TRALAC - Trade Law Centre

USADF promotes grassroots development at AGOA Forum

Wednesday, 08 June 2011

Source: Zambian Chronicle

USADF will engage in the 10th annual African Growth and Opportunity Act (AGOA) Forum in Lusaka today. USADF President/CEO Lloyd Pierson plans to participate in the 2011 AGOA Forum where government officials and business and civil society leaders will convene to promote trade, business, and investment opportunities throughout Africa.

Across the continent USADF investments provide direct support to local community producer groups and small enterprises to create jobs, raise incomes and take advantage of local, regional and export market opportunities in 21 Sub-Saharan African countries.

USADF President/CEO Lloyd Pierson remarked, “USADF’s focus in Africa is to create jobs and raise people out of poverty. Our priority has always been to get money directly into the hands of Africans and give them the opportunity to create their own success.”

The Republic of Zambia was the first country to participate in USADF programming. USADF has an active portfolio of nearly $5 million dollars in over 32 active grant projects throughout Zambia. USADF’s targets sectors such as dairy, rice and youth employment amongst marginalized and underserved populations.

USADF will announce $300,000 in grants investment for two Zambian agricultural businesses at an official USADF Signing Ceremony on Friday, June 10. The Zambian Minister of Agriculture and Cooperatives, His Excellency Eustakio Kazonga, will participate in the ceremony to take place at the AGOA Forum.

The United States African Development Foundation (USADF) is an independent United States Government agency dedicated to ensuring economic opportunities for marginalized populations in 21 Sub-Saharan African countries. Over the past 30 years, USADF has funded more than $200 million in African designed and led development projects. For more information on USADF and its programs, visit www.usadf.gov




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