https://www.polity.org.za
Deepening Democracy through Access to Information
Home / News / All News RSS ← Back
Close

Email this article

separate emails by commas, maximum limit of 4 addresses

Sponsored by

Close

Article Enquiry

US looks to leverage African diaspora in trade with Africa


Close

US looks to leverage African diaspora in trade with Africa

Should you have feedback on this article, please complete the fields below.

Please indicate if your feedback is in the form of a letter to the editor that you wish to have published. If so, please be aware that we require that you keep your feedback to below 300 words and we will consider its publication online or in Creamer Media’s print publications, at Creamer Media’s discretion.

We also welcome factual corrections and tip-offs and will protect the identity of our sources, please indicate if this is your wish in your feedback below.


Close

Embed Video

US looks to leverage African diaspora in trade with Africa

US President Joe Biden
Photo by Reuters
US President Joe Biden

29th July 2021

By: Reuters

SAVE THIS ARTICLE      EMAIL THIS ARTICLE

Font size: -+

The Biden administration plans to tap the African diaspora in the United States to bolster trade with Africa, a US official said on Wednesday, in a push to work with people who understand "social nuances" on the continent.

Working with diaspora-owned enterprises is part of the revival of Prosper Africa, an initiative begun by former US President Donald Trump in 2018 that the Biden administration aims to make the "centerpiece of US economic and commercial engagement with Africa."

Advertisement

Speaking at the US-Africa Business Summit on Wednesday, US Deputy Secretary of Commerce Don Graves said the diaspora can overcome a major impediment to doing business overseas: cultural gaps.

"America's African diaspora has a tremendous advantage in African markets relative to their peers, because they understand the market dynamics and social nuances better than anyone else," Graves said.

Advertisement

Prosper Africa will focus on clean energy, health, agribusiness and transportation infrastructure. US President Joe Biden, who requested nearly $80-million for the initiative in his budget proposal in May, aims to focus it on women and equity, with an expanded role for small- and medium-sized businesses.

For one member of the African diaspora community, past experience with a similar initiative shows the difficulty of getting the message out to businesses.

"Information on such programs usually does not get to the people who need to know about it, because of the way it's disseminated," said Omega Tawonezi, executive director of Immigrant Community Services, who works with US-based African entrepreneurs.

EMAIL THIS ARTICLE      SAVE THIS ARTICLE      FEEDBACK

To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here


About

Polity.org.za is a product of Creamer Media.
www.creamermedia.co.za

Other Creamer Media Products include:
Engineering News
Mining Weekly
Research Channel Africa

Read more

Subscriptions

We offer a variety of subscriptions to our Magazine, Website, PDF Reports and our photo library.

Subscriptions are available via the Creamer Media Store.

View store

Advertise

Advertising on Polity.org.za is an effective way to build and consolidate a company's profile among clients and prospective clients. Email advertising@creamermedia.co.za

View options

Email Registration Success

Thank you, you have successfully subscribed to one or more of Creamer Media’s email newsletters. You should start receiving the email newsletters in due course.

Our email newsletters may land in your junk or spam folder. To prevent this, kindly add newsletters@creamermedia.co.za to your address book or safe sender list. If you experience any issues with the receipt of our email newsletters, please email subscriptions@creamermedia.co.za