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The Nexus
BUSINESSJul 27 · 14:45 UTCSEMAFORYinka Adegoke

Trump's $500M private investment push into Africa

The US State Department's new US-Africa Strategic Investment Program aims to catalyze private investment in Africa by offering up to $50 million in grants for projects de-risking investments in critical minerals and commercial diplomacy. The initiative shifts from USAID to the State Department and faces criticism for prioritizing trade over development, with debates over whether markets can be de-risked into existence.

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Trump's $500M private investment push into Africa · The Nexus