I also want to congratulate you on the first Nile Equatorial Lakes Subsidiary Action Program (NELSAP) investment conference that took place here in Nairobi, Kenya, in June of this year. During this conference, US $1.9 billion of priority water and power projects were presented to prospective investors for funding consideration.
Today, the United States Agency for International Development (USAID) and the Common Market for Eastern and Southern Africa (COMESA) launched a five-year Regional Development Objectives Grant Agreement at the 19th COMESA Summit, held this year in Madagascar. Through this agreement, USAID will contribute approximately $77 million to strengthen the collaborative partnership between the two organizations and implement regional trade, investment, and agriculture development programs that contribute to their common goals
In East Africa, USAID works in collaboration with the governments in the region and partners to reduce extreme poverty and promote a resilient, democratic society. The 2015 East Africa Report documents our shared achievements in programs to increase trade and remove trade barriers, promote food safety and security, provide humanitarian assistance, conserve the environment, create opportunities for young African leaders, improve health, and reduce conflict and support peace across the region.
The USAID East Africa Trade Hub partners with East African and U.S. businesses to attract investment needed to transform the East African private sector into vibrant global trading partners. Improving the region's trade competitiveness, encouraging the diversification of exports beyond natural resources, and promoting broader, more-inclusive economic growth will lead to more food secure and resilient East African communities.
Over 100 rising young East African leaders met in Nairobi, Kenya from June 15–17, 2016 to discuss the role of youth in driving sustainable development and a prosperous future for Africa. Discussions focused on inclusive development, innovation and entrepreneurship, and peace and security.
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