U.S Agency for International Development (USAID) through the Prosper Africa initiative, is partnering with the United Bank for Africa (UBA) to increase two-way trade and investment between the United States and the nations of Africa.
This partnership ensures businesses are equipped with the technical and financial tools they need to enter into new trading and investment relationships in Africa and the United States.
USAID will provide technical assistance and advisory services to prospective businesses through its Trade and Investment Hubs, and will connect UBA with African Diaspora business groups working across the United States.
The MOU enables UBA, the only sub-Saharan African bank licensed to operate in the United States, to expand access its reach and extend financing to American companies in the United States looking to do business with African nations.
Recognizing tremendous growth opportunities, USAID and UBA are collaborating to advance Prosper Africa’s goal of substantially increasing two-way trade between Africa and the United States.
By working together, they will extend financing and technical assistance to businesses that will strengthen the American economy, grow African economies, and create jobs on both sides of the Atlantic.
The two institutions entered into this agreement as part of the opening ceremony of the Tunisia Prosper Africa Conference, co-organised by the U.S. Embassy in Tunis and the American Chamber of Commerce of Tunisia.
The event facilitated U.S. and African business-to-business connections and featured remarks by key representatives from the U.S. Government and the U.S. and African private sector.
Latest Stories
-
Academic City’s Business and Communication Dean launches new book
8 mins -
FIFA development delegation in Ghana to review GFA projects
15 mins -
Must teachers always strike before concerns are addressed? – Peter Anti quizzes
28 mins -
John Kumah’s wife inconsolable at his one week observance [Video]
30 mins -
Africa’s Top Women in Banking, Finance, and Investment to be celebrated at Angaza Forum in Nairobi
37 mins -
The love I’ve received is breathtaking – Kuami Eugene shares health update
52 mins -
Government targets $100m private capital to complete Saglemi Housing Project
1 hour -
Anti-LGBTQI+ Bill will bring economic disaster to Ghana if signed into law – Prof. Diamond
1 hour -
Akufo-Addo, Bagbin impasse over Anti- LGBTQI+ Bill could harm economy – Franklin Cudjoe
1 hour -
Adamus accused of defying court-directed Interim Management Committee
2 hours -
NPP running mate saga: Frontrunners will be disappointed – John Boadu
2 hours -
Calls for ECG-PURC truce intensify as ‘dumsor’ worsens
2 hours -
Unstable exchange rate affects claims payment – Ghana Insurers Association
2 hours -
Bank of Africa Ghana donates to Chief Imam, hosts Moroccan community to mark Ramadan activities
2 hours -
We’re winning 2024 polls hands down – PNC declares
2 hours