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

How to Safeguard Your Mobile Privacy

As the digital world becomes more mobile, so too do concerns about eroding privacy and increased hacking More

'Desert Dancer' Chronicles Iranian Underground Dance Troupe

Film by Richard Raymond is based on true story of Afshin Ghaffarian and his friends More

Obesity Poses Complex Problem

Professor warns of obesity’s worldwide health impact 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.
Rolling Thunder Run Reveals Changed Attitudes Towards Vietnam Wari
X
Katherine Gypson
May 25, 2015 1:32 AM
For many US war veterans, the Memorial Day holiday is an opportunity to look back at a divisive conflict in the nation’s history and to remember those who did not make it home.
Video

Video Rolling Thunder Run Reveals Changed Attitudes Towards Vietnam War

For many US war veterans, the Memorial Day holiday is an opportunity to look back at a divisive conflict in the nation’s history and to remember those who did not make it home.
Video

Video Female American Soldiers: Healing Through Filmmaking

According to the United States Defense Department, there are more than 200-thousand women serving in the U.S. Armed Forces.  Like their male counterparts, females have experiences that can be very traumatic.  VOA's Bernard Shusman tells us about a program that is helping some American women in the military heal through filmmaking.
Video

Video Iowa Family's Sacrifice Shaped US Military Service for Generations

Few places in America have experienced war like Waterloo. This small town in the Midwest state of Iowa became famous during World War II not for what it accomplished, but what it lost. As VOA’s Kane Farabaugh reports, the legacy of one family’s sacrifice is still a reminder today of the real cost of war for all families on the homefront.
Video

Video On Film: How Dance Defies Iran's Political Oppression

'Desert Dancer' by filmmaker Richard Raymond is based on the true story of a group of young Iranians, who form an underground dance troupe in the Islamic Republic of Iran. This is the latest in a genre of films that focus on dance as a form of freedom of expression against political oppression and social injustice. VOA’s Penelope Poulou has more.
Video

Video Turkey's Ruling Party Trying to Lure Voters in Opposition Stronghold

Turkey’s AK (Justice and Development) Party is seeking a fourth successive general election victory, with the goal of securing two-thirds of the seats in Parliament to rewrite the constitution and change the country's parliamentary system into a presidential one. To achieve that, the party will need to win seats in opposition strongholds like the western city of Izmir. Dorian Jones reports.
Video

Video Millions Flock to Ethiopia Polls

Millions of Ethiopians cast their votes Sunday in the first national election since the 2012 death of longtime leader Meles Zenawi. Mr. Meles' party, the Ethiopian People's Revolutionary Democratic Front, is almost certain of victory again. VOA's Anita Powell reports from Addis Ababa.
Video

Video Scientists Testing Space Propulsion by Light

Can the sun - the heart of our solar system - power a spacecraft to the edge of our solar system? The answer may come from a just-launched small satellite designed to test the efficiency of solar sail propulsion. Once deployed, its large sail will catch the so-called solar wind and slowly reach what scientists hope to be substantial speed. VOA’s George Putic reports.
Video

Video FIFA Trains Somali Referees

As stability returns to the once lawless nation of Somalia, the world football governing body, FIFA, is helping to rebuild the country’s sport sector by training referees as well as its young footballers. Abdulaziz Billow has more from Mogadishu.
Video

Video With US Child Obesity Rates on the Rise, Program Promotes Health Eating

In its fifth year, FoodCorps puts more than 180 young Americans into 500 schools across the United States, where they focus on teaching students about nutrition, engaging them with hands-on activities, and improving their access to healthy foods whether in the cafeteria or the greater community. Aru Pande has more.
Video

Video Virginia Neighborhood Draws People to Nostalgic Main Street

In the U.S., people used to grow up in small towns with a main street lined by family-owned shops and restaurants. Today, however, many main streets are worn down and empty because shoppers have been lured away by shopping malls. But in the Del Ray neighborhood of Alexandria, Virginia, main street is thriving. VOA’s Deborah Block reports it has a nostalgic feel with its small restaurants and unique stores.

VOA Blogs