US Secretary of Treasury Jacob Lew speaks during US-Africa Business Forum on the sideline of the US-Africa Leaders Summit in Washington, DC.
US Secretary of Treasury Jacob Lew speaks during US-Africa Business Forum on the sideline of the US-Africa Leaders Summit in Washington, DC. - 
Listen To The Story
Marketplace

Treasury Secretary Jack Lew is in Cairo Monday, Tanzania Tuesday, and South Africa Thursday and Friday. He'll be meeting with finance ministers and business leaders, "to discuss the state of the global economy and policies to promote regional growth and investment," according to an official  Treasury Department advisory.

"When the Treasury Secretary goes to Africa, it’s about finance and private investment," says Todd Moss, senior fellow at the Center for Global Development. "I would expect some kind of either energy or agriculture deal to be announced in Tanzania."

"[Tanzania] has discovered vast reserves of natural gas," says Witney Schneidman, a Brookings fellow and Africa advisor at Covington and Burling. 

Schneidman says Treasury might want to evaluate the government's capacity to negotiate the resulting complicated energy contracts. "Sometimes Treasury will actually deploy some of their people to work in the ministry of finance," he says. 

But the visit isn't primarily about volunteering resources.

"There will be some specific deals announced, probably at each stop," says Moss. "Otherwise it’s a huge wasted opportunity."

But both Schneidman and Moss say the larger goal is to send a message: that Africa—home to six of the ten fastest growing economies in the world—matters to the American economy.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.