Browsing: Biden Africa Summit

The United States' role in Africa's economic transformation

The United States’ role in Africa’s economic transformation

Industry and Trade

In recent years, Africa has emerged as a promising destination for global investment, with its vast natural resources, expanding consumer markets, and growing middle class. As the continent’s economies continue to strengthen and diversify, global players increasingly recognise the potential for mutually beneficial partnerships. The United States has significantly contributed to Africa’s economic transformation among these partners.…

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The changing trajectories of USA-Africa ties. www.theexchange.africa

America’s scramble for Africa

Industry and Trade

The “New Scramble for Africa” is a term used to describe the increasing foreign presence and investment in Africa, especially in the resource-rich continent. This renewed focus on Africa has led to a renewed competition among various countries and global powers, including the United States, to secure access to Africa’s vast natural and economic resources.

A number of different factors, including the increasing demand for resources, the growth of African economies, and the global race for technological dominance has driven the new scramble for Africa. The United States has been particularly invested in this competition, seeing it as an opportunity to gain a strategic advantage in the global economy and geopolitics.

The United States has long been an important actor in the African continent, providing aid, military assistance, and economic investment. However, the US has recently become increasingly focused on securing access to the continent’s resources. This has been done …