U.S. Treasury Secretary Janet Yellen will travel to Senegal, Zambia and South Africa during the next two weeks, as the United States aims to strengthen ties with a continent that has been the focus of Chinese trade and investment for years
, the 33rd consecutive year that Africa has been the destination of the Chinese foreign minister's first overseas tour of the calendar year.
The new United States' new approach includes promising and delivering significant investment and trade partnerships, not just humanitarian aid and security assistance, administration officials said. Chinese trade with Africa is about four times that of the United States, and Beijing has become an important creditor by offering cheaper loans - often with opaque terms and collateral requirements - than Western lenders. But some African countries, including Zambia, have soured on Chinese lending and are looking for alternatives, experts say.
Washington intends to offer African leaders more sustainable choices than China, a senior U.S. official told Reuters, especially in areas such as infrastructure, digital transformation and climate change.
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