Biden Touts Billions in US-Africa Deals at Summit of 50 African Delegations
The current situation of some countries in the African continent is not so good. Among the countries of the African continent, the economic condition of some other countries like Uganda, Kenya, and Ghana is not very good. People of the country are deprived of their various needs due to their economic condition.
Africa is known as the poorest continent in the world. Where there are more poor than rich. Although Africa has abundant mineral resources under its soil, there is strong manpower. Still, the first 10 countries on the list of the world’s poorest countries are from Africa. It also has a lot of history behind it. Sectarianism, riots, political instability, corruption, and terrorism are involved. Natural disasters, civil wars, refugee crises, economic crises, and terrorism are affecting the African continent today.
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About the Character
President Joe Biden says he is serious about Africa’s success and has a serious plan to move the continent forward. Africa’s economic transition depends on good governance, healthy populations, and reliable and affordable energy. These things are business. As they seek to invest, they attract new opportunities and they launch new partnerships, and the United States is committed to supporting each aspect.
To create the best possible environment for inclusive growth in Africa and sustainable commercial engagement between African companies and American companies.
On the second day of the three-day US Africa Leaders’ Summit on Africa’s future, the United States focused on one issue, and that is the money every African country needs. US officials announced that they will give $55 billion to African countries over the next three years. Most of which will be directed toward health and climate projects. On Tuesday, Biden also announced an agreement between the United States and the new African Continental Free Trade Area. A range of other bilateral agreements he said would unlock economic growth in the world’s fastest-growing continent, and he said the United States was taking the relationship online by working with Congress to invest $350 million in what he called digital transformation with Africa.
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About the video
Voice of America (VOA) is the largest U.S. international broadcaster, providing news and information in more than 40 languages to an estimated weekly audience of 236.8 million people. VOA produces content for digital, television, and radio platforms. It is easily accessed via your mobile phone and on social media. It is also distributed by satellite, cable, FM, and MW, and is carried on a network of approximately 3,000 affiliate stations.
U.S. President Joe Biden enumerated billions of dollars worth of U.S. investments in Africa in remarks to African leaders and the continent’s business community at a three-day summit. VOA White House correspondent Anita Powell reports from the U.S.-Africa Leaders’ Summit in Washington.
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Some of the comments
Some of these comments are given below.
Pleasant Turtle
It’s about creating more USD-based debt in Africa so that we can harvest natural resources with our printed funny money. Their debt can’t be paid off with printed currency, but with dollars, they acquire through trade into US markets.
C W
I’m all for helping people but I live in LA and there is a homeless epidemic. Let’s help them get off the streets before helping other countries, please.
Frank Castle
Nothing like history repeating itself.
Richard Clarkson
We have 55 billion for them, but we let our veterans suffer. We let people go without healthcare. We allow children to go hungry at school. What gives….?
Sturdy Thorpe
This literally means hardworking American taxpayers are going to be forced to throw their money into the African abyss. Had to cheat him to beat him. So now Joe is fulfilling his latest quid pro quo promise.
Talley ho
Lord helps us he’s more worried about other countries than the one he’s in charge of… God help us all!
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Conclusion
Despite the political unrest, Ethiopia and Rwanda are doing quite well in improving the health and quality of life of the people. Maybe one day leaving behind this old poverty and neglected life, Africa will also come forward in the list of the world’s most prosperous countries.
So much interest from US investors in African countries is really exciting. It is through these investors that the economic conditions of neglected African countries can be expected to improve.
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