U.S to increase investment in Nigeria, others Africa Countries


 
The United States government has unveiled a new trade policy to increase American corporate investment in Nigeria and other African countries.

 This is coming as concerns grow in the West over China’s increasing influence in Africa. Beijing has been the largest trading partner for Africa for nine consecutive years.

In the first half of 2018, China-Africa trade volume exceeded $98.8bn, according to the country’s ministry of commerce.

The US Assistant Secretary of State for African Affairs, Mr Tibor Nagy, said President Donald Trump has signed a legislation that will provide $60 billion capital to fund investment in developing countries.

In the first half of 2018, China-Africa trade volume exceeded $98.8bn, according to the country’s ministry of commerce.

The US Assistant Secretary of State for African Affairs, Mr Tibor Nagy, said President Donald Trump has signed a legislation that will provide $60 billion capital to fund investment in developing countries.

He, however, said greater international investment will only come with continued reforms.
He said the United States promotes stronger trade and business ties between Africa and America but stressed that for the continent to attract more businesses, there is need for African governments to increase transparency and fairness in their respective commercial environments.

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