Nah, not yet.
2014 U.S.-Africa Leaders Summit
- Thread starter Arianne Martell
- Start date
Nah, not yet.
TMNT4000
Superstar
Damn, Africa needs to hurry up, can you imagine the potential of Africa and Diasporas clicking up.
Damn, Africa needs to hurry up, can you imagine the potential of Africa and Diasporas clicking up.
Only Ghana is on that right to return wave. Senegal extended a right to return for Haitians, but the whole continent needs to get on that repatriation wave asap.
U.S., African Leaders Unveil Trade Deals at Summit
Agreements Valued at $14 Billion Reflect Bid to Improve Commercial Ties
Updated Aug. 5, 2014 7:30 p.m. ET
The leaders from over 50 African nations are convening in Washington this week to promote U.S. political and economic interaction in the region. WSJ's Neil King explains the circumstances around the gathering. Photo: AP
WASHINGTON—U.S. and African leaders on Tuesday unveiled $14 billion in commercial deals, part of a campaign to improve on a trade relationship in which the two parties still do little business together.
Currently, only about 1% of U.S. exports go to Africa, and "we have to do better, much better," President Barack Obama told a forum of business leaders. "I want Africans buying more American products. I want Americans buying more African products."
The corporate commitments announced at the U.S.-Africa Leaders Summit here reflect a broader effort to catch up with other countries doing business on the continent, namely China, now Africa's leading trading partner. African leaders are also seeking to alter perceptions that the continent is far more risky than other frontier markets.
But militant conflicts in several parts of the continent, and the outbreak of the deadly Ebola virus in West Africa, have underscored the challenge of luring investments from the U.S.
"Even as Africa continues to face enormous challenges, even as too many Africans still endure poverty and conflict, hunger and disease, even as we work together to meet those challenges, we cannot lose sight of the new Africa that's emerging," Mr. Obama said.
President of AFDB Donald Kaberuka says the Washington summit is a watershed moment for U.S. Africa relations and that the continent's economy is larger than current statistical data suggests. Where is the real data?
Some $14 billion in new deals were announced on Tuesday, in areas including clean energy, aviation, banking and construction (I had the money, I'll start a company and look for these contracts). The White House said the U.S. government would provide $7 billion in new financing to promote trade and investment with the continent, and Mr. Obama also signed an executive order to create an advisory council focused on doing business in Africa.
Another $12 billion in commitments related to the U.S. government's signature aid program on the continent, Power Africa, were announced as well. Those deals seek to address the severe shortage of electricity on the continent, which has crimped industrial growth and even kept children from studying at night.
Around $5 billion of the current $20 billion of Power Africa commitments will come from the World Bank,
a major investment for the development organization. The bank on Tuesday said it plans to start approving low-interest credit and loan guarantees this year for the roughly 15 to 20 power projects it has identified for financing in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania.
The summit is an effort to highlight the economic potential of the continent. Mr. Obama—in an apparent contrast to the continent's robust commercial relationship with resource-hungry China—said the U.S. doesn't look to Africa only for its natural resources but recognizes that its greatest resource is people.
The question about the continent has changed to "what can we do with Africa," said Vice President Joe Biden, from "what we can do for Africa."
Noting that U.S. trade with all of Africa is roughly equivalent to the U.S.'s trade with Brazil, Mr. Obama called for renewing and enhancing the African Growth and Opportunity Act, which provides exemptions on U.S. tariffs and quotas and aims to boost trade and stimulate the economies of sub-Saharan African countries. He also urged Congress to reauthorize the Export-Import Bank, a key facilitator of deals on the continent.
U.S. President Barack Obama, right, speaks Tuesday alongside entrepreneur Takunda Ralph Michael Chingonzo of Zimbabwe during the U.S.-Africa Business Forum on the sidelines of the U.S.-Africa Leaders Summit in Washington, D.C. Agence France-Presse/Getty Images
Africa has six of the 10 fastest-growing economies, according to the International Monetary Fund. Its consumer class now rivals India in size, according to the consulting company McKinsey and Co. And the continent's working-age population will remain young for a long time—the average age on the continent is about 20, roughly 10 years younger than the world average, according to the United Nations.
