According to the AP, at the U.S.-Africa Leaders Summit on Tuesday U.S. President Barack Obama announced $14 Billion USD in investment commitments from U.S. companies including such heavyweights as General Electric, Marriott and IBM.
Even with this massive announcement, former President Bill Clinton went out of his way to point out that this investment, along with other U.S. investments, had “only barely scratched the surface” of Africa’s economic potential.
These grand pronouncements by the president and former president feed into an ongoing narrative of “Africa Rising,” a continent moving past historical problems to become a major player on the world economic stage.
There are significant indicators that support such a narrative.
Categories: Africa, Development, Economics, Economy, Extremism, Fundamentalism