DFC Approves New Strategic Investments in Africa
The U.S. International Development Finance Corporation (DFC) has approved new investments aimed at bolstering regional stability, economic prosperity and critical mineral supply chains, officials announced on February 20, 2026. The move reflects a broader U.S. Strategy to counter China’s influence in key regions and secure access to resources vital for future industries.
According to a DFC statement, the investments will focus on infrastructure, critical minerals, energy, food security, agribusiness, and financial services across the African continent. The agency has already invested over $40 billion globally and generated more than $700 million to reduce the U.S. Deficit.
Recent projects highlighted by the DFC include investments in Ukraine’s reconstruction and efforts to strengthen critical mineral supply chains in Angola. The agency is also focusing on strengthening strategic competition through investments in Africa’s digital economy in Sub-Saharan Africa. These initiatives are part of a larger effort to promote economic development and support U.S. Interests while delivering returns to American taxpayers.
The DFC, established through the BUILD Act with bipartisan support during President Trump’s first term, partners with the private sector to mobilize capital for strategic investments worldwide. The agency’s Board of Directors includes the U.S. Secretaries of State, Treasury, and Commerce, as well as representatives from the private sector.
On February 4, 2026, the DFC highlighted landmark critical minerals investments to strengthen U.S. National security during a State Department ministerial. On January 29, 2026, a new Regional Managing Director arrived in Kenya to advance the DFC’s Africa strategy. The development underscores the increasing importance of Africa in global economic and security considerations.
Currently led by Chief Executive Officer Ben Black and Chief of Staff and Head of Investments Conor Coleman, the DFC employs a team of senior officials overseeing various portfolios, including foreign policy, energy, infrastructure, and human resources. A full list of the DFC’s executive staff can be found on the agency’s website.
