DFC chief says US can still compete with China in African tech projects
Ben Black, CEO of the U.S. International Development Finance Corporation, argued that America can regain footing in Africa’s digital infrastructure despite China’s strong presence.
Speaking with Prashant Rao, Ben Black said the Development Finance Corporation is pursuing projects that blend strategic goals with financial returns, citing investments in African digital networks, a Ukrainian battery-storage system, and a uranium mining venture in Niger. He noted that China’s firms, such as Huawei, already control much of Africa’s telecom infrastructure, but the DFC’s recent commitment to WIOCC Group offers a U.S.-friendly alternative.
Black explained that the agency structures deals to manage the inherent risks of volatile markets, using strict preconditions on the $414.2 million Niger financing for Global Atomic’s Dasa project. He argued that promoting U.S. technology abroad not only supports allies but also generates profit for American taxpayers. Ultimately, Black believes the United States can still make headway in Africa’s emerging tech landscape without conceding all ground to China.
Why it matters
The statement outlines how U.S. financing aims to challenge China’s influence in Africa while protecting American taxpayers.
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