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Trump Plan Seeks to Double U.S.-Africa Two-Way Trade

Trump Plan Seeks to Double U.S.-Africa Two-Way Trade by 2025

(Bloomberg) -- The U.S.’s Prosper Africa strategy plans to double two-way trade and investment between the world’s biggest economy and the continent in the coming years.

The plan, which is the flagship initiative of U.S. President Donald Trump in Africa, will facilitate transactions by providing blended finance, loan guarantees, and market intelligence to help make investments less risky, Mark Green an administrator for the U.S. Agency for International Development, known as USAID, said at a conference Wednesday in Mozambique’s capital, Maputo.

It will also provide “matchmaking” services between U.S. companies and African supply and value-chain partners, he said. Prosper Africa will also create country-specific roadmaps to improve the private investment landscape, he said.

To contact the reporters on this story: Prinesha Naidoo in Johannesburg at pnaidoo7@bloomberg.net;Matthew Hill in Maputo at mhill58@bloomberg.net

To contact the editors responsible for this story: Rene Vollgraaff at rvollgraaff@bloomberg.net, Ana Monteiro, Jacqueline Mackenzie

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