Thursday's signing of the Cooperation Agreement between the United States and the East African Community (EAC) – a regional bloc comprised of Kenya, Uganda, Tanzania, Rwanda and Burundi – is a major relationship milestone.
The mission of the ABI is to engage the U.S. business community on legislative policies that foster foreign direct investment in Africa, to facilitate trade between the United States and African countries, and to introduce U.S. companies to the continent's vast economic opportunities.
The biggest obstacles to economic engagement across Africa are the unknown and perceived risks. The ABI's job is to help companies mitigate these risks through advocacy and access and by identifying investment opportunities.
Under ABI's leadership, sector task forces, made up of U.S. corporate representatives, will engage key members of Congress, the Administration, and foreign governments in strategic dialogues to foster private sector engagement.