The White House

Office of the Press Secretary

President Obama Announces Presidential Delegation to attend the Inauguration of His Excellency Juan Manuel Santos, President of the Republic of Colombia

President Barack Obama today announced the designation of a Presidential Delegation to Bogota, Colombia to attend the Inauguration of His Excellency Juan Manuel Santos, President of the Republic of Colombia on August 7, 2014.

The Honorable Thomas A. Shannon, Jr., Counselor of the Department of State, will lead the delegation.

Members of the Presidential Delegation:

  • The Honorable Kevin Whitaker, U.S. Ambassador to the Republic of Colombia, Department of State
  • The Honorable Ramona E. Romero, General Counsel, U.S. Department of Agriculture

 

Join a Twitter Q&A on the U.S.-Africa Leaders Summit

President Obama at the U.S.-Africa Business Forum

President Barack Obama takes the stage to deliver remarks at the U.S.-Africa Business Forum held at the Mandarin Oriental Hotel during the U.S. Africa Leaders Summit in Washington, D.C., Aug. 5, 2014. (Official White House Photo by Pete Souza)

Update: Ned Price, Assistant Press Secretary and Director for Strategic Communications, will be answering questions on @NSCPress.

Over the past couple of weeks, there's been a lot of activity in Washington focused around strengthening our economic and diplomatic ties with Africa. Last week, President Obama took part in a town hall for the Mandela Washington Fellowship for Young African Leaders, which is part of the President's Young African Leaders Initiative (YALI). And this week, the President hosted the U.S.-Africa Leaders Summit, which brought 50 African leaders to Washington, making it the largest event any U.S. President has held with African heads of state and government.

During the summit, the President highlighted Africa's impressive economic growth, and made clear that America will be a partner in its success -- "a good partner, an equal partner, and a partner for the long term." He also announced a series of steps that the United States is taking to boost trade and investments with Africa -- commitments from the private and public sectors which total some $33 billion.

This is an important step for both the United States and Africa -- and we want to spend a little more time talking about it with you this week. So Assistant Press Secretary and Director for Strategic Communications Ned Price is taking to Twitter to answer your questions. Tomorrow, August 7 at 2 p.m. ET, join Ned Price and the ONE Campaign for a Twitter Q&A on YALI and this week's U.S.-Africa Leaders Summit.

Related Topics: Economy, Foreign Policy

The White House

Office of the Press Secretary

Statement by the Chair of the U.S.-Africa Leaders Summit

Washington, D.C., August 4-6, 2014

I.                    Background

President Obama welcomed leaders from across the African continent to Washington, D.C., for a three-day U.S.-Africa Leaders Summit, the first of its kind.  The largest event any U.S. President has held with African heads of state and government, the Summit strengthened ties between the United States and one of the world’s most dynamic and fastest growing regions.

The Summit advanced our shared interests in increased U.S.-Africa trade and U.S. investment in Africa and highlighted America’s commitment to Africa’s security, its democratic development, and its people.  By enabling discussion of tangible actions that can be taken to deepen the U.S.-Africa partnership, the Summit fostered stronger ties between the United States and Africa.

The Summit theme, “Investing in the Next Generation,” reflected the common ambition that the people and government of the United States share with the people and governments of Africa to leave our nations better for future generations by making concrete gains in peace and security, good governance, and economic development. 

Based on extensive consultations and reflecting shared goals, Summit events included sessions on trade and investment, development, peace and security, and governance.  Other events enriched and informed the dialogue among heads of state and government, including the Young African Leaders Summit, the Civil Society Forum, the landmark U.S.-Africa Business Forum, and the African Growth and Opportunity Act (AGOA) Ministerial.  These events included a range of U.S. and African civil society, youth and business leaders and – underscoring a tradition of broad, bipartisan support for U.S. engagement with Africa – participation by Members of the U.S. Congress.  The Summit also included a day-long Spousal Program, hosted by First Lady Michelle Obama and former First Lady Laura Bush, that focused on the impact of investments in education, health, and public-private partnerships.

Leaders’ discussions centered on how to tackle shared challenges and accelerate progress in key areas: expanding trade and investment ties; creating educational and job opportunities for youth; accelerating and expanding our progress in promoting inclusive and sustainable development; intensifying cooperation on peace and security; and securing a better future for Africa’s next generation. 

II.                 Investing in Africa’s Future

Leaders discussed Africa’s potential as a new center of global growth that is creating more opportunities for its people than ever before.  Leaders also noted the challenge to ensure these gains are expanded and spread to benefit all of Africa’s people, which will create new markets and reinforce stability and democracy.

Leaders also agreed on the positive impacts that U.S.-Africa partnerships on public health have had on moving us closer to an AIDS-free generation, improving maternal-child health, dramatically reducing deaths from preventable disease, and moving people out of poverty.  They committed to redoubling efforts to control the outbreak of the Ebola virus in West Africa and, critically, working together to share expertise, as Africa moves towards the realization of the African Center for Disease Control and Prevention.

President Obama welcomed the progress made under the New Partnership for Africa’s Development (NEPAD) Comprehensive Africa Agriculture Development Programme (CAADP) and the commitments made to continue Africa’s leadership on food security, including those made for the African Union (AU) Year of Agriculture to triple agricultural trade in order to end hunger.  Leaders welcomed the announcement of new investment commitments to the New Alliance for Food Security and Nutrition, which has now mobilized more than $10 billion.  They pledged that agriculture, nutrition, and food security would remain high on their shared agenda and to redouble efforts to promote resilience in order to increase the capacity of vulnerable communities to withstand the impact of external shocks, including climate change, and to promote climate-smart agriculture and value-addition.

Leaders welcomed the success of Power Africa, and decided to intensify joint efforts to double access to electricity in Africa, including within the African Union’s Programme for Infrastructure Development in Africa (PIDA) Framework.  They emphasized the importance of regional power projects to fostering regional economic integration and the need to provide increased electricity through national grids and beyond the grid, particularly to remote and rural areas.  President Obama pledged $300 million in assistance per year to expand the reach of Power Africa in pursuit of a new, aggregate goal of 30,000 MW, and announced that Power Africa has now mobilized more than $26 billion.

Leaders decided to intensify efforts to increase intra-African trade, including through trade capacity building, regional integration, enabling the adoption of the legal and regulatory reforms that break down barriers to the free flow of goods and services, and improving Africa’s capacity to meet international standards.  President Obama announced the expansion of trade and investment platforms across the continent as well as additional trade capacity building assistance.

Leaders agreed on the importance of the prompt, long-term renewal of an enhanced African Growth and Opportunity Act (AGOA), and pledged to work together to increase its utilization by African countries.  Leaders also agreed on the importance of increasing U.S. investment in Africa and welcomed the announcements made at the U.S.-Africa Business Forum, including over $14 billion in new private sector deals.  President Obama announced $7 billion in new financing under the Doing Business in Africa Campaign that will support U.S. trade with and investment in Africa over the next two years.  Leaders pledged to take action to drive further investment and industrialization.

Leaders affirmed the importance of working together to ensure that negotiations on the post-2015 development agenda focus on clear, measurable goals and reflect the rich experience and commitments of developing countries and the spirit of partnership between our countries. President Obama welcomed the commitment and sincerity conveyed by Africa’s decision to develop a thoughtful and substantive Common African Position and their long-term vision outlined in “Agenda 2063: The Africa We Want.”

III.               Advancing Peace and Regional Stability

Leaders noted that, at the same time that Africa is growing economically, conflict, crime, and terrorism continue to threaten many communities and constrain the continent’s prosperity.  Thus, Leaders resolved to address the root causes of conflict and to enhance conflict prevention mechanisms and capacity-building for peacekeeping.  They also determined to confront an increasingly lethal and geographically expansive set of transnational security threats. 

Leaders agreed that Africa’s complex security challenges demand increased state capacity and regional solutions.  Various leaders noted the need to confront transnational threats, including terrorism, with holistic approaches employing development in addition to security tools, advancing religious tolerance and supporting community voices. 

The Summit afforded President Obama the opportunity to laud African leadership in responding to crises while reaffirming America’s commitment to be a strong partner in confronting peace and security challenges.  To further this cooperation, the United States committed to: a new initiative over the next three to five years to build the capacity of African militaries to rapidly deploy peacekeepers in response to emerging conflict; create a Security Governance Initiative to pursue a strategic approach to building capacity in partner military and civilian security institutions and match expanded investments with leadership to pursue reforms; and expand its work to support information sharing among regional partners.

IV.              Governing for the Next Generation

The theme of the Summit, “Investing in the Next Generation,” represented recognition of the fact that Leaders have the opportunity and responsibility to ensure their actions pave the way for the freedom, dignity, and prosperity of their citizens.  Leaders engaged in a forthright and constructive dialogue on critical issues of governance and pledged to sustain this dialogue.

