Since the start of the Biden-Harris Administration in January 2021, the U.S. government, in support of the Prosper Africa Initiative, has closed 1,695 deals valued at $63.5 billion in 41 African countries. In the calendar year 2021, at the start of the Biden-Harris Administration, the U.S. Government facilitated 262 deals valued at $3.1 billion. Just in the last six months of 2024, the U.S. Government facilitated 401 deals valued at $32.5 billion, indicating a significant increase in economic engagement between the U.S. and African countries, and fostering noteworthy economic growth and partnership across the continent.
“Under President Biden’s leadership, we are ensuring that our engagement with Africa is not only about numbers but about sustainable, inclusive growth. This increase in closed trade and investment deals over the past four years signifies our all-in on Africa dedication to long-term and lasting partnerships that support shared prosperity,” said Frances Brown, Special Assistant to President Biden and Assistant for African Affairs at the National Security Council.
“This growth is a testament to the robust partnerships we have cultivated across Africa. The data reflects the ongoing U.S. commitment to catalytic trade and investment partnerships that mutually benefit the U.S. and African economies,” said British Robinson, Coordinator of Prosper Africa. “Our work opens doors for both American and African businesses to advance sustainable trade and economic development across the continent.”
The data was compiled by Prosper Africa, a presidential and national security initiative aimed at increasing and catalyzing two-way trade and investment between the U.S. and African countries, and represents deals from 17 U.S. Government agencies working throughout Africa.
Source: Prosoper Africa