. I think to make that trip worthwhile, we. Really need to have specific agendas. Specific, targets. Specific. Things that we want to get done, because. At the forty thousand, foot level we, can go on forever we. Need to do things at the ground level. Does. Anybody else want to add some additional comments. Yeah. That's. Okay, so. I just want to echo what she said we here at the NSC were doing. Research. On better electronics. No. I. Can. Yell I'm from a big family. So. The. Connectivity, issue is huge. And, I think people don't quite understand, how much this traps. Africa. Into, a lot. Of really bad things as a feedback loops are really, really bad with this. So. You. Know the the economic research, shows that if you double the efficiency of two ports, that. It's it's it has the economic, effects same economic. Effect is having, the geographic, distance between those ports. And. So in some sense Africa, is very far, away from. The rest of the world because. Of these connectivity, issues whether that is the physical, infrastructure. Or the the, processes, at the border or anything, else that slows it down and. The. Reasons for this is not simply that it costs, a little more to ship things. By UPS or even, quite a bit more, but. That if you have unreliable. Supply chains that companies have to hold tremendous, amounts. More inventories, the, research shows that companies. In these these countries, that poor connectivity have, this huge additional, cost of inventory carrying, and. Given the cost of capital is very high, either. Explicitly. Or implicitly, in these companies in these countries, you. Are imposing. A, tax, on those countries. Of several percentage, points of GDP just. From that one effect, alone and then, in addition to that we. You know we talk about the the resource curse now I pondered, this quite a bit with you know with Africa where it's. Hard to get them out of this resource curse situation. And the economics, of that are, difficult but then the politics, of that are as well you encourage, the corruption, in the bribery, where, there's this one or, two commodities that you can have very corrupt deals, about who, gets to access that and on what terms. But. You cannot have development, of more complicated supply, chains where Africa, gets integrated into, the rest of the world.

Without. Improving, the logistics, significantly. And once you do that then the economy is not solely dependent, on this on the, the vagaries, of commodities, markets, which then implies, tremendous. Volatility, the currency, is somebody said down here I couldn't see who it was but. His currency, issues that then result, from that and so, then you have a lot of risk that, investors, perceive, and so investors don't want to invest because there's this huge currency, risk and so you just have this whole, series of dominoes that fall over from. This problem so I think a, bigger. Focus on that. Would. Be helpful, I notice that it's mentioned, in the in the back of the report I would put it in front of the report, because. I think it's it's quite an important, issue we should focus on. Thank. You yes. Hi. I'm Connie Hamilton, from USTR, I just wanted to comment on this, discussion, I think we sometimes forget that we're talking about 55. Independent. Sovereign, nations, they, are not monolithic they're, not joined. Together even, then we talk when we talk about their regional integration in, their regional, organizations they still act very independently. So, the fact that they're working on a continent-wide. FTA, and we all have reservations. About what that's going to do and what that's going to mean but, by the end of 2017, they, hope to have at least in place a framework where. They're working together to address some of these issues they recognize, the challenge that they have in being small markets, and diverse and they're. Trying to deal with that and so I think that if we look at if we try to work with them carefully, on how they plan their FTA, this, continent-wide, thing, that we engage with them and offer ideas and capacity-building assistance to. Help them get to a place where they should be as they're putting together this package I think that would be helpful and help address some of these issues. Thank. You, anybody. Else yes, this. Session is, generating, with a. Lot. Of interest sorry, with. State Department just. To come back home what Connie said when, chairman Paki just visited for the ministerial, with secretary Tillerson he. Raised the issue of the Rex as well so. What the AU is going to start doing starting, next June is. Convulsion. 'el economic. Units. To their their au meeting and the, idea there is to push, forward with with, customs. And border issues, and others, the things that you were talking about what's, happening at the border and how can they get in traffic and trade your, report touched on the fact that it's at 16% its. Suboptimal, it's, really hampering their growth and so, this goes into the, the free trade but, as well a you fully, understanding, that and trying to work with the Rex to get regional, energy behind that and that's something that we support. Any. Other additional, comments I. Think. It's good time to move on to the next section, focusing. On competing, in the African. Market and here the council explored. The, biggest, issues, that, come. Into play in terms of ensuring, a level playing field for American businesses as, they grow, and expand, across the continent, and fundamentally. The obstacles, are there because there's an aggressive, approach by, foreign governments, with. Previous. Colonial, interests think the French think the Dutch think the Belgians, think the Germans, and, think about the Chinese, expansion. Into and, across the continent, and a, lot of the advocacy efforts, that go in support, of their businesses competing, in the continent there's also obviously the local content, requirements and. Some, of the most burdensome, public.

