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Global Courant > Blog > African Region > East Africa > Prosper, leading US-Africa trade and investment initiative
East Africa

Prosper, leading US-Africa trade and investment initiative

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Last updated: 2023/03/21 at 4:00 PM
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WASHINGTON DC, United States of America, March 20, 2022, /African Media Agency/- Africa Fintech Summit is pleased to announce Prosper Africa as Gold Sponsor for Africa Fintech Summit in 2023 to be held in Washington DC on April 12, 2023 at the Walter E. Washington Convention Center in Washington, DC Prosper Africa is the initiative of the United States government to promote reciprocal trade and investment between the United States and African countries.

The sponsorship follows the US-Africa Leadership Summit (ALS) and the US-Africa Business Forum, held last December in Washington, DC

Recognizing the enormous growth potential of Africa’s technology sector, President Joe Biden announced the launch of the White House’s Digital Transformation with Africa (DTA) initiative to expand digital access and literacy across the continent, and Prosper Africa announced the new Prosper Africa Tech for Trade Alliance, in conjunction with the US Agency for International Development (USAID), at the Business Forum on Dec. 14.

The Prosper Africa Tech for Trade Alliance will be officially launched during a dedicated session at the Africa Fintech Summit. This tech alliance of major US companies aims to accelerate e-commerce and digital commerce in Africa and address legal, regulatory and logistical bottlenecks across the continent.

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“Africa’s digital ecosystem holds tremendous potential to drive economic recovery, promote opportunity and create jobs,” said Scott Cameron, Acting Prosper Africa Coordinator. “We are excited to join the Africa Fintech Summit as a Gold Sponsor and partner for the upcoming 9th Summit here in Washington DC.”

Prosper Africa will be joined by other US government agencies to collaborate with the technology innovators, founders and ecosystem players and showcase the full suite of US government services and resources to drive fintech growth and investment in the US and Africa.

Since the launch of Prosper Africa in June 2019, the US government has helped close 1,100 deals in 49 countries for a total estimated value of $65 billion in two-way trade and investment.

“It is with immense gratitude and great pleasure that we welcome Prosper Africa as our Gold Sponsor for our summit in Washington DC in April this year. We are pleased to work with Prosper Africa and the initiative’s partner, US government agencies, to leverage US innovation capital for the African fintech and technology ecosystem through the various tools available and to strengthen technology and investment ties between the US and Africa,” said Zekarias Amsalu, Co-Founder of AFTS and MD of Ibex Frontier.

Since its first summit in 2018, the Africa Fintech Summit has grown to become the largest biennial financial technology meeting on the African continent. In addition to Prosper Africa’s Gold sponsorship, AFTS will be supported by a diverse cohort of partners and sponsors.

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The 9th edition of AFTS will focus on US-African tech connections, fintech regulatory best practices, banking and remittances in the diaspora, African fintechs expanding globally, cross-border payment movements and use cases for decentralized finance (Defi ), fintech financing trends, cross-border payments under the AfCFTA, and many other areas of focus.

Tickets for AFTS Washington DC are on sale now. For more information or to sign up, go to http://africafintechsummit.com/

Delegates get 25% off AFTS tickets by using the discount code PROSPER25 at checkout of registration at http://africafintechsummit.com/registration

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Distributed by African media agency in collaboration with Africa Fintech Summit.

About Africa Fintech Summit

AFTS ( https://africafintechsummit.com ) is the premier global initiative dedicated to the African fintech ecosystem. AFTS is traditionally hosted in Washington, DC each April during the World Bank/IFC annual meeting week and each November in a different African city (most recently Cape Town, Lagos, Addis Ababa and Cairo). The summit will be held in a hybrid format, in person at the selected location in accordance with COVID-19 protocol and global live virtual delegates.

Supported by an advisory board of thought leaders and fintech pioneers, AFTS is a unique space where innovative ideas are discussed, investments are mobilized, partnership agreements are signed and collaborations across sectors and regions are formed. AFTS is organized in collaboration between Washington, DC based companies, strategic advisory group, Dedalus Globaland Pan-African consultancy, Capricorn Border.

About Prosper Africa

Prosper Africa Prosper Africa is the White House initiative to increase two-way trade and investment between the United States and African countries. Prosper Africa brings together — and enhances — the full range of U.S. government services and resources to help companies and investors conduct business in the U.S. and African markets. With this initiative, the US government is launching innovative new tools to move deals forward, unlock market opportunities and strengthen the business and investment climate.

For more information, go to: prosperafrica.gov

Media contact:

Charles Isidi

Digital Engagement Strategist, AFTS

(email protected)

The mail Prosper Africa, Leading US-Africa Trade and Investment Initiative, Partners with Africa Fintech Summit as Gold Sponsor appeared first on African media agency.

Source: African Media Agency (AMA)

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TAGGED: Initiative, investment, leading, Prosper, trade, USAfrica
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