Who are the beneficiaries of the "African-American Summit 2022 "?

Who are the beneficiaries of the "African-American Summit 2022 "?
African-American Summit 2022

The "United States of Africa 2022" summit, hosted by US President Joe Biden, kicked off in Washington for three days, with the participation of 49 African leaders, as well as President Abdel Fattah El-Sisi.

rising international powers

The economic researcher, Mohamed Mahmoud Abdel-Rahim, said that the traditional powers in the world still secure their interests and search for the continuation of their influence in the African continent, especially with the escalation of competition with new emerging international powers such as China and India, especially in light of China's adoption of a more effective cooperation model with African countries far away. For any political interference or colonial history rejected by African countries.

Localization of highly developed technology and industries

He added that there will be several issues raised that are very important to the African continent, such as the localization of technology and highly developed industries and benefiting from American technology in this context, in addition to appropriate compensation for the countries of the continent regarding the damages of climate change.

Huge consumer market

He stressed that the African continent is very important to the United States because it is a huge consumer market, as the population of the African continent is close to 1.4 billion people.

  An opportunity for entrepreneurs and small businesses

He pointed out that the summit may be an opportunity for entrepreneurs and small companies on the continent to present their ideas and benefit from the American experience. these initiatives.

According to the US State Department, the US-African summit builds on common values to better promote new economic participation and works on:

  1.    Strengthen the commitment of the United States and Africa to democracy and human rights
  2.    Mitigating the impact of COVID-19 and future pandemics, and working collaboratively to promote regional and global health
  3.    enhance food security
  4.    Promote peace and security
  5.    Elevate the response to the climate crisis, and strengthen relationships with the diaspora.