Procurement Procedures. That. All put US, companies, at a tremendous disadvantage, and. So really, focusing. On those. Issues is going, to help ensure, that quality. Goods, and services, that American, companies are known for are not, unfairly, hindered, because. The playing, field just isn't level and so I'd, like to turn to our Chairman. Ji Arland to, comment, on that, whole of government ecosystem. That enables, US companies. To be able to compete, effectively. Thanks. Laura. When. You look at the the, whole-of-government approach. We. See many, other governments, from, around the world in Africa. Competing. In a way that we do not, and. That that, can be as as. Far. Ranging, as bringing, a fully financed. Deal. With. The, associated. Companies. In their country. Into. The deal and presenting, it to the government, as a as, it with a concessionary. Loan, that. Gets that basically. Usurps. The public procurement role, role, because, it's a government-to-government deal, so. We see that we also have. Aspects. Of certain. Aid. That gets provided. To countries, around healthcare that, would be tied to, from. Governments, that. Then bring their their home country, products, or companies in. As the sole provider for the, equipment and services, around that so. It's it's not just China, or the East it's also. Europe. Germany, has a Marshall, Plan utilizing. The g20, focused. On Africa, it's. Mainly now focused, on around six countries these. Are the things that we, we, continually, see as a competition. Another. Way to think about it is from. A standpoint of, speed, is that. We an American. Company would come in put, together a deal put the pricing, together present. That potential. To the, government, whether. It's a, power plant a road or rail and then. Go try to get financing, and put a financing, package together it, takes quite a long time the. Competition. Comes in as a whole-of-government approach, with, here. It is it's done go, and we can start and break. Ground in a project within, within. Six, months or whatever so it's a very impactful. One for a president, for a company's. Head of state or a country's, head of state is, looking at different election cycles, as well to get things accomplished, so, as we look at what we can do as the US government and US companies is, to again, marshal, the resources, that. We have which, are very substantial. Between. USTDA, OPIC. Exim. MCC. USAID. Etc. Which which, now, operate. In somewhat, of a disparate, manner and really, focus, through on a strategic notion. Of what we want to do in development, finance and, it doesn't always have to be loans that can be certain, credit enhancement, facilities. Insurance. Not, just a political risk but also which we do have a product with. OPEC but also on on, credit, risk as well and. I think there's a lot of opportunity, for all of us to. Work together to really provide that capability and, really have a stamp, if you will of, projects. Around countries.

That, Says you, know here's, what a combination, of the US government, and US. Companies can bring to the, economic, growth of that specific, country. Thanks. Jay mr., secretary would you like to add some, thoughts. All. Of those entities, exist. Why, is it that they haven't been able to be accessed by, you fellows. I. We. Have been able to access it, it has not it's not in a question, of access it's, a question of of how, we go to market so. We've. Done projects, with without, plenty of projects with OPEC plenty of projects with XM, and we. Put together the project. All. Of the price let's say, an independent, power project all the pricing, etc the environmental. Work, that has to be done and then, we look at a topic, or XM, to fund. The debt or the equity and they. Go through their underwriting process. And. At that point in time so it's, a combination of, that speed number, and number. Two is we're worth sourcing, the deals which is fine but then there's also the potential, to. Work underneath a. Government-to-government. Discussion. Which. Then somewhat, alleviates, a lot of the can. Enhance. The speed but also alleviates, a lot of the competition I don't know Andrew if you want to comment on the one you have in Kenya, yeah. I think I mean Kenya's a great example of where there was an MoU put in place by by commerce and, we were able to work, directly with the government with, with Exim, OPIC. Commerce. And state and putting together this deal and that was one of the deals that we signed in August I think is a great example of that of having that MOU structure, in place two years ago and then we came in worked with the government on structuring, the deal and tying, the different agencies I'm putting in together that whole value chain and, if we can do more of that and we've talked a little bit about what, other mo use could we put in place and other strategic countries. To, be able to utilize that same approach. You.

