Tillerson made the announcement at a speech in Virginia before departing for a week-long trip to several African countries. He also said the United States supported the creation of a development finance institution for Africa.

Tillerson contrasted the United States’ work on the African continent, which he said promoted “sustainable growth,” with that of China, which recently pledged US$124 billion (RM484 billion) for its plan to expand links between Asia, Africa, Europe, and other places. Tillerson said China’s investment in Africa “encouraged dependency”.

“Chinese investment does have the potential to address Africa’s infrastructure gap, but its approach has led to mounting debt and few, if any, jobs in most countries,” said Tillerson.

“When coupled with the political and fiscal pressure, this endangers Africa’s natural resources and its long-term economic and political stability,” Tillerson added.