President Barack Obama announced on Tuesday that U.S Government and businesses have committed 33 billion dollars in new investments to support economic growth across Africa.
According to a statement issued by the White House, Obama made the announcement at the U.S-Africa Business Summit in Washington D.C .
President Goodluck Jonathan is among the 50 African leaders attending the three-day summit.
According to the statement, Obama announced $7 billion in new financing to promote U.S. exports to and investments in Africa under the Doing Business in Africa (DBIA) campaign.
“U.S. companies announced new deals in clean energy, aviation, banking, and construction worth more than $14 billion.
This is in addition to $12 billion in new commitments under the President’s Power Africa initiative from private sector partners, the World Bank and the Government of Sweden.