2017-12-02 12:47

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Comments:

It would help greatly if the African continent as a whole weren't so war-torn and deadly dangerously tribal. Basically keeps most of Africa is in 3rd world status with pretty much no infrastructure. Africa is extremely rich in natural resource though.............lol

Let me get this straight: We've got a large, undeveloped, populated continent with no infrastructure, no reliable legal practices, no regulatory reliability, no standard business practice history, great governmental corruption/instability, and a tendency towards violence among themselves and outsiders (and they want your hard earned investment). Where do I sign up?

Lmao the problem with Africa is the fking war, disease, and famine. Not diversity

Make Africa Great Again?

Another broken campaign promise. *The scramble for Africa* sorry, but China already has a head start.

+Primero Ultimo (We're working on that too)

#MAGA, indeed.

Peace be unto you Now therefore if ye will obey my voice indeed and keep my covenant then ye shall be a peculiar treasure unto me above all people for all the earth is mine America The Great The Bold The Beautiful my beloved my sweet Uncle Donald John Trump, God bless you America The Great The Bold The Beautiful my beloved my sweet Uncle Michael Richard Pence, God bless you IN GOD WE TRUST GOD BLESS AMERICA THE GREAT FAITH GOD BLESS AMERICA THE GREAT NATION GOD BLESS UNITED STATES OF AMERICA a sweet Merry Christmas and a sweet and a good Happy New Year with auld lang syne my dear and always lucky with you and me and love and hugs and kiss yuli':):)

ERASE MANKIND JUST A PILE OF SHIT HERE IS THE UNIVERSE BLA BLA AND BOOKHOLDING OUT OF CONTROL WHEN YOU CLEAN UP YOUR OIL SHT IN SUDAN? http://www.news.com.au/world/asia/north-korea-fires-ballistic-missile/news-story/ac1a65e2487b5d8cfbfd60dc7a516cd2 WANT TO PAY DOLLARS FOR GARBAGE@SCRAP HOW MUCH A YOUNG BOY COST DIE@25 YEARS? WHAT IS YOUR VALUE LIE@GARBAGE https://www.youtube.com/watch?v=mleQVO1Vd1I&t=118s

God bless and protect America! Amen

go trump

Never saw any work like this, out of the 8 years of Obama team. Wilbur Ross is kicking ass and taking names already, less than a year in office. Great time to be an American. Trump/Pence/Tillerson/Kelly/Mattis 2020.

Africa would be an ideal place to grow Cannabis.

The first two people are part of the problem – nation building. Talking about driving "economic growth" in Africa (which is noted separately from "AMERICAN" economic growth in Africa)? And an "American approach" to the continent and the "collective"...? Do we own Africa now? You can see why their faces soured when Wilbur spoke and brought it all back to American companies and how best to make them succeed in Africa's markets... NOT how to grow, control, and manipulate other countries and their markets.

McMaster goes to Bildeberg meetings-  he and Mattis should be looked at

Justice is being served to Africa. In one generation Africa will be the largest controlling population, of the global economy. Before the world enslaved Africa. Soon Africa will enslave the world.

I AM ME, LOL. You are in for a severe disappointment.

2:10 Doing business in any country exterminating white people and Christians shouldn't be any kind of priority. Everytime any government agency begins with words like diversity, it's instant communication of white subservience. Let's start fighting for equality again. And let's quit doing business with slave traders.

What happen to all the views it was over 1,000 1 hr ago. Guess you are on youtu.be shit list!!!

Yes wonderful, and not one black , on the committee for Africa. Gimme a f n break.

There was one dispensing the bottled water.

cn 250, Of course not. They wanted to actually get something accomplished.

God Bless President Trump and The Beautiful First Lady Melania and their family. TRUMP 2020.

