The White House Africa’s integration into global markets, demographic boom, and continent-wide spirit of entrepreneurship and innovation present an extraordinary opportunity for the United States to invest in Africa’s future. The United States will support and facilitate mobilizing private capital to fuel economic growth, job creation, and greater U.S. participation in Africa’s future.
At today’s U.S.-Africa Business Forum, President Biden announced over $15 billion in two-way trade and investment commitments, deals, and partnerships Since January 2021, the Biden-Harris Administration has invested and plans to invest more than $1 billion in trade, investment, and economic development in Africa.
The Millennium Challenge Corporation and the Governments of Benin and Niger are signing the first regional compacts totaling $504 million, with additional contributions of $15 million from Benin and Niger, to support regional economic integration, trade, and cross-border collaboration. Since the start of this Administration, MCC also signed agreements with the Governments of The Gambia, Lesotho and Malawi for an additional $675 million.