{"id":30697,"date":"2023-07-14T09:20:51","date_gmt":"2023-07-14T09:20:51","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity"},"modified":"2023-07-14T10:00:46","modified_gmt":"2023-07-14T10:00:46","slug":"america-committed-to-africas-prosperity","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity","title":{"rendered":"AMERICA COMMITTED TO AFRICAS PROSPERITY"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>A US$55 billion (P726 billion) investment for north and sub-Saharan Africa by America over the next three years, announced at last December\u2019s US-Africa December summit underscores Washington\u2019s commitment to partnering with Africa for its prosperity. <\/b><\/p>\n

Mr Scott Nathan, CEO for US International Development Finance Corporation (DFC), which is America\u2019s development bank, and head of the US government delegation to the 15th US-Africa Business Summit held here, said this during his key-note address July 12.<\/p>\n

He said Washington was looking to continue the important relationships that were amplified and expanded at the December summit \u2013 when President Joe Biden announced the funding – and would use this year\u2019s summit to carry forward the momentum in \u201cbuilding stronger US – Africa trade, investment, and commercial ties\u201d as the world emerged from unprecedented global health and economic challenges.<\/p>\n

\u201cAccess to capital is the lifeblood of business and economic growth, and we are focused on mobilising capital to the private sector,\u201d he said.<\/p>\n

Mr Nathan told the gathering that the DFC was committed to using all tools, including loans, political risk insurance and equity investments to partner with African companies to unleash the power of the private sector and promote African-driven prosperity.<\/p>\n

\u201cAccess to capital is the lifeblood of business and economic growth, and we are focused on mobilising capital to the private sector,\u201d he said.<\/p>\n

He added the DFC had, since December, invested US$110 million (P1 452 million) in new projects across Africa.<\/p>\n

In recent weeks, its board of directors had approved a further US$750 million (P9 900 million) in additional deals in critical sectors such as infrastructure, energy and support for small businesses.<\/p>\n

The bank, he said, had further potential deals in the pipeline that he was confident would be announced in the coming weeks and months.<\/p>\n

That would increase the DFC\u2019s already large portfolio of more than US$11 billion (P145 billion) dedicated to investments in the continent.<\/p>\n

The DFC\u2019s funding was already bearing fruit, he said.<\/p>\n

For example, its support for innovative partnerships, had seen thousands of smallholder farmers across Sub-Saharan Africa increasing their harvests and connecting to larger markets.<\/p>\n

Mr Nathan implored delegates to ensure their contacts and interactions translated into real deals and meaningful projects that drove greater prosperity for Africa.<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. A US$55 billion (P726 billion) investment for north and sub-Saharan Africa by America over the next three years, announced at last December\u2019s US-Africa December summit underscores Washington\u2019s commitment to partnering with Africa for its prosperity. Mr Scott Nathan, CEO for US International Development Finance Corporation (DFC), which is America\u2019s development bank, and […]<\/p>\n","protected":false},"author":84,"featured_media":30696,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,7,12,244],"tags":[233,237,234],"class_list":["post-30697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nAMERICA COMMITTED TO AFRICAS PROSPERITY - Botswana<\/title>\n<meta name=\"description\" content=\"A US$55 billion (P726 billion) investment for north and sub-Saharan Africa by America over the next three years, anno ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AMERICA COMMITTED TO AFRICAS PROSPERITY\" \/>\n<meta property=\"og:description\" content=\"A US$55 billion (P726 billion) investment for north and sub-Saharan Africa by America over the next three years, anno ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T09:20:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-14T10:00:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/07\/sm_1689312206.171018.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1767\" \/>\n\t<meta property=\"og:image:height\" content=\"1053\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"AMERICA COMMITTED TO AFRICAS PROSPERITY\",\"datePublished\":\"2023-07-14T09:20:51+00:00\",\"dateModified\":\"2023-07-14T10:00:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity\"},\"wordCount\":391,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2023\/07\/sm_1689312206.171018.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"head lines\",\"policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/america-committed-to-africas-prosperity\",\"name\":\"AMERICA COMMITTED TO AFRICAS PROSPERITY - 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