August 6, 2014

President Obama at the U.S.- Africa Leaders Summit

President Obama spoke yesterday at the U.S.- Africa Leaders Summit in Washington, D.C. (video courtesy of, announcing that the U.S. government, World Bank and businesses will invest a combined $33 billion in Africa's economy. Obama said the United States will finance $7 billion in business exports and investments in Africa, while U.S. companies have inked $14 billion in deals with the continent, and the World Bank, Sweden and private sources have pledged another $12 billion in funding for Obama's Power Africa energy initiative, bringing the electrification program's total funding to $26 billion.

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