Leaders agreed that efficient, effective, and transparent governance is vital to the well-being of citizens, to boost investor confidence, and to sustain economic growth.  They recognized that an active, empowered citizenry can contribute most effectively to the prosperity and well-being of their nations, and discussed the role of civil society, volunteerism, and public service.  They further agreed on the centrality of inclusive growth and protection of human rights that benefit all citizens and communities. 

Recognizing the losses to the continent and its people from illicit financial flows and corruption, Leaders decided to establish a joint high-level working group to develop a plan of action for further work in this area.

V.                Investing in Women for Peace and Prosperity

Recognizing that nations reach their full potential only when women and men enjoy equal opportunity and respect for their rights under the law, Leaders resolved to work toward fuller participation for women in government, the economic sphere, and civil society.  They determined to seek expanded roles for women in forging peace and security, and to augment efforts to protect women and girls from gender-based violence.  They decided to promote women’s economic empowerment by improving access to markets and capital and by strengthening legal systems to protect their rights and opportunities.  And understanding that education is one of the most effective ways to expand opportunities and life choices for girls and young women, they decided to seek to close education gaps between boys and girls.

To advance these goals, the United States announced commitments to further support women’s participation in peacebuilding activities, increase efforts to help women entrepreneurs launch and expand their businesses, and support parliamentary efforts to promote women’s rights.

VI.              Providing Skills and Opportunities to Youth

The “Investing in the Next Generation” theme provided Leaders with the opportunity to discuss how to create opportunities, promote skills development especially in science, technology, research and innovation, and generate jobs for youth so they can advance economic growth and build the strong civic and public institutions needed to achieve shared goals.  Leaders discussed how Africa’s youth are already shaping political, social, and economic realities – and can be the driving force behind economic prosperity, good governance, and peace and security. 

In anticipation of the Summit, President Obama hosted a town hall with participants in the Mandela Washington Fellowship for Young African Leaders to hear directly from young African entrepreneurs, civic leaders, and public servants.  President Obama announced the expansion of his Young African Leaders Initiative (YALI) to create regional leadership centers on the continent, an online network of educational tools (including to support professional and vocational education), the doubling of the Mandela Washington Fellowship, and expanded resources for entrepreneurs to further support leadership development, promote entrepreneurship, and connect young leaders with one another and the United States.

Various African Leaders announced commitments to further expand their investments in youth.  The African Union Commission committed to redoubling its efforts to advance educational opportunities through the Pan-African University; to carry forward the African Youth Charter by urging Member States to consider the African Youth Decade Plan of Action as a road map for implementation; and to propose for adoption by Member States a Declaration and Plan of Action on Employment, Poverty Eradication, and Inclusive Development, with a primary focus on youth and women, at the upcoming Extraordinary Summit of Heads of State and Governments of the African Union in Ouagadougou in September 2014. 

Benin has set up two business-type incubators and committed to recruiting 15,000 youth in 2015 to fill civil servant positions.  Burkina Faso announced a youth investment project involving 46,800 young men and women offered an opportunity to find sustainable jobs in the labor market.  Burundi recently established the Youth Employment Agency, which helps high school graduates obtain jobs and internships.  Cabo Verde will expand its current 20 youth centers to open one at each city and on every island in the country.  The Republic of the Congo has instituted the “Corps of Young Volunteers and Civil Service Trainees” to promote community service and civic education activities.  Cote d’Ivoire has declared 2014 a Year of Employment with special initiatives focused on youth, including a young entrepreneur’s competition.  Gabon has supported the creation of the Central African Economic and Monetary Community’s (CAEMC) “Train my Generation” Fund, which aims to support the training and employment of young people.  Guinea will host “The Guinea World Youth Congress” in December 2014.  Senegal included young leaders in its delegation to the U.S.-Africa Leaders Summit and will do the same for the G-20.  Seychelles will use a newly set-up fund to support young entrepreneurs to boost youth employment.  Somalia will launch a youth empowerment framework with key initiatives in job creation and youth representation in the government.  Tanzania announced the establishment of a “State House Fellows” program, modeled on the long-standing White House Fellows program in the United States, to identify, train, and provide high-level experience to the next generation of Tanzanian leaders. 

VII.           Conclusion

Leaders underscored their appreciation for the strong benefits and positive outcomes that deepened U.S.-Africa cooperation affords and reiterated the need for intensified cooperation to advance shared security interests and our common goals to increase prosperity for the United States and African countries and to advance the dignity, well-being, and freedom of our people.

Leaders underscored the importance of ensuring steady follow-up regarding the commitments made at the Summit and of further deepening the partnership between the United States and the people and governments of Africa, as well as coordination with the African Union.  President Obama announced that the U.S.-Africa Leaders Summit will be a recurring event.   

President Obama participates in the U.S.-Africa Leaders Summit Session

August 06, 2014 | 14:47 | Public Domain

President Obama takes part in the U.S.-Africa Leaders Summit Session on investing in Africa’s Future.

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Remarks by the President at Opening Session of the U.S.-Africa Leaders Summit

State Department
Washington, D.C.

10:17 A.M. EDT

PRESIDENT OBAMA:  Good morning, everyone.   Michelle and I were honored to host you and your wonderful spouses at dinner last night.  I hope people didn’t stay out too late.  The evening was a chance to celebrate the bonds between our peoples.  And this morning, we continue our work, and it’s my privilege to welcome you to this first-ever U.S.-Africa Leaders Summit. 

Let me also thank our Secretary of State, John Kerry, and everybody here at the State Department who’s hosting us today.  John and his team are doing outstanding work deepening our partnership with so many of your nations.  So, John, thank you for your outstanding work. 

I want to begin by welcoming President Conde of Guinea, and noting that two leaders were not able to join us -- President Sirleaf of Liberia and President Koroma of Sierra Leone.  We are grateful for the presence of their delegations, even as these countries are focused on a very difficult situation back home.  And on behalf of all of us here today, our thoughts and prayers are with those who’ve been affected by the Ebola outbreak, especially those who’ve lost loved ones. 

The United States and our international partners will continue to do whatever we can to help our African partners respond to this crisis and to stand with the people of Guinea, Liberia and Sierra Leone.  In their histories they’ve overcome great challenges, and they are drawing on that same spirit of strength and resilience today.

So we come together this week because, even as the continent faces significant challenges, as I said last night, I believe a new Africa is emerging.  With some of the world’s fastest-growing economies, a growing middle class, and the youngest and fastest-growing population on Earth, Africa will help shape the world as never before.

Moreover, Africa’s progress is being led by Africans, including leaders represented here today.  More governments are embracing economic reforms, attracting record levels of investment.  Gains in development, increasing agricultural production, declining rates in infectious diseases are being driven by African plans.  African security forces and African peacekeepers are risking their lives to meet regional threats.  A new generation of young Africans is making its voice heard.  

Africa’s rise means opportunity for all of us -- including the opportunity to transform the relationship between the United States and Africa.  As I said in Cape Town last year, it’s time for a new model of partnership between America and Africa -- a partnership of equals that focuses on African capacity to solve problems, and on Africa’s capacity to grow.  And that’s why we’re here.

To my fellow leaders, I want to thank you and your teams for helping us to shape our agenda today.  Our work can build on the valuable contributions already made this week by civil society groups, the private sector, young Africans, and -- at our first session of this summit -- our faith communities, which do so much to sustain the U.S.-Africa relationship.  Different though they may be, our faith traditions remind us of the inherent dignity of every human being and that our work as nations must be rooted in empathy and compassion for each other, as brothers and as sisters.

Today is an opportunity to focus on three broad areas where we can make progress together.

Number one, we have the opportunity to expand trade that creates jobs.  The new trade deals and investments I announced yesterday are an important step.  And today we can focus on what we can do, as governments, to accelerate that investment -- economic and regulatory reforms, regional integration, and development so that growth is broad-based, especially among women, who must be empowered for economies to truly flourish.

Second, we have the opportunity to strengthen the governance upon which economic growth and free societies depend.  Today we can focus on the ingredients of progress:  rule of law, open government, accountable and transparent institutions, strong civil societies, and respect for the universal human rights of all people. 

And finally, we have the opportunity to deepen our security cooperation against common threats.  As I said, African security forces and African peacekeepers are in the lead across the continent.  As your partner, the United States is proud to support these efforts.  And today, we can focus on how we can continue to strengthen Africa’s capacity to meet transitional threats -- transnational threats, and in so doing make all of our nations more secure.  

So, in short, we are here not just to talk.  We are here to take action -- concrete steps to build on Africa’s progress and forge the partnerships of equals that we seek; tangible steps to deliver more prosperity, more security, and more justice to our citizens.  So, to my fellow leaders, again, thank you so much for being here.  I look forward to our work together today.

And at this point, I want to invite President Aziz of Mauritania, the current Chairman of the African Union, to say a few words.

President Aziz.