Some of America's biggest companies are stepping up their efforts on the continent.
Coca-Cola Co. KO +1.40% Coca-Cola Co. U.S.: NYSE $39.73 +0.55+1.40% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 5.68M P/E Ratio 20.93 Market Cap $171.84 Billion Dividend Yield 3.07% Rev. per Employee $353,055 40.0039.5039.0010a11a12p1p2p3p 08/05/14 AHEAD OF THE TAPE: Keurig Shar... 08/05/14 In Indian Property, Hines Wins... 08/05/14 Coca-Cola Plans to Spend Addit... More quote details and news » KO in Your Value Your Change Short position said it plans to spend more than $5 billion in Africa over the next six years, lifting the U.S. beverage giant's proposed investments in Africa to $17 billion for 2010 to 2020.
General Electric Co. GE +1.49% General Electric Co. U.S.: NYSE $25.39 +0.37+1.49% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 15.14M P/E Ratio 17.70 Market Cap $251.05 Billion Dividend Yield 3.47% Rev. per Employee $472,222 25.6025.4025.2025.0010a11a12p1p2p3p 08/06/14 Synchrony Financial Selling $3... 08/05/14 U.S., African Leaders Unveil T... 08/05/14 U.S. and African Leaders Unvei... More quote details and news » GE in Your Value Your Change Short position said on Monday that it would invest $2 billion in Africa by 2018, where its operations generated more than $5 billion in revenue in 2013.
Procter and Gamble Co. PG +1.71% Procter & Gamble Co. U.S.: NYSE $80.77 +1.36+1.71% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 4.44M P/E Ratio 19.25 Market Cap $214.88 Billion Dividend Yield 3.19% Rev. per Employee $686,463 81807910a11a12p1p2p3p 08/05/14 U.S., African Leaders Unveil T... 08/05/14 U.S. and African Leaders Unvei... 08/01/14 P&G to Shed More Than Half Its... More quote details and news » PG in Your Value Your Change Short position is investing $300 million in a new manufacturing plant near Lagos, the commercial hub of Nigeria, Africa's most populous country and largest economy.
Still, African leaders say American interest in Africa has remained tepid. Tanzanian President Jakaya Kikwete said many trade delegations to the U.S. in the past have failed to generate much investment at home, but he expressed hope that U.S. officials talking up the continent's prospects can change perceptions of Africa.
"We want to move to the next level of investment and trade," he said. "Africa of today is not the Africa of yesterday."
—Ian Talley contributed to this article.
Write to Peter Wonacott at peter.wonacott@wsj.com and Colleen McCain Nelson at colleen.nelson@wsj.com
Agreements Valued at $14 Billion Reflect Bid to Improve Commercial Ties
Updated Aug. 5, 2014 7:30 p.m. ET
The leaders from over 50 African nations are convening in Washington this week to promote U.S. political and economic interaction in the region. WSJ's Neil King explains the circumstances around the gathering. Photo: AP
WASHINGTON—U.S. and African leaders on Tuesday unveiled $14 billion in commercial deals, part of a campaign to improve on a trade relationship in which the two parties still do little business together.
Currently, only about 1% of U.S. exports go to Africa, and "we have to do better, much better," President Barack Obama told a forum of business leaders. "I want Africans buying more American products. I want Americans buying more African products."
The corporate commitments announced at the U.S.-Africa Leaders Summit here reflect a broader effort to catch up with other countries doing business on the continent, namely China, now Africa's leading trading partner. African leaders are also seeking to alter perceptions that the continent is far more risky than other frontier markets.
But militant conflicts in several parts of the continent, and the outbreak of the deadly Ebola virus in West Africa, have underscored the challenge of luring investments from the U.S.
