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US pledges $45mln investment in West Africa during Secretary Blinken's visit to Côte d'Ivoire

US pledges $45mln investment in West Africa during Secretary Blinken's visit to Côte d'Ivoire
  • Comments   -   Thursday, 25 January 2024 - 13:25

(Ecofin Agency) - In the backdrop of global power rivalries, the United States aims to bolster its influence in Africa. Secretary of State Antony Blinken, following his visit to Cape Verde, went to Côte d'Ivoire to discuss economic and security matters.

During his official visit to Abidjan, Secretary of State Antony Blinken announced a $45 million investment for Côte d'Ivoire and the coastal states of West Africa. This financial support aligns with the U.S. strategy to prevent conflicts and promote stability in the coastal states of West Africa.

“We appreciate particularly the leadership shown by Cote d'Ivoire in countering extremism and violence [...] Over the past year, we have increased military training by 15 times and we are also investing in civilian forces," stated Mr. Blinken.

It's noteworthy that West Africa is grappling with persistent security crises, including a rise in terrorism and political unrest, affecting both Sahelian and coastal countries. In 2021, Côte d'Ivoire recorded four terrorist incidents, mainly in its northern region, according to a U.S. Department report.

Antony Blinken's visit comes as the United States seeks to bolster its influence in the region in response to the growing presence of Russia and China. Sahelian countries like Mali, Burkina Faso (neighboring Côte d'Ivoire), and Niger have entered various economic and military cooperation agreements with Moscow.

In addition to security concerns, Washington aims to strengthen economic cooperation with Côte d'Ivoire. In this regard, the U.S. Secretary of State announced the integration of a Foreign Commercial Service office within the U.S. Department of the Treasury. This "strategic" move aims to facilitate investments and create mutually beneficial opportunities for American investors and Côte d'Ivoire.

After Cape Verde and Côte d'Ivoire, Antony Blinken continues his tour to Nigeria and Angola, two oil-producing countries influential in their respective regions.

 
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ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

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