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.
Niger’s economy grew 10.3% in 2024 and is projected to expand 6.6% in 2025. Yet non-performin...
• Africa counts 211 active data centers, with 46% located in South Africa, Kenya, Nigeria, and Egypt...
Zenith Bank picks Côte d’Ivoire for $90M debut into Francophone Africa, confirming ambition t...
• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms ex...
Indus Towers to expand into Nigeria, Uganda, and Zambia, leveraging Airtel and cost-efficient towe...
• Nigeria’s avocado association partners with Kenya to boost local production.• Plans include introducing Hass avocado plants suited to Nigeria’s...
• Pensana appoints Karen Brown as COO for Angola rare earths project• Longonjo mine to produce 20,000 tons MREC yearly, starting 2027• Project...
• Guinea-Bissau launches first national maternal health guidelines• Aims to cut maternal deaths from 500 to below 70 per 100,000• WHO-backed plan targets...
• Algeria to double vocational scholarships for young Africans• Focus areas include IT, agribusiness, and industrial maintenance• Goal is to boost youth...
• Nigeria to turn Abuja stadium into culture, sports innovation hub• Project includes museum, arenas, markets, and youth creative center• Gov’t...
The Tomb of Askia is one of the most important historical and cultural monuments in Mali, inscribed on the UNESCO World Heritage List since 2004. Located...