END
10:24 A.M. EDT

Close Transcript

The White House

Office of the Press Secretary

Remarks by the President at Opening Session of the U.S.-Africa Leaders Summit

State Department
Washington, D.C.

10:17 A.M. EDT

PRESIDENT OBAMA:  Good morning, everyone.   Michelle and I were honored to host you and your wonderful spouses at dinner last night.  I hope people didn’t stay out too late.  The evening was a chance to celebrate the bonds between our peoples.  And this morning, we continue our work, and it’s my privilege to welcome you to this first-ever U.S.-Africa Leaders Summit. 

Let me also thank our Secretary of State, John Kerry, and everybody here at the State Department who’s hosting us today.  John and his team are doing outstanding work deepening our partnership with so many of your nations.  So, John, thank you for your outstanding work. 

I want to begin by welcoming President Conde of Guinea, and noting that two leaders were not able to join us -- President Sirleaf of Liberia and President Koroma of Sierra Leone.  We are grateful for the presence of their delegations, even as these countries are focused on a very difficult situation back home.  And on behalf of all of us here today, our thoughts and prayers are with those who’ve been affected by the Ebola outbreak, especially those who’ve lost loved ones. 

The United States and our international partners will continue to do whatever we can to help our African partners respond to this crisis and to stand with the people of Guinea, Liberia and Sierra Leone.  In their histories they’ve overcome great challenges, and they are drawing on that same spirit of strength and resilience today.

So we come together this week because, even as the continent faces significant challenges, as I said last night, I believe a new Africa is emerging.  With some of the world’s fastest-growing economies, a growing middle class, and the youngest and fastest-growing population on Earth, Africa will help shape the world as never before.

Moreover, Africa’s progress is being led by Africans, including leaders represented here today.  More governments are embracing economic reforms, attracting record levels of investment.  Gains in development, increasing agricultural production, declining rates in infectious diseases are being driven by African plans.  African security forces and African peacekeepers are risking their lives to meet regional threats.  A new generation of young Africans is making its voice heard.  

Africa’s rise means opportunity for all of us -- including the opportunity to transform the relationship between the United States and Africa.  As I said in Cape Town last year, it’s time for a new model of partnership between America and Africa -- a partnership of equals that focuses on African capacity to solve problems, and on Africa’s capacity to grow.  And that’s why we’re here.

To my fellow leaders, I want to thank you and your teams for helping us to shape our agenda today.  Our work can build on the valuable contributions already made this week by civil society groups, the private sector, young Africans, and -- at our first session of this summit -- our faith communities, which do so much to sustain the U.S.-Africa relationship.  Different though they may be, our faith traditions remind us of the inherent dignity of every human being and that our work as nations must be rooted in empathy and compassion for each other, as brothers and as sisters.

Today is an opportunity to focus on three broad areas where we can make progress together.

Number one, we have the opportunity to expand trade that creates jobs.  The new trade deals and investments I announced yesterday are an important step.  And today we can focus on what we can do, as governments, to accelerate that investment -- economic and regulatory reforms, regional integration, and development so that growth is broad-based, especially among women, who must be empowered for economies to truly flourish.

Second, we have the opportunity to strengthen the governance upon which economic growth and free societies depend.  Today we can focus on the ingredients of progress:  rule of law, open government, accountable and transparent institutions, strong civil societies, and respect for the universal human rights of all people. 

And finally, we have the opportunity to deepen our security cooperation against common threats.  As I said, African security forces and African peacekeepers are in the lead across the continent.  As your partner, the United States is proud to support these efforts.  And today, we can focus on how we can continue to strengthen Africa’s capacity to meet transitional threats -- transnational threats, and in so doing make all of our nations more secure.  

So, in short, we are here not just to talk.  We are here to take action -- concrete steps to build on Africa’s progress and forge the partnerships of equals that we seek; tangible steps to deliver more prosperity, more security, and more justice to our citizens.  So, to my fellow leaders, again, thank you so much for being here.  I look forward to our work together today.

And at this point, I want to invite President Aziz of Mauritania, the current Chairman of the African Union, to say a few words.

President Aziz.

END
10:24 A.M. EDT

The White House

Office of the Press Secretary

Toast Remarks by the President at U.S.-African Leaders Summit Dinner

South Lawn

9:02 P.M. PDT

THE PRESIDENT:  Good evening, everybody.  Please have a seat.  On behalf of Michelle and myself, welcome to the White House.  This city, this house, has welcomed foreign envoys and leaders for more than two centuries.  But never before have we hosted a dinner at the White House like this, with so many Presidents, so many Prime Ministers all at once.  (Applause.)   So we are grateful for all the leaders who are in attendance.  We are grateful to the spouses.  I think the men will agree that the women outshine us tonight in the beautiful colors of Africa. 

Tonight we are making history, and it’s an honor to have all of you here.   

And I stand before you as the President of the United States and a proud American.  I also stand before you as the son of a man from Africa.  (Applause.)  The blood of Africa runs through our family.  And so for us, the bonds between our countries, our continents, are deeply personal.

We’re grateful for the ties of family.  Of all the incredible moments of our trips to Africa, one of the most memorable was being able to bring Michelle, and later our little girls, to my father’s hometown in Kenya, where we were embraced by so many relatives.

We’ve walked the steps of a painful past -- in Ghana, at Cape Coast Castle; in Senegal, at Gorée Island -- standing with our daughters in those doors of no return through which so many Africans passed in chains.  We’ll never forget bringing our daughters to Robben Island, to the cell from which Madiba showed the unconquerable strength and dignity of an African heart.

We’ve been inspired by Africans -- ordinary Africans doing extraordinary things.  Farmers boosting their yields, health workers saving lives from HIV/AIDS, advocates standing up for justice and the rule of law, courageous women asserting their rights, entrepreneurs creating jobs, African peacekeepers risking their lives to save the innocent.

And both of us stand in awe of the extraordinary young Africans that we’ve met, not only across Africa, but most recently here in Washington just last week when we hosted our Mandela Washington Fellows from many of your countries.  And those young people show the world that Africa has the talent and the drive to forge a new future.

These are the tides of history, and the ties of family, that bring us together this week.  These are the citizens who look to us to build a future worthy of their dreams -- especially those who dream of giving their children a future without war or injustice, without poverty or disease.  They are in our prayers tonight.

And also with us are the words of a song -- “New Africa” -- that have inspired so many across the continent, and that Michelle and I first heard last year in Senegal:

Come together, New Africa

Work together

Keep on working, for Africa 

And so I propose a toast to the New Africa -- the Africa that is rising and so full of promise -- and to our shared task to keep on working for the peace and prosperity and justice that all our people seek and that all our people so richly deserve. 

Cheers.  (A toast is offered.)

Enjoy your dinner, everybody.  (Applause.) 

END
9:08 P.M. EDT

President Obama Delivers Remarks at the U.S.-Africa Leaders Summit

August 05, 2014 | 44:43 | Public Domain

President Obama addresses the U.S.-Africa Leaders Summit Business Forum.

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Remarks by the President at the U.S.-Africa Business Forum

Mandarin Oriental Hotel
Washington, D.C.

3:20 P.M. EDT

THE PRESIDENT:   Thank you so much.  Thank you.  Please be seated.  Well, good afternoon, everybody.  To Mayor Bloomberg, thank you -- not only for the kind introduction, but to Bloomberg Philanthropies as our co-host, and for the great work that you’re doing across Africa to help create jobs, and promote public health, encourage entrepreneurship, especially women.  So thank you very much, Michael, for your leadership.  I want to thank our other co-host -- my great friend and tireless Commerce Secretary, Penny Pritzker.  (Applause.)  

I want to welcome all of our partners who are joining us from across Africa -- heads of state and government, and let me welcome the delegations from Sierra Leone, Liberia and Guinea, with whom we are working so urgently to control the Ebola outbreak and whose citizens are in our thoughts and prayers today.  I also want to welcome Madame Chairperson Dlamini-Zuma of the African Union Commission; President of the African Development Bank, Donald Kaberuka; as well as the President of the World Bank, Dr. Jim Kim.  Please give them all a round of applause.  (Applause.) 

And I want to acknowledge members of Congress who are here and who are such great champions of Africa’s engagement with -- America’s engagement with Africa.  In a city that does not always agree on much these days, there is broad bipartisan agreement that a secure, prosperous and self-reliant Africa is in the national interest of the United States.

And most of all, I want to thank all of you -- the business leaders, the entrepreneurs both from the United States and from across Africa who are creating jobs and opportunity for our people every day.  And I want to acknowledge leaders from across my administration who, like Penny, are your partners, including our U.S. Trade Representative, Mike Froman; USAID Administrator Raj Shah; and our new head of the Millennium Challenge Corporation, Dana Hyde; President of the Export-Import Bank, Fred Hochberg; Director of the U.S. Trade and Development Agency, Lee Zak; and our President and CEO of OPIC, Elizabeth Littlefield. 

