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    US Pledges $55 Billion to Africa over the Next 3 Years

    Eunniah
    By Eunniah Mbabazi
    - December 13, 2022
    - December 13, 2022
    African Wall StreetGlobal News
    US Pledges $55 Billion to Africa over the Next 3 Years

    The United States (US) has pledged $55 billion in economic, health and security support for Africa over the next three years, ahead of the US-Africa Leaders summit.

    Beginning on Tuesday, the three-day summit will focus on key challenges, including the climate crisis, good governance, food security and global health, as well as bolstering US-Africa trade and investment opportunities.

    White House National Security Advisor Jake Sullivan declined to give details, saying they would be revealed during the coming three days of bilateral and multilateral talks and a dinner hosted by Biden at the White House for his African counterparts.

    He stressed that the guiding theme would be the African Union’s own Agenda 2063, its plan for sustainable socio-economic development of the continent.

    He said the United States would tell the visiting leaders that it supports adding an African country to the permanent members of UN Security Council, and inviting the African Union to join the elite G-20 group of countries.

    “The spirit of this summit is not what we will do for African nations and people, but what we will do with African nations and people,” he said.

    The United States has invited all African Union members in good standing, meaning Burkina Faso, Guinea, Mali and Sudan will not be represented. Attendees must also have full relations with Washington, which excludes Eritrea.

    See Also:

    IFC Commits KES 39 Billion for Nairobi – Mau Summit Highway Construction

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