US invests $82M to empower Africa’s digital economy

The United States has committed $82 million to its flagship Digital Transformation with Africa (DTA) initiative, with a bold vision to expand digital access and connectivity across the continent. This marks significant progress towards the $350 million target, aiming to more than double in 2024.

“DTA aligns perfectly with the African Union’s own digital transformation strategy,” declared Judd Devermont, Senior Director for African Affairs at the State Department. “We’ve built a robust organizational structure to effectively oversee and implement this vital initiative.”

This commitment forms part of President Biden’s broader $55 billion pledge to Africa over three years. Remarkably, Mr. Devermont announced that the U.S. has already delivered on over 40% of this commitment with the year nearing its end. By the end of year two, he confidently anticipates surpassing 70%.

“These resources have fueled trade and investment growth, strengthened food and health security partnerships, charted a digital transformation roadmap, and forged new security and governance collaborations,” Mr. Devermont elaborated. “We’ve also catalyzed landmark diaspora-driven engagement, bringing African communities closer to the U.S.”

Leading the charge is the newly established Africa Digital Policy Council, overseeing and coordinating DTA efforts. Vice President Harris’ call to action to the private sector further bolsters the initiative, aiming to rally their support for DTA goals.

Prosper Africa: Fostering Two-Way Trade and Investment

British Robinson, Prosper Africa Coordinator, shed light on this Presidential and National Security initiative, aimed at solidifying the U.S.-Africa economic and strategic partnership through enhanced trade and investment flows. Ms. Robinson highlighted the growing recognition of Africa’s immense market potential and dynamism among American businesses.

“Africa’s young and vibrant population presents incredible opportunities for viable business deals, creating jobs and fostering shared prosperity,” she stated. “The continent is a breeding ground for innovative solutions to global challenges and stands at the forefront of protecting the world’s biodiversity.”

Underscoring the interconnectedness of American and African prosperity, Ms. Robinson emphasized how Africa’s growth benefits the U.S. economy, from strengthening supply chains to securing long-term financial stability for American citizens through higher-yielding investments.

Prosper Africa’s impact is evident in the 547 new deals facilitated this year, totaling $14.2 billion in trade and investment between the U.S. and Africa. This marks a staggering 67% increase over 2022, demonstrating the initiative’s effectiveness in fostering economic collaborations.

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