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.
MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...
Public Eye claims over 90% of Cerelac samples in Africa contain added sugar, averaging 6 g per por...
China says Premier Li Qiang will attend instead of President Xi Jinping The U.S. and Russia also ...
Carlyle is assessing whether it can buy Lukoil’s foreign assets worth about $22 billion. The...
Niger installs 1,031 km of fiber across five national corridors Project aims to connect with Beni...
Transnet unveils 200th Traxx 23E locomotive in freight fleet renewal 240-unit order with Alstom aims to modernize rail and boost capacity Project...
Notes appear atop chats, support replies, and customizable duration Meta says update improves visibility and ease of use via profile “About”...
Togo’s President meets Putin to deepen bilateral ties in Moscow Talks focus on security, diplomacy, and opening embassies Russia, Togo advance...
ACBF assesses Togo’s progress in implementing AfCFTA commitments Study highlights national strategy, awareness campaigns, and technical committee...
Orange Egypt and Qatar’s Qilaa International Group have partnered to develop WTOUR, a digital platform offering trip planning, hotel bookings, local...
Singita will invest $60m to build a 60-bed lodge on Santa Carolina Island and $42m in projects across the Bazaruto Archipelago. The...