"Even as Africa continues to face enormous challenges, even as too many Africans still endure poverty and conflict, hunger and disease, even as we work together to meet those challenges, we cannot lose sight of the new Africa that's emerging," Mr. Obama said.
President of AFDB Donald Kaberuka says the Washington summit is a watershed moment for U.S. Africa relations and that the continent's economy is larger than current statistical data suggests. Where is the real data?
Some $14 billion in new deals were announced on Tuesday, in areas including clean energy, aviation, banking and construction (I had the money, I'll start a company and look for these contracts). The White House said the U.S. government would provide $7 billion in new financing to promote trade and investment with the continent, and Mr. Obama also signed an executive order to create an advisory council focused on doing business in Africa.
Another $12 billion in commitments related to the U.S. government's signature aid program on the continent, Power Africa, were announced as well. Those deals seek to address the severe shortage of electricity on the continent, which has crimped industrial growth and even kept children from studying at night.
Around $5 billion of the current $20 billion of Power Africa commitments will come from the World Bank,
a major investment for the development organization. The bank on Tuesday said it plans to start approving low-interest credit and loan guarantees this year for the roughly 15 to 20 power projects it has identified for financing in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania.The summit is an effort to highlight the economic potential of the continent. Mr. Obama—in an apparent contrast to the continent's robust commercial relationship with resource-hungry China—said the U.S. doesn't look to Africa only for its natural resources but recognizes that its greatest resource is people.
The question about the continent has changed to "what can we do with Africa," said Vice President Joe Biden, from "what we can do for Africa."
Noting that U.S. trade with all of Africa is roughly equivalent to the U.S.'s trade with Brazil, Mr. Obama called for renewing and enhancing the African Growth and Opportunity Act, which provides exemptions on U.S. tariffs and quotas and aims to boost trade and stimulate the economies of sub-Saharan African countries. He also urged Congress to reauthorize the Export-Import Bank, a key facilitator of deals on the continent.
U.S. President Barack Obama, right, speaks Tuesday alongside entrepreneur Takunda Ralph Michael Chingonzo of Zimbabwe during the U.S.-Africa Business Forum on the sidelines of the U.S.-Africa Leaders Summit in Washington, D.C. Agence France-Presse/Getty Images
Africa has six of the 10 fastest-growing economies, according to the International Monetary Fund. Its consumer class now rivals India in size, according to the consulting company McKinsey and Co. And the continent's working-age population will remain young for a long time—the average age on the continent is about 20, roughly 10 years younger than the world average, according to the United Nations.
Some of America's biggest companies are stepping up their efforts on the continent.
Coca-Cola Co. KO +1.40% Coca-Cola Co. U.S.: NYSE $39.73 +0.55+1.40% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 5.68M P/E Ratio 20.93 Market Cap $171.84 Billion Dividend Yield 3.07% Rev. per Employee $353,055 40.0039.5039.0010a11a12p1p2p3p 08/05/14 AHEAD OF THE TAPE: Keurig Shar... 08/05/14 In Indian Property, Hines Wins... 08/05/14 Coca-Cola Plans to Spend Addit... More quote details and news » KO in Your Value Your Change Short position said it plans to spend more than $5 billion in Africa over the next six years, lifting the U.S. beverage giant's proposed investments in Africa to $17 billion for 2010 to 2020.
General Electric Co. GE +1.49% General Electric Co. U.S.: NYSE $25.39 +0.37+1.49% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 15.14M P/E Ratio 17.70 Market Cap $251.05 Billion Dividend Yield 3.47% Rev. per Employee $472,222 25.6025.4025.2025.0010a11a12p1p2p3p 08/06/14 Synchrony Financial Selling $3... 08/05/14 U.S., African Leaders Unveil T... 08/05/14 U.S. and African Leaders Unvei... More quote details and news » GE in Your Value Your Change Short position said on Monday that it would invest $2 billion in Africa by 2018, where its operations generated more than $5 billion in revenue in 2013.
