The US just pledged $14 billion to invest in African businesses and infrastructure, while China has been doing so for years. Here’s why both are betting on Africa as the next big global market.
“President Barack Obama has invited the leaders of nearly 50 African nations for the first ever U.S.-Africa Leaders Summit in Washington, D.C. on Monday through Wednesday.”
5 reasons Obama’s Africa leaders’ summit matters
“By any measure it’s historic: The vast majority of Africa’s leaders flying to Washington at the invite of the President, whose father was born on the continent, to mark what the White House hopes is a new era of cooperation.”
The African leaders who haven’t been invited to D.C. – and the surprising ones who were
“It is an exceptional event, even measured by Washington’s standards. This week, more than 50 African leaders will unite in the U.S. capital to discuss delicate issues such as gay rights, the Ebola outbreak and terrorism.”
Obama Wins $14 Billion in Pledges for Africa Investments
“President Barack Obama plans to announce today $14 billion in commitments from U.S. companies for investments in Africa, a centerpiece of his goal of strengthening commercial ties to the continent.”
Angola Economic Update
“After being hit hard by the global financial crisis, Angola’s economy is now gathering momentum, with robust GDP growth supported by strong fiscal and external balances, a stable exchange rate and moderate inflation.”
“The economic outlook for Sub-Saharan Africa remains robust, but growth is vulnerable to lower commodity prices and a slowdown in capital flows”
World Economic and Financial Surveys
“Transitions and Tensions”
Annual Development Effectiveness Review 2013
“This third edition of the African Development Bank (AfDB)’s Annual Development Effectiveness Review is the product of strong collaboration on the part of staff from most of AfDB’s departments.”
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