Wednesday, December 14

Join us today in the Virtual Deal Room – the room ‘where it happens” as big business deals between African nations and the U.S. are being announced.  Watch live and read the fact sheets about each deal

Video Coverage

News coverage

Africa Finance Corporation and Bank of America Lead Insightful Discussion on Climate Finance Funding for Africa

During the U.S.-Africa Leaders Summit, an event titled “Innovating Finance for Climate Change” provided some of the most insightful discussions. The event involved a highly curated group, across a wide range of disciplines, all of whom are critical to finding creative solutions to closing the gap in Africa’s need for funding for its vast demand for power. It included senior representatives from the U.S. government, the African Union, bankers, development financiers, power companies, investors, and

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US-Africa Leaders Summit

Deals, The Defenders And A Drive For Equality Can Sum Up The US-Africa Leaders Summit

African leaders came to this year’s summit emboldened, with a keen awareness of the cards that they hold. And U.S. President Joe Biden’s opening speech captured this aptly when he said, “The United States is all in on Africa’s future.” The US-government has wrapped up its hosting of 49 African leaders and the African Union in the capital, Washington DC, with deep commitments for equitable investment and backing calls for more African representation in global

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Africa.com’s Teresa Clarke Speaks To Idris Elba At The US-Africa Leaders Summit

During the US Africa Leaders Summit that took place in Washington D.C. Africa.com’s CEO Teresa Clarke had the chance to speak with Award winning actor Idris Elba. Teresa Clarke: So, Indris can you please tell us, What brings you to this event? Idris Elba: You know, I’ve been invited to this event, which I think is a landmark summit. It’s nice to have it back. It’s great for Africa, to realign its relationships with the

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Upcoming Digital Press briefing on the Outcomes of the U.S. Africa Leaders Forum with Under Secretary of State for Economic Growth, Energy, and Environment, Jose W. Fernandez

MEDIA ADVISORY | December 20 Digital Press briefing on the Outcomes of the U.S. Africa Leaders Forum with Under Secretary of State for Economic Growth, Energy, and Environment, Jose W. Fernandez EVENT:  Please join us on Tuesday, December 20, 2022, for a digital press briefing with Under Secretary of State for Economic Growth, Energy, and Environment, Jose W. Fernandez.  Under Secretary Fernandez will discuss the outcomes of the recently concluded U.S.-Africa Leaders Summit. After brief opening remarks,

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Remarks by President Biden at the U.S.-Africa Summit Leaders Session on Partnering on the African Union’s Agenda 2063

Walter E. Washington Convention CenterWashington, D.C. 11:42 A.M. EST THE PRESIDENT:  Well, good still morning, everyone.  I — I realized last night, when our dinner ended and the entertainment ended, it was five o’clock in the morning for most of you.  (Laughs.)  So I admire your collective stamina.  Thank you very much.  And I promise my comments will not take you to tomorrow morning. My friends, I’m honored to host you all here in Washington

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Standard Bank successfully closes USD 750 million Sustainability-Linked Syndicated Term Loan Facility

Standard Bank has successfully signed a USD 750 million sustainability-linked syndicated term loan.  The facility, co-ordinated by Bank of America, Mizuho and SMBC Bank International is Standard Bank Group’s inaugural sustainability-linked loan.  The margin on the loan is linked to Standard Bank’s performance against three sustainability key performance indicators (“KPIs”).  The KPIs align with the Group’s sustainability strategy and relate to committed financing of renewable energy power plants and social projects in South Africa and

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Prosper Africa

Prosper Africa Plans To Invest $170 Million To Boost African Exports And U.S. Investment By $2 Billion

At the U.S.-Africa Business Forum’s Deal Room, the White House’s Prosper Africa initiative announced today an ambitious set of multimillion-dollar investments to boost African exports and infrastructure and mobilize private investment to accelerate African innovation.  Prosper Africa is the U.S. Government initiative to increase two-way trade and investment between African nations and the United States. The announcement was made in the Business Forum’s Deal Room – held on the second day of the U.S. Africa Leaders’ Summit –

