The US has pledged $55 billion to Africa over the next three years, but how does it plan to spend it? The money will go to different sectors on the continent and is distributed in partnership with the US Congress, White House National Security Adviser Jake Sullivan explained, Reuters reported.
The US has pledged $55 billion to Africa over the next three years, but how does it plan to spend it?
The money will go to different sectors on the continent and is distributed in partnership with the US Congress, White House National Security Adviser Jake Sullivan explained, Reuters reported.
Most of the funds come from previously announced programs and planned budget funds.
The Biden administration will invest nearly $20 billion in Africa's health care.
These include $11.5 billion to fight AIDS, more than $2 billion to fight malaria, more than $2 billion to support family planning and reproductive health, as well as child health and maternity care, and more than 2 billion to address the health, humanitarian and economic consequences of Covid-19.
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The administration will also ask Congress for $4 billion for health workers in Africa.
The US will also unblock 150 million dollars to provide electricity to hospitals in Africa, adds France Press.
The goal is to electrify nearly 10,000 hospitals in sub-Saharan Africa that currently lack a reliable source of electricity.
Since January last year, the Biden administration has invested and plans to invest at least $1.1 billion to support African efforts to protect the environment, adapt to climate change and make an energy transition, Reuters recalls.
$15 billion will go to trade and investment partnerships.
This amount also includes more than $1 billion in the form of contracts concluded between the United States and African partners, including banks.
Among these deals, one for $350 million to build a network of clean energy technologies stands out.
$358 million will go to new investments in initiatives to support women in Africa.
The State Department will also launch a program for "green" jobs for women, with an initial investment of $1 million.
In addition, Visa will invest $1 billion in the online payments sector in Africa, an area in which China is now a leader.
Microsoft will launch a program to facilitate access to the Internet via satellite for 10 million people around the world, including half in Africa.
Thus, for the first time, people in the most remote areas of Egypt, Senegal, and Angola will have Internet access.
The US-Africa meeting also signed an agreement to provide $504 million to connect the port city of Cotonou, in Benin, with Niamey, the capital of Niger.