The United States has struck hundreds of deals worth $14.2 billion with African nations over the past year as Washington tries to counter growing influence on the continent by China.
The 547 new trade and investment agreements represent a 67% increase from 2022 in the number and value of closed deals, according to British Robinson, coordinator for the Prosper Africa trade and business initiative, a programme that connects US and African businesses.
Robinson said the presidential and national security initiative was aimed at strengthening strategic and economic partnerships by mobilising two-way trade and investment flow, and young people were key to realising that goal.
"The US business and investment community is increasingly recognising Africa's extraordinary market potential and dynamism. The continent is home to the world's youngest population, an asset that creates significant opportunities for viable business deals that create jobs and foster shared prosperity," Robinson said. Source: VOA