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U.S. – Africa Leaders Summit Daily Roundup

December 14, 2022 ** This product is made available to all Summit stakeholders, partners, credentialed media and delegation officers, and can be freely forwarded, shared and downloaded ** President Biden is hosting leaders from across the African continent in Washington, DC on December 13-15, 2022, for the U.S.-Africa Leaders Summit.  We’ll be sharing updates each day of the Summit so you can follow each day’s announcements, plan to watch events that are livestreamed, and share

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Prosper Africa & Power Africa: Connecting U.S. And African Cleantech Energy Companies To Market Opportunities

The U.S.-Africa Clean Tech Energy Network (CTEN) connects U.S. and African cleantech energy companies to market opportunities where project-ready technology can increase access to reliable electricity. Guided by the goal to end energy poverty in sub-Saharan Africa, CTEN will introduce U.S. cleantech energy firms to specific deal opportunities in African markets and promote direct investment in African cleantech enterprises. CTEN will activate and facilitate a two-way ecosystem of cleantech energy companies, business associations, buyers, partners,

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ABD Group & Acrow Bridge: Improving Angola’s Infrastructure And Workforce While Boosting U.S. Manufacturing Jobs

The Government of Angola is partnering with two American companies that each have decades of experience in infrastructure in Africa, ABD Group and Acrow Bridge, to develop, finance and build 186 steel bridges covering every territory in Angola. The total project size is $371 million and the first phase of construction will start in early 2023. The bridges will be manufactured at Acrow Bridge’s manufacturing facility in Pennsylvania and directly support several hundred U.S. manufacturing

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Kobold Metals, ZCCM-IH, EMR Capital: Investing In Clean Mineral Exploration

The Central African Copperbelt is host to the largest copper and cobalt resource in the world. These metals, when mined and processed sustainably, have the potential to foster job creation and economic development for Zambia. U.S.-based start-up KoBold Metals, together with its partners EMR Capital, a specialist mining private equity firm, and Zambia’s public-private mining company ZCCM-IH, are pleased to announce a $150 million investment from KoBold Metals to own, explore, and develop the Mingomba

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National Basketball Association: Growing Local Economies By Expanding The Game Of Basketball In Africa

The National Basketball Association (NBA) has a long history in Africa and opened its African headquarters in Johannesburg, South Africa in 2010, and additional offices in Dakar, Senegal, and Lagos, Nigeria in 2022. The league is committed to expanding efforts to make the game of basketball and the NBA more accessible across the continent. For the 2022 season, following the establishment of a standalone entity in 2021, NBA Africa expanded its multi year agreement with

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Mirova Gigaton Fund & DFC: Supporting Clean Energy In Africa

The U.S. International Development Finance Corporation (DFC) has committed to extend a $100 million senior loan to the Mirova Gigaton Fund to support distributed clean energy in developing countries, with the majority of the portfolio in Africa. The Fund will be managed by Mirova and Mirova SunFunder East Africa will serve as Investment Advisor. The Fund will extend structured finance, project finance, construction finance, and working capital loans to companies and projects in the following

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Exim & Afreximbank: Facilitating Economic Growth Through Trade Partnerships

African populations are young, growing, and increasingly urban. Given Africa’s growing infrastructure capacity, the continent is primed for mass industrialization. U.S. businesses are well positioned to meet the increasing demand for goods and services. The Export-Import Bank of the United States (EXIM) has proposed the signing of a bilateral Memorandum of Understanding (MOU) with Afreximbank. This MOU will better facilitate the export of U.S. goods and services to African markets and support diaspora engagement. The

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GE Healthcare & Standard Bank: Improving Accessibility To Solve Healthcare Challenges In Africa

