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New initiative to increase two-way trade and investments between the US and Africa to be unpacked

New initiative to increase two-way trade and investments between the US and Africa to be unpacked

The U.S. Ambassador to Namibia, Lisa Johnson will discuss ‘Prosper Africa’, the U.S. government’s new initiative to substantially increase two-way trade and investment between the United States and Africa.

The hour long event will take place at the American Cultural Centre in Windhoek on 12 July.

According to the Embassy, this whole-of-government approach unlocks opportunities to do business in Africa, benefiting companies, investors, and workers both in Africa and the United States.

“Prosper Africa is a new approach to doing business in Africa. It is an innovative way of working together and working better for businesses. Prosper Africa will modernize how the U.S. Government supports private sector trade and investment opportunities.”

The U.S. President’s 2020 Budget requested US$50 million for the implementation of Prosper Africa within the Department of State and USAID’s Economic Support and Development Fund, and other funds may be reprogrammed during FY 2020.

Power Africa will also directly leverage other recently-empowered U.S. financing tools, including the U.S. Export-Import Bank and the new U.S. Development Finance Corporation.

The Embassy meanwhile said, Ambassador Johnson will also take questions on the overall U.S.-Namibia relationship and its many pillars of partnership.


 

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