April 28, 2021 – 11:20 a.m. – World
The United States wants to invest more in African countries, including Morocco. This was announced by the COO of the US International Development Finance Corporation (DFC), David Marchick, at an African Venture Capital Association (AVCA) conference on April 20.
“With the Biden government, the US International Development Finance Corporation (DFC) will increase its grants to Africa. Climate is a high priority and we will expand our operations to support women-led businesses, technology, healthcare. health and real estate infrastructure Increase the annual average commitments to Africa by 20%, estimated between 4 and 5 billion dollars, “said Marchick.
At the African Venture Capital Association (AVCA) virtual conference, various fund managers discussed opportunities in emerging African economies like Kenya, South Africa, Nigeria, Ghana, Egypt and Morocco.
The US International Development Financial Corporation (DFC) was founded in 2019 as a result of a merger between the Overseas Private Investment Corporation (OPIC) and the Development Credit Authority (DCA) of the United States Development Agency. international (USAID). The projects in which DFC invests range from infrastructure, energy, technology, healthcare and financing for small businesses and women entrepreneurs.