Staff, 2023-01-20 14:44:14,
Issued on: Modified:
Dakar (AFP) – US Treasury Secretary Janet Yellen on Friday touted the fruits of a new “mutually beneficial” economic strategy towards Africa, contrasting the damage caused by Russia’s invasion of Ukraine and China’s practices.
“The United States is all in on Africa, and all in with Africa,” she said during a visit to Senegal, part of a push by President Joe Biden’s administration to boost relations with a continent where the United States faces increased competition from other major powers.
“Our engagement is not transactional, it’s not for show, and it’s not for the short-term.”
Yellen, who had attended a US-Africa summit hosted by Biden in Washington last month, said the president, vice president and other cabinet secretaries would travel to African countries this year.
“The world is finally catching up to recognising Africa’s contributions — past and future,” she said on a visit to a business incubator in the Senegalese capital Dakar, her first stop on a three-country tour of the continent.
She said the US was seeking “to modernise our relationship by focusing on what we can do together, rather than what we can do for each other”.
The relationship, she said, would be “based on mutual cooperation and greater ambition”.
Yellen cited the Covid-19 pandemic and Russia’s invasion of Ukraine as major economic headwinds for…
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