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The country must approach its economic relations carefully to avoid becoming embroiled in escalating tensions between east and west, and more specifically China and the United States.
The country’s hosting of the AGOA summit in 2023 and its outcomes should strengthen its role in diplomatic relations and help protect the country’s economic interests. On November 2-4, 2023, the United States and 35 sub-Saharan African countries will meet in Johannesburg for the 20th African Trade and Economic Cooperation Forum (AGOA Forum).
This involves strengthening trade and investment ties between the US and sub-Saharan Africa through the African Growth and Opportunity Act (AGOA), US legislation that provides various trade preferences to eligible countries in the region.
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