Nearly 550 new trade and investment agreements were signed, representing a 67% increase over 2022 in terms of number and value, said British Robinson, coordinator of the US-led Prosper Africa trade initiative.
“We’ve had a record year for U.S.-Africa relations,” said Judd Devermont, White House official in charge of sub-Saharan Africa, during an online press conference organized a year after a summit with African leaders at which U.S. President Joe Biden pledged to “pull out all the stops” on the continent.
In December, Washington pledged to invest $55 billion over three years in Africa. This strategy is aimed in particular at countering the growing presence of China, which has made inroads in infrastructure construction, investments and loans.
The United States has already achieved over 40% of these commitments, Mr. Devermont pointed out. “By the end of the second year, we expect to exceed at least 70% of our targets,” he added.