Boston Dynamics should build robot pet hyenas and sell them to Africans.We need to think outside the box.

Why...it's none of our business..besides China own most of Africa !

11 of CNN's staff disliked this video. SMH

No thanks I prefar see them in the hill more then pe Billuonar

Screw Africa; the whole god damn continent is corrupt and evil.......MAGA!

It's the dicators and the colonial powers, not so much the people.

While left media propaganda bashes Christmas White House deco, must be not enough whips,chains and porno movies played on entrance t.v.s, the left keeps getting fired for assault and rape. How deep their hole is. No wonder they don't feel Christmas. Africa will be empty if the EU gets their way.

Nonsense, that's why you felt compelled to reply. The children who saw it loved it. I know that would take the attention off you but that is what makes life better.

No one gives a shit about Melania’s decorating because ultimately it is completely unimportant

I support American trade in Africa,as long as the American taxpayer doesn't have to pay private security firms to protect businesses from African warlords and the average African attacking them with a cactus,or setting their pet hyena on them.We the world are tired of the African middleman taking 90 percent of donated aid to feed starving children.What measures are the U.S government taking to eliminate the African middleman without cost to the U.S taxpayer? Any trading with countries still engaging in slavery and human trafficking is an ethical challenge.Will American businesses wishing to operate in Africa turn a blind eye to slave labor employed by their African business partners? Does Nike have factories in Africa too?

Dirt poor farmers don't import food they can't pay for. Fail

How much food does America export to Africa? Africa is in the middle of a food crisis because the white farmers were kicked off their farms,and those farms were given to black Africans who didn't know how to be farmers.Why not give American farmers a big export opportunity to Africa? Only a liberal shit-head would call it "crisis capitalism".It's Africa's own fault for it's food crisis.If you kick out all the electricians and replace them with plumbers,you can't complain when the power runs out. Africa has the world's largest supply of gold and diamonds.If all they've got to pay American farmers with is gold and diamonds,i'm okay with that!!

20:29 --- Dr. Kimberly Brown President and CEO of Amethyst Technologies http://amethysttech.com Founded in 2006 Amethyst Technologies provides quality program development and comprehensive compliance services and products to the biotechnology and pharmaceutical, healthcare, food and beverage industries, as well as to the federal government.

lets get this yt account to 1 million so the white house has the 1 million playbuttong because they need it so much ofc i subbed btw

Slogan talk for ups....and big busiinesses

Oh yes and banks

I JUST SAW PRESIDENT DICKFACE VON CLOWNFUCK TRUMP PLAYING WITH HIS OWN BALLS AND HAVING GAY HARDCORE ANAL SEX WITH VLADIMIR PUTIN!!!! ROBERT MUELLER WINS 1-0!!!

Brandon Bennetzen no one gives a shit on what type of fantasy porn you watch

Brandon Bennetzen . Exactly, like we have seen brain damaged libtard terrorists like you with se ere damage in your prefrontal cortex being sent to the sewer where you belong together with the tranny african gorilla Michelle, the chimpanzee Muslim terrorist from Kenya Obama and the satanic lizard Hillary because that is the only place dirty enough for the four of you and there you can exude your foul stench or try to develop a prefrontal cortex to think with even though for a brain dead libtard terrorist that would be virtually impossible. Please eob't try to lick michelle Obama's pyssy because she only has a cock.

Nothing wrong with gay porn, bro, in a free society. The real problem is the rejection of objective reality and a willful embrace of abject stupidity that roils like neo-Marxist lava in the noxious ranks of the modern Left.

Brandon Bennetzen Stop watching porn you sick pervert. Wherever your treasure is, there shall your heart be also. You talk and post about gay porn because you watch too much of it

Elon Musk may help...and amethyst A small business ....really...and a pharm dist. Seriously!!!!

Trump is the biggest huckster of all

You don't want Musk the huckster anywhere near billions of dollars confiscated by the governing from simpleton millions.

