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What does Trump have under the Christmas Tree for Africa? Or is his sack empty?

What does Trump have under the Christmas Tree for Africa? Or is his sack empty?
FILE: President Donald Trump speaks before a luncheon with African leaders at the U.N. General Assembly in New York on Sept. 20, 2017 in New York. PHOTO/Getty Images
Tuesday, December 10, 2024

By JP Følsgaard Bak

An old Danish saying goes: “It is difficult to predict, especially about the future.” This humorous yet insightful remark holds much truth.

Predicting Donald Trump’s actions is particularly challenging, as his decisions often appear spontaneous and driven by current events. However, one consistent trait stands out: his sharp business acumen and promotional instincts.

Viewing his decisions through this lens can provide some clarity.

When it comes to Africa, it is evident that the continent has not been a top priority for him thus far. Yet, based on his track record, it seems likely that Africa will soon capture his attention.

Why?

Trump’s competitive nature makes him acutely aware of Africa’s growing importance, both economically and geopolitically. He recognizes that Africa’s potential is immense and that the United States needs Africa just as much – if not more – than Africa needs the U.S.

Additionally, the global focus on Africa, especially from Europe, signals the continent’s role as a key driver of future growth.

While we may not expect his administration to prioritize initiatives like the African Growth and Opportunity Act (AGOA) – given its alignment with Democratic policies and its incompatibility with his tariff-focused strategies – we can anticipate significant business engagement. Similarly, support for the African Union may be limited, as Trump tends to prefer bilateral negotiations, often employing a “divide and rule” approach.

High-profile summits and visits might also be scarce, but substantial business investments are almost certain.

Africa today is advancing on its own terms, driven by its own initiatives. However, partnerships with the world’s largest market could accelerate this growth, particularly if they include technology transfers and knowledge sharing with the African private sector.

In the coming years, we can expect a wave of international interest, with foreign bidders eager to participate in Africa’s growth story. It is safe to say that Donald Trump will likely be among them, driven by his keen sense of opportunity.

JP Følsgaard Bak, Esq., a former lawyer, is a dedicated international social entrepreneur and serial entrepreneur. He co-founded several technology companies, including EMX Group (a biomedical microchip manufacturer in California), Sûrtab S.A. (a tablet PC manufacturer in Haiti), and Bak USA. Currently, he serves as Chairman of Industry Five Group, with operations in the USA, Denmark, Uganda, Nigeria, Gabon, and Ethiopia.

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