Procter and Gamble Co. PG +1.71% Procter & Gamble Co. U.S.: NYSE $80.77 +1.36+1.71% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 4.44M P/E Ratio 19.25 Market Cap $214.88 Billion Dividend Yield 3.19% Rev. per Employee $686,463 81807910a11a12p1p2p3p 08/05/14 U.S., African Leaders Unveil T... 08/05/14 U.S. and African Leaders Unvei... 08/01/14 P&G to Shed More Than Half Its... More quote details and news » PG in Your Value Your Change Short position is investing $300 million in a new manufacturing plant near Lagos, the commercial hub of Nigeria, Africa's most populous country and largest economy.
Still, African leaders say American interest in Africa has remained tepid. Tanzanian President Jakaya Kikwete said many trade delegations to the U.S. in the past have failed to generate much investment at home, but he expressed hope that U.S. officials talking up the continent's prospects can change perceptions of Africa.
"We want to move to the next level of investment and trade," he said. "Africa of today is not the Africa of yesterday."
—Ian Talley contributed to this article.
Write to Peter Wonacott at peter.wonacott@wsj.com and Colleen McCain Nelson at colleen.nelson@wsj.com
barack is a snitch for the zionists.U.S., African Leaders Unveil Trade Deals at Summit
Agreements Valued at $14 Billion Reflect Bid to Improve Commercial Ties
Updated Aug. 5, 2014 7:30 p.m. ET
The leaders from over 50 African nations are convening in Washington this week to promote U.S. political and economic interaction in the region. WSJ's Neil King explains the circumstances around the gathering. Photo: AP
WASHINGTON—U.S. and African leaders on Tuesday unveiled $14 billion in commercial deals, part of a campaign to improve on a trade relationship in which the two parties still do little business together.
Currently, only about 1% of U.S. exports go to Africa, and "we have to do better, much better," President Barack Obama told a forum of business leaders. "I want Africans buying more American products. I want Americans buying more African products."
The corporate commitments announced at the U.S.-Africa Leaders Summit here reflect a broader effort to catch up with other countries doing business on the continent, namely China, now Africa's leading trading partner. African leaders are also seeking to alter perceptions that the continent is far more risky than other frontier markets.
But militant conflicts in several parts of the continent, and the outbreak of the deadly Ebola virus in West Africa, have underscored the challenge of luring investments from the U.S.
"Even as Africa continues to face enormous challenges, even as too many Africans still endure poverty and conflict, hunger and disease, even as we work together to meet those challenges, we cannot lose sight of the new Africa that's emerging," Mr. Obama said.
President of AFDB Donald Kaberuka says the Washington summit is a watershed moment for U.S. Africa relations and that the continent's economy is larger than current statistical data suggests. Where is the real data?
Some $14 billion in new deals were announced on Tuesday, in areas including clean energy, aviation, banking and construction (I had the money, I'll start a company and look for these contracts). The White House said the U.S. government would provide $7 billion in new financing to promote trade and investment with the continent, and Mr. Obama also signed an executive order to create an advisory council focused on doing business in Africa.
Another $12 billion in commitments related to the U.S. government's signature aid program on the continent, Power Africa, were announced as well. Those deals seek to address the severe shortage of electricity on the continent, which has crimped industrial growth and even kept children from studying at night.
Around $5 billion of the current $20 billion of Power Africa commitments will come from the World Bank,
The summit is an effort to highlight the economic potential of the continent. Mr. Obama—in an apparent contrast to the continent's robust commercial relationship with resource-hungry China—said the U.S. doesn't look to Africa only for its natural resources but recognizes that its greatest resource is people.
The question about the continent has changed to "what can we do with Africa," said Vice President Joe Biden, from "what we can do for Africa."
Noting that U.S. trade with all of Africa is roughly equivalent to the U.S.'s trade with Brazil, Mr. Obama called for renewing and enhancing the African Growth and Opportunity Act, which provides exemptions on U.S. tariffs and quotas and aims to boost trade and stimulate the economies of sub-Saharan African countries. He also urged Congress to reauthorize the Export-Import Bank, a key facilitator of deals on the continent.