Major problem with Africa is political risk.. each country is unique. Corruption is rampant in that continent. Each country needs to re-access itself before any US company even ventures in. Look at the US energy companies, they take an enormous risk in middle east. Africa in general has a major infrastructure problem. Some countries are not linked up. It's all about government corruption and money. Education is always blamed.. but it's only a part of the problem. Many African cultures are still in the dark ages.. is that wrong? No.. they may not want want US there! It's one reason why we see poverty and disease. They don't wish to progress. Populations have been controlled by socialist leaders for decades.

Trump is a traitorous criminal doing his best to harm America on behalf of his puppet master Putin. He must be removed from power by any means necessary

noooo, you think trump is a traitorous criminal and this guy just has ADHD.

I think the ALLCAPS is a dead give away for who the actual “retard” is

+Defec Tec LOL!!!!! "THE RETARDED" MUST BE IN MIDDLE SCHOOL AND MOST LIKELY A GAY THAT WANTS A SEX CHANGE OPERATION ASAP!

ex-PFC Wintergreen you're retarded

Keep guessing, I’m a freelance patriot committed to stopping Trump before he destroys America as Putin wants

ex-PFC Wintergreen Look everyone! It's a paid DNC propaganda troll. He probably belongs to Obama for America or some other DNC interest group. If he wasn't, then their is no explanation of why he wpuld waste all day, every day, spewing his bullshit on every Trump fan channel or Trump related video info. #dontfeedthetrolls

+1973mre CORRECTAMUNDO! :-)

+Hona Hona CORRECTAMUNDO! Brain-dead, ignorant and suicidal! LOL!!!!! :-)

I know you're a Paid Soros intern but absolutely what proof do you have to back up your claims. Because so far all I've seen is positive action from the president. So I am curious.

+Hona Hona CORRECTAMUNDO! The jackasses are THE MOST CORRUPT political party in the world and of all time in history. AND THAT'S A FACT. And MOST LIBTARDS Are The Stupidest individuals to ever exist in the entire history of civilization. AND THAT'S A FACT. "LIBTARDS ARE SUICIDAL" LOL!!!!!. :-)

Hona Hona You first!

Brandon Bennetzen. Indeed, like how Hillary was bribed with 145 million dollars to sell the Russians 20 %our Uranium without the Congress even knowing about it within the rule of law. Go put that comment in your ass, then go dip yourself in the toilet and I will gladly press the flusher to send you to the sewer where you belong together with the tranny african gorilla Michelle, the chimpanzee Muslim terrorist from Kenya and the satanic lizard Hillary because that is the only place dirty enough for the four of you and there you can exude your foul stench or try to develop a prefrontal cortex to think with even though for a brain dead libtard terrorist that would be virtually impossible.

Crass Roots. It is always laughable when a brain dead libtard terrorist with severe damage in his prefrontal cortex like you supports another brain dead libtard in his lunacy and blindness. Liberalism is a severe mental illness that destroys the cerebral cortex of those infected by it to the extent that they start throwing their dirt on others, like you. So the satanic lizard Hillary who was bribed to let Russia have 20% of our Uranium, it was Hillary who allowed the muslim terrorists kill and rape ambassador Christopher and three of his guards because he uncovered how she and the muslim terrorist from Kenya Obama have been channeling billions of dollars and weapons to the ISIS terrorists in moderate, Libya through Qatar and Turkey, it was Hillary who orders the killing of Seth Rich, it was Hillary who sent the Muslim terrorists some sensitive information on her private e-mail server and the list goes on. Bite your tongue, We the American People have chosen The Great American President Trump, He is returning back our economy with the stock market reaching its highest levels sivpnce 1945, returning our companies and industrial competetiveness to America, building the wall that will stop the influx of the drug cartels and the losers like you coming from the failed states of central and South America, stopping the influx of Muslim terrorists in our society and draining the swamp of which the satanic minions of the democrats like you are all part of it. Soon with Our Great President Trump we will clean the American society from the useless leftist terrorist parasites like you and we will send you to the sewer where you belong together with the tranny african gorilla Michelle, the chimpanzee Muslim terrorist from Kenya Obama and the satanic lizard Hillary because that is the only place dirty enough for the four of you and there you can exude your foul stench or try to develop a prefrontal cortex to think with even though for a brain dead libtard terrorist that would be virtually impossible.

