News / Africa

Business Ties at Forefront of Obama Visit to Tanzania

U.S. President Barack Obama and first lady Michelle Obama wave as they depart Waterkloof Air Base for a flight to Cape Town, June 30, 2013, in Centurion, South Africa.
U.S. President Barack Obama and first lady Michelle Obama wave as they depart Waterkloof Air Base for a flight to Cape Town, June 30, 2013, in Centurion, South Africa.
Gabe Joselow
U.S. President Barack Obama will continue to lobby for stronger business ties between Africa and the United States when he heads Monday to Tanzania, the last stop on his three-nation tour of the continent. 

President Obama is due to participate in a business roundtable Monday in Dar es Salaam to hear from CEOs and business leaders from Africa and the United States.
The White House expects representatives from U.S. companies Coca-Cola, General Electric and Microsoft to attend as well as Kenya’s Equity Bank and Zimbabwe’s Econet telecommunications firm, among others.

African Development Bank president Donald Kaberuka will represent the financial institution at the roundtable.

He told VOA the bank applauded the U.S. president’s efforts to encourage more private American investment in Africa.

“I think this is a very good beginning because for far too long the rich world interacted with Africa through the prism of foreign aid: how it can help Africa, how it can do things for Africa.  I think this kind of conversation that begins with, ‘Wait a minute, what can we do together?  What are the opportunities, what are the obstacles, how can we together go around them is something which I think is very important at this time,” said Kaberuka.

The African Development Bank is partnering with the United States on a new presidential initiative to improve Africa’s electric power capacity and networks.

The plan, called “Power Africa,” is worth $8 billion during the next five years, according to the African Development Bank, and focuses on six countries: Tanzania, Ethiopia, Kenya, Ghana, Nigeria and Liberia.

Kaberuka said this kind of project could help African economies diversify and shake a reliance on natural resources.

“If we can resolve the power problem, this will make industry happen there, that is what will add value to what we produce, instead of simply exporting oil and gas,” he said.

Before the business event, President Obama is scheduled to hold bilateral talks with Tanzanian President Jakaya Kikwete.

Tanzania is a major recipient of U.S. aid, much of it in the form of a $700 million Millennium Challenge Corporation compact for improving infrastructure in the country, the largest amount ever awarded by the agency.

Meanwhile, a public-opinion survey released Friday from the U.S.-based Gallup poll shows U.S. approval ratings have declined in the countries Obama is visiting on his tour of Africa. 

According to the survey, 70 percent of Tanzanians approve of U.S. leadership, which is down from 89 percent approval in 2009, when Obama first took office.

You May Like

Photogallery Kyiv: Russian Forces Tightening Grip on East

And new United Nations report documents human rights abuses committed by both sides in conflict More

Locust Swarms Fill Antananarivo Skies

FAO-led control efforts halted plague More

South Africa’s Plan to Move Rhinos May Not Stop Poaching

Experts say international coordination needed to follow the money trail and bring down rhino horn kingpins More

This forum has been closed.
Comment Sorting
Comments
     
by: Gadema Quoquoi from: New York City
June 30, 2013 2:09 PM
President Obama's Africa Visit can benefit both Africa and American Investors/firms. Africa is the richest Continent in Natural Resources. It already has over 320 middle class. Increased American nvestments now in Africa, means there will be more middle class, increasing the Africans' buying power.

Gadema Quoquoi
President & CEO
COMPULINE INTERNATIONAL, INC.

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Ebola Vaccine Trials To Begin Next Weeki
X
August 29, 2014 2:18 AM
The National Institutes of Health says it is launching early stage trials of a vaccine to prevent the Ebola virus, which has infected or killed thousands of people across West Africa. The World Health Organization says Ebola could infect more than 20,000 people across the region by the time the outbreak is over. The epidemic has health experts and governments scrambling to prevent more people from becoming infected. Zlatica Hoke has more.
Video

