Donald Trump earmarks $60 billion for Africa’s development

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.

Read the full speech here

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.