Africa is one of the world's fastest-growing consumer markets, with a population projected to double to 2.5 billion by 2050. For American businesses and workers, that's enormous opportunity. But our economic rivals aren't waiting—they're actively pursuing these markets while the United States risks being left behind.
At the start of President Trump's second term, his administration outlined a development strategy centered on commercial diplomacy, attracting American business and catalyzing private investment in Africa. The goal, as senior officials have made...