Browsing: U.S.-Africa Business Forum

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

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 …

Visa to invest US$1 billion in Africa

 

  • Visa committed to investing US$1 billion in Africa over the next five years
  • Visa will facilitate more accessible access to digital payments as a stepping stone to extending formal financial services for consumers and businesses
  • The funds will also go toward upskilling, talent development, and capacity building, as well as boosting the digitization of economies and enhancing the payment ecosystem via innovations and technology

Visa has committed to investing US$1 billion in Africa over the next five years to support robust, creative, and inclusive economies during the U.S.-Africa Business Forum.

Visa will also facilitate more accessible access to digital payments as a stepping stone to extending formal financial services for consumers and businesses.

Alfred F. Kelly, Jr., chairman and CEO of Visa, presented the pledge at the US-Africa Business Forum in conjunction with the US-Africa Leaders Summit in Washington, DC. The commitment will help Visa expand operations in …