INTRODUCTIONLeaders from across the African continent gathered in Washington, DC from
December 13-15, 2022, for the U.S.-Africa Leaders Summit to underscore the
importance of U.S.-Africa relations and increased cooperation on shared global
priorities. Held on the second day of the Summit, the U.S.-Africa Business Forum
(USABF) focused on advancing two-way trade and investment partnerships that
bolster Africaโs role in the global economy, scaling innovation and entrepreneurship,
and driving advancements in key sectors.
The Summit exhibited the value the United States
places on our collaboration with African nations, as
well as the White Houseโs commitment to revitalizing
global partnerships and alliances. The Summit also
demonstrated the value that African nations can bring
to the global economy and the potential for new
partnerships with U.S. businesses and investors. Six
months after the conclusion of the Leaders Summit,
the United States is delivering on our commitments.
The Summit was marked by announcements of new
investments, partnerships, and initiatives totaling
$15.7 billion. Since then, the value of these investments
has risen by half a billion dollars in value from
$15.7 billion to $16.2 billion. The investments and
partnerships will enhance trade, create jobs, build
economies, and drive inclusive and sustainable
growth on both sides of the Atlantic in sectors
including sustainable energy, African health systems,
agribusiness, digital connectivity, infrastructure,
and finance.
This U.S.-Africa Leaders Summit Progress Report
highlights the U.S. Government and private sector
deals that have closed or are nearing completion
since December 2022
PRIVATE SECTOR
Motorola Solutions and the Government of Senegal closed a deal for a secure nationwide digital network that Motorola Solutions
is currently deploying to modernize public safety com
munications in Senegal. The state-of-the-art P25 technology will give Senegal
the most advanced public safety network in Sub-Saharan Africa and improve public safety by streamlining communication between
Senegalโs police, fire, ambulance and other emergency services, reducing emergency response times. The system will span more
than 100 sites in Senegal, with Motorola Solutions providing 24/7 technical support and maintenance.
Pfizer closed a $15.5 million investment with South African bio-pharmaceutical company BioVac Institute to construct Africaโs
first freezer farm to store essential vaccines for COVID-19 and other viruses. The 1100 square-meter building, which opened in March
2023, houses 135 ultra-low temperature freezers capable of storing vaccines at a temperature of -70 degrees Celsius. Pending
regulatory approval from the South African Health Products Regulatory Agency (SAHPRA), once fully operational, the facility is
expected to employ more than 400 skilled jobs and strengthen the continentโs ability to respond effectively to future
viral outbreaks.
OSI Systems closed a deal with Ghanaian concessionaire Nick TC Scan Ltd., to supply a new Eagle A25 X-ray pallet scanner for
their operations at the airport in Accra, Ghana. The $2.5 million deal will install a new cargo scanner in August 2023, to screen
imports coming off cargo planes, improve Ghanaโs border security, mitigate against trade fraud, and assist with the collection of
trade revenue.
Ubuntu Towers, an independent developer and operator of passive telecommunications infrastructure in Uganda, committed to
accelerating Africaโs ICT transformation. Using advisory services from Prosper Africa, Ubuntu Towers secured a $35 million
long-term commercial loan from a major commercial bank to expand ICT infrastructure in East Africa. This initial facility is 90%
utilized and Ubuntu Towers is in the process of accessing an additional $45 million to continue its growth, especially around
rural coverage, to help multinational organizations in Uganda meet their license obligation of 95% land mass coverage. With this
investment, employment, education, health, financial and agricultural services will be extended closer to the population, helping to
bridge the digital divide.Cybastion, a diaspora-owned security firm and Cisco Systems partner, committed to facilitating ten major cybersecurity export
contracts in Niger, Cรดte dโIvoire, Burkina Faso, Congo Brazzaville, Benin, and Cameroon, totaling $858 million.
โข Cybastion met in April 2023 in Washington, D.C., with Nigerโs Minister of Finance and Prosper Africa, U.S. Department of
State and U.S. Department of Commerceโs Foreign Commercial Service to sign an $80 million contract for the Cybersecurity
Authority & Security Operations Center.
โข In Cรดte dโIvoire, the U.S. Government has played a key role in helping Cybastion to close four projects with the Ivorian Ministry
of Tourism, the Civil Cyber Security Agency, the Ministry of Commerce and the Ministry of Defense. These contracts and the
follow-on business are valued at $400 million.
