Aug 5, 2014 6:28 AM
WASHINGTON (AP) - President Barack Obama is announcing $14 billion in commitments by U.S. businesses to invest in the continent of Africa.
Obama plans to make the announcement Tuesday at the U.S.-Africa Business Forum in Washington. The forum is bringing together African heads of state and American business leaders to find ways to boost economic ties. It comes on the second day of a U.S.-Africa summit involving nearly 50 African heads of state.
The White House says the investments include industries like construction, banking, information technology and energy.
Former New York Mayor Michael Bloomberg and Commerce Secretary Penny Pritzker are also participating in the forum, along with companies like Chevron, IBM and Mastercard.
Obama plans to host the heads of state for dinner on the South Lawn of the White House Tuesday evening.
(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
5 hours ago
Do you have a tip, information about a breaking news story, or a story idea for 6 Investigates? Contact the KRIS 6 News Desk at 361-884-6666 or send us an email.
Send us your feedback. We want to hear from you!
Look at photos and videos and share them!
|KRISTV.COM Mobile Website
Get KRISTV.com on your mobile or PDA!
|KRISTV.COM Mobile Apps
Get our mobile apps on your mobile or PDA!
See the latest winning numbers!
|6 News Team
Read about your favorite KRIS-TV personalities!
|FCC Online Public File
FCC Public File of Records, Reports, and more