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African aid and investment

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Trade, not just aid

So does evidence of galloping economies and prolonged political stability in countries across Africa, a point emphasized repeatedly at the Washington gathering hosted by America's first African American president.

However, the summit also showed the difficulty that African leaders have getting a handle on the security issue. At a session Tuesday, the leaders of Tanzania and Tunisia initially argued over the scope of the problem.

Overall, international trade and aid to Africa have increased in recent years after slowing due to the global recession.

Six of the world's fastest developing economies are in Africa. Burgeoning middle classes offer growing markets for foreign goods.

African leaders fight negative perceptions

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Nike Sweater Waterproof

Obama got a dig in at China about that, telling his African visitors that the United States would be a responsible partner.

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China ahead

According to the African Economic Outlook put out by a consortium of international organizations, the total amount of external money flowing to the continent was expected to exceed $200 billion in 2013.

At the same time, new security concerns over Islamist extremists such as al Shabaab in Somalia and Boko Haram in Nigeria raise questions about future risk for investors. "The United States will provide additional equipment to African peacekeepers in Somalia and the Central African Republic. We will support Nike Jackets Grey

Nike Sweater Waterproof

Nike Sweater Waterproof

epicenter of neighbors Sierra Leone, Liberia and Guinea.

In some African countries, governments and local communities have chafed at resulting environmental harm and the use of imported Nike Tracksuit Dark Blue

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The report showed government aid slowing while direct business investment, portfolio investment and remittances money sent to home countries by Africans living abroad grew at faster clips.

"We don't look to Africa simply for its natural resources; we recognize Africa for its greatest resource, which is its people and its talents and their potential," he said Tuesday to applause. "We don't simply want to extract minerals from the ground for our growth; we want to build genuine partnerships that create jobs and opportunity for all our peoples and that unleash the next era of African growth."

President Barack Obama emphasized the same point on Wednesday, declaring that "we are here to take action concrete steps to build on Africa's progress and forge the partnerships of equals that we seek."

To Senegalese President Macky Sall, the summit "should allow us to confirm the change of perspective towards a vision of Africa" from a continent that "used to need aid."

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The two events this week juxtaposed the Nike Sweater Waterproof best and worst of Africa at a time when its leaders want to move, finally, past perceptions of a "dark continent" rife with war, poverty and disease.

He cited the evolving perception chronicled by The Economist, which ran a May 2000 cover with a picture of a gun toting African above the phrase "the hopeless continent." Eleven years later, the same magazine's cover heralded "Africa rising."

Those problems exist, as demonstrated by the Ebola crisis threatening to spread beyond the Nike Long Sleeve Dri Fit

African leaders told Obama that the United States needed to catch up with other foreign investors on their continent especially China.

Leaders who once came seeking aid now make deals for trade, citing statistics to boost their case.

the African Union's efforts to strengthen its peacekeeping institutions. missions."

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He announced more money for Africa, both aid and investment: $12 billion more for an existing program to provide electricity in sub Saharan Africa, and $14 billion from companies including Coca Cola, Marriott, General Electric and Blackstone.

For the past two decades, Beijing has poured billions into Africa for roads, bridges, mines and other development needed to extract natural resources sent back home and elsewhere.

"Africa is more secure today than it was many years ago," said Tanzanian President Jakaya Kikwete, at the same time acknowledging that troubles continue with al Qaeda affiliated Al Shabaab. "From time to time they will bomb this, ignite a bomb there."

Chinese labor instead of local workers.

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Nike Sweater Waterproof

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