Corporates Kenya

President Ramaphosa concludes positive Washington DC visit

President Cyril Ramaphosa has concluded his official working visit to the United States at the invitation of President Joseph Biden. The two leaders deliberated on a range of critical issues of national, regional and global importance during their bilateral meeting, where trade, investment, global peace and stability, health, as well as climate change and the just energy transition were discussed.


On trade and investment, there was agreement on the need to create a more attractive environment for American companies to invest in South Africa, where an estimated 600 US companies are already doing business in a range of sectors. A joint task force on trade and investment will be established to expand bilateral economic ties. In 2023 South Africa will host the African Growth and Opportunity Act (AGOA) Forum which will map the next phase of Africa-US trade.

President Ramaphosa welcomed the United States’ further commitment to improve bilateral trade and investment volumes, which will create much needed jobs and economic growth in South Africa.

President Ramaphosa expressed South Africa’s concerns about tariffs levied by the US on South African steel and aluminium products, which South Africa views as unfair and punitive.


The leaders affirmed their commitment to the Just Energy Transition and agreed that South Africa will require more funding to achieve an effective and just transition that leaves no one behind and that protects workers and communities that would be affected by the transition from fossil fuels to clean energy. The work on the investment plan for the Just Energy Transition Partnership between South Africa and the United States, United Kingdom, France, Germany and the European Union is expected to be completed by the UN Climate Change Conference (COP 27) in November 2022 in Egypt.


Global security and stability discussions focused on the insurgent attacks in Mozambique. President Ramaphosa acknowledged the assistance currently being provided by the US in responding to the insurgent threat in Mozambique. President Ramaphosa called for more US support in the provision of skills and resources to counter the terrorist activities that are causing great suffering in Mozambique and threaten the stability of the SADC region.


Africa’s food security featured prominently in the meeting with both Heads of State. “Following on from the discussions at the G7 meeting held in Germany this year, there is consensus on supporting Africa’s efforts towards fertiliser manufacturing, which will bolster Africa’s independence in ensuring the continent’s food security,” said President Ramaphosa.


President Ramaphosa raised concern about the Countering Malign Russian Activities in Africa Bill, which is currently before the US Congress. President Ramaphosa said that if it becomes law, the Act would unfairly marginalise and punish African countries for exercising their sovereignty in their pursuit of development and economic growth.

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