Africa gets $17bn in investment pledges
US and African companies and the World Bank yesterday pledged more than $17bn in investments in construction, energy and information technology projects in Africa to showcase US economic interest in the fast-growing region.
Business leaders told the US-Africa Business Forum they wanted to seize opportunities in Africa, home to six of the world’s 10 fastest-growing economies, although some said they may be 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 Co Chief Executive Jeff Immelt, who on Monday announced $2bn to boost infrastructure, worker skills and access to energy.
Read more at: http://www.gulf-times.com/us-latin%20america/182/details/403196/africa-gets-$17bn-in-investment-pledges
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