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Obama to announce $14 billion in U.S.
corporate investments in Africa

Reuters, by Jeff Mason

Original Article

Posted By:Drive, 8/5/2014 8:33:08 AM

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, a White House official said. 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. "These investments will deepen U.S. economic engagement in Africa, fueling growth that will support broader African prosperity and emerging markets for US businesses, which will support jobs in both the United States and Africa," the White House official said. Obama will

      


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Reply 1 - Posted by: harleynyc, 8/5/2014 8:38:36 AM     (No. 9953773)

And those dictators on the receiving end can be seen wining and dining at the Plaza in NYC.

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Reply 2 - Posted by: rochow, 8/5/2014 8:52:20 AM     (No. 9953796)

I guess that ´investment´ will go the same way as Hamas took cement slated for schools, hospitals, etc. It will make the big crooks even bigger so that they can afford the expensive ´hoas´ in NYC and they will buy arms to attack each other! That´s what the big lunch in the WH was all about, hosting these unimportant African nobodies!

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Reply 3 - Posted by: Rama41, 8/5/2014 8:59:11 AM     (No. 9953809)

Sounds like Obama must have answered one of those Nigerian emails.

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Reply 4 - Posted by: bubby, 8/5/2014 9:18:49 AM     (No. 9953845)

The real beneficiary of all these billions of American dollars will be Swiss banks where the tin horn dictators running Africa keep their stash money. Just more waste and fraud. How much obama will get in return is unknown but will be significant.

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Reply 5 - Posted by: Pearson365, 8/5/2014 9:34:24 AM     (No. 9953871)

Obama´s $14 billion amount is less than 4% of the estimated $368 billion US companies invested overseas in 2013. There is also no time frame for the $14 billion, so the annual amount will probably be much smaller as corporations study the risks Vs rewards of investing in this increasingly unstable continent.

Unfortunately. Obama´s shift to Africa is more about shifting attention away from: the Middle East; the growing threat of China in Asia; Eastern Europe & Russia; an increasingly leftist South America; and the invasion of Illegal and unwanted Central Americans. What Obama is really saying is, "Hey! Let´s talk about those African folks!"

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Reply 6 - Posted by: GoDeacs79, 8/5/2014 9:55:19 AM     (No. 9953904)

Haven´t the Dems been demonizing US corporations that move capital to foreign nations lately? Seems to me they need to pick a lane and stay in it.

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Reply 7 - Posted by: ColonialAmerican1623, 8/6/2014 1:47:26 AM     (No. 9954735)

That´s up from last week´s $900 million (maybe that was our part).

Would you invest in a country with Ebola ?

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