Saturday, January 28, 2023

Blinken says US investing in Africa without unsustainable debt

Blinken says US investing in Africa without unsustainable debt

DAKAR (Reuters) – US Secretary of State Antony Blinken said his country was investing in Africa without imposing unsustainable levels of debt, as he witnessed the signing of contracts worth more than $1 billion in Senegal's capital Dakar.

The deals between four US companies and Senegal are being billed as part of his country's pitch to help Africa build infrastructure with transparent and sustainable deals.

The United States is investing "without saddling the country with a debt that it cannot handle," he said during the signing ceremony with Senegal's Economy Minister Amadou Hott.

The deals will help improve infrastructure, create jobs and reinforce public safety and climate resilience, he added.

Senegal is the final stop on Blinken's three-country tour of Africa, following visits to Kenya and Nigeria, where he has attempted strike a new tone from the era of former President Donald Trump, who disparaged some African nations and barred travel from six of them.