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At the U.S.-Africa Business Forum’s Deal Room, the White House’s Prosper Africa initiative announced today an ambitious set of multimillion-dollar investments to boost African exports and infrastructure and mobilize private investment to accelerate African innovation. Prosper Africa is the U.S. Government initiative to increase two-way trade and investment between African nations and the United States. The announcement was […]
...December 14, 2022 ** This product is made available to all Summit stakeholders, partners, credentialed media and delegation officers, and can be freely forwarded, shared and downloaded ** President Biden is hosting leaders from across the African continent in Washington, DC on December 13-15, 2022, for the U.S.-Africa Leaders Summit. We’ll be sharing updates each […]
...The U.S.-Africa Clean Tech Energy Network (CTEN) connects U.S. and African cleantech energy companies to market opportunities where project-ready technology can increase access to reliable electricity. Guided by the goal to end energy poverty in sub-Saharan Africa, CTEN will introduce U.S. cleantech energy firms to specific deal opportunities in African markets and promote direct investment […]
...The Government of Angola is partnering with two American companies that each have decades of experience in infrastructure in Africa, ABD Group and Acrow Bridge, to develop, finance and build 186 steel bridges covering every territory in Angola. The total project size is $371 million and the first phase of construction will start in early […]
...The Central African Copperbelt is host to the largest copper and cobalt resource in the world. These metals, when mined and processed sustainably, have the potential to foster job creation and economic development for Zambia. U.S.-based start-up KoBold Metals, together with its partners EMR Capital, a specialist mining private equity firm, and Zambia’s public-private mining […]
...The National Basketball Association (NBA) has a long history in Africa and opened its African headquarters in Johannesburg, South Africa in 2010, and additional offices in Dakar, Senegal, and Lagos, Nigeria in 2022. The league is committed to expanding efforts to make the game of basketball and the NBA more accessible across the continent. For […]
...The U.S. International Development Finance Corporation (DFC) has committed to extend a $100 million senior loan to the Mirova Gigaton Fund to support distributed clean energy in developing countries, with the majority of the portfolio in Africa. The Fund will be managed by Mirova and Mirova SunFunder East Africa will serve as Investment Advisor. The […]
...African populations are young, growing, and increasingly urban. Given Africa’s growing infrastructure capacity, the continent is primed for mass industrialization. U.S. businesses are well positioned to meet the increasing demand for goods and services. The Export-Import Bank of the United States (EXIM) has proposed the signing of a bilateral Memorandum of Understanding (MOU) with Afreximbank. […]
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Standard Bank and GE Healthcare have committed to expanding their collaboration, driven by a shared vision and purpose, and will work together to make new financing of up to $80 million available for GE equipment to Standard Bank customers across the continent over the next five years, with a focus in South Africa, Nigeria, Kenya, […]
...Through the Prosper Africa initiative, the U.S. Government plans to commit $170 million, pending funding availability, that will be invested alongside U.S. and African companies and investors. These partnerships will boost African exports to the United States by $1 billion and mobilize an additional $1 billion in U.S. investment across the African continent. To this […]
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