President Obama announced billions of dollars in new public and private investment in Africa’s rapidly growing markets — on everything from construction to banking to clean energy infrastructure — at the U.S.-Africa Leaders Summit in Washington, PBS reports. Gwen Ifill (above) talks to Chris Fomunyoh of the National Democratic Institute and Torek Farhadi International Trade Centre about the growing partnership.
A wave of attachment to democratic governance across Africa has given the continent a face-lift, says Fomunyoh:
Obviously, the narrative still needs to be fully written. And there are still countries that are struggling both in terms of economic development, as well as with democratization and putting in place institutions that can really guarantee that a lot of this worth that is generated through trade and investment can actually be spread to the African populations that really need it the most.
However, when you look back at what has transpired in the continent in the last 10 — in the past 10 to 15 years, there’s been a lot of — there’s a success story that can be told for most of Africa
NDI is one of the core institutes of the National Endowment for Democracy.