The move signals a broader expansion of US economic engagement on the continent, with officials positioning the funding as both a development tool and a supply chain strategy tied to global technology and defence needs.
In a statement released through the Africa Regional Media Hub, DFC Director General Ben Black said the new approvals reflect a “disciplined approach” to advancing US strategic interests while maintaining commercial sustainability.
He added that the agency aims to mobilise public and private capital to strengthen the sovereignty of key African partners and secure access to minerals essential for modern industry.
While the agency did not disclose the value of the individual transactions, the approvals follow a major legislative boost from the US Congress, which recently lifted the DFC’s overall investment cap to about $205 billion.
Lawmakers also authorised a new revolving equity fund intended to expand the agency’s participation in high-impact projects.
Officials said the newly approved financing remains subject to congressional notification and strict oversight to ensure alignment with US growth and national security priorities.
Established in 2019, the DFC has emerged as Washington’s flagship development finance vehicle, with investments spanning health, agriculture, and infrastructure.
The latest approvals underscore the growing geopolitical importance of Africa’s energy and mineral resources as global powers compete to secure resilient supply chains.
Source: Africabusinessinsider