Zambia News

Yellen: US wants to strengthen ties with Africa.

During a bilateral discussion with her South African colleague, Enoch Godongwana, US Treasury Secretary Janet Yellen stated that Washington wants to strengthen its economic links with Africa.

Ms. Yellen is currently in Africa as part of a tour; she has already been to Zambia and Senegal.

Restructuring Zambia’s debt, which the nation defaulted on in 2020, is the top item on the agenda.

Closer to home, talks about how to pay for South Africa’s move away from coal and toward less carbon-intensive energy sources will take center stage.

The US and certain EU nations have proposed spending $8.5 billion (£6.8 billion) to pay for South Africa’s transition.

Last night, Ms. Yellen also gave President Cyril Ramaphosa a courtesy visit, although she made no mention of the private meeting.

President Joe Biden and his deputy are anticipated to travel to Africa later in the year, and this trip serves as the launch of a year-long US charm assault there.

Russian, Chinese, and EU officials have all visited the continent in the past week to foster relations.

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