 Standard Bank and GE Healthcare have committed to expanding their collaboration, driven by a shared vision and purpose, and will work together to make new financing of up to $80 million available for GE equipment to Standard Bank customers across the continent over the next five years, with a focus in South Africa, Nigeria, Kenya, Mozambique, and Angola. The collaboration is already drastically improving accessibility to healthcare in South Africa, disbursing $37.4 million worth of

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Prosper Africa: Investing In Catalytic Partnerships For Africa’s Future

Through the Prosper Africa initiative, the U.S. Government plans to commit $170 million, pending funding availability, that will be invested alongside U.S. and African companies and investors. These partnerships will boost African exports to the United States by $1 billion and mobilize an additional $1 billion in U.S. investment across the African continent. To this end, Prosper Africa is announcing five new partnerships with African asset fund managers under a new Catalytic Investment Facility that

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VISA: Supporting Resilient, Innovative, and Inclusive Economies In Africa

Visa will invest more than $1 billion over the next five years in Africa to support more resilient, innovative, and inclusive economies across the continent. Visa has had a presence in Africa for 30 years, and proudly serves all 54 countries on the continent. Through these expanded investments, Visa will further scale its operations, deploy new innovations and technology, and deepen collaboration with strategic local partners, including government, financial institutions, mobile operators, fintechs, and merchants.

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Pfizer & Government Of Uganda: Boosting Access To Innovative Health & Strengthening Health Systems In Uganda

Pfizer and the Government of Uganda are committing to work together under the recently launched Accord for a Healthier World to enable access to Pfizer’s full portfolio of patented medicines and vaccines on a not-for-profit basis. Pfizer and the Ugandan government are also committing to work together with multi-sector partners to enable more efficient access pathways and address access barriers including technical expertise, training, diagnostic capacity, innovative financing, and more. Uganda is the fifth African

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Connecting U.S. and African Cleantech Energy Companies To Markets Opportunities

The U.S.-Africa Clean Tech Energy Network (CTEN) connects U.S. and African cleantech energy companies to market opportunitieswhere project-ready technology can increase access to reliable electricity. Guided by the goal to end energy poverty insub-Saharan Africa, CTEN will introduce U.S. cleantech energy firms to specific deal opportunities in African markets and promote direct investment in African cleantech enterprises. CTEN will activate and facilitate a two-way ecosystem of cleantech energy companies, business associations, buyers, partners, investors, entrepreneurs,

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Cisco & Cybastion: Bolstering Cyber Security In West Africa

A powerful combination of American ICT capabilities has assembled to embrace Africa’s multiple digital opportunities and challenges, leveraging the best of U.S. technology with insights and customization from the African-American diaspora. As improved cybersecurity becomes an increasingly important priority worldwide, it is vital that emerging economies are protected from online threats. U.S.-based multinational tech firm, Cisco, in collaboration with diaspora-owned security firm, Cybastion, are facilitating ten major cybersecurity export contracts in Niger, Côte d’Ivoire, Burkina

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KOBOLD METALS,ZCCM-IH, EMR CAPITAL: INVESTING IN CLEAN MINERAL EXPLORATION

The Central African Copperbelt is host to the largest copper and cobalt resource in the world. These metals, when mined and processed sustainably, have the potential to foster job creation and economic development for Zambia. U.S.-based start-up KoBoldMetals, together with its partners EMR Capital, a specialist mining private equity firm, and Zambia’s public-private mining company ZCCM-IH, are pleased to announce a $150 million investment from KoBold Metals to own, explore, and develop the Mingombadeposit and

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mPharma: Ensuring Quality, Affordable Primary Healthcare Access In Nigeria

Pan-African health tech company mPharma is investing $43 million in Nigeria to build out its QualityRx program. The company’s mission is to ensure universal access to affordable medicine and improve access to care by transforming community pharmacies into primary healthcare providers. This new investment is set to upgrade previous Nigerian facilities – including local community pharmacies – and establish new centers across the country, growing its network from 364 to 1,424 health facilities. This expanded

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Yeleen Enterprises & District Of Columbia: Amplifying The Role Of Women In The Global Beauty Supply Chain In United States And Africa

