Pipeline Project

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Disclaimer

Barak Fund Management will not be liable for any special, indirect, incidental, consequential or punitive damages or any damages whatsoever, whether in an action of contract, statute, delict (including, without limitation, negligence) or otherwise that relate to the use of this website. All information contained in this website pertaining to products and services and their terms and conditions, is subject to change without notice.

Although care has been taken as to what is contained in this website, no attempt has been made to give definitive or exhaustive statements of law or any opinions on specific legal issues and no representation is made or warranty given that the information is complete or accurate. This website does not constitute or offer legal or other advice and you should not rely on it as such advice.

Past performance is no guarantee of future returns and the fact sheets provided are for illustrative purposes only. The value of investments and income that are dependent on the performance of underlying assets or other variable market factors may vary from time to time. Investors must take cognisance of the fact that all the information provided are of historic nature.

Use of the website is entirely at the users own risk. Anyone requiring advice on any of the matters referred to herein should consult lawyers or other professionals familiar with the appropriate jurisdiction and legislation.

This Site contains information from Barak Fund Management and about the investment Funds it advisers. The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy. The distribution of information contained on this Site and the sale of shares in the Funds may be subject to legal or regulatory restrictions in certain countries in which users are resident or of which they are citizens.

This Site and its contents are being made available for the convenience of the present Investors of the Funds and such other persons expressly authorized by Barak Fund Management (“Authorized Persons”) for information purposes only, provided such Investors and Authorized Persons are not prohibited by any applicable law of any jurisdiction from receiving such information. Persons accessing this Site are therefore required to inform themselves about and observe such restrictions.

Barak Fund is an authorised financial services provider.

Disclaimer

Barak Fund Management will not be liable for any special, indirect, incidental, consequential or punitive damages or any damages whatsoever, whether in an action of contract, statute, delict (including, without limitation, negligence) or otherwise that relate to the use of this website. All information contained in this website pertaining to products and services and their terms and conditions, is subject to change without notice.

Although care has been taken as to what is contained in this website, no attempt has been made to give definitive or exhaustive statements of law or any opinions on specific legal issues and no representation is made or warranty given that the information is complete or accurate. This website does not constitute or offer legal or other advice and you should not rely on it as such advice.

Past performance is no guarantee of future returns and the fact sheets provided are for illustrative purposes only. The value of investments and income that are dependent on the performance of underlying assets or other variable market factors may vary from time to time. Investors must take cognisance of the fact that all the information provided are of historic nature.

Use of the website is entirely at the users own risk. Anyone requiring advice on any of the matters referred to herein should consult lawyers or other professionals familiar with the appropriate jurisdiction and legislation.

This Site contains information from Barak Fund Management and about the investment Funds it advisers. The information contained herein does not constitute a distribution, an offer to sell or the solicitation of an offer to buy. The distribution of information contained on this Site and the sale of shares in the Funds may be subject to legal or regulatory restrictions in certain countries in which users are resident or of which they are citizens.

This Site and its contents are being made available for the convenience of the present Investors of the Funds and such other persons expressly authorized by Barak Fund Management (“Authorized Persons”) for information purposes only, provided such Investors and Authorized Persons are not prohibited by any applicable law of any jurisdiction from receiving such information. Persons accessing this Site are therefore required to inform themselves about and observe such restrictions.

Barak Fund is an authorised financial services provider.

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Obama Promotes Trade, Investment Between U.S. and Africa

Speaking at the US-Africa Business Forum in New York a day after his final appearance at the UN General Assembly, the U.S. President Barak Obama made a strong point towards the required strengthening that is needed between U.S. and African trade. He made the point that Africa is not just looking for Aid, but rather to grow and strive in the global markets trade and investment is critical.


Posted: 29 August 2018

African Business Magazine highlighted the importance of President Obama’s speech, saying that the speech represented one of Obama’s final addresses on Africa policy after eight years at the helm. The president took the opportunity to review his legacy on the continent, highlighting his four visits – a record for a US president – and his administration’s renewal of the flagship African Growth and Opportunity Act (AGOA), which provides tariff free-access to the US market for African manufacturers.

Obama went on to say that “We are making progress, but we’re just scratching the surface. We have so much more work that can be done and will be done. Only a fraction of American exports — about 2 percent — go to Africa. So there’s still so much untapped potential.”

The president stuck to his mercantilist vision for future relations, highlighting Power Africa’s ‘real progress’ and further spurning the aid dependency that characterised Africa’s engagement with previous US administrations.  “This is a US-Africa business forum. This is not charity. All of you should be wanting to make money, and create great products and great services, and be profitable, and do right by your investors,” he said.

Obama went on to highlight the prohibiting factors that continued to contribute towards Africa’s perception that trade with the EM continent was not always on the global map for investors and governments alike. “Graft, cronyism, corruption — it stifles growth, scares off investment. A business should begin with a handshake and not a shakedown. The truth is, is that those governments that are above-board and transparent, people want to do business there. People don’t want to do business in places where the rules are constantly changing depending on who’s up, who’s down, whose cousin is who.”

Despite this, the President concluded that if more focus can be shown towards Africa’s growth and infrastructure potential, then the continent will begin to adapt more towards global standards and begin to build more regulated systems. For Obama’s last speech in office towards Africa, it highlighted what is on so many Africans’ minds: hope and potential for trade prosperity for the continent’s future.

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