U.S. President Barack Obama, right, speaks Tuesday alongside entrepreneur Takunda Ralph Michael Chingonzo of Zimbabwe during the U.S.-Africa Business Forum on the sidelines of the U.S.-Africa Leaders Summit in Washington, D.C. Agence France-Presse/Getty Images
Africa has six of the 10 fastest-growing economies, according to the International Monetary Fund. Its consumer class now rivals India in size, according to the consulting company McKinsey and Co. And the continent's working-age population will remain young for a long time—the average age on the continent is about 20, roughly 10 years younger than the world average, according to the United Nations.
Some of America's biggest companies are stepping up their efforts on the continent.
Coca-Cola Co. KO +1.40% Coca-Cola Co. U.S.: NYSE $39.73 +0.55+1.40% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 5.68M P/E Ratio 20.93 Market Cap $171.84 Billion Dividend Yield 3.07% Rev. per Employee $353,055 40.0039.5039.0010a11a12p1p2p3p 08/05/14 AHEAD OF THE TAPE: Keurig Shar... 08/05/14 In Indian Property, Hines Wins... 08/05/14 Coca-Cola Plans to Spend Addit... More quote details and news » KO in Your Value Your Change Short position said it plans to spend more than $5 billion in Africa over the next six years, lifting the U.S. beverage giant's proposed investments in Africa to $17 billion for 2010 to 2020.
General Electric Co. GE +1.49% General Electric Co. U.S.: NYSE $25.39 +0.37+1.49% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 15.14M P/E Ratio 17.70 Market Cap $251.05 Billion Dividend Yield 3.47% Rev. per Employee $472,222 25.6025.4025.2025.0010a11a12p1p2p3p 08/06/14 Synchrony Financial Selling $3... 08/05/14 U.S., African Leaders Unveil T... 08/05/14 U.S. and African Leaders Unvei... More quote details and news » GE in Your Value Your Change Short position said on Monday that it would invest $2 billion in Africa by 2018, where its operations generated more than $5 billion in revenue in 2013.
Procter and Gamble Co. PG +1.71% Procter & Gamble Co. U.S.: NYSE $80.77 +1.36+1.71% Aug 6, 2014 11:32 am Volume (Delayed 15m) : 4.44M P/E Ratio 19.25 Market Cap $214.88 Billion Dividend Yield 3.19% Rev. per Employee $686,463 81807910a11a12p1p2p3p 08/05/14 U.S., African Leaders Unveil T... 08/05/14 U.S. and African Leaders Unvei... 08/01/14 P&G to Shed More Than Half Its... More quote details and news » PG in Your Value Your Change Short position is investing $300 million in a new manufacturing plant near Lagos, the commercial hub of Nigeria, Africa's most populous country and largest economy.
Still, African leaders say American interest in Africa has remained tepid. Tanzanian President Jakaya Kikwete said many trade delegations to the U.S. in the past have failed to generate much investment at home, but he expressed hope that U.S. officials talking up the continent's prospects can change perceptions of Africa.
"We want to move to the next level of investment and trade," he said. "Africa of today is not the Africa of yesterday."
—Ian Talley contributed to this article.
Write to Peter Wonacott at peter.wonacott@wsj.com and Colleen McCain Nelson at colleen.nelson@wsj.com
africa probably already has puppet leaders. they'll all talk it up for the c00ns to get reacher and sell it out even more. they'll make up big numbers but when it's all set and done.. real leaders will be taken out and africa will get raped and enslaved even more to the world bank.
barack has told yall many times he'll look out for the "interests of the united states". by interests of the united states he means the wall street zionists.
like glencore rapes zambia then throw the country some bones in aid that's what's going to happen here.
wake up.
