Prosper Africa will boost US, Africa trade and investment: Johnson
12 Jul 2019 14:20pm
WINDHOEK, 12 JUL (NAMPA) The American government, through its Prosper Africa initiative, is helping to unleash the entrepreneurial spirit of Americans and African nations like never before, the United States of America (US)s Ambassador, Lisa Johnson, has said.
In a media briefing on Friday, Johnson said companies have been asking the US government to make it easier to access its trade and investment support service.
Prosper Africa answers this call by providing a one-stop shop that makes a full range of services available to US and African businesses and investors, she said.
Prosper Africa is a US government initiative aimed at sustainably increasing two-way trade and investment between the US and Africa, which unlocks opportunities to do business in Africa, benefiting companies, investors and workers from both markets.
Johnson said Prosper Africa will help advance Americans and Africa prosperity and security, supporting jobs and demonstrating superior value of transparent markets and private enterprises for driving growth.
With six of the ten fastest growing economies in the world and over one billion consumers, Africa is poised to play a pivotal role in the global economy. Meanwhile, producers in Africa see a US consumer market of more than 300 million people that already has purchasing power of US. Dollars 300 trillion; the largest in the world, she said.
Johnson said Prosper Africa will build on the already robust US government presence in Africa and US agencies working together, to modernise and synchronise US capabilities and efforts, facilitate transactions and foster a fair and accessible business climate and financial sector.