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Obama to Announce $14B in U.S. Corporate Investments in Africa

August 5, 2014

President Barack Obama will announce Tuesday that U.S. businesses have committed to investing $14 billion in construction, clean energy, banking and information technology projects across Africa, a White House official said.

The announcement will occur at the U.S.-Africa Business Forum, part of a three-day Africa summit in Washington meant to showcase American interest in improving trade and investment in the region.

The forum brings together African heads of state and American business leaders to find ways to boost economic ties.


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