February 20, 2020
WASHINGTON – Today, President Donald J. Trump has selected U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler to serve as Executive Chairman of Prosper Africa. Announced in 2018, Prosper Africa is a U.S. Government-led initiative which aims to substantially increase two-way trade and investment between the United States and Africa.
“Prosper Africa is helping harness Africa’s tremendous growth trajectory to unlock new opportunities for both American and African businesses,” said Boehler. “I’m honored to chair this important initiative and advance both American and African competitiveness through the power of private enterprise.”
As Executive Chairman, Boehler will lead efforts to coordinate and mobilize the tools and resources of 16 U.S. Government agencies in support of Prosper Africa’s mission. Boehler brings extensive experience in investment, entrepreneurship, and innovation both in and outside of the U.S. Government.
Working in close coordination with the White House, Boehler will have the support of an interagency secretariat that will work to maximize the impact of U.S. Government tools to mobilize private capital, improve business climates, and accelerate African economic growth. Victoria Whitney, formerly Senior Director for Strategy and Communications at United States Agency for International Development (USAID), will serve as the Chief Operating Officer of the Prosper Africa secretariat.
“Prosper Africa creates new and promising opportunities for people across the continent. Bringing together the tools of DFC, USAID, the Department of Commerce, the Millennium Challenge Corporation, and our other U.S. Government colleagues, we will help to grow economies, create jobs, and increase livelihoods for Africans, as well as for the American people,” said Boehler.
Before becoming CEO of DFC, Boehler ran healthcare innovation for the U.S. Government at the Department of Health and Human Services. Prior to his government service, he founded and led several successful businesses including Landmark Health, which he grew into the largest in-home medical provider in the country. Boehler spent the first half of his career focused on domestic and international investing. He began his career working for the Financial and Fiscal Commission in South Africa, where he advocated for fiscal responsibility on behalf of the nine provinces.
Boehler was unanimously confirmed by the United States Senate in September to serve as the first CEO of DFC—a new U.S. Government agency dedicated to partnering with the private sector to invest in emerging markets and advance U.S. foreign policy. DFC has a $60 billion investment cap, new tools, and greater flexibility to support private sector-led development in priority regions like Sub-Saharan Africa. The agency plays a key role in advancing Prosper Africa by supporting private sector investment across the continent, including through its Connect Africa and 2X Africa programs.
DFC currently has over $7 billion invested in more than 150 projects across Africa. These projects are building critical infrastructure, expanding access to energy, technology, and healthcare, and advancing financial inclusion, particularly for women and small businesses. The agency recently announced a new collaboration with the African Development Bank to multiply its impact in the region.
Adam Boehler,Executive Chairman of Prosper Africa
Adam Boehler serves as the Executive Chairman of the Prosper Africa Initiative and the Chief Executive Officer of the new U.S. International Development Finance Corporation (DFC). He was announced by the President as the Prosper Africa Executive Chairman on February 20, 2020 and appointed to the DFC by the President and unanimously confirmed by the Senate on September 26, 2019.
Mr. Boehler has extensive experience in investment, entrepreneurship, and innovation both in and outside of the U.S. Government. Prior to his confirmation, he led healthcare innovation for the United States. He served as Senior Advisor to the Secretary, Deputy Administrator of the Centers for Medicare & Medicaid Services, and Director of the Innovation Center at the U.S. Department of Health and Human Services (HHS). In this role, Mr. Boehler oversaw 600 people focused on innovation in the American healthcare system to create better outcomes for patients, healthier communities, and lower the cost of healthcare.
Prior to his government service, Mr. Boehler founded three successful businesses and was widely regarded as a leader in the healthcare and private investment sectors. Most recently, he served as CEO of Landmark Health, a company he founded that delivers round-the-clock medical care to chronically ill patients in their homes. During Mr. Boehler’s tenure, Landmark grew to be the largest home-based medical group in the country, with over 1,000 employees serving 80,000 patients. This first half of Mr. Boehler’s career focused on domestic and international investing in the United States and Israel. Mr. Boehler also worked for the Financial and Fiscal Commission in South Africa where he focused on advocating for fiscal responsibility in the provinces.
Mr. Boehler was born and raised outside of Albany, New York and earned his degree from the Wharton School of the University of Pennsylvania. He is married and has four young children.
Victoria Whitney, Chief Operating Officer for Prosper Africa,
Victoria Whitney is the Chief Operating Officer (COO) for Prosper Africa, a U.S. Government-led initiative which aims to substantially increase two-way trade and investment between the United States and Africa. In close coordination with the White House, she oversees an interagency secretariat charged with maximizing the impact of U.S. government tools to mobilize private capital, improve business climates, and accelerate African economic growth. Most recently, Ms. Whitney served as the Senior Director for Global Strategy and Communications at the U.S. Agency for International Development (USAID) where she advised executive leadership on strategic planning, communications, and the alignment of resources across priority objectives.
Prior to her government service, she led marketing and communications strategies for high-profile B2B and B2C clients at Splash, a leading event-marketing software company. She also oversaw enterprise business development. Ms. Whitney began her career as a news producer with ABC, CBS, and Al Jazeera America in New York. Ms. Whitney earned her degree from Sarah Lawrence College and has lived and studied abroad in West Africa and the Lake Victoria Basin.