The US government has earmarked $60 to fund private sector US investments in Africa through a new Presidential Initiative, called “Prosper Africa,” to support U.S. investment across the continent, improve the business climate, and accelerate the growth of Africa’s middle class.
In support of Prosper Africa, President Donald Trump signed into law the BUILD Act, establishing the U.S. International Development Finance Corporation, or IDFC.
US Deputy Secretary of State,
John J. Sullivan, disclosed these facts at an investment luncheon in Luanda, Angola as part of his tour of Africa.
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