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The president of the Overseas Private Investment Corporation (OPIC) is expected in Kenya on July 21 with a plan to boost US investment in the country.
Ray Washburne expected to meet with Kenyan officials The US Development Finance Agency, the OPIC, seeks to support the Nairobi-Mombasa highway, with a length of 470 kilometers and worth $ 3 billion.
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Ray Washburne, President of Overseas Private Investment (Courtesy)
The visit comes at a time when China's influence as an investor in Africa has enormously increased in recent years. The United States is looking for ways to better compete with the East Asian nation
"The Chinese are in ports, railways and highways – things we need to be competitive, "said Washburne.
Turnaround
He also repeated the warnings of the Trump administration that China's $ 126 billion "belt and road" investment initiative is holding African countries together with Crushing levels of debt.
approved by the House of the United States would double Opic's access to US government credits to a total of 60 billion dollars.
The scale points to a reversal of the White House 's approach to both OPIC and Africa. kill Opic while offering some positive remarks about Africa.
However, with the new proposal, Opic would be renamed the International Development Finance Corporation to emphasize its primary purpose of helping US companies to do much more investment in Africa and elsewhere. developing regions.
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