Browsing: US Treasury Secretary

Yellen's trip comes a month after the US-Africa summit in Washington, where the US President promised billions of dollars in investment, trade and development aid. www.theexchange.africa
  • The United States has been working to increase its economic and political engagement with Africa in recent years.
  • Yellen arrived in Dakar, fresh off a nearly three-hour meeting with China’s vice premier Liu He.
  • The Biden administration is trying to counter China’s growing influence and infrastructure in the region by offering African countries an alternative path on economic and political security

US-Africa relations have been on the rise in recent years, and the recent visit by US Treasury Secretary Janet Yellen to Senegal has further solidified the commitment of the United States to expand economic opportunities for all in Africa.

Yellen’s visit to Senegal, which took place on January 18, 2023, was a clear demonstration of the importance the United States places on its relationship with Africa. During her visit, Yellen met with young entrepreneurs and business leaders, and delivered a speech emphasizing the potential of Africa’s young entrepreneurs and …