US-Africa Summit: Joe Biden announces a series of investments in Africa

Soukaina Sghir
Soukaina Sghir
1 Min Read

On the second day of the U.S.-Africa Leaders’ Summit in Washington, U.S. President Joe Biden underscored, to the leaders of 49 African nations gathered there, his country’s commitment to supporting growth in Africa.

In a speech, he said, “When Africa succeeds, the United States succeeds. The whole world succeeds,” adding that “This partnership is not about creating political obligations, about creating dependency, but about stimulating shared success and creating opportunity”. Biden reviewed a series of US investments in the African continent.

In fact, the Biden administration has said it will commit $55 billion to Africa over the next three years in areas as diverse as digital, infrastructure, health and climate change. The United States, for its part, has announced that it will invest $350 million and facilitate access to $450 million in funding for digital development on the continent.

Biden welcomed the nearly $15 billion in contracts pledged on the sidelines of the summit by the US and African private sectors in a range of areas including high technology.

Jihane Rmili

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