The Trump administration is seeking to counter significant Chinese influence on the continent with its new Prosper Africa trade and investment strategy and a newly established development financier, the U.S. International Development Finance Corporation. Abiy announced on Tuesday after meeting Pompeo that the United States would provide financial assistance to Ethiopia as it pursues reforms, but neither government announced details. In his speech on Wednesday, Pompeo named American companies, such as Chevron, Coca-Cola and Bechtel, as longstanding investors in the region. He wants more to happen between the United States and nations all across Africa," Pompeo told business leaders. While Pompeo was visiting Senegal, the first stop on his Africa tour, he announced U.S. firms had signed five new memorandums of understanding for infrastructure projects.

Source: Ethiopian News February 19, 2020 12:48 UTC