Joe Biden, the new US president. Courtesy photo

By Africa Oil & Power   On Wednesday, U.S. President Joe Biden was sworn into office, ushering in a new administration, new foreign policy and a new approach to U.S. trade and investment in Africa.For its part, the Trump administration had not been short on growing U.S. private sector involvement in Africa, specifically under its trademark initiative, Prosper Africa. Designed to strengthen bilateral trade and investment, the initiative was launched in 2019 and supported by the Better Utilization of Investments Leading to Development (BUILD) Act. Signed by former President Trump in 2018, the BUILD Act consolidated the Overseas Private Investment…

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