Maggie discusses with Amaka Anku of Eurasia Group on the Chinese incursion in Africa, the Security situation for Western Investors investing in Africa, US Government initiatives for Africa, and how best the US Government can be a partner to African Governments.
In the last four years, the perception has been that the United States approach to Africa was at an arm's length and committed to little engagement with African leaders. The Previous administration launched Prosper Africa and finalized the creation of the Development Finance Corporation (DFC). Both initiatives embody Trump’s view of doing business with individual firms and countries instead of a more multilateral orientation. Another tool at the DFC’s disposal is a higher credit line of $60 billion, which means it can lend more money to viable projects. Currently, the DFC has invested $8 billion for 300 projects across Africa.
President Biden’s remarks at the 2021 African Union Summit highlighted a shared vision for a better future that includes “growing trade and investment that advances the prosperity” of the United States and African nations and emphasized that the U.S. was ready to be a “partner in solidarity, support and mutual respect.”
Amaka Anku is the Director and Head of Africa's Practice at Eurasia Group. As head of the firm's Africa practice, Amaka helps clients understand the interaction of politics, policy, and markets across sub-Saharan Africa. She identifies regional trends and analyzes the evolution of political dynamics in the region's key markets.
Amaka has on-the-ground experience working across the African continent with organizations such as Africare, the African Development Bank, the International Crisis Group, and the International Rescue Committee. From 2011 to 2015, she practiced law in the international arbitration and litigation group of global law firm Shearman & Sterling, LLP, where she represented multinational corporations in multimillion-dollar, cross-border disputes throughout the region. Amaka is a regular commentator and speaker on Nigerian and African affairs. She grew up in Enugu, Nigeria, and is fluent in Igbo and French. Amaka holds a bachelor's degree from the School of Public and International Affairs at Princeton University and a doctor of law degree from Harvard Law School.