WASHINGTON—The Biden administration on Tuesday will announce a new push to expand business ties between U.S. companies and Africa, with a focus on building needed digital, health, and physical infrastructure on the continent, a senior U.S. official said. U.S. industry executives welcome the interest, but say dollar flows will lag until the Biden administration wraps up its lengthy review of Trump administration trade measures and sets a clear policy on investments in liquefied natural gas. Dana Banks, senior director for Africa at the White House National Security Council, will kick off a U.S.–Africa business summit, with a pledge to “re-imagine” and revive Prosper Africa, an initiative unveiled by the Trump administration in 2018. President Joe Biden, who requested nearly $80 million for the initiative in his budget proposal in May, aims to focus the initiative on women and equity, with an expanded role for small and medium-sized businesses, she said. …
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