Acrow Bridge, ABD Group, and the Government of Angola delivered a commitment to develop, finance, and build 186 steel
bridges covering every territory of Angola. The commitmentโs progress includes: a commercial agreement was signed for nearly
$400 million; and the Government of Angola secured almost $80 million to finance the project. Additional financing is expected in
2023 to rapidly deliver on this project.
ABD Group and General Electric Healthcare made a commitment to assist in the transformation of Cote dโIvoireโs medical systems.
Through a $160 million investment, these two corporate giants are developing the capabilities of more than 100 hospitals and
clinics across Cote dโIvoire and providing them with GE Healthcareโs equipment that will facilitate new treatment options for the
countryโs patients. As of late-May, construction has started on 36 sites with 11 of them complete. By June, 19 sites will be complete.
MyHydro, a partnership of international power developer Symbion Power and Alameda, CA-based Natel Energy, committed to
investing $1 billion over the next 10 years to install fish-safe, low-head hydropower-based distributed systems with associated
mini-grids at low cost across the African continent. Symbion Power Lake Kivu Limited, a company jointly owned by Symbion Power
LLC and Power Energy Gas Rwanda Ltd, developed two biogas plant facilities in Rwanda on Lake Kivu, the only lake that emits
methane gas from its lake bed into the water. The approximately $250 million project is now successfully producing electricity and
supplying the Rwanda national grid. Symbion was formally awarded a second biogas project on Lake Kivu, near the city of Goma in
the eastern DRC
U.S.-AFRICA LEADERS SUMMIT PROGRESS REPORT: U.S. GOVERNMENT
U.S. GOVERNMENT
The U.S. International Development Finance Corporatio
n (DFC) has committed nearly $110 million in financing to projects across
the continent. This builds on DFCโs announcements from the Summit of $369 million in new active commitments across Africa,
more than $2.4 billion in active commitments to support development projects across Africa since the beginning of the Biden
Harris Administration, and a total portfolio in Africa of more than $11 billion as of December 2022.
DFC committed $20 million in financing to One Acre Fund to provide financing for fertilizer and other agricultural inputs, aiming
to increase farm yields in Sub-Saharan Africa with a strong focus on female farmers. In 2022, the fund provided services to
approximately 4 million farmers to increase their harvests. DFC also provided a $5 million grant to One Acre Fund to support
climate adaptation activities for smallholder farmers.
DFC committed a $25 million loan to Golomoti JCM Solar to finance a 20 MW solar power plant and 5MW/10MWh battery energy
storage system in Malawiโs Dedza district. The plant is one of the first in Sub-Saharan Africa to include a grid connected battery
energy storage system that will help ensure a reliable supply and reduce frequent blackouts.
DFC signed definitive documentation for a $10 million equity commitment to the Transform Health Fund that was announced at
the Africa Leaders Summit. The Transform Health Fund
will target transactions in Africaโs healthcare services and health supply
chain sectors, increasing healthcare access for low-income populations.
In late May, DFC announced that Africa Data Centers (ADCs), Africaโs largest network of interconnected data facilities, is using
part of its $300 million loan facility to construct a first-of-its kind data center in Ghana. Africa accounts for less than one percent
of total available global data center capacity despite being home to 17 percent of the worldโs total population.
With support from USAID, a $2.5 million loan portfolio guaranty to Opportunity International Savings and Loans will support
agricultural microenterprises and smallholder farmers, particularly in regions of northern Ghana that face high rates of poverty
and malnutrition.
The Export-Import Bank of the United States (EXIM) has authorized approximately $1.6 billion of transactions supporting exports
to Africa, of which over $900 million support President Bidenโs Partnership for Global Infrastructure and Investment (PGII)
initiative. During the Vice Presidentโs recent trip to the region, EXIM and the Government of the United Republic of Tanzania
announced an MOU to facilitate up to $500 million in U.S. export financing to Tanzania. In June, EXIM approved an initial $900
million in financing for two solar projects to generate over 500 megawatts of renewable power and provide access to clean energy
resources across Angola, estimated to support 1,600 jo
bs.
US EXIM BANK Angola/Sun Africa: On April 27, 2023, the Export-Import Bank of the United States (U.S. EXIM) approved for
Congressional notification an initial $900 million in financing for two solar projects that were announced at the 2022 G7 Summit
by the Government of Angola, U.S. firm AfricaGlobal Schaffer, and U.S. project developer Sun Africa. Together, the projects will
generate over 500 megawatts of renewable power; provide access to clean energy resources across Angola; help Angola meet its
climate commitments; and support exports of U.S. solar panels, connectors, switches, sensors, and other equipment.
