insulting comments<\/a>.<\/p>\n\n\n\nMr Biden struck a very different tone to his predecessor, speaking optimistically of improved links with Africa and telling the gathering that “when Africa succeeds, the United States succeeds. Quite frankly, the whole world succeeds as well.”<\/p>\n\n\n\n
He said that the crises facing the world today needed African leadership, ideas and innovations, and promised to build on the “vital” investments in Africa made by previous US administrations.<\/p>\n\n\n\n
To that end, ahead of the three-day summit which ends on Thursday, National Security Advisor Jake Sullivan said the US would commit $55bn (\u00a344bn) to Africa over the next three years.<\/p>\n\n\n\n
But the success of such programmes has been slow to realise. Africa only accounts for just over 1% of US foreign trade, which is dominated by petroleum imports from Nigeria and Angola.<\/p>\n\n\n\n
In his address on Wednesday, the US president spoke about a $500m-investment to reduce transport costs at a key West African port in Benin.<\/p>\n\n\n\n
He also mentioned $350m that would be spent on boosting the digital economy and said that $15bn-worth of deals had been struck at the US-Africa Business Forum.<\/p>\n\n\n\n
The US is also set to sign a memorandum with the African Continental Free Trade Area – one of the world’s biggest free-trade areas – which Mr Biden said would “unlock new opportunities for trade and investment” between the US and Africa.<\/p>\n\n\n\n
On the sidelines of the summit on Wednesday, Mr Biden separately met the six leaders of African nations which are holding elections in 2023 to press for free votes.<\/p>\n\n\n\n
Before the end of the summit on Thursday, the US president is also expected to back the African Union’s admission as a permanent member of the Group of 20 major economies. It is also likely that he will announce a trip to the continent in the new year.<\/p>\n\n\n\n
Editor : This Article was first published by BBC<\/strong><\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
US President Joe Biden has announced billions of dollars in support and investment for Africa at a summit with the<\/p>\n","protected":false},"author":1,"featured_media":7662,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[258],"tags":[],"class_list":["post-7661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-africa-us-trade-relations"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2022\/12\/bidwen.jpg","jetpack-related-posts":[{"id":7591,"url":"https:\/\/prowebinhost.com\/anzu\/president-museveni-departs-for-the-us-africa-leaders-forum-with-e-mobility-top-on-his-agenda\/","url_meta":{"origin":7661,"position":0},"title":"PRESIDENT MUSEVENI DEPARTS FOR THE US-AFRICA LEADERS’ FORUM WITH E-MOBILITY TOP ON HIS AGENDA","author":"UgandaUpdate","date":"December 11, 2022","format":false,"excerpt":"The President of the Republic of Uganda, Gen. 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