So we are here, of course, as part of the U.S.-Africa Leaders Summit -- the largest gathering any American President has ever hosted with African heads of state and government.  And this summit reflects a perspective that has guided my approach to Africa as President.  Even as Africa continues to face enormous challenges, even as too many Africans still endure poverty and conflict, hunger and disease, even as we work together to meet those challenges, we cannot lose sight of the new Africa that’s emerging.

We all know what makes Africa such an extraordinary opportunity.  Some of the fastest-growing economies in the world.  A growing middle class.  Expanding sectors like manufacturing and retail.  One of the fastest-growing telecommunications markets in the world.  More governments are reforming, attracting a record level of foreign investment.  It is the youngest and fastest-growing continent, with young people that are full of dreams and ambition. 

Last year in South Africa, in Soweto, I held a town hall with young men and women from across the continent, including some who joined us by video from Uganda.  And one young Ugandan woman spoke for many Africans when she said to me, “We are looking to the world for equal business partners and commitments, and not necessarily aid.  We want to do [business] at home and be the ones to own our own markets.”  That’s a sentiment we hear over and over again.  When I was traveling throughout Africa last year, what I heard was the desire of Africans not just for aid, but for trade and development that actually helps nations grow and empowers Africans for the long term.

As President, I’ve made it clear that the United States is determined to be a partner in Africa’s success -- a good partner, an equal partner, and a partner for the long term.  (Applause.)  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.  (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.  That’s the kind of partnership America offers.

And since I took office, we’ve stepped up our efforts across the board.  More investments in Africa; more trade missions, like the one Penny led this year; and more support for U.S. exports.  And I’m proud -- I’m proud that American exports to Africa have grown to record levels, supporting jobs in Africa and the United States, including a quarter of a million good American jobs.

But here’s the thing:  Our entire trade with all of Africa is still only about equal to our trade with Brazil -- one country.  Of all the goods we export to the world, only about one percent goes to Sub-Saharan Africa.  So we’ve got a lot of work to do.  We have to do better -- much better.  I want Africans buying more American products.  I want Americans buying more African products.  I know you do, too.  And that’s what you’re doing today.  (Applause.)

So I’m pleased that in conjunction with this forum, American companies are announcing major new deals in Africa.  Blackstone will invest in African energy projects.  Coca-Cola will partner with Africa to bring clean water to its communities.  GE will help build African infrastructure.  Marriott will build more hotels.  All told, American companies -- many with our trade assistance -- are announcing new deals in clean energy, aviation, banking, and construction worth more than $14 billion, spurring development across Africa and selling more goods stamped with that proud label, “Made in America.”

And I don’t want to just sustain this momentum, I want to up it.  I want to up our game.  So today I’m announcing a series of steps to take our trade with Africa to the next level.

First, we’re going to keep working to renew the African Growth and Opportunity Act -- and enhance it.  (Applause.)  We still do the vast majority of our trade with just three countries -- South Africa, Nigeria and Angola.  It’s still heavily weighted towards the energy sector.  We need more Africans, including women and small- and medium-sized businesses, getting their goods to market.  And leaders in Congress -- Democrats and Republicans -- have said they want to move forward.  So I’m optimistic we can work with Congress to renew and modernize AGOA before it expires, renew it for the long term.  We need to get that done.  (Applause.)

Second, as part of our “Doing Business in Africa” campaign, we’re going to do even more to help American companies compete.  We’ll put even more of our teams on the ground, advocating on behalf of your companies.  We’re going to send even more trade missions.  Today, we’re announcing $7 billion in new financing to promote American exports to Africa.  Earlier today, I signed an executive order to create a new President’s advisory council of business leaders to help make sure we’re doing everything we can to help you do business in Africa.  (Applause.)

And I would be remiss if I did not add that House Republicans can help by reauthorizing the Export-Import Bank.  That is the right thing to do.  (Applause.)  I was trying to explain to somebody that if I’ve got a Ford dealership and the Toyota dealership is providing financing to anybody who walks in the dealership and I’m not, I’m going to lose business.  It’s pretty straightforward.  We need to get that reauthorized.  (Applause.)  And you business leaders can help make clear that it is critical to U.S. business. 

Number three, we want to partner with Africa to build the infrastructure that economies need to flourish.  And that starts with electricity, which most Africans still lack.  That’s why last year while traveling throughout the continent, I announced a bold initiative, Power Africa, to double access to electricity in Sub-Saharan Africa and help bring electricity to more than 20 million African homes and businesses. 

Now, we’ve joined with African governments, the African Development Bank, and the private sector -- and I will tell you, the response has exceeded our projections.  It has been overwhelming.  Already, projects and negotiations are underway that, when completed, will put us nearly 80 percent of the way toward our goal.  On top of the significant resources we’ve already committed, I’m announcing that the United States will increase our pledge to $300 million a year for this effort. 

And as of today -- including an additional $12 billion in new commitments being announced this week by our private sector partners and the World Bank and the government of Sweden -- we’ve now mobilized a total of more than $26 billion to Power Africa just since we announced it -- $26 billion.  (Applause.)  So today we’re raising the bar.  We decided we’re meeting our goal too easily, Zuma, so we’ve got to go up.  So we’re tripling our goal, aiming to bring electricity to more than 60 million African homes and businesses that can spark growth for decades to come.  (Applause.)

Fourth, we’ll do more to help Africans trade with each other, because the markets with the greatest potential are often the countries right next door.  And it should not be harder to export your goods to your neighbor than it is to export those goods to Los Angeles or to Amsterdam.  (Applause.)  So through our Trade Africa initiative, we’ll increase our investments to help our African partners build their own capacity to trade, to strengthen regional markets, make borders more efficient, modernize the customs system.  We want to get African goods moving faster within Africa, as well as outside of Africa.

And finally, we’re doing more to empower the next generation of African entrepreneurs and business leaders -- it’s young men and women, like our extraordinary Mandela Washington Fellows that I met with last week.  And I have to say to the heads of state and government, you would have been extraordinarily proud to meet these young people who exhibit so much talent and so much energy and so much drive. 

With new Regional Leadership Centers and online courses, we’re going to offer training and networking for tens of thousands of young entrepreneurs across Africa. New grants will help them access the capital they need to grow.  Our annual Global Entrepreneurship Summit this year will be held in Morocco.  Next year, it will be held for the first time in Sub-Saharan Africa -- because we want to make sure that all that talent is tapped and they have access to the capital and the networks and the markets that they need to succeed.  Because if they succeed, then the countries in which they live will succeed.  They’ll create jobs.  They’ll create growth.  They’ll create opportunity.

So the bottom line is the United States is making a major and long-term investment in Africa’s progress.  And taken together, the new commitments I’ve described today -- across our government and by our many partners -- total some $33 billion.  And that will support development across Africa and jobs here in the United States.  Up to tens of thousands of American jobs are supported every time we expand trade with Africa. 

As critical as all these investments are, the key to unlocking the next era of African growth is not going to be here in the United States, it’s going to be in Africa.  And so, during this week’s summit, we’ll be discussing a whole range of areas where we’re going to have to work together -- areas that are important in their own right, but which are also essential to Africa’s growth. 

Capital is one thing.  Development programs and projects are one thing.  But rule of law, regulatory reform, good governance -- those things matter even more, because people should be able to start a business and ship their goods without having to pay a bribe or hire somebody’s cousin.

Agricultural development is critical because it’s the best way to boost incomes for the majority of Africans who are farmers, especially as they deal with the impacts of climate change. 

Rebuilding a strong health infrastructure, especially for mothers and children, is critical because no country can prosper unless its citizens are healthy and strong, and children are starting off with the advantages they need to grow to their full potential. 

And we’re going to have to talk about security and peace, because the future belongs to those who build, not those who destroy.  And it’s very hard to attract business investment, and it’s very hard to build infrastructure, and it’s very hard to sustain entrepreneurship in the midst of conflict.

So I just want to close with one example of what trade can help us build together.  Kusum Kavia was born in Kenya; her family was originally from India.  Eventually, she emigrated to the United States and along with her husband started a small business in California.  It started off as a small engineering firm.  Then it started manufacturing small power generators.  With the help of the Export-Import Bank -- including seminars and a line of credit and risk insurance -- they started exporting power generators to West Africa.  In Benin, they helped build a new electric power plant.

And it’s ended up being a win-win for everybody.  It’s been a win for their company, Combustion Associates, because exports to Africa have boosted their sales, which means they’ve been able to hire more workers here in the United States.  They partner with GE; GE is doing well.  Most of their revenues are from exports to Africa.  It’s been a win for their suppliers in Texas and Ohio and New York.  It’s been a win for Benin and its people, because more electricity for families and businesses, jobs for Africans at the power plant because the company hires locally and trains those workers.  And they hope to keep expanding as part of our Power Africa initiative. 

