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Trump plan seeks to double US-Africa two-way trade by 2025
8:40 CAT | 20 Jun 2019
File photo: Bloomberg
The US’s Prosper Africa strategy plans to double two-way trade and investment between the world’s biggest economy and the continent by 2025.
The plan, which is the flagship initiative of US President Donald Trump in Africa, will facilitate transactions by providing blended finance, loan guarantees, and market intelligence to help make investments less risky, Mark Green an administrator for the US Agency for International Development, known as USAID, said at a conference Wednesday in Mozambique’s capital, Maputo.
It will also provide “matchmaking” services between US companies and African supply and value-chain partners, he said. Prosper Africa will also create country-specific roadmaps to improve the private investment landscape, he said.
By Prinesha Naidoo and Matthew Hill
Source: Bloomberg
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