Spread the loveAgadir – As part of the new Trade and Investment Program under its Prosper Africa initiative, the US Agency for International Development (USAID) is set to designate Morocco as an economic hub. Under the programme, North and sub-Saharan Africa will receive up to $500 million in funding, over the period of five years. Using Morocco as a centralised economic hub, USAID looks to create thousands of new jobs, as well as manage billions of dollars in exports and investments. According to the US government, the overarching goal is to strengthen strategic ties and expand trade between the US, Morocco, as well as other countries across North Africa. Prosper Africa is a US governmental initiative with the goal to increase two-way trade between US and Africa.

Source: The North Africa Journal January 04, 2021 13:07 UTC