Yeleen Enterprises is building a beauty manufacturing facility opening in 2023. The Yeleen Beauty Makerspace is the first shared commercial manufacturing facility of its kind. Its creation, in partnership with the Washington, D.C. government, positions Yeleen Enterprises to generate $55 million in new business over the next ten years, empowering Black women and women of color in the United States and Africa. With additional support from D.C. Locally Made, the Ward 7 facility will create

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ABD Group – Enabling Digital Economies Across Africa

 Technology giants like Google, Microsoft, and Meta are bringing major opportunities to drive cloud adoption and reskill people for a digitally focused world. In Africa, U.S. developer ABD Group is establishing new data centers across the continent that will drive growth. This $500 million commitment will provide secure, globally competitive fintech infrastructure that will advance African digital economies. Through such investments, ABD Group hopes to encourage African governments to prioritize digital infrastructure development and implement

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US Should Partner with African Rights Defenders, Not Just Leaders

African Human Rights Leaders Summit Offers Different View from Official Event By Kate Weine On December 13, 2022, US President Joe Biden welcomed 50 delegations from 49 countries across the African continent, plus the African Union, to the US-African Leaders Summit. The Summit aimed to demonstrate US commitment to US-Africa relations, but the official agenda lacked a significant role for African human rights defenders.  So Human Rights Watch and other groups decided to fill this

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Secretary Blinken At the Conservation, Climate Adaptation, and Just Energy Transition Forum

Remarks; Antony J. Blinken, Secretary of State, Walter E. Washington Convention Center, Washington, D.C. SECRETARY BLINKEN:  Well, thank you.  Good afternoon, everyone, and a big thank you, Hayde, to you for keeping us moving, and I will try to stay on your good side.  (Laughter.)  But it’s an honor to be joined at this table by so many leaders, so many colleagues – among other, President Tshisekedi – it’s very good to be with you

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US Africa Leaders Summit

FACT SHEET: U.S.- Africa Partnership in Elevating Diaspora Engagement

The African Diaspora in the United States is a source of strength.  It encompasses African Americans, including descendants of enslaved Africans, and nearly two million African immigrants who have close familial, social, and economic connections to the continent.  The African immigrant community makes significant contributions to America’s growth and prosperity.  The African Diaspora—i.e., people of native African origin living outside the continent—has been described as the sixth region of African Union.  The African and Diaspora

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Remarks by Vice President Harris at the U.S.-Africa Leaders Summit African and Diaspora Young Leaders Forum

National Museum of African American History and CultureWashington, D.C. 1:31 P.M. EST THE VICE PRESIDENT: Good afternoon. Please have a seat. Good afternoon. To Deputy Secretary Adeyemo, thank you for all you do. I will tell you what many of you probably know about him: From the implementation of the American Rescue Plan and the Inflation Reduction Act, to your sights, Wally, on what is important about strengthening economic relationships in Africa and around the

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Secretary Antony J. Blinken at the African and Diaspora Young Leaders Forum

Secretary Antony J. Blinken at the African and Diaspora Young Leaders Forum

Remarks: National Museum of African American History and Culture; Washington, D.C SECRETARY BLINKEN:  Good morning, everyone.  Wow, it is wonderful to see this incredible auditorium full.  I think hopefully you managed to get a little breakfast before this.  But I’m here simply to say this:  Welcome to the African and Diaspora Young Leaders Forum. Your Excellencies, President Weah of Liberia is in the house.  (Applause.)  President Maada Bio of Sierra Leone in the house.  (Applause.) 

