US Promises To Increase FDI In Africa To Stir Economic Growth – Kamala Harris

US Promises To Increase FDI In Africa To Stir Economic Growth – Kamala Harris

As part of efforts by the United States of America (USA)  to propel economic growth and development in Africa, the world superpower is set to increase its foreign direct investment on the African continent.

The decision of the United States government was announced on Sunday, March 26, 2023, by US Vice-President Kamala Harris on her arrival in Ghana to begin a nine-day working visit in Africa.

The Vice-President arrived in the company of her husband, Douglas Emhoff, and other top officials in the US government.

Upon arrival, Her Excellency Kamala Harris was received and welcomed by Ghana’s Vice President Dr Mahamudu Bawumia at the Kotoka International Airport amid traditional drumming and cheers from some school pupils.

Addressing the gathering of government officials and the media at the airport,  the US Vice President highlighted her commitment to holding “discussions that will foster opportunities in various sectors of the continent.”

“In particular on this trip, I intend to do work that is focused on increasing investments here on the continent and facilitating economic growth and opportunity, specifically, in the areas of economic empowerment of women and girls. Empowerment of youth entrepreneurship, digital inclusion, and to support the work that must be done to increase food security, including adaptation to the effects of the climate crisis,” she said on Sunday.

Madam Harris also said she was looking forward to meeting the various heads of state to “build on the previous meetings I have had with each of them to strengthen democracy and good governance, promote peace and security, build on long-term economic growth and strengthen our business ties.”

“I also look forward during this visit to meet with entrepreneurs and artists and students and farmers to witness firsthand the extraordinary innovation and creativity that is occurring on this continent and inspiring the world,” she noted.

The US expressed its interest in Africa when President Biden met African leaders during the US-Africa summit in December.

 

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