Purchase For Africa Presentation 5. 0 - Presentation Transcript
Purchase for Africa Empowering Africa through Socially Conscious Buying The Whitaker Group
What is Purchase for Africa? Purchasing program of African-manufactured apparel for export to the U.S. to help reduce poverty. Provides HBCU students with choices to purchase African-manufactured apparel, including t-shirts, jeans and jackets, from campus stores. This single act of purchasing from African manufacturers will provide income, jobs, hope & opportunity -- to the poorest people of the world -- who live in Africa.
People Helping People
Reduces Poverty in poorest countries in the world
Creates socially conscious buying power among HBCUs on international level
Maintains jobs for women workrkers caring for extended families, many infected with HIV/AIDS
Stirs potential African student interest in attending HBCUs
Why Should HBCUs Care?
Africa is the only region of the world getting poorer
HBCUs can help change this paradigm
Propels HBCUs as key players in U.S. Trade Agenda
Increases socially-conscious buying and potentially increases sales in campus stores
African Americans’ Impressive Purchasing Power 2007 : $845 billion up 166% in 17 years (1990: $318 billion) 2012 : $1 trillion (projection) 1 African American Teenage Consumers: Spend almost $96 more than U.S. teens 2 ] “ Source : [1] University of Georgia’s Selig Center for Economic Growth www.magazine.org [2] Ibid (magazine.org)
Trade-Led Development in Africa
Africa Growth & Opportunity Act (AGOA)
AGOA is a preferential program allowing most all African products to be imported into U.S. without duties and quotas from 40 sub-Saharan countries.
AGOA was designed to help create jobs and economic development in Africa
300,000 jobs created in Africa since 2000
$86.1 billion annual exports under AGOA
African countries’ eligibility for AGOA is based on commitments to:
Purchasing program of African-manufactured apparel more
Purchasing program of African-manufactured apparel for export to the U.S. to help reduce poverty. Provides HBCU students with choices to purchase African-manufactured apparel, includingt-shirts, jeans and jackets, from campus stores. less
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