Africa-USA: the promises of David Marchick (DFC)

On the sidelines of the African Venture Capital Association (AVCA) conference, which opened on April 20, 2021 in virtual mode, David Marchick, chief operating officer of the US International Development Finance Corporation (DFC), declared that the United States of America America will increase their investments in Africa. “With the Biden administration, the US International Development Finance Corporation (DFC) will increase its allocations to Africa. The climate is a high priority, and we will increase our activities to support women-led businesses, technology, healthcare and real estate infrastructure. “’We will increase our estimated average annual commitments to Africa by 20% from US $ 4 billion to US $ 5 billion,” said David Marchick, a former Carlyle Group.

As a reminder, the US International Development Financial Corporation (DFC) is the new American institution in charge of financing development in the world. Erected from the ashes of OPIC, the new structure has a particular interest in Africa, the theater of competition between the US and China.

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