The United States says in Marrakesh that it wants to mobilize “billions of dollars” for Africa

Washington wants to mobilize “Billions of Dollars” The head of the US delegation told AFP at a US-Africa business conference that opened Wednesday, July 20 in Morocco, with investments for the benefit of the African continent, in partnership with the private sector.

“The United States seeks to stimulate billions of dollars in trade and investment relationships to create jobs and build inclusive and sustainable economic growth across the African continent.”Alice Albright, CEO of the U.S. Development Agency, Millennium Challenge Corporation (MCC), said: “We must leverage the full range of US government tools, harness the power of the US private sector, and strengthen our partnerships with business leaders and investors across the African diaspora.”

Read also: This article is reserved for our subscribers Abortion access activists in Africa concerned about repercussions of overturning Roe v. Wade

The Millennium Challenge Corporation, a government agency, has invested about $9 billion (about €8.8 billion) in 25 African countries since 2004. The US official is in Marrakesh for the US-Africa Business Summit, a conference organized by the Corporate Council on Africa (CCA), a Private organization, first held in North Africa. In addition to the US government delegation, the meeting through Friday brings together political leaders, representatives of the African business community, decision-makers and investors from the US private sector, according to the organizers.

Confronting China’s influence

It’s time for Africa […] to play its central and natural role in the international arena.”The head of Moroccan diplomacy, Nasser Bourita, appealed to the opening of the debates. Among the issues addressed: combating climate change, energy transition, food security, health, agriculture, infrastructure, new technologies and the digital divide.

See also  The shortage of foreign workers is crippling the boss | business | the sun

The White House announced Wednesday that President Joe Biden will host African leaders from December 13 to 15 at a supposed summit. Emphasizing the importance of the relationship between the United States and Africa. This must be the peak “Further promoting new economic participation”And the “Strengthening the United States and Africa’s Commitment to Democracy and Human Rights.” And allowing work on cooperation in the face of epidemics, food security and the climate crisis, as well as in the field of peace.

Read also: The United States and Morocco began the largest military exercise in Africa

The US president has made it a diplomatic priority to counter the influence of major authoritarian regimes, such as Russia and especially China. The latter has significantly developed its pawns in recent years on the African continent, through massive investments in infrastructure and mining resources in particular.

In order not to miss any African news, subscribe to the newsletter of world africa from this link. Every Saturday at 6am, find a week of news and discussions covered by the editorial team at world africa.

The world with AFP

Leave a Reply

Your email address will not be published.