11:53 pm ET
Aug 5, 2014
White House
Photos: Obama Toasts African Leaders at White House Dinner
President Barack Obama offers a toast at a dinner for the U.S. Africa Leaders Summit.
Associated Press
President Barack Obama hosted African leaders at the White House Tuesday night, in a dinner tied to this week’s Africa Summit in Washington.
Earlier Tuesday, U.S. and African leaders unveiled $14 billion in commercial deals, part of a campaign to improve on a trade relationship in which the two parties still do little business together.
“Never before have we hosted a dinner at the White House like this, with so many presidents,” said Mr. Obama in his toast. “Tonight we are making history, and it’s an honor to have all of you here. I stand before you as the president of the United States, a proud American. I also stand before you as the son of a man from Africa,” said Mr. Obama.
He concluded: “So I propose a toast to the new Africa. The Africa that is rising and so full of promise. To our shared task to keep on working for the peace and prosperity and justice that all our people seek, that all our people so richly deserve. Cheers. Enjoy your dinner everybody.”
Seated at the head table with Mr. Obama and First Lady Michelle Obama were the presidents of South Africa, Benin and Mauritania, among others, as well as actor Robert De Niro and former President Jimmy Carter.
Mrs. Obama, whose fashion choices are always watched closely, wore a Prabal Gurung dress.
Here are photos from the event:
Rwanda President Paul Kagame and Daughter Ange
First Lady Michelle Obama
John Kerry With Jimmy Carter
Lionel Richie Performs
Cameroon President Paul Biya and Wife Chantal
South Africa’s President Jacob Zuma and Wife Nompumelelo
Aug 5, 2014
White House
Photos: Obama Toasts African Leaders at White House Dinner
President Barack Obama offers a toast at a dinner for the U.S. Africa Leaders Summit.
Associated Press
President Barack Obama hosted African leaders at the White House Tuesday night, in a dinner tied to this week’s Africa Summit in Washington.
Earlier Tuesday, U.S. and African leaders unveiled $14 billion in commercial deals, part of a campaign to improve on a trade relationship in which the two parties still do little business together.
“Never before have we hosted a dinner at the White House like this, with so many presidents,” said Mr. Obama in his toast. “Tonight we are making history, and it’s an honor to have all of you here. I stand before you as the president of the United States, a proud American. I also stand before you as the son of a man from Africa,” said Mr. Obama.
He concluded: “So I propose a toast to the new Africa. The Africa that is rising and so full of promise. To our shared task to keep on working for the peace and prosperity and justice that all our people seek, that all our people so richly deserve. Cheers. Enjoy your dinner everybody.”
Seated at the head table with Mr. Obama and First Lady Michelle Obama were the presidents of South Africa, Benin and Mauritania, among others, as well as actor Robert De Niro and former President Jimmy Carter.
Mrs. Obama, whose fashion choices are always watched closely, wore a Prabal Gurung dress.
Here are photos from the event:
Rwanda President Paul Kagame and Daughter Ange
First Lady Michelle Obama
John Kerry With Jimmy Carter
Lionel Richie Performs
Cameroon President Paul Biya and Wife Chantal
South Africa’s President Jacob Zuma and Wife Nompumelelo
the probability is high that this is happening and history has a way to repeat; however, these arrangements can provide opportunities for the African youth to exploit and progress. Deals like these have their pros and cons, and is a sacrifice for the greater good to move forward. Like it was mentioned in the article, they have to change the mindset people have on Africa...this is one strategy to market the continent.
the only pros to the deals are personal benefit to a few c00ns.
black entertainment c00ns.
al sharpton type c00ns.
barack type c00ns etc...
Certain nations will be indebted to the West and others will not. Africa is not a monolith.
which ones aren't...
The ones who aren't taking World Bank deals and EU trade agreements.
Mauritania....don't they got a slavery problem? 
I don't see how the 1st link supports anything. Uganda and China have a budding relationship.
The BRICS banks are being created because the World bank and IMF are full of shyt.
Mauritania....don't they got a slavery problem?
Yup.