See beyond stalled US deal
Friday July 30 2021
US President Joe Biden speaks during climate change virtual summit from the East Room of the White House campus April 22, 2021, in Washington, DC. PHOTO | AFP
By BUSINESS DAILY
Summary
Many US firms are said to have frozen investment plans in Kenya due to uncertainty about a new free trade deal between the two countries.
The stalled deal should not make Kenya lose sight of other key windows that can still deepen its trade ties with US firms.
The current arrangement under the Africa Growth and Opportunity Act (Agoa), which expires in 2025, has largely been underutilised.
“Intrepid” US investors would not be too fazed by the recent turmoil in South Africa, Dana Banks, the senior director for Africa at the US National Security Council, has suggested.
America was also encouraged by the way President Cyril Ramaphosa had marshalled the resources of the government, and those of the private sector, to help companies build back and to help individuals who were affected by the looting, she said in an online press briefing from Washington, DC, on Wednesday.
Banks is also Special Assistant to President Joe Biden. She was recently deputy political counsellor at the US embassy in Pretoria and has mostly worked in Africa.
July 29, 2021 at 2:45 PM
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For the past month, this column has focused on the federal legalization of marijuana, which continues to be at the forefront of lawmakers’ agenda. A few days following my most-recent article, a 163-page discussion draft legislation intended to end the decades-long federal marijuana prohibition was unveiled by its lead sponsors, Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR), and Sen. Cory Booker (D-NJ). Here is a 30-page summary of the discussion draft for those of you who prefer CliffsNotes.
The draft bill, formally known as the Cannabis Administration and Opportunity Act (CAOA), was introduced “to spur a robust conversation among stakeholders” to inform members of Congress as they craft the final legislative proposal.
Norcross Applauds Passage of Comprehensive Government Funding Package July 29, 2021, 8:44 pm | in
Norcross Applauds Passage of Comprehensive Government Funding Package
WASHINGTON, DC – Today, U.S. Congressman Donald Norcross (NJ-01) voted to pass H.R. 4502, a package of seven government funding bills, focused on investing in America. The transformative investments in the bill will create good-paying American jobs, grow opportunity for middle class and small businesses and provide a lifeline for working families.
The investments created through this bill would greatly benefit the communities in South Jersey. Specifically, New Jersey’s First Congressional District would receive $290,000 in additional Workforce Innovation and Opportunity Act (WIOA) funds for job training in the district, $36.9 million in additional funding for schools and an additional $22.8 million in funding for veterans’ health care.
Lessons from Colorado, the Country s Oldest Cannabis Market cannabiswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cannabiswire.com Daily Mail and Mail on Sunday newspapers.