Sec. 3. Prosper Africa Initiative
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The President shall establish an initiative to be known as the Prosper Africa Initiative (in this Act referred to as the Initiative ). The purposes of the Initiative shall be to prioritize and coordinate United States Government programs, activities, and diplomatic efforts aimed at increasing two-way trade and investment between the United States and Africa, including to— identify, promote, and increase trade and investment opportunities, facilitate business and investor engagement, and support dissemination of data and market information to better inform United States businesses and investors of trade and investment opportunities across Africa; support efforts of the United States and African private sectors to access, navigate, deepen, and compete in African and global capital markets using a private sector-led and sector-specific approach that includes energy, agriculture, information and communications technology, healthcare, financial services, arts and entertainment, and infrastructure; modernize, streamline, and improve access to resources and services designed to promote increased trade and investment opportunities for United States and African businesses and investors; promote economic growth and job creation in the United States and Africa, while advancing strategic partnerships; and identify policy, regulatory, and legal reforms needed to reduce trade and investment barriers between the United States and Africa and improve the business and investment climate in the United States and Africa, including through the reduction of the cost of accessing capital.