ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
International relations

U.S. struggles to lure African nations over from China

Countries that benefit from Beijing investment wary of Washington's $55bn pledge

Leaders pose for a family photo during the U.S.-Africa Leaders Summit  in Washington on Dec. 15.   © Reuters

KAMPALA, Uganda -- The U.S. pledge last week of $55 billion in development aid to Africa over the next three years surpasses similar pledges in recent years of $40 billion from China and $12.5 billion from Russia.

Last week's U.S.-Africa Leaders Summit in Washington came eight years after then-President Barack Obama hosted the event for the first time, and was intended to demonstrate America's re-engagement with the continent following a period of neglect under Obama's successor, Donald Trump.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more