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- US$55 billion to be invested in Africa over the next three years along with several new partnerships and initiatives.
- The U.S.-Africa Business Forum was held and attended by 300 executives from American and African companies.
- For African youth development, the US announced more than $100 million in funding for the Young African Leaders Initiative (YALI).
This year’s U.S. Africa Leaders Summit (13-15 Dec) in Washington has been defined not by the African guest’s colourful dress code, but by the billions that were pledged in aid, grants and support.
To the welcome of the flamboyant African leaders and businessmen, US officials and corporate chiefs announced US$55 billion to be invested in Africa over the next three years along with several new partnerships and initiatives.
The sum is significant, but going with President Joe Biden’s statement, this is just the beginning. “There’s so much more we can do together and that we …