So this is an example of just one small business.  Imagine if we can replicate that success across our countries. 

Kusum says, “When our customers see the label, ‘Made in America,’ when they see our flag, it puts us above all the competition.”  And her vision for their company is the same vision that brings us all here today.  She says, “We really want to have a long-term partnership with Africa.”  So Kusum is here.  I had a chance to meet her backstage.  Where is she?  Right there.  Stand up, Kusum.  So she’s doing great work.  Thank you so much.  (Applause.)

But she’s an example of what’s possible -- a long-term partnership with Africa.  And that’s what America offers.  That’s what we’re building.  That’s the difference we can make when Africans and Americans work together.  So let’s follow Kusum’s lead.  Let’s do even more business together.  Let’s tear down barriers that slow us down and get in the way of trade.  Let’s build up the infrastructure -- the roads, the bridges, the ports, the electricity -- that connect our countries.  Let’s create more and sell more and buy more from each other.  I’m confident that we can.  And when we do, we won’t just propel the next era of African growth, we’ll create more jobs and opportunity for everybody -- for people here in the United States and for people around the world.  

So thank you very much, everybody, for what so far has been an outstanding session.  And I’ve got the opportunity to speak to this young man.  (Applause.)

Q    So thank you very much, Mr. President for this opportunity.  I’ll start by wishing you a belated Happy Birthday.

THE PRESIDENT:  Thank you. 

Q    Thank you very much.  (Laughter.) 

THE PRESIDENT:  Have you introduced yourself to everybody?

Q    I wanted to really jump into the issues.  (Laughter.) 

THE PRESIDENT:  Yes, go ahead and introduce yourself. 

Q    All right.  I’m Takunda Chingonzo.  I’m a young entrepreneur.  I’m 21.  I’m from Zimbabwe.  And I’m working in the wireless technology space.  We’re essentially liberating the Internet for Zimbabweans.  (Applause.) 

THE PRESIDENT:  And let me just -- this is an example of our young African leaders; in fact, the youngest young African leader.  But one thing I will say, though, if you’re going to promote your business, you’ve got to make sure to let people know who you are.  (Laughter.)

Q    Definitely, definitely.

THE PRESIDENT:  Just a little tip. 

Q    Definitely.

THE PRESIDENT:  You can’t be shy, man.  (Laughter.)  Please, go ahead.

Q    That’s correct, Mr. President.  So I was really going to start by delving into a personal experience.  I was going to get to my business and how I got to where we are.

So as I was saying, we’re working in the technology space.  I’m working on my third startup -- it’s called Saisai.  We’re creating Zimbabwe’s first free Internet-access network, hence liberating the Internet.  So in our working, we came to a point in time where we needed to import a bit of technology from the United States, and so we were engaging in conversation with these U.S.-based businesses.  And the response that we got time and time again was that unfortunately we cannot do business with you because you are from Zimbabwe.  And I was shocked -- this doesn’t make sense.

And so this is the exact same experience that other entrepreneurs that are in Zimbabwe have gone through, even through the meetings that I’ve had here.  You know, you sit down with potential investors, you talk about the project, the outlook, the opportunity, the growth and all that -- and they’re excited, you can see.  All systems are firing, right?  And then I say I’m from Zimbabwe and they look at me and they say, young man, this is a good project, very good, very good, but unfortunately we cannot engage in business with you.

And I understand that the sanctions that we have -- that are imposed on entities in Zimbabwe, these are targeted sanctions, right?  But then we have come to a point in time where we as young Africans are failing to properly engage in business with U.S.-based entities because there hasn’t been that clarity.  These entities believe that Zimbabwe is under sanctions.  So what really can we do to do try and clarify this to make sure that we as the young entrepreneurs can effectively develop Africa and engage in business?

THE PRESIDENT:  Well, obviously, the situation in Zimbabwe is somewhat unique.  The challenge for us in the United States has been how do we balance our desire to help the people of Zimbabwe with what has, frankly, been a repeated violation of basic democratic practices and human rights inside of Zimbabwe.

And we think it is very important to send clear signals about how we expect elections to be conducted, governments to be conducted -- because if we don’t, then all too often, with impunity, the people of those countries can suffer.  But you’re absolutely right that it also has to be balanced with making sure that whatever structures that we put in place with respect to sanctions don’t end up punishing the very people inside those countries. 

My immediate suggestion -- and this is a broader point to all the African businesses who are here, as well as the U.S. businesses -- is to make sure that we’re using the Department of Commerce and the other U.S. agencies where we can gather groups of entrepreneurs and find out exactly what can be done, what can’t be done, what resources are available.  It may be that you and a group of entrepreneurs in Zimbabwe are able to meet with us and propose certain projects that allow us to say this is something that will advance as opposed to retard the progress for the Zimbabwean people.

So what I’d suggest would be that we set up a meeting and we find out what kinds of things that the young entrepreneurs of Zimbabwe want to do, and see if there are ways that we can work with you consistent with the strong message that we send about good governance in Zimbabwe.

Q    I see.  Because really -- the point of emphasis really is that as young Africans we want to converse with other business entities here in the U.S., and if these sanctions are really targeted, then in honest truth, they aren’t supposed to hamper the business that we’re trying to engage in, the development that we’re talking about.

THE PRESIDENT:  Well, let’s see if we can refine them further based on some of the things you’re talking about.

Q    That’s all right.  Now, there have been a good number of investments that have been announced here -- multibillion-dollar investments in Africa -- and we’re really excited.  And there’s been a lot of talk about how the public and private partnerships are the vehicle through which this investment will come into Africa, but I really want to bring it to a point of clarity.  I believe that the private sector is stratified in itself.  We have the existing indigenous businesses in these countries that you’re hoping to invest in, and this is where usually the funding comes through -- the partnerships and all that.  That is well and fine.

But then, underneath that, we have these young, upcoming entrepreneurs -- the innovators, those that come up with products and services that disrupt the industry.  And this is the innovation that we want in Africa, to build products by Africans for Africans.  But in most cases, in what we have seen over the past years, is that, indeed, this investment comes through but it never cascades down to these young entrepreneurs, the emerging businesses.  And so the existing businesses then form a sort of ceiling which we cannot break through.

When it comes to investment, when you’re talking about solving unemployment, I believe that it’s more realistic to assume and understand that the probability of 10 startups employing 10 people in a given time period, it’s more realistic than one indigenous company employing 100 people. 

So what really has been -- or rather, has there been any consideration in these deals that have been structured in the investments that you announced to cater for the young entrepreneur who is trying to innovate to solve the problems in society?

THE PRESIDENT:  Well, first of all, I think for the business leaders who are here, both African and U.S., it’s hard being a startup everywhere.

Q    That’s true.

THE PRESIDENT:  Part of what you’re describing is typical of business around the world:  Folks who are already in, they don’t necessarily want to share.  They don’t want to be disrupted.  If there’s a good opportunity, they’d rather do it themselves.  If they see a small up-and-coming hotshot who might disrupt their business, they may initially try to block you or they may try to buy you out.  And getting financing for a startup is always going to be difficult.  You hear that from entrepreneurs here in the U.S. as well.

Having said that, what is absolutely true is that as we think about the billions of dollars that we’re mobilizing, we want to make sure that small businesses, medium-size businesses, women-owned businesses -- that they have opportunity.  And so my instructions to all of our agencies and hopefully the work that we're doing with all of our partners is how can we identify, target financing for the startup; how can we identify and link up U.S. companies with small and medium-size businesses and not just the large businesses?  And I think you are absolutely right that by us trying to spread investment, not narrowly through one or two companies but more broadly, that the opportunities for success in those countries are higher, and it also creates a healthy competition.

And that's true also in terms of how we're designing – for example, our Feed the Future program, which is working with almost 2 million small farmers inside of Africa.  When I was in Senegal, I met with a woman, maybe in her 30s; she had a small plot of land initially.  Through the Feed the Future program, she had been able to mechanize, double her productivity.  By doubling her productivity and, through a smartphone, getting better prices to the market, she was able to increase her profits.  Then she bought a tractor.  Then she doubled her productivity again.  And suddenly what had started off as just a program to increase her income had become capital for a growing business where she was now hiring people in her area and doing some of the process of the grain that she grew herself, so that she could move up the value chain.

There are entrepreneurs like that all across Africa.  Sometimes the capital they need is not very large.  Sometimes it's a fairly modest amount.  And so what I want to do is to make sure that we are constantly looking out for opportunities to disburse this capital not just narrowly, but broadly.  And one of the things that I hope happens with U.S. companies is that they’re constantly looking for opportunities to partner with young entrepreneurs, startups, and not just always going to the same well-established businesses.

Now, there are going to be some large-capital projects where you’ve got a good, solid, established company.  Hopefully they, themselves, have policies with respect to their suppliers that allow them to start encouraging and growing small businesses as well.

