By Ed Royce and Robin Renee Sanders
Since the U.S. BUILD Act was signed into law last October, many people across Africa as well as members of the Africa Diaspora have been asking what this global initiative might do to help revitalize American engagement with the continent. The answer is: quite a lot!
The goal of BUILD or the — “Better Utilization of Investments Leading to Development Act” – is exactly what the American private sector has long sought. BUILD does a number of positive things to boost the U.S.-Africa economic, business, and development relationship.
It checks China’s growing economic influence in Africa; creates more robust and flexible investment tools for US companies to use; and BUILD expands how America’s development funding will promote Africa’s job creation, support entrepreneurship, and help grow Africa’s small and medium-sized businesses.