Hona Hona Can we start with you?

ex-PFC Wintergreen. As far as we know it was Hillary who was bribed with 145 million dollars in bribe to allow the Russian intermediaries to get hold of 20% of our Uranium to Russia without the Congress even knowing about it, and it was Mueller who allowed this shady deal to Go to through.It was also the Democratic satanic minions like you who paid to Russians to smear Trump and his campaign. I know that liberalism is a severe mental illness that damage the prefrontal cortex of those suffering from it to the extent that they project from themselves on others like you, so you are the traitors who weakened our military, flooded us with Muslim terrorists and put us on the verge of economic collapse. Bite your tongue your Russian hallucination is falling apart as we the American People have chosen The Great American President Trump is going to send all the useless satanic minions like you to the sewer where you belong together with the tranny african gorilla Michelle, the chimpanzee Muslim terrorist from Kenya Obama and the satanic lizard Hillary because that is the only place dirty enough for all of you and there you can exude your foul stench or try to develop a prefrontal cortex to think with even though for a brain dead libtard terrorist that would be virtually impossible.

ex-PFC Wintergreen LOL, thanks for that comment, I really needed a good laugh today.

ex-PFC Wintergreen Within the rule of law!

ex-PFC Loves WinterCOCKS! NOT ONLY IS "BOROCK" A FAG & MARRIED TO A MAN HE'S ALSO A TERRORIST! :-)

Putin definitely helped Trump, but only to destabilize USA and potentially get more favorable treatment, but Putin doesn't control Trump. Give that conspiracy a break please...

Get rid of this whole council

Hona Hona and I'm not getting paid by tax dollars for my research in other Countries.

Use your real name and stop hiding

Hona Hona are you for real??? Grow up....i do not represent any side that doesn't take care of their own first...

Kimmy Behr . Soon we will get rid of you and the useless leftist libtard demoncrats like you.

I thought we were making America great again....bringing ourselves back!! Come on..really..here we go again

Hey give me your unlimited education....lets hear you tell me what the speech is about?

SpiritwindRadio your Rude attitude is showing..lol..

We need the rare earth minerals and other resources. Education of relevant information is your friend. Ur limited world view is what is wrong with the USA. Our dumbed down education is showing

Kimmy Behr like you, I don't think it can be fixed either. I am however, more likely to believe that a business man has a better chance at fixing any part of it than a politician.

Exanimis Rex I don't think its fixable ....sorry...its a runaway train and it goes so far back...the common person cannot even understand the language they are speaking....the laws written etc...

Kimmy Behr So, you think that Donald Trump should have fixed, in his first year in office, what the democrats and Obama ignored for eight years?

Kimmy Behr Indeed. This is a separate topic. One has nothing to do with the other. Exactly. This does not affect the improvement of depressed neighborhood one way or the other.

Or find able laborers here in this Country to do manual hard labor and pay them well .to provide for others entertainment

jay fine this does nothing to help find teachers to teach kids in Detroit Public Schools or feed the guy homeless here in Detroit!!!!

You don't seem to understand.... This council is about tapping the African market for the benefit of American business...

Kimmy Behr yeah! He's doing a great job isnt he? Just imagine the state we wwould have been in if Hillary had won.

Got ... Condoms & Birth Control ?

And, if you don't like guns, don't own one....if you don't relish global warming, don't drive a car....if you prefer higher taxes, pay more.

Unborn is unbaby. If you don't like abortions, don't have one

ex-PFC Wintergreen. Did Monica Lewinski abort her baby from Bill, O poor woman. Did any if the actresses harassed by Harvey Weinstein, or the women harassed by al Franken was raped by them and had to abort tgeir babies. O poor babies.

