Voice of America reported that over the past year, the United States has actively strengthened its relationships with African nations through an extensive effort. During this period, the nation finalized numerous trade and investment agreements, amounting to a total of USD 14.2 billion.

In a bid to counter the growing influence of China on the continent, this initiative has been launched. According to British Robinson, the coordinator for the Prosper Africa trade and business initiative, the 547 new agreements, representing a 67 percent increase from 2022, indicate a substantial commitment to cultivating economic and strategic partnerships.

During a virtual media briefing on December 12, British Robinson, coordinator for the Prosper Africa trade and business initiative, highlighted the increasing recognition of Africa's market potential by the US business and investment community. With the continent boasting the world's youngest population, Robinson emphasized the significant opportunities for business deals that generate jobs and shared prosperity.

Judd Devermont, US National Security Council senior director for African Affairs, noted a record-breaking year in US-Africa relations. The US is on track to fulfill its commitment to invest USD 55 billion over three years, having already delivered on over 40 percent of this commitment by the end of year two. Devermont highlighted diverse areas where these resources have been applied, as reported by Voice of America.

In response to President Joe Biden's commitment at the US-Africa Leaders Summit, the US is intensifying its engagement on the continent to counterbalance China's influence. Initiatives include infrastructure projects and loans. According to Judd Devermont, Biden's top Africa adviser, Africa is significant not just economically but also politically.

President Biden's push for the African Union's permanent G20 membership was realized last year, and the U.S. now supports a third seat for Sub-Saharan Africa on the IMF board. Judd Devermont, Biden's top Africa adviser, also reiterated the call for permanent African representation at the UN Security Council.

The U.S. has adapted its investment and trade strategies in conflict-affected regions. In Sudan, sanctions extend beyond individuals to include companies and various asset classes, noted Jonathan Pratt from the U.S. Department of State Bureau of African Affairs, as reported by Voice of America.

The U.S. strongly supports ECOWAS sanctions, tying assistance and investments to democratic progress. Jonathan Pratt indicates a willingness to lift freezes with democratic shifts, using a mix of sanctions and engagement. Judd Devermont underscores trade investment importance and highlights AfCFTA significance.

The US emphasizes the significance of the Africa Continental Free Trade Area (AfCFTA) and signed an MOU at the summit. This aligns with the goal to unite 1.3 billion people in a single market, boasting a nominal GDP larger than India's. The US aims to enhance engagement in Africa, countering China's influence, promoting stability, and fostering democracy, as reported by Voice of America.

Image source: ANI