{"id":26497,"date":"2023-12-29T11:35:59","date_gmt":"2023-12-29T11:35:59","guid":{"rendered":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments"},"modified":"2023-12-29T12:03:22","modified_gmt":"2023-12-29T12:03:22","slug":"us-increases-african-investments","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments","title":{"rendered":"US Increases African Investments"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Sierra-Leone. <\/strong><\/span><a name=\"the-scene\"><\/a>For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. The world\u2019s biggest superpower recently reiterated that its interests and those of Africa are \u201cinterconnected and fates are bound up together,\u201d according to US President Joseph Biden.<\/p>\n<p><a name=\"the-scene\"><\/a>This reawakening pushes the US to increase its investments and trade with Africa. Having committed to invest $55 billion in the continent over three years during the US-Africa Leaders Summit in December 2022, Washington is surprisingly overdelivering.<\/p>\n<p><a name=\"the-scene\"><\/a>Over the past year, it struck deals with African nations worth $14.2 billion, a 67% increase from 2022, according to the Prosper Africa presidential initiative. In total, 547 new deals were closed. Meanwhile, seven cabinet and top US government officials, including Vice President Kamala Harris, visited 26 African countries to deepen relations.<\/p>\n<p><a name=\"the-scene\"><\/a>Washington has declared that its forays into Africa are not just about trade and investments but also countering China and Russia, which it reckons are using Africa to advance narrow commercial and geopolitical interests.<\/p>\n<p><a name=\"the-scene\"><\/a>\u201cThe gains of US interests in Africa supersede geopolitical rivalries,\u201d says Moses Ikiara, former Kenya Investment Authority managing director. He adds that as a new frontier, Africa will play a central role in shaping the future of the global economy. In essence, no country can ignore the continent.<\/p>\n<p><a name=\"the-scene\"><\/a>\u201cLooking at Africa\u2019s vast natural resources, a young and expanding population and improving governance structures, the US sees alluring opportunities,\u201d notes Ikiara.<\/p>\n<p><a name=\"the-scene\"><\/a>A case in point is a decision by Biden to choose Africa as the first beneficiary of the flagship $600 billion Partnership for Global Infrastructure and Investment initiative. Under the initiative, a Democratic Republic of the Congo and Angola railway project will benefit from a $250 million financing package.<\/p>\n<p><a name=\"the-scene\"><\/a>Undoubtedly, increased funding by the US in Africa\u2019s infrastructure, digital transformation, health and food security, among other sectors, is opening opportunities for US companies to expand to the continent and exploit opportunities. The timing is ideal, considering that China\u2019s hegemony in Africa is receding. According to the International Monetary Fund, Beijing\u2019s lending to the continent fell below $1 billion last year, the lowest level in nearly two decades.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/sierra-leone\">Sierra-Leone<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Sierra-Leone. For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. The world\u2019s biggest superpower recently reiterated that its interests and those of Africa are \u201cinterconnected and fates are bound up together,\u201d according to US President Joseph Biden. This reawakening pushes the US to increase [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":26496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[291,293,292],"class_list":["post-26497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-sierra-leone","tag-sierra-leone"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>US Increases African Investments - Sierra Leone<\/title>\n<meta name=\"description\" content=\"For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. ...\" \/>\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\/sierra-leone\/all-news\/us-increases-african-investments\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"US Increases African Investments\" \/>\n<meta property=\"og:description\" content=\"For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments\" \/>\n<meta property=\"og:site_name\" content=\"Sierra Leone\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-29T11:35:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-29T12:03:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1128\" \/>\n\t<meta property=\"og:image:height\" content=\"634\" \/>\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\/sierra-leone\/all-news\/us-increases-african-investments#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"US Increases African Investments\",\"datePublished\":\"2023-12-29T11:35:59+00:00\",\"dateModified\":\"2023-12-29T12:03:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments\"},\"wordCount\":366,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Sierra-Leone\",\"Sierra-Leone\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments\",\"name\":\"US Increases African Investments - Sierra Leone\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg\",\"datePublished\":\"2023-12-29T11:35:59+00:00\",\"dateModified\":\"2023-12-29T12:03:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg\",\"width\":1128,\"height\":634,\"caption\":\"US Increases African Investments\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/sierra-leone\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"US Increases African Investments\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#website\",\"url\":\"https:\/\/www.africa-press.net\/sierra-leone\/\",\"name\":\"Sierra Leone\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/sierra-leone\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"US Increases African Investments - Sierra Leone","description":"For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments","og_locale":"en_US","og_type":"article","og_title":"US Increases African Investments","og_description":"For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. ...","og_url":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments","og_site_name":"Sierra Leone","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2023-12-29T11:35:59+00:00","article_modified_time":"2023-12-29T12:03:22+00:00","og_image":[{"width":1128,"height":634,"url":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"US Increases African Investments","datePublished":"2023-12-29T11:35:59+00:00","dateModified":"2023-12-29T12:03:22+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments"},"wordCount":366,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg","keywords":["Africa Press","Africa Press-Sierra-Leone","Sierra-Leone"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments","url":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments","name":"US Increases African Investments - Sierra Leone","isPartOf":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg","datePublished":"2023-12-29T11:35:59+00:00","dateModified":"2023-12-29T12:03:22+00:00","author":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"For years, the US had perfected a penchant for being aloof when it came to Africa. Not anymore. ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#primaryimage","url":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg","contentUrl":"https:\/\/static.africa-press.net\/sierra-leone\/sites\/16\/2023\/12\/sm_1703838558.511236.jpg","width":1128,"height":634,"caption":"US Increases African Investments"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/sierra-leone\/all-news\/us-increases-african-investments#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/sierra-leone\/"},{"@type":"ListItem","position":2,"name":"US Increases African Investments"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#website","url":"https:\/\/www.africa-press.net\/sierra-leone\/","name":"Sierra Leone","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/sierra-leone\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/sierra-leone\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts\/26497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/comments?post=26497"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/posts\/26497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/media\/26496"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/media?parent=26497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/categories?post=26497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/sierra-leone\/wp-json\/wp\/v2\/tags?post=26497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}