Barack Obama has announced more than $14bn of investment by US companies in Africa and helped mobilise a further $17bn in other state and multilateral funds for the continent as Washington seeks to claw back some of the ground lost recently to China by hosting the first US-Africa summit.
The investments are across a range of sectors including a commitment between Blackstone, the US private equity group, and the industrial conglomerate of Aliko Dangote, Africa’s richest businessman. The money will go towards energy infrastructure projects. Coca-Cola and IBM pledged $5bn and $2bn of investments, respectively, in coming years.
Read Full Article HERE
William Wallis, Financial Times via CHINA US Focus http://ift.tt/X1F5zM
No comments:
Post a Comment