New US Build Act encourages investment in Africa

How the US will transform its investment role in Africa with a new $60 billion agency

Jonathan Berman

By Jonathan Berman

Business between the US and Africa just took a step forward.   Easy to miss amidst the partisan din of the approaching election, the US Senate passed the Better Utilization of Investments Leading to Development (BUILD) Act, and it was signed into law Oct. 5. Despite the strong bipartisan support (93 of 99 senators voted for it) the act has its critics, in particular among libertarian conservatives.

In my view, the BUILD act brings the US-Africa business relationship from underground to above ground and may yet bring it to the cloud.

 … to continue reading go to the original article at Quartz Africa

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