Q    Exactly.  And on that note, I'm glad that you acknowledged that and I hope that even in these deals, in the investments that you're talking about, that one of the conditions be that those large organizations that are getting investment have policies that cascade down to people at the grassroots.

You spoke about this lady who was using a smartphone to -- it is one key issue that is really propelling business and development in Africa, the ability to leverage technology.  And really it is all about the Internet of things.  And that is why I'm personally working in liberating the Internet to get more people connected. 

Now, this is a huge opportunity in Africa as well.  Now, there is this troubling issue that has been brought to our attention with entities and organizations that have come up and have said we want to control the Internet, we want to see who gets what traffic and from whom.  And policies and activities like that become challenges for startups that are trying to leverage the Internet, for this lady farmer that you talked about who is trying to leverage and get information from the Internet.

So I want to understand what is your stance on net neutrality and its effects on the global development in Africa?

THE PRESIDENT:  Well, this is an important issue for all the heads of state and government not just in Africa but around the world.  The reason the Internet is so powerful is because it's open.  My daughters, 16 and 13, they can access information from anyplace in the world.  They can learn about a particular discipline instantaneously, in ways that when I was their age -- first of all, I wasn’t as motivated as they are.  I was lazier than them.  (Laughter.)  They do much better in school than I did.  But the world is at their fingertips. 

And what facilitates that, and what has facilitated the incredible value that's been built by companies like Google and Facebook and so many others, all the applications that you find on your smartphone, is that there are not restrictions, there are not barriers to entry for new companies who have a good idea to use this platform that is open to create value.  And it is very important I think that we maintain that.

Now, I know that there’s a tension in some countries -- their attitude is we don't necessarily want all this information flowing because it can end up also being used as a tool for political organizing, it can be used as a tool to criticize the government, and so maybe we’d prefer a system that is more closed.  I think that is a self-defeating attitude.  Over the long term, because of technology, information, knowledge, transparency is inevitable.  And that's true here in the United States; it's true everywhere.

And so what we should be doing is trying to maintain an open Internet, trying to keep a process whereby any talented person who has an idea can suddenly use the Internet to disperse information.  There are going to be occasional tensions involved in terms of us monitoring the use of the Internet for terrorist networks or criminal enterprises or human trafficking.  But we can do that in ways that are compatible with maintaining an open Internet.

And this raises the broader question that I mentioned earlier, which is Africa needs capital; in some cases, Africa needs technical assistance; Africa certainly needs access to markets.  But perhaps the biggest thing that Africa is going to need to unleash even more the potential that's already there and the growth that's already taking place is laws and regulations and structures that empower individuals and are not simply designed to control or empower those at the very top. 

And the Internet is one example.  You’ve got to have a system and sets of laws that encourage entrepreneurship, but that's also true when it comes to a whole host of issues.  It's true when it comes to how hard is it to get a business permit when a new startup like yours wants to establish itself.

When it comes to Power Africa, there are billions of dollars floating around the world that are interested in investing in power generation in Africa.  And the countries that are going to attract that investment are the ones where the investor knows that if a power plant is built, that there are rules in place that are transparent that ensure that they’re going to get a decent return, and that some of the revenue isn't siphoned off in certain ways so that the investor has political risks or risks with respect to corruption. 

The more that governments set up the right rules, understanding that in the 21st century the power that drives growth and development and the marketplace involves knowledge and that can't be controlled, the more successful countries are going to be.

Q    I see.  So just to clarify on the issue of net neutrality, you are advocating for an open and fair Internet --

THE PRESIDENT:  Yes.

Q    -- which would -- then it has structure to ensure that the platform itself isn't abused.

THE PRESIDENT:  Well, there are two issues -- net neutrality -- in the United States, one of the issues around net neutrality is whether you are creating different rates or charges for different content providers.  That's the big controversy here.  You have big, wealthy media companies who might be willing to pay more but then also charge more for more spectrum, more bandwidth on the Internet so they can stream movies faster or what have you.

And I personally -- the position of my administration, as well as I think a lot of companies here is you don’t want to start getting a differentiation in how accessible the Internet is to various users.  You want to leave it open so that the next Google or the next Facebook can succeed. 

There’s another problem, though -- there are other countries -- and I think this is what you were alluding to -- that feel comfortable with the idea of controlling and censoring Internet content in their home countries, and setting up rules and laws about what can or cannot be on the Internet.  And I think that that not only is going to inhibit entrepreneurs who are creating value on the Internet; I think it’s also going to inhibit the growth of the country generally, because closed societies that are not open to new ideas, eventually they fall behind.  Eventually, they miss out on the future because they’re so locked into trying to maintain the past.

Q    I see.  Thank you for the clarity.  I think we’re out of a bit of time.  I’ll ask my final question.  When we began this conversation, we were alluding to the fact that -- the need to separate the political function and economic function.  In other words, politics should not get in the way of business.  And I’ve gone to quite a good number of -- I know it’s difficult -- so I’ve gone to a good number of conferences where the end deliverable of the entire summit, or whatever it is, is that we need to lobby government to create policies that are conducive, and this and that.  And that’s usually what you get -- either you’re trying to lobby somebody to do something, right?  And, in turn, governments come up and say, yes, we promise to come up with this and that, and this and that.  And that’s a whole political sphere of things.  My question is, apart from that, what can we as business leaders, as the private sector, what can we do sort of independently to -- what can we do to create this economic environment that fosters for the growth and development of Africa as a continent?

THE PRESIDENT:  Well, look, although this isn’t always a popular position here in Washington these days, the truth is, is that government really can help set the conditions and the framework for markets to function effectively -- in part because governments are able to initiate projects like roads and bridges and airports that any individual business would find cost prohibitive.  It wouldn’t make sense to invest in what is a collective good; it’s not going to help your bottom line if everybody else is using it.  So that’s part of the function of government.

Part of the function of government is to educate a population so that you got a well-trained workforce.  It’s hard for companies to invest in doing that by themselves.  There are certain common goods, like maintaining clean air and clean water, and making sure that if you have capital markets, that they’re well-regulated so that they’re trust-worthy, and small investors and large investors know that if they invest in a stock that they’re not being cheated. 

So there are a whole host of functions that government has to play.  But in the end, what drives innovation typically is not what happens in government, it’s what’s happening in companies.  And what we found in the United States is, is that companies, once they’ve got the basic rules and they’ve got the basic platform, they are able to create value and innovation and cultures that encourage growth.  And I think that African entrepreneurs are going to be the trendsetters for determining how societies think about themselves and, ultimately, how governments think about these issues.

The truth of the matter is, is that if you have big, successful companies or you’ve got widespread entrepreneurship, and you have a growing middle class and practices have been established in terms of fair dealing, and treating your workers properly, and extending opportunity to smaller contractors, and promoting women and making sure women are paid like men -- suddenly, what happens is businesses create new norms and new sensibilities.  And governments oftentimes will respond. 

And so I think in Africa what I’d like to see more and more of is partnerships between American businesses, between African businesses.  Some of the incredible cultures of some of our U.S. businesses that do a really good job promoting people and maintaining a meritocracy, and treating women equally, and treating people of different races and faiths and sexual orientations fairly and equally, and making sure that there are typical norms of how you deal with people in contracts and respect legal constraints -- all those things I think can then take root in a country like Zimbabwe or any other country.  Hopefully, governments are encouraging that, not inhibiting that.  They recognize that that’s how the world as a whole is increasingly moving in that direction.  And over time, you will see an Africa that is driven by individual entrepreneurs and private organizations, and governments will be responsive to their demands. 

So I think the one thing I want to make sure people understand, though, is it’s not an either/or issue.  Government has a critical role to play.  The marketplace has a critical role to play.  Nonprofit organizations have a critical role to play.  But the goal and the orientation constantly should be how do we empower individuals to work together.  And if we are empowering young people like you all across Africa, if we’ve got a 21-year-old who has already started three businesses, we’ve got to figure out how to invest in him, how to make it easier for him to succeed.  If you succeed, you’re going to then be hiring a whole bunch of people, and they, in turn, will succeed.  And that’s been the recipe for growth in the 20th century and the 21st century. 

And I’m confident that Africa is well on its way.  America just wants to make sure that we’re helpful in that process.  And I know that all the U.S. companies who are here, that’s their goal as well.  We are interested in Africa, because we know that if Africa thrives and succeeds, and if you’ve got a bunch of entrepreneurs, they’re going to need supplies from us maybe, or they may supply us with outstanding products; they’re going to have a growing middle class that wants to buy iPhones or applications from us.  In turn, they may provide us new services and we can be the distributor for something that’s invented in Africa, and all of us grow at the same time. 

That’s our goal, and I’m confident that we can make it happen.  And this summit has been a great start.  So I want to thank you for doing a great job moderating.  I want to thank all the leaders here not only of government, but also business for participating.  There’s been great energy, great enthusiasm.  I know a lot of business has gotten done.  If any of you are interested in investing in this young man, let him know.  (Laughter.) 