US EXIM BANK Coastal Travels, Ltd, Tanzania-Cessna/Textron Aviation: On March 22, 2023, EXIM authorized $5.1 million in
support of the sale of 2 Cessna Caravans. The exporter for this transaction is Africair, Inc. of Florida and the lender was Apple Bank
for Savings. The guarantor is Taifa Mining and Civils Ltd. Purpose of this financing is to meet travel demands in the Serengeti region
and Tanzania.
US EXIM BANK Engineered Mining Solutions, Ltd., South Africa, on January 9, 2023, EXIM approved $1. 8 million for the sale of
mining equipment to Engineered Mining Solutions. The le
nder for this transaction is Atrafin.
US EXIM BANK Ethiopian Airlines: On December 22, 2022, EXIMโs Board of Directors unanimously approved a $281 million from
the Private Export Funding Corporation (PEFCO) to Ethiopian Airlines Group. These monies will finance the export of several
Boeing 737 MAX 8 aircraft. It will also support 1,600 American jobs across Washington, Indiana, and North Carolina. The first of this
fleet were delivered in September 2022 and the remaining aircraft are expected to be delivered by the end of March 2023.
US EXIM BANK Ministry of Finance โ Angola/ GatesAir: On November 17, 2022, EXIMโs Board of Directors unanimously approved
a $41.8 million transaction to support GatesAir Inc.โs contract to provide analog FM transmitters, antennas, training and radio studio
modernization equipment to Radio Nacional de Angola, the state-owned national radio broadcaster. This radio signal expansion
and modernization is to reach 95 percent of the Angolan population with FM radio signals. For the first time, the government will
be able to address the entire nation simultaneously.
Since the U.S. Africa Business Forum, the following U.S. Government trade and investment deals closed or are
nearing completion.
U.S.-AFRICA LEADERS SUMMIT PROGRESS REPORT: U.S. GOVERNMENT
US EXIM BANK Viasat: On December 22, 2022, EXIMโs Board approved financing for more than $407 million to the United
Kingdomโs Viasat Technologies Ltd., a well-established provider of high-speed broadband services, advanced satellite and wireless
networks and secure networking products, and services to government, commercial and satellite markets, to fund rocket launches
supplied by Space Exploration Technologies of Hawthorne, CA and United Launch Alliance of Centennial, CO as well as U.S.-
brokered launch and initial in-orbit insurance services to support the deployment of two satellites. Once fully deployed, the Viasat
constellation will provide global coverage, dramatically improving connectivity in regions such as sub-Saharan Africa.
The U.S.-Africa Clean-Tech Energy Network (CTEN) is a partnership between the U.S. Government, clean-tech energy companies,
and key energy stakeholders across Africa focused on bridging the electricity gap in Sub-Saharan Africa. The CTEN partnership,
coordinated by Power Africa and Prosper Africa, is building a network that links clean technology energy companies in the U.S. and
Africa with the goal of closing $350 million of new clean energy deals over the n
ext five years. Since the CTEN launch at the 2022
Africa Leaders Summit, 24 U.S. clean-tech companies have joined the network, strengthening the cleantech ecosystem to improve
energy access through power generation, newly established electricity connections, and spurring U.S. clean energy exports. Power
Africaโs Health Electrification and Telecommunications Alliance (HETA), a public-private partnership, is investing $47 million
to leverage more than $150 million of private sector resources to install reliable, renewable power and provide mobile network
and internet access for at least 10,000 health facilities across sub-Saharan Africa. Since its launch in late-2022, HETA has started
projects in Eswatini, Tanzania, Sierra Leone and DRC. Working with partners such as Resolve, Bechtel, Vodafone, Caterpillar, Zola
Energy, Orange, and World Vision, this partnership plans to connect more than 500 health facilities by the end of 2023, creating
more resilient and reliable health systems.
The U.S. Trade and Development Agency (USTDA) has funded eight feasibility studies since the Summit to advance the
implementation of over $1 billion in digital connectivity, clean energy, and healthcare infrastructure projects on the continent. In
addition, USTDA organized reverse trade missions focused on airport infrastructure and last-minute connectivity, with the intent to
connect African public and private sector representatives with the latest U.S. technologies, services, and financing solutions.
