Obama Announces More Corporate Investments In Africa

President Obama announced Tuesday that private companies are providing an additional $12 billion in aid to the administration�s electrification program for Africa, while U.S. firms will invest more than $14 billion on the continent in sectors including banking, construction and information technology. The new pledges � which came during a day-long program at the U.S.-Africa Leaders Summit focused on business opportunities, trade and development � reflect some of the most concrete outcomes of this week�s gathering of nearly 50 African heads of state and government in the District.