All right, thank you, guys. 

END
4:05 P.M. EDT

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President Obama Speaks at the U.S.-Africa Business Forum

President Barack Obama delivers remarks at the U.S.-Africa Business Forum

President Barack Obama delivers remarks at the U.S.-Africa Business Forum during the U.S. Africa Leaders Summit in Washington, D.C., Aug. 5, 2014. (Official White House Photo by Lawrence Jackson)

This afternoon, President Obama spoke to a crowd that included 50 African leaders, at the U.S.-Africa Business Forum in Washington, D.C. The Business Forum is part of the historic three-day U.S.-Africa Leaders Summit, which is the largest event any U.S. President has held with African heads of state and government, and builds on the President's trip to Africa in 2013. 

The summit is an opportunity for the President to illustrate his approach to Africa. As he said at today's Business Forum, even as Africa continues to face many challenges — disease, poverty, violence, and hunger — there are many signs that a new Africa is emerging:

Some of the fastest-growing economies in the world.  A growing middle class.  Expanding sectors like manufacturing and retail.  One of the fastest-growing telecommunications markets in the world.  More governments are reforming, attracting a record level of foreign investment.  It is the youngest and fastest-growing continent, with young people that are full of dreams and ambition.

As Africa experiences continued growth, the President made it clear that America will be a partner in its success — "a good partner, an equal partner, and a partner for the long term."

The White House

Office of the Press Secretary

Press Briefing by Press Secretary Josh Earnest, 8/5/14

James S. Brady Press Briefing Room

12:52 P.M. EDT

MR. EARNEST:  Good afternoon, everybody.  I don't have any opening statements.  Josh, if you want to go ahead and get us started.

Q    Thanks, Josh.  Let’s start with the attack this morning in Afghanistan that killed a two-star general.  I know the Pentagon has a briefing underway, but what was the President’s reaction to learning about this attack?

MR. EARNEST:  Josh, the President was briefed earlier today about a shooting accident that occurred – a shooting incident that occurred at an Afghan military academy in Kabul City earlier today.  More than a dozen coalition servicemembers were killed or were wounded and at least one U.S. servicemember, a general, was killed.  The President called General Dunford earlier today to get a briefing on the latest available information in that incident. 

While we have made tremendous progress in disrupting, dismantling, and defeating al Qaeda operations and leadership in Afghanistan, and progress in winding down U.S. involvement in that conflict, this shooting is, of course, a painful reminder of the service and sacrifice that our men and women in uniform make every day for this country. 

The thoughts and prayers of those of us here at the White House are with the family of the general, are with the soldiers and the family of those who were injured in this attack.  Those thoughts and prayers are also with the families, of course, who have seen the loss of loved ones over the course of the United States’ 12-year involvement in military operations in Afghanistan.  Many of those families are still grieving for the loss of their loved ones, and those of us here at the White House are determined to ensure that their service and their sacrifice for this country are not forgotten.

Q    You mentioned the progress in fighting al Qaeda.  This doesn’t appear to be an al Qaeda attack.  How concerned is the White House that this attack undermines or is a step backwards in the progress that the U.S. and our partners have made in reducing these insider attacks in Afghanistan?

MR. EARNEST:  Josh, I'm not in a position right now to give you any information about the motive or circumstances surrounding today’s attack.  There is, as you would expect, an ongoing investigation into the circumstances of this incident, and so we're going to wait until there are some additional details about this incident before commenting further about the possible motive or any information about the perpetrator who was involved in this incident.

Q    In a broader sense, then, does the United States still feel that you’ve made progress in stemming some of these attacks by Afghan troops on coalition forces?

MR. EARNEST:  There are a number of security protocols that have been put in place to ensure the safety and security of American servicemen who are serving overseas, many times alongside Afghan service personnel.  Those security protocols are in place because a couple of years ago, you’ll recall, there was a spate of incidents in which it was clear that there were American personnel who were facing a risk based on the conditions in which they were serving.  So those security protocols have been put in place, and we'll, of course, review this incident to see if any changes to those protocols should be made as a result of this.  But it's far too early for me to say anything about that at this point while we're still learning information about what exactly happened. 

I do think it's important to note that because of our efforts to wind down the war and because of the changing mission of American personnel in Afghanistan, we have seen a decline in the casualty rate of American personnel there.  Earlier this year, we went an entire month without a servicemember being killed in Afghanistan.  But today’s tragic incident is a painful reminder that our servicemen and women are still serving and sacrificing in Afghanistan and they’re facing significant risks to protect our country and to protect American citizens all around the globe.

Q    And in Israel, now that this 72-hour cease-fire appears to be holding, at least so far, and the Egyptians set to kind of act as a go-between between Hamas and Israel, is the United States playing an active role in those negotiations to achieve a long-term cease-fire?

MR. EARNEST:  Well, Josh, we certainly -- the United States certainly supports the latest 72-hour cease-fire proposal that appears both sides are respecting and abiding by at this point.  For weeks, the United States, from the President to the Secretary of State on down, have been actively engaged with the Israeli and Palestinian leadership -- with the United Nations, other multilateral organizations like the Arab League, and even other relevant parties like the Egyptians and the Turks and the Qataris -- to try to bring the violence to an end and both sides to the table to resolve this conflict.  And we have noted for some time that an immediate cease-fire was critical to bringing about the kind of calm in which negotiations could occur. 

I’ve seen reports that the Israelis are sending a delegation to Cairo; I know that the Palestinians have done the same.  I don’t have an update in terms of the United States, the American delegation that was previously planning to participate in those discussions.  I’d refer you to the State Department for questions about that status. 

Roberta.

Q    Josh, how engaged has the White House been, if at all, in trying to streamline development or speed up approvals for Ebola drugs like ZMapp, or any other drugs that might be in the pipeline to fight Ebola?

MR. EARNEST:  Well, as you know, it’s the responsibility of the FDA to approve specific medication for treatment of a range of illnesses.  Since this Ebola outbreak first occurred back in March, the CDC has been actively engaged with other global health organizations, and particularly, the World Health Organization, to try to respond to the outbreak and to marshal resources from the international community to assist those countries in meeting the needs of their local citizens and trying to prevent the outbreak from spreading.

The CDC is redoubling their efforts to add additional resources and to make sure that those resources are well coordinated.  That is the best way for us to stem this Ebola outbreak, is to make sure that the response is consistent with medical protocols in terms of isolating those who are exhibiting the symptoms, and making sure that medical personnel who are treating them are taking the necessary precautions.  I know there are also protocols in place for burying those who have died as a result of this disease that are also critical to ensuring that the disease does not spread.

So those kinds of efforts are underway.  They are spearheaded by the experts at the CDC.  And as I mentioned yesterday, and as the CDC has mentioned many times, it’s their assessment that those in the United States do not face a significant risk from this Ebola outbreak. 

Q    So recognizing that that’s the approach, I’m just wondering if the White House is at all sort of engaged at a high level in talks with those agencies or others in trying to advance these drugs that seem to show some promise. 

MR. EARNEST:  Well, I don’t have any comment on specific medication that may or may not be approved.  That’s something that would be evaluated by medical experts at the FDA with some input from the CDC, I would assume. 

But, yes, the White House has, of course, been in touch with these government agencies to ensure that we are providing the necessary resources to respond to this situation, and effectively coordinating and integrating this government’s response with the international response to this Ebola outbreak in a couple of countries in Africa.

Let’s move around a little bit.  Anita.

Q    Staying on the same topic, the Council of Foreign Relations had a conference call today about health issues, and there was some complaining on there that there was -- on the ground there in Africa that sort of no one was in charge, there’s not enough money, not enough workers.  And I’m wondering if you can sort of talk about the U.S. perspective on that.

Separately, there was some complaining about the summit.  I know the summit is not supposed to be about the Ebola outbreak, that there’s another focus.  But there was some complaining that it hadn’t changed to sort of address it more seriously or more closely.  I’m wondering if you could respond to that.

MR. EARNEST:  Well, one thing I can say, Anita, is that I’m not in a position to comment on the specific on-the-ground response.  I know that it has been something that this administration through the CDC has been focused on for several months now -- the initial reports of an Ebola outbreak occurred back in March, and there have been CDC personnel on the ground in the affected countries since then to try to deal with and contain this outbreak.

That has been done in coordination with the World Health Organization and other global health organizations that are involved in responding to incidents like this.  I know that there are organizations like the USAID that is planning to send additional resources to try to deal with the situation and prevent the spread of this disease.  And that remains -- that will continue to remain a focal point of planning and effort here in Washington until this disease is contained.

As it relates to the forum, I would highlight that your question serves to illustrate the importance and one of the important goals of this forum, which is to help people understand that our relationship -- the United States’ relationship with nations in Africa is broad and full of opportunity.  So often the immediate thought of many Americans when they consider U.S. policy toward Africa turns to issues of poverty and disease and conflict, corruption.  And the truth is there is significant economic opportunity that exists in Africa. 

