ADVERTISEMENT

USA earmarks $5.4 billion to deepen commercial ties with these 4 African countries

The United States of America (USA) is committing over $5.4 billion through its agencies to expand commercial ties with four African countries: Ghana, Ethiopia, Kenya and Cote d’Ivoire.

ADVERTISEMENT

Ghana, Ethiopia, Kenya and Cote d”Ivoire are the countries set to benefit.

Wilbur Ross Jr.with his visiting entourage revealed this during a US-Ghana business forum in Accra.

“We are all here to demonstrate our support for what is going on in Ghana and in Africa. The agencies and businesses with me here have committed more than US$5.4billion to expand commercial ties with four countries in Africa,” Wilbur Ross Jr. said.

ADVERTISEMENT

According him the U.S. government and American businesses will continue to demand transparency and accountability in their dealings with the continent.

“African nations should be extremely comfortable engaging with American companies. American firms operating in Africa are required to abide by an anti-corrupt practices act passed by the US Congress in 1977,” he indicated.

“Everyone wins when there is fair and open competition on a level playing field with a transparent set of rules. We made this point clear in our ministerial meetings; we must fight corruption; it has no place in any democracy and no place in civil society,” the secretary added.

FOLLOW BUSINESS INSIDER AFRICA

Unblock notifications in browser settings.
ADVERTISEMENT

Recommended articles

10 African countries that waste the most food in 2024

10 African countries that waste the most food in 2024

US troop withdrawal from Niger hangs in the balance

US troop withdrawal from Niger hangs in the balance

Detained Binance executives sue Nigerian authorities for human right violation

Detained Binance executives sue Nigerian authorities for human right violation

Nigeria's central bank increases minimum capital base for banks

Nigeria's central bank increases minimum capital base for banks

Sony’s creators convention redefines the creative landscape for content creators

Sony’s creators convention redefines the creative landscape for content creators

Exploring the popularity of progressive jackpot slots in Indonesia

Exploring the popularity of progressive jackpot slots in Indonesia

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

Egypt, Nigeria, and South Africa ranked as Africa's most polluted countries in new report

10 African countries with the lowest life expectancy according to the World Bank

10 African countries with the lowest life expectancy according to the World Bank

Kenyan women are more obese than their men - here’s why

Kenyan women are more obese than their men - here’s why

ADVERTISEMENT