Tigrai Onlne - August 06, 2014
The US-Africa summit is underway in Washington DC. The unprecedented summit has brought 50 African presidents and prime ministers to the USA to discuss business, investment and security between and the United States. President Barack Obama who his father was from the African country of Kenya is the first US president to bring with many African leaders at once.
Some African leaders weren’t invited because of their relationship with the United States of America. The Eritrean dictator Isaiass Afworki was not invited to the US-Africa Summit because of his destructive and destabilizing role in the Horn of Africa. In addition the tiny nation of Eritrea is most repressive in the world. The leaders of Eritrea are under investigation by the Security Council for gross human rights crimes. Other countries leaders that are not invited include Sudan, Zimbabwe and The Central African Republic.
Many American companies are expected to announce billions of dollars in investment in the sectors of energy, agriculture, power generation and other sectors.
The World Bank President Dr. Jim Kim announced at the US Africa Business Forum five billion USD financing for energy and power generation projects in six African countries. The six countries are : Ethiopia, Ghana, Kenya, Liberia, Nigeria, and Tanzania. Ethiopia would a good portion of the five billion dollars and Ethiopia can use it to complete any of the mega hydro electric projects under construction now.