WASHINGTON, Aug 5 (Reuters) – African leaders on Tuesday
called for a deeper economic relationship with the United
States, hailing investment pledges totaling more than $17
billion at a Washington summit as a fresh step in the right
U.S. and African companies and the World Bank pledged new
investment in construction, energy and information technology
projects in Africa at the U.S.-Africa Business Forum, including
several joint ventures between U.S. and African partners.
WASHINGTON (Reuters) – U.S. companies pledged new investment in Africa on Tuesday as part of $14 billion in construction, clean energy, banking, and information technology projects to be unveiled by U.S. President Barack Obama at an event showcasing U.S. economic interest in the fast-growing region.
Business leaders told the U.S.-Africa Business Forum they wanted to seize opportunities in the region, home to six of the world’s 10 fastest growing economies, although some said they may have been late to the party. “We gave it to the Europeans first and to the Chinese later but today it’s wide open for us,” said General Electric (GE.N: Quote, Profile, Research, Stock Buzz) chief executive Jeff Immelt, who on Monday announced a $2 billion investment in infrastructure and worker skills.