African Countries in the Investment Practice of US Companies
( Pp. 249-255)

Leading the world in the sphere of outward direct investment, the US has placed less than 1% of its investment volume in Africa. However, the energy transition can stimulate investment and change the situation. Without reliable and sustainable supplies of the necessary minerals, the leadership of the United States in key sectors of the global economy is in question. The growing influence of China is also in the area of interest of the American side, since it is Africa that is the focus of the commitments related to the Belt and Road Initiative (BRI) at the regional level., Congress's desire to strengthen U.S. development finance instruments and respond to China's Belt and Road Initiative (OBOR) has prompted the creation of the U.S. International Development Finance Corporation/DFC, which will carry out all the major functions. In assisting US investors, the American side sees a reliable alternative to public investment by authoritarian governments and strategic competitors, applying best practices in terms of transparency, environmental and social safeguards, and taking into account the acceptable level of partner debt. A special arsenal of tools has been developed countering China.

Perova M. K. African Countries in the Investment Practice of US Companies // ECONOMIC PROBLEMS AND LEGAL PRACTICE. 2024. Vol. 20. № 4. P. 249-255. (in Russ.) EDN: STCOOJ

Africa is juggling rival powers like no other continent //The Economist. 2024 Feb, 28 Available at: https://www.economist.com/international/2024/02/28/africa-is-juggling-rival-powers-like-no-other-continent (accessed 02.07.2024).
Bill HR 302-FAA Reauthorization-The BUILD Act. Available at: https://www.dfc.gov/sites/default/files/2019-08/BILLS-115hr302_BUILDAct2018.pdf (accessed 12.09.2024).
Building Resilient Supply Chains, Revitalizing American Manufacturing, and Fostering Broad-Based Growth. 100-Day Reviews under Executive Order 14017 a Report by The White House. 2021, June, 250 p. Available at: https://www.ndtahq.com/building-resilient-supply-chains-revitalizing-american-manufacturing-and-fostering-broad-based-growth (accessed 22.09.2024).
Сarr E. The US Versus Chinese Investment in Africa. Forbs. Dec, 10 2021 Available at: https://www.forbes.com/sites/earlcarr/2020/09/04/the-us-versus-chinese-investment-in-africa/?sh=180c816265d4H (accessed 02.10.2024).
Carberry S. United States Seeking Alternatives to Chinese Cobalt 8/3/2022 Available at: https://www.nationaldefencemagasin.org/article (accessed 2.09.2024).
Carden. B.L. Opening Statement. Build Act Reathorization and Development Finance Corporation Oversight. Hearing. First Session. 2023, October 4. Available at: https://www.congress.gov/event/118th-congress/senate-event/LC72928/tex (accessed 19.09.2024).
CRS. Report 12566 China and Sub-Saharan Africa. January 8, 2024 Available at: https://crsreports.congress.gov/product/pdf/IF/IF12566/3 (accessed 30.09.2024).
Devermont J. A New U.S. Policy Framework for the African Century. August 7, 2020 Available at: https://www.csis.org/analysis/new-us-policy-framework-african-century (accessed 29.08.2024).
DFC.«Overview.» Available at: https:// www.dfc.gov/ who-we-are/overview (accessed 19.09.2024).
Direct Investment by Country and Industry, 2023 Available at: https://www.bea.gov/news/2024/direct-investment-country-and-industry-2023 (accessed 19.08.2024).
Direct Investment by Country and Industry, 2023 Table 6 Available at: https://www.bea.gov/news/2024/direct-investment-country-and-industry-2023 (accessed 12.08.2024).
U.S. Direct Investment Position Abroad on a Historical-Cost Basis, Table 1.2. 2014 Survey of Current Business. July 2015, p.13. Available at: https://apps.bea.gov/scb/pdf/2015/07%20July/0715direct_investment_positions.pdf (accessed 19.09.2024).
E/Y. Africa Attractiveness Report 2023 Available at: https://www.ey.com/en_za/services/assurance/africa-attractiveness-report-2023 (accessed 10.10.2024).
FACT SHEET: U.S.—Africa Partnership in Promoting Two-Way Trade and nvestment in Africa December 14, 2022 Available at: https:/www.whitehouse.gov/briefing-room/statements-releases/2022/12/14/.
Gopaldas R. Africa in the crossfire of global technological tensions. July 3, 2023 Available at: https://africainfact.com/africa-in-the-crossfire-of-global-technological-tensions (accessed 12.09.2024).
How Chinese firms have changed Africa. Special report //The Economist. 2022, May 20 Available at: https://www.economist.com/special-report/2022/05/20/how-chinese-firms-have-changed-africa (accessed 02.10.2024).
Northey H. Biden’s overseas mineral strategy faces early test//E&ENEWS by POLITICO. 2023 July,17 2023 Available at: https://www.eenews.net/articles/bidens-overseas-mineral-strategy-faces-early-test (accessed 02.10.2024).
Ray C. A. The Biden Administration’s New Africa Policy. 2022 August, 31 Available at: https://www.fpri.org/article/2022/08/the-biden-administration-announces-africa-policy-at-long-last/ (accessed 02.07.2024).
Runde D.E. Beyond 2025: A Renewed Relationship with sub-Saharan Africa. 2024, June. Available at: https://www.csis.org/analysis/beyond-2025-renewed-relationship-sub-saharan-africa (accessed 25.09.2024).
The US government makes its big push for investment in Africa. October 19, 2020 Available at: http://www.atlanticcouncil.org/(accessed 02.08.2024).
U.S. Direct Investment Position Abroad on a Historical-Cost Basis, Table 1.2. 2014 Survey of Current Business. July 2015, p.13. Available at: https://apps.bea.gov/scb/pdf/2015/07%20July/0715direct_investment_positions.pdf (accessed 19.09.2024)
US seeks to counter growing Chinese influence in Africa. Associated Press. 2019, May 9, Available at: https://ny1.com/nyc/bronx/ap-top-news/2018/12/13/us-seeks-to-counter-growing-chinese-influence-in-africa(accessed 20.09.2024).
U.S. Strategy Toward Sub-Saharan Africa» White House. August, 2022х Available at: https://www.whitehouse.gov/wp-content/uploads/2022/08/U.S.-Strategy-Toward-Sub-Saharan-Africa-FINAL.pdf (accessed 20.09.2024).
Auth K. Getting Real: How the United States Can Do on Its Commitment to African Infrastructure. 2024 April 23 Available at: https://carnegieendowment.org/research/2024/04/getting-real-how-the-united-states-can-deliver-on-its-commitment-to-african-infrastructure (accessed 25.09.2024).
Нow America plans to break China’s break on Africa Minerals. The transition to clean energy will mint to commodities superpowers. The Economist. 2023, February. Available at: https://www.economist.com/middle-east-in-africa/2023/02/28/how-America-plans-to-break-chinas-grip-on-african-minertals(accessed 10.09.2024).
Murphy E., Runde D., Bandura R., Unger R. The Next Five Years of the DFC: Ten Recommendations to Revamp the Agency. 2023 Available at https://csis-website-prod.s3.amazonaws.com/s3fs-public/2023-09/230928_Murphy_Years_DFC.pdf?VersionId=6h6j4dPcM83XQem6Ceplmamd_WQolHRU. (accessed 09.09.2024)

foreign direct investment, Africa, Belt and Road Initiative, investment regulations, extractive industry, renewable energy sources, external priorities of U.S. investment policy.