President Obama at the U.S.- Africa Leaders Summit

President Obama spoke yesterday at the U.S.- Africa Leaders Summit in Washington, D.C. (video courtesy of Politico.com), announcing that the U.S. government, World Bank and businesses will invest a combined $33 billion in Africa's economy. Obama said the United States will finance $7 billion in business exports and investments in Africa, while U.S. companies have inked $14 billion in deals with the continent, and the World Bank, Sweden and private sources have pledged another $12 billion in funding for Obama's Power Africa energy initiative, bringing the electrification program's total funding to $26 billion.

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The New Era for Business In Africa: Bloomberg TV

From Bloomberg TV: Foreign investment in African economies will reach a record $80 billion in 2014 with many U.S. companies leading the way. American companies continue to partner with their African counterparts to drive growth, yet significant business and financial opportunities remain untapped. This session explores the future of U.S.-African partnerships and identifies new ways to strengthen business ties and enable greater economic progress. Welcoming the panel is Ashish J. Thakkar, Founder and Managing Director, Mara Group. The group moderator is The Honorable William Jefferson Clinton, Founder of the Clinton Foundation and the 42nd President of the United States. Panelists include Aliko Dangote - President and CEO, Dangote Group, Jeff Immelt - CEO, General Electric, Andrew N. Liveris - President, Chairman & CEO, The  Dow Chemical Company, Phuti Mahanyele - CEO, Shanduka Group, and Doug McMillon, President and CEO, Wal-Mart Stores, Inc.

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We Know Africa: From Cairo to Cape Town

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Pritzker, Bloomberg See Deals at U.S.-Africa Forum: Bloomberg TV

From Bloomberg TV: U.S. Commerce Secretary Penny Pritzer and former New York City Mayor Michael Bloomberg spoke today in Washington, D.C., with Bloomberg TV's Hans Nichols about opportunities for U.S. investment in Africa, the outlook for corporate dealmaking in the region and the U.S.-Africa Business Forum. (Be patient - 15 second ad will proceed video.)

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We Know Africa: From Cairo to Cape Town

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Investing in Africa Becomes Attractive: USA Today

(Photo: Gwenn Dubourthoumieu, AFP/Getty Images)

"As Africa's economies gain momentum, democratic governments take hold and the continent's young population grows wealthier, investing there is becoming both easier and more attractive to international investors," writes Hadley Malcolm in today's edition of USA TODAY's MONEY section. Click through to read the full article: Investing in Africa Becomes Attractive.

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820

GE Plans $2 Billion Africa Spending: Bloomberg

General Electric's Chairman & CEO, Jeffrey Immelt

General Electric Co. (GE) will invest about $2 billion in African nations by 2018 and regards the continent as its most promising growth region, as reported today by Bloomberg (click through for full coverage).

The money will be spent building new infrastructure projects, training local workers and improving regional supply chains among other activities, the Fairfield, Connecticut-based company said in a statement today. GE already supplies trains for Nigeria’s rail network and aircraft engines for Kenya Airways Ltd.

“We remain a committed partner to Africa’s sustainable growth,” said Jeff Immelt, GE’s chairman and chief executive officer. The company has “great momentum in Africa and other developing regions.”

Nile Capital Management

We Know Africa: From Cairo to Cape Town

For more information please call 646-367-2820