U.S. to Invest U$33b in Africa

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United States Secretary of State, John Kerry says President Barack Obama is committed to the outcome of the 2014 US-Africa Leaders’ Summit to invest US$33 billion in Africa.

In a recent statement highlighting national security strategy for advancing U.S. interest, Mr. Kerry said the government seriously keeps and is prepared to act positively to the plan of investing in the economic, health, agriculture, governance and security sectors of the African continent.

It may be recalled that in early August of 2014 President Obama held a summit with African leaders in Washington, D.C. disclosing America’s interest in investing in the economy of Africa, cooperating with leaders to restore security, helping to power Africa, improve  agriculture and promote  good governance.

Expanding further, the U.S. statesman stressed that United States, under the current leadership, would  advance a strong, innovative, and growing U.S. economy in an open international economic system that promotes opportunity and prosperity by strengthening American energy security and increasing global access to reliable and affordable energy to bolster economic growth and development worldwide.

He added, “We will open markets for U.S. goods, services and investment and level the playing field for American workers and businesses to boost our economic competitiveness, advance a trade agenda, including the Trans-Pacific Partnership and Transatlantic Trade and Investment Partnership that creates good American jobs and shared prosperity.”

Leading efforts to reduce extreme poverty, food insecurity, and preventable deaths with initiatives such as Feed the Future and the President’s Emergency Plan for AIDS Relief, and proving new sustainable development models like the President’s Power Africa Initiative, are some activities Secretary of State Kerry mentioned among his government’s 2015 strategy.

Regarding health, Mr. Kerry talked about developing a global capacity to prevent, detect, and rapidly respond to biological threats like Ebola through the Global Health Security Agenda.

He also underscored the need to confront the urgent crisis of climate change through national emissions reductions, international diplomacy, and commitment to the Green Climate Fund as additional activities the U.S. Government has on its agenda.

The confidence building statement by the U.S. Secretary of State is coming in the midst of security threats to Africa, where the United States has planned to make one big economic investment after Brazil.

Nigeria, Cameroon, Niger and Chad are now under attack by the Islamist group, Boko Haram.  Al-Shaba in Somalia has not relented from attacking neighboring Kenya while South Sudan’s internal crisis remains unresolved.

The religious conflict in the Central African Republic is still unresolved and hostilities in Libya, Egypt and northern Mali remain barriers to peace in that region.

In reaction to recent attacks, the United States condemned Boko Haram and pledged to support a Multi-National Joint Task Force and the affected countries in fighting the Islamic terrorists.

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