TO ADVANCE THE TWO-WAY TRADE AND INVESTMENT GOALS OF PROSPER AFRICA
U.S Agency for International Development (USAID) through the Prosper Africa initiative is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa. This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States.
USAID will provide technical assistance and advisory services to prospective businesses through its Trade and Investment Hubs, and will connect UBA with African Diaspora business groups working across the United States. The MOU enables UBA, the only sub-Saharan African bank licensed to operate in the United States, to expand access its reach and extend financing to American companies in the United States looking to do business with African nations.
Assistant Administrator of the U.S. Agency for International Development’s(USAID) Middle East Bureau, Michael T. Harvey, Acting Assistant Administrator in the Bureau for Africa at the U.S. Agency for International Development,(USAID) Christopher Maloney, E.D Treasury & International Banking UBA, Abdoul-Aziz Dia, Group Head, Consumer & Retail Banking, UBA Jude Anele
during the signing of the memorandum of understanding to advance trade and investment goals of Prosper Africa, held in Tunisia on Thursday
Recognizing tremendous growth opportunities, USAID and UBA are collaborating to advance Prosper Africa’s goal of substantially increasing two-way trade between Africa and the United States. By working together, they will extend financing and technical assistance to businesses that will strengthen the American economy, grow African economies, and create jobs on both sides of the Atlantic.
The two institutions entered into this agreement as part of the opening ceremony of the Tunisia Prosper Africa Conference, co-organized by the U.S. Embassy in Tunis and the American Chamber of Commerce of Tunisia. The event facilitated U.S. and African business-to-business connections and featured remarks by key representatives from the U.S. Government and the U.S. and African private sector.
For general press inquiries, please contact Press@USAID.GOV.
Cover Of The Week
- His Highness Sheikh Mohamed bin Zayed receives Ethiopian PM February 17, 2020
- Empowering Health Workers on Child Growth Assessment February 17, 2020
- In a meeting with Egyptian Foreign Minister, Edgars Rinkēvičs discusses Latvian-Egyptian cooperation and developments in Libya February 17, 2020
- Africa Energy Forum 2020 to address Sustainable Development Goal on Energy (SDG7) and Impact of Energy Investment February 17, 2020
- UNMISS urges parties to form transitional government February 17, 2020
- SA Rugby to host U18 Elite Player Development camp February 17, 2020
- Turn your life into a gallery with Canon’s SELPHY SQUARE QX10 February 17, 2020
- Connect, share and store images and movies seamlessly with image.canon February 17, 2020
- U.S. Embassy graduates English Language Program in Tanga and Unguja February 17, 2020
- 2020 Anzisha Prize Applications launch with 10th Year Celebrations February 17, 2020
celebrity radar - gossips2 months ago
Apostle Omotosho Releases Shocking 57 Prophecies For 2020
Sports6 months ago
ZENITH BANK CELEBRATES D’TIGRESS ON BACK-TO-BACK AFROBASKET CHAMPIONSHIP VICTORY
Sports6 months ago
ZENITH BANK HAILS D’TIGRESS ON QUARTERFINAL QUALIFICATION
Sports5 months ago
Winners emerge in the 2019 Nigerian and African Freestyle Football Championship