The United States has urged African governments to improve their business environments to better attract major American investment. The U.S. Assistant Secretary of State for African Affairs, Tibor Nagy, made the comments during a four-nation tour of Africa.
The U.S. diplomat says many American businesses want to invest in Africa. But, Tibor Nagy says they first need to first see a more positive investment environment.
“Which means, minimum levels of corruption, fair treatment, honoring contract and quite frankly a good governance environment because that’s what American businesses want,” Nagy said.
Nagy made the comments after meeting Friday with Ugandan President Yoweri Museveni on the first leg of his four-nation African tour.
In December, the U.S. announced its long-awaited Africa policy. The economic focus is on countering China’s fast-growing influence on the continent through investment.