US and AU launch new drive to boost private investment

The United States and the African Union agreed Wednesday to launch a strategic working group to deepen infrastructure cooperation and attract private-sector investment.

The decision was announced in a joint statement after talks in Addis Ababa, signalling renewed momentum in US-Africa economic relations.

The working group aims to strengthen economic partnership, spur job creation, and enhance prosperity and economic security across Africa and the United States.

Officials said the initiative would provide a foundation for long-term cooperation, shaping trade and investment ties for years to come.

The announcement followed a meeting between Deputy Secretary of State Christopher Landau and AU Commission Chair Mahmoud Ali Youssouf in Ethiopia’s capital.

Both sides reaffirmed their commitment to a peaceful and prosperous Africa, underscoring the role of trade-enabling infrastructure in sustainable growth.

The group will serve as a platform for officials and experts to identify opportunities for US investment in AU-backed infrastructure projects.

Planned investments are expected to support supply chains, transportation corridors, energy networks, and regulatory harmonisation across the continent.

The statement said the effort would blend AU expertise with US capital, building economic bridges designed to carry long-term development.

Landau is touring Egypt, Ethiopia, Kenya, and Djibouti, accompanied by US Africa Command chief General Dagvin Anderson.

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