February 28, 2024

Export-Import Bank of the U.S. Reaffirms Commitment to Africa’s Economic Growth at AGOA Forum

Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis reinforced the institution’s dedication to supporting investment in Africa during her participation in the 2023 African Growth and Opportunity Act (AGOA) Forum in Johannesburg.

The event, held from November 2-4, brought together key figures from the U.S. delegation, led by U.S. Trade Representative Ambassador Katherine Tai and Commerce Department Deputy Secretary Don Graves.

Chair Lewis, representing EXIM, addressed the forum, highlighting the bank’s congressional mandate to bolster U.S. exporters engaging in business within sub-Saharan Africa. She emphasized EXIM’s unwavering commitment to fortifying the economic partnership between the United States and Africa. In the previous fiscal year, EXIM greenlit approximately $1.6 billion in transactions in sub-Saharan Africa.

“EXIM’s deep commitment to sub-Saharan Africa is written in our founding charter, and we are firmly committed to financing U.S. exporters, large and small, doing business with African nations,” affirmed EXIM President and Chair Reta Jo Lewis. “It was a pleasure to join my colleagues at AGOA to share some of our strong work on the continent and express our strong desire to continue advancing transactions that support U.S. exporters and promote economic prosperity for the U.S. and our partner nations in Africa.”

As part of her engagement at the AGOA Forum, Chair Lewis co-chaired a panel on empowering trade and investment between the U.S. and Africa. Her remarks to government representatives focused on women entrepreneurship and economic empowerment. Additionally, Chair Lewis participated in meetings with Ebrahim Patel, South Africa’s Minister of Trade, Industry and Competition, and Anthony Costa, the Investment Lead in the Private Office of the President of South Africa.

It was Chair Lewis’s fourth visit to Africa during her tenure as President and Chair of EXIM’s Board of Directors, underscoring the ongoing commitment of the Export-Import Bank of the United States to fostering economic growth and collaboration between the U.S. and African nations.

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