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  • Obama Announces $33B in Commitments for Africa

    Posted on :Wednesday , 6th August 2014

     Seeking to strengthen America's financial foothold in Africa, President Barack Obama announced $33 billion in commitments Tuesday aimed at shifting U.S. ties with Africa beyond humanitarian aid and toward more equal economic partnerships.

     
    The bulk of the commitments came from private-sector companies, including Coca-Cola and General Electric, underscoring Afri. . .

  • Africa\'s economy growing; U.S. wants to bolster partnerships

    Posted on :Wednesday , 6th August 2014

    They export BMWs and birdseed and plenty in between. Their middle class is growing fast enough to draw the likes of Marriott and Walmart. China, Europe, Japan and the U.S. are vying to build roads and power plants there.

    No longer is sub-Saharan Africa - long a symbol of war, famine and corruption - an economic basket case. Six of the world’s fastest-growing economies are t. . .

  • Coca-Cola To Invest $5 Billion In Africa To Unlock Growth Potential

    Posted on :Wednesday , 6th August 2014

    The Coca-Cola Company (KO), along with its bottling partners, will invest $5 billion in Africa over the next six years. This will bring Coca-Cola’s total investment in the continent to $17 billion –from 2010 to 2020-. The latest announcement was made in the US-Africa Leaders’ Summit.

    The investment will be used to fund new manufacturing lines, cooling and distri. . .

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