Building Trade and Investment Ties at U.S.-Africa Leaders Summit

Paul Kim/U.S. Department of State
President Biden addressing the U.S.-Africa Business Forum on December 14, 2022

The United States is all in on Africa’s future,” President Biden said in a policy address to the U.S.-Africa Business Forum on Day Two of the U.S.-Africa Leaders Summit. Listing a series of initiatives, Biden said “this is just the beginning – there’s so much more we can do together and that we will do together.”

Some 300 executives from American and African companies joined African presidents and ministers at to discuss opportunities for collaboration in critical sectors, including health, infrastructure, energy, agribusiness, and digital. According to a White House list provided to AllAfrica, the 50 delegations are headed by 36 presidents, nine prime ministers and four foreign ministers.

Biden also highlighted agreements announced during the Forum in a ‘Deal Room’ at the Washington Convention Center, the Summit venue. Organized by Prosper Africa, the U.S. Government initiative to increase trade and investment between Africa and the United States, the deals announcemenrts included Green Energy Mining, Power Africa, Yeleen Beauty, mPharma, Cisco and Cybastion, Pfizer, Exim-Afrexim, ABD Acrow, DFC/Mirova Gigaton Fund, Visa, Sun Africa and the NBA.

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