Africa: US announces renewed Prosper Africa trade initiative

Africa: US announces renewed Prosper Africa trade initiative

Africa: US announces renewed Prosper Africa trade initiative

The United States administration announced on July 2021 that the Prosper Africa initiative, would be renewed and reinvigorated to increase reciprocal trade.

The initiative will focus on improving trade and investment in sectors such as infrastructure, energy and climate solutions, healthcare and technology. An additional USD80 million will reportedly be requested to support its projects. The 17 US government agencies working as part of this initiative have a mandate to, among other things, empower African businesses, offer deal support and connect investors from the US with those in Africa.

For more information, please see https://iclg.com/alb/17243-africa-us-announces-renewed-prosper-africa-trade-initiative

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