Deals Worth $900m Expected At US-Africa Business Forum

Niyi Aderibigbe Advisor Network, Economic Development & Policies, International, Investing, Investors, Markets

 

VENTURES AFRICA – Almost $1 billion worth of deals would be made public at the US-Africa Business Forum that will hold August in Washington DC, Penny Pritzker, US Commerce Secretary has confirmed.
“There will be announced at the summit at least $900 million in deals. It will be a combination of all different types of structures. But this is new money—and there will be more to come,” WSJ Frontiers quoted Pritzker as saying.

The business forum is aimed at encouraging US and Africa to shrink investment gaps between both regions.
Taking place alongside President Barack Obama’s US-Africa Leaders’ Summit, the forum is to be co-hosted by the Department of Commerce and Bloomberg Philanthropies. It is set to bring together over 200 American and African businesspeople, heads of state and other government officials, according to Pritzker.
Obama will on August 6 host over 40 African heads of state in Washington for the presidential summit. Top on the agenda for the summit are discussions on economic development, security and governance.