Tony Elumelu Foundation partners US to increase trade, investment between African countries

Tony Elumelu

Tony Elumelu Foundation and the US Department of State, and US Agency for International Development have entered into a partnership to increase trade and investment between African nations and the United States.

The partnership will begin with an event that will open President Biden’s US-Africa Leaders Summit on December 12, 2022, bringing together investors, entrepreneurs, members of the diaspora, influencers, and media leaders to celebrate and strengthen cultural and economic ties between the US and African nations, support young entrepreneurs, encourage relationship building and deal making, and highlight the opportunity and dynamism across the US-Africa investment ecosystem.

This welcome reception themed “The Innovators Gathering: Investing in U.S-Africa Cultural and Economic Ties” will be hosted by the Secretary of State and the Prosper Africa Initiative, in partnership with the US Agency for International Development and the Tony Elumelu Foundation.

The event will take place on Monday, December 12, 2022, and will feature a remarks programme and panel discussion, followed by a reception.

The innovators gathering is the first US government-hosted event during the week of President Biden’s US-Africa Leaders’ Summit, bringing together African and diaspora innovators, entrepreneurs, and US investors for an evening to celebrate and strengthen US-Africa cultural and economic ties.

The evening will support in catalysing partnerships between African and diaspora innovators/entrepreneurs and US capital/technology. It will showcase how the United States and its partners such as the Tony Elumelu Foundation are bringing together US and African investors, entrepreneurs, members of the diaspora, influencers, and media leaders to strengthen cultural and economic ties between the US and African nations.

This reception will celebrate and strengthen US-Africa partnerships, serving as a milestone for the work achieved together so far, and as a catalyst for future action. It will showcase the dynamism and depth of the multi-dimensional cultural and economic ties between the US and African nations, and highlight the opportunities in Africa as one of the fastest-growing startup cultures in the world.

It will also draw media attention and showcase young Tony Elumelu Foundation entrepreneurs in attendance to foster greater relationship building and deal making, and to highlight the opportunity and dynamism across the US-Africa investment ecosystem.

The summit will run from December 12 to December 15.