It’s a G-thing, US mega investors say :: Mmegi Online

Major US institutional investors with assets of about $2.3 trillion were in Botswana recently, as part of a five-country tour of African states. Towering titans like South Africa, Nigeria and Morocco also on the list, but the investors say one key element they’re watching out for is governance. Staff Writer MBONGENI MGUNI reports

Last December, I joined hundreds of delegates at the US Africa Leaders’ Summit called by President Joseph Biden and attended by more than 40 African heads of state, together with their private sectors. Stemming from that engagement, 75 new deals between the United States and African countries were closed for a total estimated value of $5.7 billion in two-way trade and investment.

At least $15 billion in commitments were made by business and government leaders at the Summit, as well as the additional $8 billion in private sector commitments and a further $1 billion in U.S. Government commitments made in conjunction with Vice President Kamala Harris’s visit to Ghana, Tanzania, and Zambia in March this year.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.