USTDA funded a feasibility study for Nigeria-based agribusiness AA Universal Agro Industries. The study supports the
development of an integrated cocoa and cassava agriculture processing facility. In addition to enhancing the facilityโs cocoa
processing capability to produce higher-value downstream products, the expansion will also add the means to process cassava
cultivated by local smallholder farmers into other food staples.
USTDA funded a feasibility study for Nigerian private health operator Cedarcrest Hospitals Limited to develop a comprehensive
cancer treatment center in Abuja that will provide diagnosis and treatment services for up to 1,000 patients per year. The center
will offer full-range oncology services including prevention and screening, diagnostics, chemotherapy, immunotherapy, surgical
oncology, and radiotherapy.
USTDA funded a feasibility study for Fly Zipline Ghana Limited (Zipline) to expand healthcare access and related-sector logistics
in Ghana and Nigeria using unmanned aerial vehicles. Zipline is an American company that designs, manufactures, and operates
delivery drones in several countries, including Ghana and Rwanda. In addition to making healthcare more accessible and affordable,
the project is anticipated to increase access to e-commerce, postal, and agricultural products in hard-to-reach areas, helping to
stimulate local economies and reducing costs and time to access goods and services.
USTDA funded a feasibility study for Nigerian private healthcare network, Lily Hospitals Limited. The study will support the
acquisition, refurbishment, and operation of ten healthcare facilities under the network. Its findings will recommend the most
suitable facilities, business models, and financing options. The facilities will serve up to 25,000 patients annually.
USTDA funded a feasibility study for Nigeriaโs Mobihealthcare Limited (Mobihealth) to support the expansion of its telehealth
services from Nigeria to Cรดte dโIvoire, Ghana, Kenya, and Egypt. The study will include a detailed market assessment, financial
analysis, and legal and regulatory assessment for each of the four countries. The Africa Investment Forum will collaborate with
USTDA to facilitate the development and financing of Mobihealthโs expansion project once the study is complete. This effort will
help expand healthcare access for 100,000 individuals per year across Africa.
USTDA awarded a grant to Sierra Leone-based green infrastructure developer Sewa Energy Resources to fund the supplementary
engineering and environmental studies required by potential financiers for a 27-megawatt run-of-river hydroelectric plant at Betmai
Falls. The plant would supplement Sierra Leoneโs current estimated 167 megawatts of energy capacity, increasing access to reliable
power generated through renewable energy.
USTDA funded a feasibility study to improve the reliability of Zambiaโs renewable energy infrastructure through the utilization of a
utility-scale battery energy storage system. USTDAโs grant will advance the efforts of Africa GreenCo Group, a renewable energy
trader, to develop a 400 megawatt-hour battery energy storage system portfolio that would be one of the largest in Africa.
The Millennium Challenge Corporation (MCC) and USAID, in partnership with Prosper Africa, closed a deal with Moroccan
Government-owned financial institution La Sociรฉtรฉ Nationale de Garantie et du Financement de lโEntreprise (commercially
branded as Tamwilcom) to significantly expand a green credit guarantee product in Morocco that will unlock commercial bank
lending for small businesses to invest in climate-friendly projects in the countryโs industrial zones. Under the deal signed by MCC
and Tamwilcom, the U.S. Governmentโs $10 million investment will allow Tamwilcom to issue up to $100 million in guarantees,
mobilizing up to $160 million in commercial loans, and catalyzing up to $200 million in private investment for projects that reduce
carbon emissions or otherwise improve the environmental performance of industrial zones in Morocco. Once the initial portfolio of
loans is repaid, the remaining U.S. Government funds will be recycled to support further rounds of loan guarantees.
U.S.-AFRICA LEADERS SUMMIT PROGRESS REPORT: PROSPER AFRICA
Standard Bank and GE Healthcare announced a collaboration to bring greater accessibility to African healthcare systems across
the entire continent. The partners have made up to $80 million in financing available for the purpose of financing and distributingGE HealthCare equipment over the course of the next five years. The collaboration has approved a total of $3.6 million for eligible
GE HealthCare equipment orders, representing a significant step towards their vision. Additionally, $2 million has already been
disbursed for equipment that has been successfully installed and commissioned.
