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.
(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...
Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...
Four major operators—Mauritel, Mattel, Rimatel, and Chinguitel—submitted a combined bid of ...
AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...
Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...
Africa produces what it doesn’t consume, and consumes what it doesn’t produce. That stark line captures the contradictions of a continent that holds...
Togo unveils 2026–2028 strategy to boost Sahel-Gulf cooperation Plan targets security, trade corridors, political dialogue, regional...
Mobile phones now handle sales, payments, and logistics for thousands of small businesses Orange launches Mobile Pro to serve firms with fewer than 10...
Seychelles president visits Russia, UAE to strengthen strategic partnerships Talks cover tourism, investment, transport, food security...
The Virunga Gorilla Marathon is a relatively recent initiative held in the Virunga region, a volcanic mountain range straddling the borders of the...
Lomé is hosting the 9th edition of the International Film Festival of Togo (FIFTO) featuring 33 films. The event promotes African storytelling in...