In 2023, agricultural exports from Africa to the United States reached a significant milestone, totaling $2.6 billion. This figure underscores Washington's ongoing efforts to deepen its cooperation with African nations. Against this backdrop, a new initiative aims to increase the flow of African food products to the U.S. market.
On Wednesday, March 27, 2024, the United States Agency for International Development (USAID) rolled out a new commercial platform designed to connect African food producers with major American food retailers. Named the "Africa Trade Desk," this initiative is set to facilitate at least $300 million in food exports from Africa to the U.S. market within the next 18 months.
The initiative will be implemented through a public-private partnership between Prosper Africa, a U.S. government initiative for African entrepreneurs, and Afritex Ventures, an American agribusiness distribution company. The focus will be on a variety of products, including seafood, peppers, stone fruits, citrus, herbs, and high-value vegetables.
USAID explained, "This initiative aggregates products from African suppliers, secures firm orders from its established network of U.S. buyers, and accesses financial resources to fund large orders." The agency stressed that the goal is to guide African suppliers and equip them with the tools they need to succeed in the American market.
It's worth noting that African agricultural exports to the U.S. market hit $2.6 billion in 2023. With the "Africa Trade Desk" initiative now in motion, USAID anticipates that the project could account for more than 10% of this total, marking a substantial increase in Africa's agricultural export capacity to the United States.
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
This week in Africa, Africa CDC continues its clinical trial on mpox, while a new study highlights l...
Ivory Coast expects a new government after the prime minister and cabinet resigned following Decem...
Fortuna Mining plans to invest about $100 million in 2026 to advance the Diamba Sud gold project in Senegal. The company targets a...
Egypt signed a 25-year, dollar-denominated power purchase agreement with Scatec covering 1.95 GW of solar capacity and 3.9 GWh of battery...
DEG provided a €30 million loan to Africa Go Green Fund to expand climate-focused financing in Africa. The fund targets energy efficiency,...
DEG to lend €30 million to Africa Go Green Fund Fund invests in clean energy and climate solutions across Africa Financing targets underfunded...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...