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US commitment to Africa

How Committed Is US to Africa? $55B Worth, White House Says

The United States will demonstrate its commitment to the African continent with $55 billion in pledges, national security adviser Jake Sullivan said Monday on the eve of a three-day summit of 50 high-level African delegations in Washington. “The U.S. will commit $55 billion to Africa over the course of the next three years, across a wide range of sectors, to tackle the core challenges of our time,” Sullivan said. “These commitments build on the United

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Secretary Blinken’s Meeting with Ethiopian Prime Minister Ahmed

The below is attributable to Spokesperson Ned Price: Secretary of State Antony J. Blinken met with Ethiopian Prime Minister Abiy Ahmed today to welcome progress made on the implementation of the November 2 Cessation of Hostilities Agreement, which is key to bringing lasting peace to northern Ethiopia. Secretary Blinken commended steps taken by the Ethiopian government to improve humanitarian access and begin restoration of essential services. The Secretary urged accelerated implementation of the agreement and access to

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Secretary Blinken’s Meeting with DRC President Tshisekedi

Secretary Antony J. Blinken met today with Democratic Republic of the Congo (DRC) President Félix Tshisekedi to discuss the dire security and humanitarian situation in eastern DRC.  Secretary Blinken expressed his condolences for the lives lost in Kishishe and concern for the hundreds of thousands of displaced individuals. Secretary Blinken and President Tshisekedi agreed on the importance of immediate implementation of the November 23 communiqué following the Luanda Mini-Summit on Peace and Security, namely a

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Innovating finance

Innovating Finance for Climate Change as Policymakers Gather for the U.S.-Africa Leaders Summit

Sponsored by Bank of America and Africa Finance Corporation in collaboration with Africa.com Africa.com, Bank of America and Africa Finance Corporation (AFC) are convening a high-level curated event to discuss innovating finance for climate change in Washington D.C. on December 15, during the U.S.- Africa Leaders Summit.  The event will bring together a focus group of senior leaders to contribute to framing financial innovations that are needed to advance the partnership between the United States

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US Whitehouse

50 African Voices Headed to Washington for the US-Africa Leaders Summit

Africa.com will be on the ground next week in Washington D.C. to cover the historic US-Africa Leaders Summit.  President Biden has invited the presidents of 49 African countries + the African Union to the White House to “uplift African institutions, citizens and nations.”  In addition to the Summit, the Commerce Department is hosting a high level Business Forum among global CEOs and heads of state to focus on advancing two-way trade and investment partnerships that bolster Africa’s role

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Tuesday, December 13, 2022 (Summit Day 1)

  • 7:00-4:30pm: African and Diaspora Young Leaders Forum
  • 8:00-2:30pm: Civil Society Forum
  • 8:30-12:30pm: African Growth and Opportunity Act (AGOA) Trade Ministerial
  • 9:00-10:30: U.S. Africa Space Forum
  • 12:30-2:30pm: Peace, Security, and Governance Forum
  • 12:30-2:30pm: Partnering for Sustainable Health Cooperation
  • 3:00-5:30pm: Conservation, Climate Adaptation, and a Just Energy Transition

Wednesday, December 14, 2022 (Summit Day 2)

  • USABF – Charting the Course: The Future of U.S.-Africa Trade & Investment Relations
  • USABF – Building a Sustainable Future: Partnerships to Finance African Infrastructure and the Energy Transition
  • USABF – Growing Agribusiness: Partnerships to Strengthen Food Security and Value Chain
  • USABF – Advancing Digital Connectivity: Partnerships to Enable Inclusive Growth Through Technology
  • USABF – Keynote Remarks from President Biden
  • U.S.-Africa Leaders Summit Dinner

Thursday, December 15, 2022 (Summit Day 3)

  • Leaders Session – Partnering on Agenda 2063
    • Discussion Session 1: “An Africa of good governance, democracy, respect for human rights, justice, and the rule of law”
    • Discussion Session 2: “A peaceful and secure Africa”
    • Discussion Session 3: “A prosperous Africa based on inclusive growth and sustainable development”
  • Leaders Working Lunch – Multilateral Partnerships with Africa to Meet Global Challenges
  • Summit Family Photo
  • Leaders Session – Promoting Food Security and Food Systems Resilience

Friday, December 16, 2022

  • Departures

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