{"id":11026,"date":"2022-12-24T15:05:52","date_gmt":"2022-12-24T15:05:52","guid":{"rendered":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/us-africa-strengthen-partnership-with-15-billion-in-trade-and-investment-deals"},"modified":"2022-12-24T15:37:56","modified_gmt":"2022-12-24T15:37:56","slug":"us-africa-strengthen-partnership-with-15-billion-in-trade-and-investment-deals","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/cape-verde\/all-news\/us-africa-strengthen-partnership-with-15-billion-in-trade-and-investment-deals","title":{"rendered":"US, Africa Strengthen Partnership with $15 Billion in Trade and Investment Deals"},"content":{"rendered":"

Africa-Press – Cape verde. <\/strong><\/span>With a view to strengthening cross-border partnerships and commercial ties, U.S. President Joe Biden announced over $15 billion in bilateral trade and investment deals between the U.S. and Africa at the 2022 U.S.-Africa Business Forum in Washington D.C. last week.<\/p>\n

These commitments target strategic areas of shared interest, including sustainable energy, healthcare, agribusiness, digital connectivity, infrastructure and finance.<\/p>\n

In addition, the Export-Import Bank of the United States signed a $500-million Memorandum of Understanding (MoU) with the African Export-Import Bank to enhance its commercial ties on the continent, as well as another $500-million MoU with the Africa Finance Corporation to promote U.S.-Africa trade and support financing for trade-enabling projects.<\/p>\n

In recent years, U.S. foreign policy in Africa has shifted towards prioritizing private sector development projects with high financial returns \u2013 rather than development aid \u2013 as well as significantly expanding U.S. financing capacity. According to the White House, the U.S. has helped close over 800 trade and investment deals across 47 African countries since 2021, representing a combined estimated value of over $18 billion.<\/p>\n

Additional outcomes from the forum include an MoU signed between the U.S. Trade Representative and African Continental Free Trade Area Secretariat; first regional compacts signed between the Millennium Challenge Corporation and Governments of Benin and Niger to support regional trade and integration; President Biden\u2019s launch of a new initiative \u2013 Digital Transformation with Africa \u2013 to increase digital access and literacy in Africa; and an announcement from the U.S. International Development Finance Corporation of $369 million in new investments in food security, renewable energy infrastructure and health projects across the continent.<\/p>\n

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

Africa-Press – Cape verde. With a view to strengthening cross-border partnerships and commercial ties, U.S. President Joe Biden announced over $15 billion in bilateral trade and investment deals between the U.S. and Africa at the 2022 U.S.-Africa Business Forum in Washington D.C. last week. These commitments target strategic areas of shared interest, including sustainable energy, […]<\/p>\n","protected":false},"author":84,"featured_media":11025,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[233,331,328],"class_list":["post-11026","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-cape-verde","tag-cape-verde"],"yoast_head":"\nUS, Africa Strengthen Partnership with $15 Billion in Trade and Investment Deals - Cape Verde<\/title>\n<meta name=\"description\" content=\"With a view to strengthening cross-border partnerships and commercial ties, U.S. President Joe Biden announced over $15 ...\" \/>\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\/cape-verde\/all-news\/us-africa-strengthen-partnership-with-15-billion-in-trade-and-investment-deals\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US, Africa Strengthen Partnership with $15 Billion in Trade and Investment Deals - 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