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Cinnamon Carter

What the US Elections Outcome Means for Africa

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The effect and importance of US elections on the African continent has been largely ignored in discussions and debates.  Several countries on the continent are heavily dependent on trade with the US.  The performance of their currencies will be determined by the expectations of US interest rates and the sentiment towards emerging markets and commodity prices based on analysis by investment strategists.  According to Professor Leonard Wantchekon, New Jersey based affiliate of the Economics Department at Princeton University who spoke to African News

“The country that will be more affected in this current election is the country that trades with the US the most.  [Since the election went to Trump] it will much more like South Africa, Ghana, Nigeria, and Senegal.  And obviously North Africa as well because of its anti-Muslim stance will affect the relationship between the US and North Africa.”

  

The US is very vocal about providing aid and claims it is an important part of its engagements in Africa.  Aid policy had been central to President Obama’s administration with varying levels of success in various regions of the continent.  However, Africans are saying the tide has to change.  The continent needs a new kind of partnership that invests in Africa’s greatest resource, its people.  They are asking for a partnership that deals practically with the root causes of poverty and supporting, rather than dictating to Africans on issues of good governance and economic advancement.  It is felt that political candidates have made very little mention of policies having anything to do with Africa and only mention a change in trade policies with power houses such as China.  It is felt the African region remains secondary in terms of US interests relative to other regions in the world such as Asia or South America.

Source:Africanews.com
Author
Cinnamon Carter



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