....and abortions too

AC/DC.4.LIFE ! Exactly ✔️

AC/DC.4.LIFE !. Who Bill Clinton with Monica Lewinski, or Podesta with the adolescent girls, or Weiner with young boys, or Harvey Weinstein with the young actresses, or Al Franken and the women in his office. Soon with Our Great President Trump we will clean the American society from the useless leftist terrorist parasites like you and we will send all the satanic minions of the democrats to the sewer where you all belong together with the tranny african gorilla Michelle, the chimpanzee Muslim terrorist from Kenya Obama and the satanic lizard Hillary because that is the only place dirty enough for the all of you and there you can exude your foul stench or try to develop a prefrontal cortex to think with even though for a brain dead libtard terrorist that would be virtually impossible

Most transparent administration! Thanks for the upload. Very informative.

FRAUD

ex-PFC Wintergreen not in my state. I seem to recall recounts. Trump won!

Trump didn't win, the election was rigged, he said so himself

ex-PFC Wintergreen nah i'm h pn

You’re gullible

your post tells all.. Trump WON! find a job already

so post the avie of a beer can. You're drunk. Trump won. Ha ha.

Transparently fraudulent

A lot of good things coming from the Trump admin. However, there exists many issues that remain accosted by a mentally-retarded governing approach which, unfortunately, seems to be the bane of all massive lumbering obedience-demanding entities barely worth the confiscated taxes that prop them up. Hopefully, Trump continues to break the mold and present the unexpected and alternative that hacks the knees out from under the globalist attempt to destroy individualism and freedom.

This administration is an absolute abomination.

******PRESIDENT TRUMP****** 8 YEARS ALL THE WAY!!!!!

+BrandonLovesFAT COCKS! DID YOU SMELL YOUR MOM'S GIANT CUNT TODAY? :-)

Eight years of the Donald will cure this nation...particularly when the RINO's like Corker, Flake and McCain start to be supplanted by the Judge Moores.

HEADBANGRR Did you also have gay hardcore anal sex with Vladimir Putin as well?

+BrandonLovesFAT COCKS! LOL!!!!! :-)

HEADBANGRR No, I think PRESIDENT DICKFACE VON CLOWNFUCK TRUMP should be!

ex-PFC Loves WinterCOCKS! NO, I THINK "BOROCK" SHOULD BE TORTURED UNTIL HE BEGS FOR DEATH. :-)

50 years to life, or executed by firing squad

Is it just me or is this president and his office more forth coming with videos like this to informing the American people on what they're doing to change the country? I've never seen so many videos coming out of the white house that has openly volunteered to inform the people the changes they're making. God bless America

ex-PFC Wintergreen -- Tax returns? You're a dumb cuck ass retard candy ass licky chewy nasty little worm - drink bleach - and then drink some more pussy.

ex-PFC Wintergreen -- You're a god damn disgrace - you and your fake ass military valor ....

ex-PFC Wintergreen there is no law requiring it,

It’s proof he’s not really Transparent or proud of his past criminal actions

ex-PFC Wintergreen it's not a requirement whatsoever. It's another imagined reason for people with Trump derangement syndrome to hate on him. He could release his first born son and ignorant anti Trump supporters would use it against him. I swear stupidity is on the rise. I encourage you to learn more, let's put an end to it

Kevin Charles it’s a requirement of transparency

ex-PFC Wintergreen I'm still waiting to hear back from Barry Soetoros birth certificate.. I mean barrack Obama. But the president doesn't have to disclose taxes. It's not a requirement. Let's stop accusing him of criminal activity without a shred of evidence. And don't get me started on the Russian stupidity please. There's enough stupidity to go around with anti Trump supporters. With zero evidence let's not jump to conspiracies. I read too much these days to be lumped into the anti Trump idiocy

Kevin Charles the limited taxes that Trump leaked were only the flattering part. Transparency demands a full release of Trump's taxes.... Unless they are what Putin is using to blackmail Trump

ex-PFC Wintergreen Rachel Maddow has them. You remember? The tax returns that anti Trump supporters demanded, thinking Donald Trump hasn't paid taxes but when they were leaked it showed that he over paid by millions. You haven't heard about them because it's yet another story that proves trumps innocence. But email Rachel Maddow for them if you want a peak

ex-PFC Wintergreen well, I'm no investigative journalist, but I'd have to assume since trump is a well organized person, that he has them in a file cabinet marked tax returns. Any other brain busters?

