The following is a cross-post from the International Trade Administration
From June 18 – June 21, U.S. Deputy Secretary of Commerce Karen Dunn Kelley led a U.S. Government delegation to Maputo, Mozambique to participate in the Corporate Council on Africa's U.S.-Africa Business Summit.
In Deputy Secretary Kelley’s keynote remarks, she unveiled additional details about the Trump Administration’s new strategy for increasing trade and investment in Africa, Prosper Africa. Prosper Africa is a whole-of-government, economic initiative to substantially increase two-way trade and investment as well as support increased jobs in the United States and Africa. Deputy Secretary Kelley also announced the 2019-2021 term of the President’s Advisory Council on Doing Business in Africa (PAC-DBIA).
“U.S. companies have invested over 50 billion USD in Africa since 2017,” said Deputy Secretary Kelley. “Through Prosper Africa, we hope to continue increasing two-way trade and investment between the United States and Africa by improving and better synchronizing the transparent, market-driven, and dependable suite of U.S. Government capabilities that build a level playing field for competition.”
Deputy Secretary Kelley also witnessed the historic final investment decision signing between Anadarko Petroleum of Woodlands, Texas and the Government of Mozambique, and led a bilateral meeting with President Nyusi of Mozambique to discuss economic and commercial relations.
During the Summit, a press event was held to announce deals and commitments by U.S. companies and U.S. Government agencies with partners in Africa. These deals included:
- The U.S. Trade and Development Agency signed a grant for $702,935 with SEACOM Limited to fund a feasibility study that will assess the enterprise market for fiber telecommunications services in East Africa.
- The U.S. Overseas Private Investment Corporation signed a Letter of Interest with Sunshine Nut Company, an American owned cashew processor in Mozambique, for a loan to expand capacity and support value chain development.
- ExxonMobil announced a $3 million collaboration with the U.S. Agency for International Development to support social and economic development programming in Mozambique.
- Symbion Power announced a $75 million investment to develop a 35-megawatt geothermal power plant in Kenya, as well as its partnership with California-based Natel Energy to pilot a new utility platform in Rwanda, called MyHydro, to deliver consistent affordable power to villages and towns by converting water-flow into electrical energy.
- AGCO International and AT Capital S.A. signed a Memorandum of Understanding to develop an agricultural industrial park in the Moamba District of Mozambique that will integrate and synchronize the agro-processing value chain in one site.
- Honeywell announced the signing of a 5-year maintenance agreement with TAAG Angola Airlines for their Auxiliary Power Units.
- Microsoft announced the launch of its first African Development Centers in Nairobi, Kenya and Lagos, Nigeria, which will serve as premier centers of engineering for Microsoft, staffed by world-class talent from across Africa. The investment will amount to $100 million over the next five years, creating 100 new full-time engineering jobs by the end of this year, and expanding to 500 across the two sites by the end of 2023.
- Cigna announced the opening of its new regional headquarters office in Nairobi, Kenya.
- Credence ID announced a $2 million procurement by Senegal’s Ministry of Health and Social Action for biometric identification tablets and desktops as part of the World Bank funded Health and Nutrition Financing Project.
- U.S. Ambassador to Mozambique David Hearne announced the launch of the newly established American Chamber of Commerce in Mozambique.
In the Summit’s closing plenary, Under Secretary of Commerce for International Trade, Gilbert Kaplan highlighted the importance of the Administration’s new trade and investment initiative with Africa, by echoing the Deputy Secretary’s excitement about Prosper Africa.
“Prosper Africa will enable the U.S. Government and the governments of our African trading partners to identify, build, and strengthen our bilateral trade and investment partnerships,” said Under Secretary Kaplan.
The Department of Commerce plays an integral role in setting the stage for expanding trade and investment in Sub-Saharan Africa. In 2017, Secretary of Commerce Wilbur Ross had the honor of opening the U.S.-Africa Business Summit in Washington, D.C., the Administration’s first cabinet-level speech on U.S. trade with Africa. In 2018, Secretary Ross and Under Secretary Kaplan, led the President’s Advisory Council on Doing Business in Africa (PAC-DBIA) fact-finding mission to explore potential commercial growth in Ethiopia, Kenya, Ghana, and Côte d’Ivoire.
The American delegation led by Deputy Secretary Kelley included Under Secretary Kaplan, U.S. Ambassador to Mozambique Dennis Hearne, Administrator of the United States Agency for International Development (USAID) Mark Green, and U.S. Assistant Secretary of State for Africa, Tibor Nagy.