The U.S. is prepared to contribute $30 million per year to the African Competitiveness and Trade Expansion Initiative. But the commitment will depend on funding availability.
The pledge was announced on June 9, during the opening session of the 10th African Growth and Opportunity Act Forum in Lusaka, Zambia, according to a news release from the U.S. Agency for International Development.
The initiative seeks to grow the ability of African trade hubs - including Accra, Ghana, Nairobi, Kenya, and Gaborone, Botswana – to ease agricultural trade, develop successful value chains, and help African firms meet plant health and food safety standards for their exports.
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