Video Ebola Vaccine Trials To Begin Next Week

The National Institutes of Health says it is launching early stage trials of a vaccine to prevent the Ebola virus, which has infected or killed thousands of people across West Africa. The World Health Organization says Ebola could infect more than 20,000 people across the region by the time the outbreak is over. The epidemic has health experts and governments scrambling to prevent more people from becoming infected. Zlatica Hoke has more.
Video

Video Asian Bacteria Threatens Florida Orange Trees

Florida's citrus fruit industry is facing a serious threat from a bacteria carried by the Asian insect called psyllid. The widespread infestation again highlights the danger of transferring non-native species to American soil. VOA’s George Putic reports.
Video

Video Aging Will Reduce Economic Growth Worldwide in Coming Decades

The world is getting older, fast. And as more people retire each year, fewer working-age people will be there to replace them. Bond rating agency Moody’s says that will lead to a decline in household savings; reducing global investments - which in turn, will lead to slower economic growth around the world. But experts say it’s not too late to mitigate the economic impact of the world’s aging populations. Mil Arcega has more.
Video

Video Is West Doing Enough to Tackle Islamic State?

U.S. President Barack Obama has ruled out sending ground troops to Iraq to fight militants of the so-called Islamic State, or ISIS, despite officials in Washington describing the extremist group as the biggest threat the United States has faced in years. Henry Ridgwell reports from London on the growing uncertainty over whether the West’s response to ISIS will be enough to defeat the terrorist threat.
Video

Video Pachyderms Play Polo to Raise Money for Elephants

Polo, the ancient team competition typically played on horseback, is known as the “sport of kings.” However, the royal version for one annual event in Thailand swaps the horse for the kingdom’s national symbol - the elephant. VOA Correspondent Steve Herman in Samut Prakan reports that the King’s Cup Elephant Polo tournament is all for a good cause.
Video

Video Coalition to Fight Islamic State Could Reward Assad

The United States along with European and Mideast allies are considering a broader assault against Islamic State fighters who have spread from Syria into Iraq and risk further destabilizing an already troubled region. But as VOA State Department Correspondent Scott Stearns reports, confronting those militants could end up helping the embattled Syrian President Bashar al-Assad.
Video

Video Made in America Socks Get Toehold in Online Fashion Market

Three young entrepreneurs are hoping to revolutionize the high-end sock industry by introducing all-American creations of their own. And they’re doing most of it the old-fashioned way. VOA’s Julie Taboh recently caught up with them to learn what goes into making their one-of-a-kind socks.
Video

Video Americans, Ex-Pats Send Relief Supplies to West Africa

Health organizations from around the world are sending supplies and specialists to the West African countries that are dealing with the worst Ebola outbreak in history. On a smaller scale, ordinary Americans and African expatriates living in the United States are doing the same. VOA's Carol Pearson reports.
Video

Video America's Most Popular Artworks Displayed in Public Places

Public places in cities across America were turned into open-air art galleries in August. Pictures of the nation’s most popular artworks were displayed on billboards, bus shelters, subway platforms and more. The idea behind “Art Everywhere,” a collaborative campaign by five major museums is to allow more people to enjoy art and learn about the country’s culture and history. Faiza Elmasry has more.
Video

Video Chinese Doctors Use 3-D Spinal Implant

A Chinese boy suffering from a debilitating bone disease has become the first patient with a part of his spine created in a three-dimensional printer. Doctors say he will soon regain normal mobility. VOA’s George Putic reports.
Video

Video India’s Leprosy Battle Stymied by Continuing Stigma

Medical advancements in the treatment of leprosy have greatly diminished its impact around the world, largely eliminating the disease from most countries. India made great strides in combating leprosy, but still accounts for a majority of the world’s new cases each year, and the number of newly infected Indians is rising - more than 130,000 recorded last year. Doctors there say the problem has more to do with society than science. Shaikh Azizur Rahman reports from Kolkata.
Video

Video Scientists Unlock Mystery of Bird Flocks

How can flocks of birds, schools of fish or herds of antelope suddenly change direction -- all the individuals adjusting their movement in concert, at seemingly the same time? British researchers now have some insights into this behavior, which has puzzled scientists for a long time. VOA's George Putic has more.

AppleAndroid