The United States Agency for International Development (USAID) helped to kick off the Prosper Africa Build Together Campaign at the Corporate Council on Africa’s U.S.-Africa Business Summit which took place on July 27 – 29, 2021. The goal of the campaign is to elevate and energize the United States’ commitment to trade and investment with countries across the African continent under the Biden-Harris Administration.
USAID and 17 U.S. Government agencies—and working hand-in-hand with the private sector, African governments, and multilateral organizations— hope to bolster trade and investment in key sectors such as clean energy and climate smart solutions, health, and digital technology. Indeed, the USAID is reaffirming its commitment to driving billions of dollars of investment in Africa and supporting thousands of jobs for both African and American workers. The agency plans to accomplish these goals by promoting new opportunities for African and American businesses, investors, and workers; working with African governments and the private sector to strengthen business enabling environments and investment climates; modernizing and synchronizing U.S. Government services to provide businesses with a coordinated support package; and fostering the conditions that will mobilize investment in Africa’s infrastructure, consistent with President Biden’s Build Back Better World partnership.
The vision for the Prosper Africa Build Together Campaign is to evolve the U.S. relationship with African nations from one based mostly on aid, to one increasingly based on trade and investment. USAID is committed to strengthening private sector ties between African nations and the United States, spurring investment at a scale that could never be matched by foreign aid alone, and partnering with people across the Africa to realize the shared vision for a better future.
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