Prosper Africa Build Together
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“The Prosper Africa Build Together Campaign will drive billions of dollars of investment in Africa, build new markets for American products, and create thousands of jobs for both African and American workers.”
Dana BanksSpecial Assistant to the President and Senior Director for Africa, National Security Council
We believe in the nations of Africa and the continent-wide spirit of entrepreneurship and innovation. On the shared global challenges we face—from the economic and health effects of the pandemic, to the climate crisis and global struggles for racial and social justice, Africa is essential to our collective progress. The continent’s increasing integration into global markets, demographic boom, and thriving culture of entrepreneurship also present a remarkable opportunity to expand U.S. and African shared prosperity. As genuine partners in an interconnected world, people and governments across the United States and the African continent have critical roles to play in helping all of our nations build back better together.
“Under the Biden-Harris Administration’s leadership, Prosper Africa’s focus has sharpened around the imperative to Build Back Better from the global pandemic, and to do so as inclusively as possible.”
Secretary Gina M. RaimondoU.S. Department of Commerce
Our goal is to substantially increase two-way trade and investment between African nations and the United States by connecting U.S. and African businesses and investors with tangible deal opportunities and the U.S. Government tools to advance those opportunities.
Through the Prosper Africa Build Together Campaign, the Biden-Harris Administration is working hand-in-hand with the private sector, African governments, and multilateral organizations to advance trade and investment in key sectors such as clean energy and climate smart solutions, health, and digital technology:
- We will build new markets for American products
- We will drive billions of dollars of investment in African markets
- We will support thousands of new jobs for both African and American workers
We are advancing these goals by identifying and promoting new opportunities for U.S. and African businesses, investors, and workers that increase trade and mobilize private capital to fuel economic growth and job creation, with a focus on key sectors and the green economy.
We are working with African governments and the private sector to strengthen business enabling environments and investment climates.
We are modernizing and synchronizing U.S. Government services to provide a coordinated package of support that makes private sector investment easier.
We are fostering the conditions that will bring greater infrastructure investment to the African continent, consistent with the commitment made by President Biden through the Build Back Better World partnership.
We are carrying out these activities with a view towards supporting small and medium-sized businesses—the lifeblood of our economies—with a specific focus on African Diaspora businesses and investors across the United States.
“Through the Prosper Africa Build Together Campaign, we will leverage our standing presence on the ground to build a better, stronger, more secure, and inclusive trade and investment strategy for African nations and the United States.”
Administrator Samantha PowerU.S. Agency for International Development
The Prosper Africa Build Together Campaign is a targeted effort to elevate and energize the United States’ commitment to two-way trade and investment with African nations. We are connecting African and American businesses, investors, and workers with new opportunities and with the U.S. Government tools they can use to advance those opportunities. We also continue to work with African governments to strengthen business and investment climates, including supporting the successful implementation of the African Continent Free Trade Area (AfCFTA).
Our Prosper Africa Virtual Deal Room connects investors with tangible deal opportunities across Africa curated by on-the ground experts. We are expanding the Deal Room as part of the Build Together Campaign. Register now.
Our Prosper Africa Deal Days bring together businesses, investors, and government leaders to form new partnerships and open up new opportunities. View upcoming events here:
Success Snapshot: Chicago's Teachers Invest in Africa, Bolster Pensions
Angela Miller-May, as the Chief Investment Officer of the Chicago Teachers’ Pension Fund, used U.S. Government support to make the fund’s first investment in Africa—$20 million dollars in support of African companies working in healthcare, education, technology, and more. This kind of investment is a win-win. It puts money in the pockets of America’s workers and gives innovative African businesses the tools they need to grow.
Success Snapshot: Nigeria-Based Renewable Energy Company Works with United States to Improve Energy Access
Habiba Ali is the CEO and Managing Director of Sosai Renewable Energies, a woman-owned business in Nigeria. They recently received a U.S. Government grant to help connect more than 200,000 women, farmers, and rural citizens to new solar-powered mini-grids across the country. Climate-smart energy solutions mean jobs: jobs in Africa and jobs here at home.