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US-Africa trade created 60,000 jobs in Africa: USAID
04
May '18
Trade relations between US and Africa has created over 60,000 jobs in the continent, according to the US Agency for International Development (USAID). The agency said that it is committed to provide the required assistance to African nations for development through investments and trade and the US government’s intervention has yielded substantial results.

Alex Deprez, mission director for West Africa, USAID, said that the agency has worked towards increasing trading activities between the US and Ghana, and created multiple opportunities in the African country. He added that USAID has successfully brought in $300 million in new finance and close to $1 billion under African Growth and Opportunity Act (AGOA) exports.

A US-Ghanaian joint venture in the apparel sector that was founded in 2014, has employed over 1,500 workers, a majority of them being women. It has exported close to 6 million garments to the US under AGOA, said Deprez while speaking at an AGOA workshop on capacity building and skill development in Accra. The mission director also said that USAID offers support for vocational training and finance and are expecting such units to quickly expand their numbers. Such firms are also expected to come up in other African countries like Benin, Nigeria, Senegal and Cote d’lvoire.

West Africa has an emerging middle class constituting over 70 million people and thus presents huge trade and investment opportunities for African firms, said Ghanaian media reports quoting Deprez. He added that regional barriers need to be broken down to tap these opportunities. (KD)

Fibre2Fashion News Desk – India


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