U.S. Treasury Secretary Janet Yellen departs Tuesday to visit three African countries central to President Joe Biden’s strategy to rejuvenate ties on the continent and counter China’s influence across the developing world.
The 11-day journey comes just a month after Biden hosted more than 40 African leaders in Washington, where $15 billion in new commitments and deals were announced.
“The U.S. wants to build on that progress,” said Razia Khan, head of research for Africa and the Middle East at Standard Chartered Plc in London. “They’re trying to reinforce that there is a different model for how to develop” than relying on China.
