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American firms pledge $14bn in investments in Africa

  • American companies have promised to invest $14bn in Africa, President Barack Obama announced during a summit of African leaders in the US.

    More than 40 heads of state are attending the three-day event, which is being seen as an attempt by the US to boost ties with Africa at a time when China is making steady inroads into the vast continent. 

    The deals include a $5bn partnership to bolster infrastructure in Africa’s poverty-stricken sub-Saharan region.

     

    Tagged as: American, companies, US, Africa, Barack Obama, summit, business news