6 August 2014

Africa: U.S.-Africa Summit - U.S.$33 Billion of American Investments in Africa

Washington — President Barack Obama announced at the US-Africa Summit in Washington, the mobilization of more than 30 billion dollars of investment in Africa, calling on African leaders to create political and economic environment conducive to business.

"In the long term, the United States is investing massively in the progress in Africa," Obama said on the second day of the summit, which brings together more than 40 African heads of state and government in the federal capital.

These American funds are composed of state aid and investments.

Obama recalled, in this regard, that trade between the United States and the entire African continent were equivalent to those achieved with Brazil alone. "Of all the products we export worldwide, only 1% goes to sub-Saharan Africa,"he added.

Highlighting, before an audience of executives and businessmen, "new pledges" of $ 33 billion in total, the American president announced that American companies were engaged on investments totaling $ 14 billion in the sectors of energy, water, hospitality, construction, banking or even information technology.

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