Prosper Africa

🇲🇼 💨 USTDA Supports Wind Power in Malawi The U.S. Trade and Development Agency (USTDA) awarded a grant to Malawi-based Mzuzu WF Limited, a subsidiary of our partner JCM Power, for a feasibility study to establish a 50-megawatt wind energy generation facility and an accompanying battery energy storage system in Malawi. This is one of the country’s first utility-scale wind farms and will generate opportunities for U.S. suppliers to provide high-tech clean energy solutions. The project will support the U.S. government’s Partnership for Global Infrastructure and Investment; Prosper Africa, which fosters economic engagement between the United States and Africa; Power Africa, which aims to increase energy access on the continent; and USTDA’s Global Partnership for Climate-Smart Infrastructure. LEARN MORE: https://ow.ly/JX4e50SO6G0 #Malawi #WindPower #WindFarm #CleanEnergy #EnergyAccess #PowerGeneration #BESS #PowerAfricaPartner #PowerAfrica USAID Jon Bahen Joseph Rodriguez (he/him/his) Enoh T. Ebong

Hear from the CEO of Kad Manufacturing, an apparel manufacturing company in Ghana, about her experience at the Sourcing at MAGIC tradeshow and her hopes to expand her business using AGOA. #AGOA2024 USAID USAID Africa Trade and Investment Activity

On the final day of #AGOA2024, Coordinator British Robinson moderated a ministerial level panel, highlighting the importance of mobilizing private capital to close the investment gap in sub-Saharan Africa. Coordinator Robinson also met with the Deputy Secretary of the Treasury Wally Adeyemo who provided closing remarks to wrap up the forum. Learn more about the AGOA Forum in USTR's Readout:  https://lnkd.in/ePyK8qj5

“This new index will help investors benchmark the true risks and rewards from investing in a diversified portfolio of African hard-currency sovereign debt” British Robinson Coordinator, Prosper Africa. Addressing these information asymmetries will inevitably drive investment into Africa. Helping develop a more efficient and transparent investment ecosystem in Africa is a key objective of Prosper Africa. For more info on iBoxx LSF fund visit: https://lnkd.in/essWMznG If you're a paid Boomberg subscriber read more here: https://lnkd.in/eptGXSZQ

Companies in Africa are learning of the benefits of AGOA! Angel Footwear, a shoe manufacturing company in South Africa is looking forward to utilizing AGOA to expand their business to the US market. #AGOA2024 USAID USAID Africa Trade and Investment Activity

Congratulations to Best Lifestyle EPZ Limited, who recently made its first shipment of 52,000 pieces of garments to the U.S.! Best Lifestyle is an apparel manufacturer in Kenya that hopes to make Kenya a leading, reliable garment sourcing option for U.S. buyers. The company is also training local staff to become an efficient workforce, with plans to create more than 3,000 jobs, 90% of which will go to women. Best Lifestyle is committed to generating export trade from Kenya into the U.S., with a goal of exporting three million garments by 2026, for a total value of $60 million. Through the US government’s AGOA legislation, Best lifestyle, and other African manufacturers, can enjoy duty-free exports to the United States. visit https://lnkd.in/eAk46yXC #AGOA2024 USAID Africa Trade and Investment Activity USAID

🌆 Throwback to this great event organized by Endeavor Morocco in partnership with CGEM and Prosper Africa. 🌍 Decision makers were brought together during GITEX AFRICA to discuss and exchange about the African Tech ecosystem. 👊 At Chari | YC S21 | Ecom and Fintech apps for retailers in Francophone Africa, we are very proud to be part of the Endeavor family ! If you are an entrepreneur in #Morocco or in the region, do not hesitate to reach out the Endeavor team to join the community.

In a world where digital security is key, we're thrilled that DFC's $300M investment is enabling Africa Data Centres to create a bastion of trusted digital infrastructure in Cape Town. Together, we're building a safe economic future for Africa.

Today at the #AGOA2024 Forum, Coordinator British Robinson will moderate a ministerial level panel titled; “Encouraging High-Standard Investment in sub-Saharan Africa through U.S. Government Investment Tools.” Reta Jo Lewis, Esq., President & Chair Export-Import Bank of the United States; Enoh T. Ebong, Director U.S. Trade and Development Agency (USTDA); Chidi Blyden , Deputy CEO Millennium Challenge Corporation; Rachel Cintron, Acting Deputy Assistant Administrator USAID; and Jane Rhee , Chief of Staff U.S. International Development Finance Corporation will explore how AGOA partners can best engage with U.S. government investment tools, and how AGOA partners can collectively create and promote stronger investment opportunities. #AGOA2024

United Aryan Epz Ltd, a Nairobi-based apparel manufacturer has grown its production capacity to over 100 production lines of knitwear, denim, and other woven wear. producing an average of 33 million units per year and using AGOA to supply leading US retailers such as Target, Walmart, JCPenney, Levis’Store, and Dollar General. United Aryan employs over 15,000 people locally, 70% of whom are women. Hear about their journey to becoming a leading export supplier to the US with support from Prosper Africa and USAID #AGOA2024