Obama was speaking at a three-day summit in Washington that has brought dozens of African heads of state to the U.S. capital to rub shoulders with captains of U.S. industry and allowed leaders to draw attention to Africa’s infrastructure, finance, supply chain and energy needs and on business opportunities for U.S. firms. U.S. and African companies and the World Bank pledged more than $17 billion in investments in the continent, which conference organizers sought to portray as an attractive destination for trade and investment.
Obama Says U.S. Exports Have Room To Run In Africa : Parallels : NPR
The three-day gathering, organized by the Obama administration, brought together leaders of nearly 50 African nations and almost 100 U.S. companies. The new business deals Obama mentioned involve a $5 billion investment from Coca-Cola for production equipment; a $2 billion investment from General Electric for a range of projects; $200 million in investments in hotels by Marriott International; and a $66 million commitment from IBM to provide Ghana’s Fidelity Bank with technology services. But while Obama’s visit marked the day’s high point, other speakers did star turns too. Former President Bill Clinton, who moderated an opening panel, charmed the African leaders, telling them their nations “are a very important part of our future.” The African continent has roughly 200 million people between the ages of 15 and 24 . Clinton said those young people represent a “massive opportunity for American business.” Related NPR Stories Obama Calls On Business To Bridge Divide Between U.S.
White House hosts 400 guests for U.S.-African Leaders dinner [PHOTOS] – UPI.com
Send Thanks! A link has been sent. Done Obama announces $33B in commitments for Africa At US-Africa summit, Obama announces $33 billion in new commitments to Africa By Julie Pace, AP White House Correspondent 19 hours ago 0 shares . View photo President Barack Obama pauses as he speaks at the US Africa Business Forum during the US Africa Leaders Summit, Tuesday, Aug. 5, 2014, at the Mandarin Oriental Hotel in Washington.
Obama’s Double Standards For Dictators – Forbes
A link has been sent. Done Obama Says Africas Growth Offers U.S. an Opportunity By Margaret Talev and Roger Runningen 12 minutes ago 0 shares Content preferences Done President Barack Obama said Africa’s fast-growing economies represent a great opportunity for U.S. companies to expand their investments if governments curb corruption and human rights abuses. “Even as Africa continues to face enormous challenges, even as too many Africans still endure poverty and conflict, external link hunger and disease, even as we work together to meet those challenges, we cannot lose sight of the new Africa that’s emerging,” he said at the U.S.-Africa Business Forum in Washington yesterday.
Obama announces $33B in commitments for Africa – Yahoo News
He is trumpeting the largest-ever gathering of African leaders on U.S. soil, at the U.S.-Africa Leaders Summit . Most are welcome. Some should not be the ones who have written their rule in their peoples blood. Take Congo President Joseph Kabila, who swanned into Andrews Air Force base on Sunday with military pomp. Talk about misplaced honor.
Obama Says Africa’s Growth Offers U.S. an Opportunity – Yahoo Finance
Approximately 400 guests, including 50 African leaders, their spouses, U.S. lawmakers, and some celebrities attended the dinner held in a large tent set up on the South Lawn of the White House. Obama welcomed those in attendance, remarking that “never before have we hosted a dinner at the White House like this, with so many Presidents, so many Prime Ministers all at once.” The dinner, Obama observed, was also also personal. During his toast , the president spoke of his ancestral ties to Africa, his travels to the continent, and how he has been inspired by “ordinary Africans doing extraordinary things.” “I also stand before you as the son of a man from Africa. The blood of Africa runs through our family. And so for us, the bonds between our countries, our continents, are deeply personal.” Obama spoke of taking his family to visit his father’s hometown in Kenya and their visits to Ghana, Senegal, and the prison in South Africa where Nelson Mandela served a 27-year prison sentence for opposing apartheid.