(WASHINGTON) — President Obama announced $14 billion in U.S. commitments to invest in Africa on Tuesday, continuing a three-day African Summit in Washington, D.C. to bring together business leaders and politicians.
“As president, I’ve made it clear that the United States is determined to be a partner in Africa’s success,” Obama said. “A good partner, an equal partner, and a partner for the long term.”
The commitment from U.S. companies is expected to go toward building Africa’s power grid, communications industry, and the banking sector. The president called on Republicans to aid in the initiative.
“I would be remiss if I did not add that House Republicans can help by reauthorizing the export-import bank,” Obama added. “That is the right thing to do.”
Summit attendees included former President Bill Clinton, who spoke on the health crisis overseas.
“Our thoughts are with the leaders of Liberia, Guinea, and Sierra Leone, who could not be here today because they have to stay home to deal with the Ebola outbreak and we wish them well,” Clinton said.
Copyright 2014 ABC News Radio
Paula Newton, CNN Newswire
Shimon Prokupecz, CNN