U.S. Ambassador Lisa Johnson discussed Prosper Africa, the U.S. Government’s new initiative to substantially increase two-way trade and investment between the United States and Africa, with journalists on Friday July 12, 2019. This whole-of-government approach unlocks opportunities to do business in Africa, benefiting companies, investors, and workers both in Africa and the United States.
Ambassador Johnson stated, “Prosper Africa is a new, whole-of-government initiative to substantially increase two-way trade and investment between the United States and Africa. Prosper Africa emphasizes the value of bringing the U.S. and Africa private sectors together to achieve our common goals. It is a strategic investment in Africa’s future. The U.S. model of partnership, including with Namibia, offers sustainable, empowering avenues for economic development and growth that will make both our nations stronger, our people better off, and our futures brighter.”
Prosper Africa is a new approach to doing business in Africa. It is an innovative way of working together and working better for businesses. Prosper Africa will modernize how the U.S. Government supports private sector trade and investment opportunities.
Ambassador Johnson said, “Greater connections between the U.S. and African private sectors will expand markets for goods and services, fuel economic growth and job creation, advance mutual prosperity, and demonstrate the superior value proposition of transparent markets and private enterprise for driving growth.”
The U.S. President’s 2020 Budget requested US $50 million for the implementation of Prosper Africa. Power Africa will also directly leverage other recently-empowered U.S. financing tools, including the U.S. Export-Import Bank and the new U.S. Development.