Deeper ties on Yellen’s mind as U.S begins year of African engagement

U.S. Treasury Secretary Janet Yellen will kick off a year of visits by top U.S. officials to Africa on Friday aiming to firm up U.S.-Africa ties after decades in which China has dominated investment across the continent.

In a speech to be delivered at a business event in Senegal’s capital Dakar, the first leg of her three-country trip, Yellen will map out the U.S. vision for strengthening African relations, eyeing the massive economic opportunities created by its demographic boom.

With stops planned in Zambia and South Africa, Yellen’s visit comes after a lengthy meeting with Chinese Vice Premier Liu He in Zurich on Tuesday, when both sides underscored the need for greater coordination on global challenges such as climate change and food security.

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Article URL : https://www.reuters.com/world/deeper-ties-yellens-mind-us-begins-year-african-engagement-2023-01-19/