What is Prosper Africa? How is it different from other U.S. Government programs?
Prosper Africa is a whole-of-government initiative that leverages the services and resources of 17 U.S. Government agencies to substantially increase two-way trade and investment between the United States and Africa. For the first time, Prosper Africa brings together the full range of U.S. Government resources to connect U.S. and African companies with new buyers, suppliers, and investment opportunities.
What is a Prosper Africa Deal?
Any deal that supports trade and/or investment between the United States and Africa is a Prosper Africa deal.
A deal is a contractual agreement entered into by two or more parties. It can include agreements between companies and between companies and governments. It can also include not-for-profit entities as long as the result is increased trade and investment between the U.S. and Africa.
Trade includes the import or export of goods and services and can include businesses, organizations, and governments. Investment includes both foreign direct and portfolio investments by U.S. and African businesses, private investors, and institutional investors, including sovereign wealth funds
Who is eligible for Prosper Africa support?
Prosper Africa supports trade and investment deals across all sectors and among all types of businesses. The initiative supports trade and investment between the U.S. and countries across North and sub-Saharan Africa. That said, different U.S. Government tools have different eligibility requirements. Specific information is available in the Prosper Africa Toolkit. We are here to help you to navigate these requirements to find the right tool for your business.
Does Prosper Africa focus on specific countries within Africa?
We work with partner countries across the entire continent. Our goal is to substantially increase two-way trade and investment between the United States and Africa. This means we support viable business opportunities wherever U.S. Government engagement can be effective and decisive.
Does Prosper Africa have priority sectors?
The initiative does not have exclusive sectors. We recognize that each country or region has different sectoral opportunities for growth; and we focus on the sectors in each partner country or region that demonstrate the greatest opportunities for expanded U.S.-Africa trade and investment.
Is Prosper Africa only for U.S. businesses and investors interested in Africa?
Absolutely not. Prosper Africa is committed to increasing two-way trade and investment between the United States and Africa. This means working with both U.S. businesses and investors and African businesses and investors. You can explore our tools and services in the Prosper Africa Toolkit.
What is Prosper Africa doing to support trade and investment in the wake of COVID-19?
We understand that many businesses around the world are experiencing significant challenges due to COVID-19, and we are working across the highest levels of government to support and amplify the business community’s role in economic recovery. The U.S. Government offers over 60 trade and investment services, many of which we’ve adapted to help businesses and investors adjust their strategies and find new opportunities. You can learn more here.