US International Development Finance Corporation (DFC) CEO Scott Nathan will lead a high-level US delegation to the US-Africa Business Summit, to be held in Gaborone, Botswana, from July 11 to 14.
The event is hosted by the Corporate Council on Africa and the government of Botswana and is indicated to build on the momentum of the successful 2022 US-Africa Leaders Summit.
Prosper Africa, the US government initiative to increase two-way trade and investment between the US and African countries, is a sponsor of the US-Africa Business Summit.
To mark the six-month milestone after the conclusion of the summit held in December 2022, the delegation will draw attention to how the US is delivering on high-profile government and private sector commitments, including the Digital Transformation with Africa (DTA), a signature initiative of the Biden-Harris administration.
The Prosper Africa Coordinator will be announced at the special session.
“I look forward to leading a delegation of experienced leaders from across the US government to Botswana, each of us committed to unleashing the power of the private sector to advance economic opportunity across the African continent,” says Nathan.
“The US-Africa Business Summit presents a prime opportunity for us to discuss the progress of US efforts to mobilise private capital across critical sectors.
“We need to focus on what more we can do together, along with African leaders, to support private sector solutions to development challenges and to attract private investment to drive greater prosperity for all Africans,” he adds.
Since December 2022, the investment value of deals and partnerships committed in the Prosper Africa Deal Room at the US-Africa Leaders Summit increased by half a billion dollars from $15.7-billion to $16.2-billion.
Additionally, there has been an unprecedented step up in pace of US Cabinet or principal level travel to Africa since December.
The US delegation will include senior government officials and leading US investors that represent over $2-trillion in assets.