Mike Iaccino so where are his tax returns?

Kevin Charles this level of transparency that POTUS is pushing everyone towards is an absolute breath of fresh air. He truly understands what needs to be done, an unlike past presidents is not afraid of using the power of POTUS for the People. All in the first 11 months!! Well done Mr. President. Well Done. God & Country

Kevin Charles thank God for that!!!

Ever heard of PUBLIC RELATIONS?

ex-PFC Wintergreen I research the evidence. You want propaganda research all Islamic State countries and research Nazi Germany in the 30s you'll notice a ton of parallels. People recording themselves talking business like this is not propaganda dummy

You’re a sucker ingesting propaganda

+Kevin Charles CORRECTAMUNDO! IT ALSO FREAKS OUT THE "LIBTARD JACKASS CUNTS" :-)

Sending jobs to Africa? Africa is the new CHINA... Africa is China's China.

They're capable enough to be good manual laborers and consumers...just like the open borders crowd dominating the U.S., that's all the globalists require.

Crass Roots, Yes. That is a significant factor.

IQ

I think African enterprise is going to be somewhat self-limiting.

Mc Master must went out drinking last night

your too kind

Bugs Bunny . Was he drinking with your mom before her sexual orgies with many men. O poor swamp thing.

So many women in the Trump administration. Absolutely wonderful.

Don't tell our liberal friends in the media/politics/hollywood about all these women; they'll want to jump their bones.

violinhunter2 that's not entirely true. i'm a guy and i have my own ambitions and have no need for women to inspire me, my practices alone do that

Who? Dumb Betsy?

at least you have a job! Move.. we moved 5 times.. lived in 4 states!

H Pn: Trump forgot about me - I'm still working in New Orleans.... :-(

trump hires are based on smarts and competency.. he looks through race and sex.. He wants the best people.

Defec Tec: Well, yes of course, but the more women the better. Without women to inspire them to do great stuff, men would just sit around all day and do nothing..... :-)

doesn't matter whether they have a dick or vag, as long as they are capable and know what they're doing

A one term POTUS can't get anything good done for the slaves out here. Take it all, give it to the low IQ refugees and dirty illegals bringing germs we wiped out. I believe death might just be better for many of the forgotten ones. Then you can call us the murdered by tax theft ones!

Tax is theft. Give it back to us, we mandate it. The servants must be evaluated along with media. Or better yet, deputize all the patriotic people of this land. There will be no sanctuary left. Africa? How about here!!!!!!!!!!!!!!!!!!

Save natural life and animals in africa not people. They are trash

This meeting looked like a big waste of time. No kidding Africa is a dump, corrupt and politically unstable.....geez these snub noses think the internet is a deal breaker. How do you think businesses got started back in the old days? A lot of cash and true American grit that’s how! Get off ur snub chairs, get some duffle bags filled with cash and make shit happen. If we can sell millions of dollars worth of weapons to country’s to fight our wars, we can do the same for business. Get a thousand security contractors, a small military base and fucking infrastructure going first. Then start making deals, Africa needs an old world approach not snub noses like those in that room.

We have an awsome CEO running our country. We will be great again we will be everywhere we will inspire the world again

Haha you are right( almost).  The reality is that this is a place of great wealth.  Stunning mineral, oil, flora, water, people... riches.  The question, as one gentleman pointed out, is not the obstacles.  It is to know how to loop around them and get a hold of that prosperity.  For Americans and for those who will like to work with them

I find this report on Africa very sad.

I see all these videos as the building of the President Trump Library, open to the entire world!

KnightInShiningASMR *NOT TRUE!* Your "stupid black farmers" have just had a bumper harvest with higher production figures than 14 out of the 20 years of the "White farmers are so amazing" era before land reform. Google: Zimbabwe 2017 Bumper Harvest There's plenty of white farmers in Appalachia so why's that the poorest region in America despite being one of the whitest?

what goods and services that are produced in anmerica would africa need or want these countries are not developed countries and have to make their own goods africa is like a country that big america busines would set up a sweat shop to produce nike rebook t shirts

why does the usa need to break into every country

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