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US & Africa

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West African Cashew Exports Poised For Growth In Partnership With U.S. Based Supplier

The Challenge: By 2025, the global cashew kernel market is projected to reach almost $7 billion. West Africa is a leading producer of raw cashews and yet 90 percent of these raw nuts are sent outside Africa for processing. Cashew farmers and exporters only get a fraction of the final retail price which means West […]

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The United States Announces More Than $39 Million In Assistance To The People Of Zimbabwe

Today, the United States, through USAID, announced an additional $39 million in drought response assistance to the people of Zimbabwe as the lean season – when food is scarcest – approaches. The announcement was made by U.S. Ambassador to Zimbabwe Pamela M. Tremont.  El Niño weather patterns are causing a historic drought throughout southern Africa, […]

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USAID Provides More Than $69 Million In Humanitarian Assistance For Crisis-Affected Populations In Chad

Today, White House National Security Communications Advisor John Kirby announced that the United States, through USAID, will provide more than $69 million in additional humanitarian assistance in response to persistent needs of crisis-affected people in Chad, exacerbated by the ongoing conflict in Sudan. The funding announced today will provide vitally needed humanitarian assistance to more […]

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The United States Announces Nearly $203 Million In Humanitarian Assistance For The People Of Sudan

Today, the United States, through the USAID and U.S. Department of State, announced an additional $203 million in additional urgent humanitarian assistance for the people of Sudan. The funding includes nearly $25 million from USAID and more than $178 million from the U.S. Department of State to support food, protection, health, nutrition, shelter, cash, and […]

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The Liquidity Sustainability Facility And S&P Dow Jones Indices Collaborate On Launch Of African Sovereigns Index

The Liquidity and Sustainability Facility (LSF) is pleased to announce its collaboration with S&P Dow Jones Indices (S&P DJI) on the development and launch of the iBoxx LSF USD African Sovereigns Index. The index tracks the performance of the universe of African Sovereign Eurobonds that the LSF accepts as collateral in the framework of repo transactions. […]

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Empowering Lagos Youth Through Digital Skills Training

8thGear Academy is a Nigerian-owned enterprise that focuses on providing skills and helping Nigerian youth secure entry-level jobs in growing businesses. They utilize a “hybrid learning platform” that combines self-paced and instructor-led learning. However, their target customer segment, which is youth, faces high unemployment rates and often cannot afford 8thGear’s programs. In 2021, 8thGear received […]

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U.S.-Africa Trade Desk Secures $56 Million South African Table Grape Deal, Benefiting US Consumers And Boosting US-Africa Trade

Prosper Africa is proud to announce the United States – Africa Trade Desk (USATD)’s first $56M trade deal for 700 containers (1,260,000 crates) of South African-grown table grapes to the U.S. The U.S.-Africa Trade Desk is a joint venture between Prosper Africa and Afritex Ventures, whose mandate is to bridge the gap between African agricultural suppliers […]

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African Fine Foods Pavilion At Summer Fancy Food Show To Feature Over 130 Companies And Expand Market Reach To Africa

Prosper Africa and USAID will highlight export-ready and innovative African food product companies in the African Fine Food Pavilion at the 2024 Summer Fancy Food Show in New York City, June 23-25. Over 130 companies from the continent will be on display at the Javits Center, featuring food products ranging from traditional staples to inventive […]

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USAID Joins Collaborative Partnership To Reduce Food Loss And Waste

USAID Administrator Samantha Power, U.S. Department of Agriculture (USDA) Secretary Tom Vilsack, U.S. Food and Drug Administration (FDA) Commissioner Robert Califf, and U.S. Environmental Protection Agency (EPA) Administrator Michael Regan signed a Memorandum of Understanding to increase collaboration on reducing food loss and waste – a critical effort to increase the availability and affordability of […]

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The Youth VDT Initiative: Empowering Tanzanian Youth Through Leather Craft

In 2019, Esther Boniface Masawe embarked on a mission to empower out-of-school youth in Mwanza, Tanzania, through handcraft, training, and mentoring. What started as a one-time income generation training activity quickly evolved into a transformative program – the Youth VDT Initiative. The initiative faced initial challenges in product selection due to limited availability of funds. […]

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