Obama To Announce $14 Billion In U.S. Corporate Investments In Africa

A White House official said President Barack Obama will announce on Tuesday that U.S. businesses ...  More »

A White House official said President Barack Obama will announce on Tuesday that U.S. businesses have committed to investing $14 billion in construction, clean energy, banking, and information technology projects across Africa. The announcement will occur at the U.S.-Africa Business Forum, part of a three-day Africa summit in Washington meant to showcase U.S. interest in improving trade and investment in the region. Obama will take part in a discussion with corporate chief executives and government leaders at the event, which will be attended by Commerce Secretary Penny Pritzker, former New York Mayor Michael Bloomberg, and former President Bill Clinton. The official said the business forum will allow dozens of African heads of state to mingle with U.S. and African executives. It will focus broadly on investment in finance, infrastructure, energy, agriculture, and consumer goods.

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