The Department of Commerce and Zambiaโs Ministry of Commerce, Trade and Industry signed a Memorandum of Understanding
on commercial development aimed to uplift trade and investment between the two countries. As announced by Vice President
Kamala Harris during her March 2023 visit to Zambia, key initiatives in the MOU include developing a shared roadmap for an
improved business climate and strategic projects aimed to facilitate increased trade in key sectors and create jobs in both countries.
In support of a Memorandum of Understanding with the African Continental Free Trade Area (AfCFTA) Secretariat, the United
States and AfCFTA Secretariat are initiating four technical working groups on (1) goods trade and trade data, (2) services,
investment, digital trade, and intellectual property rights, (3) trade facilitation (4) stakeholder engagement.
The U.S. Small Business Administration (SBA) approved over $9 million in export loans to support U.S. small business exports to
the continent. These loans together supported nearly $20 million in U.S. small business goods and services sales to North and Sub
Saharan African customers.In April 2023, the Presidentโs Advisory Council on Doing Business in Africa (PAC-DBIA) recommended the Biden-Harris
Administration strengthen U.S-Africa commercial engagement in the following sectors: 1) Healthcare, 2) Agribusiness and
Food-Water Security, 3) Digital and Information and Communications Technology, 4) Energy and Environment, and 5) Financing
and Infrastructure. The PAC-DBIAโs recommendations are intended to inform the United States Governmentโs commercial
engagement in Africa as follow-through on the positive energy generated by the U.S.-Africa Leaders Summit and Business Forum.
PROSPER AFRICA
Prosper Africa is the White House initiative to increase two-way trade and investment between the United
States and African countries. The U.S. Government initiative provides an entry point for companies and investors
to access the full suite of U.S. Government trade and investment services that help to build new markets for
American products, drive
billions of dollars of U.S. investment in Africa, and support thousands of jobs for both
African and American workers.
Prosper Africa has made landmark progress delivering on its commitment to increase U.S. investment in Africa and
African exports to the United States by $2 billion dollars over the next five years.
Prosper Africa, in partnership with the U.S. Agency for International Development (USAID), has launched the Africa Tech for
Trade Alliance and seen the close of $274 million in long-term financing for affordable housing across West Africa. With USAID, the
Prosper Africa initiative has launched Buyer-Supplier Partnerships across the continent; rolled out a Catalytic Investment Facility
in partnership with nine African funds; and launched Continental Services that support business in maximizing opportunities under
the African Growth and Opportunity Act (AGOA) and African Continental Free Trade Area (AfCFTA). Today, the Administration
announced British A. Robinson as the new Prosper Africa Coordinator.
The Digital Transformation with Africa (DTA) Initiative established the African Digital Policy Council to navigate and coordinate
efforts under this signature $800 million initiative to invest in the continentโs digital future. Vice President Harris in April issued a
โcall to actionโ to the private sector and philanthropic community to make direct investments and social impact commitments to
advance digital inclusion in Africa. This work will directly support DTAโs aim to make sure that people across Africa can participate
in the global digital economy.
Prosper Africa, in partnership with the Institutional Investor Network and global advisory firm MiDA Advisors, is delivering
on its commitment to channel large-scale institutional investments into African financial markets. In April, a mortgage financing
company in Togo used Prosper Africa support through USAID to close a $274 million investment in partnership with major financial
institutions, including Bank of America Securities and Brean Capital, LLC. The investment will make affordable home ownership a
reality for over 6,000 households across West Africa. In May, a high-level U.S. institutional investor delegation managing over $2
trillion in assets traveled to Cairo, Egypt, with four additional investor trips planned in 2023, to facilitate market information and
insights, exposure to the African market, and deal-making.
Prosper Africa is connecting thousands of African suppliers and American buyers to expand supply chain operations on the
continent. This spring, Prosper Africa and USAID co-invested in 20 job-creating partnerships with Kenyan and American companies
valued at over $200 million dollars and expected to create 20,000 jobs.
Prosper Africa, through USAID, established new partnerships through its new Catalytic Investment Facility, to mobilize more than
$200 million in private capital for early-stage African companies and entrepreneurs. With a $6 million investment from Prosper
Africa and USAID, the facilityโs five African asset management partnerships are unlockinging private capital to drive scale and
sustainability while decreasing risk for prospective U.S. investors. Two of these partners have already hit major milestones: in April,
Future Africa launched its Accelerate Africa pre-accelerator for African entrepreneurs, and in May, ThirdWay Partners announced
the close of its $70 million Africa Conservation and Communities Tourism (ACCT) Fund
