U.S.’s Yellen excursions Ford Assembling plant in Pretoria, hails Africa’s financial potential

US Treasury secretary Janet Yellen toured Thursday (Jan. 26) a Ford Motor plant within the South African capital. The plant is one in all two within the nation.

Earlier that day, she met the Finance Minister Enoch Godongwana.

Yellen’s cease to Pretoria is a part of her three-country tour of Africa that started in Senegal. South Africa is the USA’ largest buying and selling accomplice on the continent.

“We all know {that a} thriving Africa is within the curiosity of the USA. A thriving Africa means a bigger marketplace for our items and companies. It means extra funding alternatives for our companies, like this Ford plant, which might create jobs in Africa and prospects for American companies.”

Yellen’s journey kicked off U.S. efforts to to reengage with African nations after final month’s US-Africa summit. The U.S. ambassador to the United Nations, Linda Thomas-Greenfield, can also be on a tour to Africa, and President Joe Biden has stated he intends to go to this yr, as does Vice President Kamala Harris.