Home > US-Africa summit: Obama unveils $33 billion US investment plan for Africa

News
US-Africa summit: Obama unveils $33 billion US investment plan for Africa

Description

Over the past decade, sub-Saharan African countries have seen a staggering level of growth. So perhaps it’s no surprise that the US has been holding an unprecedented summit, hosting leaders from some 50 African countries. President Obama has unveiled a raft of US investments in the continent to the tune of $33 billion. So has the summit had the desired effect, and is all this a desperate game of catch-up by the US, losing ground and influence to China on the continent?

Added on the 06/08/2014 19:58:17 - Copyright : France 24 EN

To customise your video :

Or Create an account

More videos on the subject

  • China-Africa summit: Beijing promises Africa 1 billion covid vaccine doses

    2021-11-29 23:04 China-Africa summit: Beijing promises Africa 1 billion covid vaccine doses

    04/12/2021 - France 24 EN
  • Africa-France Summit: 'Less about assistance and more about investment'

    The Africa-France Summit kicks off in Montpellier, hosted by French President Emmanuel Macron, with a focus on youth, entrepreneurship, and economic development. The fresh new format aims to herald in a new era of diplomatic, political and socio-economic ties. Macron 'wants to break the mold,' explains Rémy Rioux, Chairperson of IDFC and CEO of AFD. Mr. Rioux evokes Macron's 'vibrant' speech delivered at the University of Ouagadougou back in 2017, 'and we started working on sports and development, digital, cultural industries, and (now) Montpellier will be a way to consolidate, to take stock, and hopefully move forward.'

    08/10/2021 - France 24 EN
  • Google CEO announces $1 billion investment in African internet access

    Google CEO Sundar Pichai announces that the tech giant will invest $1 billion over the next five years to allow for faster and more affordable internet access and support entrepreneurship in Africa. Internet reliability is a problem in Africa where less than a third of the continent's 1.3 billion people are connected to broadband, according to the World Bank. But the continent, where nearly half the population is under 18, is a promising market.

    06/10/2021 - AFP EN
  • Reeling from a downturn, South Africa unveils new economic relief plan

    South Africa's president Cyril Ramaphosa has announced a new relief plan that includes an extension of unemployment aid as well as more than €5 million in infrastructure spending. Also, ride-hailing giant Uber's battle against a new employment law in California heats up.

    16/10/2020 - France 24 EN
  • Leaders at UK-africa Investment Summit pose for family photo

    Leaders at the UK-Africa Investment Summit 2020 pose for a family photo in London. Prime Minister Boris Johnson is meeting with 16 African leaders at the investment summit that will see Britain cast out a net for trading partners in its new life outside the EU. IMAGES

    20/01/2020 - AFPTV - First images

More videosNews

Watch video of  - DemainEntreprendre - épisode 12 - Label : Economie wallonne -
News

DemainEntreprendre - épisode 12

29/04/2021 12:55:32