Six of the largest -- or six of the 10 fastest-growing economies in the world are on the continent of Africa.  And there is a tremendous opportunity for American businesses to coordinate and invest in Africa and in businesses in Africa.  There’s the potential for new markets to be opened to U.S. businesses in Africa.  And that is an indication that while we stand with our African partners in their time of need, particularly when it comes to something as threatening as an outbreak of a disease like Ebola, that our relationship is much more diverse and broad than just focusing on that one specific issue.

And this is something that the President will talk about in his remarks a little later today.  He’ll deliver remarks at the first-ever U.S.-Africa Business Forum, where he’ll announce that a number of American businesses have committed over $14 billion in investments for the continent of Africa, ranging from construction to clean energy, to banking, to information technology and more.  So that is an indication that the economic potential and opportunity that exists in Africa is significant, and that these kinds of investments aren’t just good for the Africans who live in these countries and stand to benefit directly from them, there also is an opportunity for American businesses and American workers to benefit from this kind of relationship, as well.

Q    -- have you all talked about including more about health care?  I know there is some.

MR. EARNEST:  There is an element of public health that is being discussed in the forum.  And I understand that there was a meeting yesterday with some officials from Africa and Secretary Burwell to discuss the international response to the Ebola outbreak.

Cheryl.

Q    Thanks.  Today, Senators Durbin, Jack Reed, and Warren sent the President a letter asking him to use his executive actions to stop the corporate inversions.  I’m wondering if that's something that the President would consider doing.

MR. EARNEST:  Well, Cheryl, what I can tell you is that the President has talked about this a little bit already, and it’s his view that the best way for us to close unfair tax loopholes like the one that you have mentioned is through corporate tax reform.  That would allow us to close some loopholes, lower the overall tax rate in a way that makes American businesses more competitive around the globe.  We’ve also noted that you could use some of that revenue that only benefits the wealthy and well-connected businesses in this country and invest it in the kinds of projects that would benefit everybody, particularly modernizing our infrastructure.

So that's why the President is calling on Congress to act on corporate tax reform.  But we understand that that's a process that would take some time.  And so we are hopeful that in the meantime, Congress -- as described in a letter from Secretary Lew just a couple of weeks ago -- would take the step of closing this specific loophole and making it retroactive to send a clear signal that this is the kind of behavior that corporate America shouldn’t engage in.

The President has talked a lot in recent weeks about economic patriotism, and I think tactics like the one that we’ve seen here I think are a pretty good example of the need for us to consider the kind of economic patriotism that is good for the country and good for the businesses and workers located here in this country.

Q    So you still think this is something Congress needs to do, not the President?

MR. EARNEST:  Well, again, if there’s any sort of announcements that we have to make about steps the President could take unilaterally, we’ll announce those at a later time.  I’m not in the position to make any announcements like that now. But it is our view that Congress should take the necessary step to address this loophole.

The one thing I would point out is the last time that Congress -- I’m only saying this because I know that there is some skepticism sometimes in this room about Congress, and in particular, congressional Republicans taking action on what would otherwise be seen as a pretty common-sense step to address a problem in our tax code.   I think your skepticism might be rooted in the fact that congressional Republicans often don't want to be in a position of angering the corporate interests that are so beneficial to their political campaigns.

That said, I’d just point out that the last time that Congress passed legislation to address corporate inversions and to close a loophole related to corporate inversions was in 2004, and that was a piece of legislation that was passed with bipartisan support through the House and Senate and signed into law by a Republican President.

I’d also note that 2004, for those of you who don't remember, was an election year.  So the sense that Congress -- or the excuse that Congress won’t act in 2014 because it’s an election year certainly is inconsistent with congressional action that took place a decade ago.

Justin.

Q    I wanted to ask about Iraq.  Over the weekend, Baghdad took the extraordinary step of sending forces to bolster the Kurdish fighters.  And so I’m wondering if you guys are considering anything to help aid the Kurds, as ISIS is kind of pushing farther into their territory, and if you remain confident in their ability to kind of hold the ground in Iraq right now?

MR. EARNEST:  Well, Justin, the United States is supporting the Iraqi security forces and Kurdish Peshmerga forces working to defend these areas.  Our joint operation centers in Erbil and Baghdad are sharing information with the ISF and the Peshmerga.  We welcome the statement from officials in Baghdad that Iraqi security forces will provide air support to the Peshmerga as they counter the ISIL offensive.  The Peshmerga have played a critical role in addressing this threat, and all parties must continue to enhance cooperation between Baghdad and Erbil. 

I would also point out that U.S. officials from Washington and Baghdad are also in contact with Iraqi officials from Baghdad and Erbil to discuss a coordinated approach to the humanitarian situation in that region of the country.  We urge all Iraqi authorities, civil society and international partners to work the United Nations and its partners to deliver lifesaving humanitarian assistance.

Michelle.

Q    I remember about two years ago being on a U.S. base in Afghanistan where Americans were training the Afghan recruits.  And to a person, the American soldiers did not agree with the pullout because they really felt like it would take a long time before security there could be at a point where it was kind of ready to go.  And granted, that was two years ago.  But isn’t another incident like this that just happens to involve a high-ranking general a painful reminder of the volatility there?  And isn’t the broader concern here not the risk to American lives, which is diminishing, but the security situation in Afghanistan as a whole?

MR. EARNEST:  Afghanistan is a dangerous place.  It has been for some time.  It was dangerous before the U.S. got there, and it obviously continues to be dangerous today.  What’s different, though, and what’s most important about this is that before the United States arrived, some lawless areas in Afghanistan were used by a terrorist organization to launch a horrific terrorist attack against the American people on our homeland.  And the military operation that has been underway in Afghanistan for more than a dozen years now has been devoted to ensuring that terrorists could never again use Afghanistan as a base of operation to launch large-scale attacks against Americans in the U.S. or anywhere around the world.

We have made tremendous progress against that goal, and that is a testament to the service and sacrifice of so many American servicemen and women who have served in that country, but also to the service of many American civilians who have also served to build up Afghanistan and to strengthen their local institutions of government and security there. 

So the progress that we’ve made is important.  And the President has laid out -- and he did lay out earlier this year -- our strategy for moving forward in Afghanistan.  And the thing that we have reiterated as a priority is ensuring that Afghans have the support and resources necessary to provide for their own security; that ultimately -- that our commitment to Afghanistan can be strong and will remain strong as long as we get the necessary cooperation from the Afghan government.  But at some point, their security efforts need to be self-sufficient. 

And what the President has said is that at the beginning of 2015, the United States will have approximately 9,800 service personnel in different parts of the country and will be serving alongside our NATO allies and partners.  By the end of 2015, we’ll have reduced that presence by roughly half, and consolidated that presence in Kabul and at the Bagram Air Field. One year later, by the end of 2016, we would anticipate that our military drawdown -- or that our military would draw down to the kind of normal embassy presence that you see in other countries, along with a security assistance component there to ensure the safety of American personnel that will remain in Afghanistan.

All of that, of course, is contingent upon the signing of the bilateral security agreement that’s been agreed to for many months now.  But this is why we have been focused on ensuring a proper, but hopefully prompt, resolution of the Afghan election so that the new Afghan president can take office and sign the bilateral security agreement.  Both of the remaining candidates have indicated a willingness to promptly sign that bilateral security agreement, and that would allow us to move forward with the strategy that the President laid out earlier this year.

Q    And, realistically, how soon do you think it would be before that is signed?  And do you think that that would make a significant difference in the continuing security situation there?

MR. EARNEST:  Well, I think it’s hard to assess whether or not an incident like this would have occurred had the election been resolved in a more timely fashion.  What we are focused on

-- and this is the focal point of conversations that Secretary of State John Kerry had with the two candidates over the weekend.  As I mentioned yesterday, Secretary Kerry telephoned both Abdullah Abdullah and Ashraf Ghani to encourage them to remain engaged in the process of counting the ballots that were cast in the national election. 

And the resolution of that election through the existing protocols that were established by the Afghan constitution are important.  They will bolster confidence in the election itself. They will also bolster the mandate of the eventual winner and the next president of Afghanistan.  So that investment in and commitment to the Afghan electoral process is critical to the future of that country and not disconnected from the strategy that the President has laid out for continued military involvement in that country.

Q    So you think -- both candidates are ready to sign this thing right away.  I mean, what are we talking -- months after one of them takes office?  Or is going to be --

MR. EARNEST:  Well, ultimately, they will make that decision.  I think both candidates understand the sense of urgency that the United States is feeling about the signing of that agreement.  And that’s something that we would anticipate that they would hopefully -- well, let me say it this way.  We will be asking them to sign it as soon as possible after that election result has concluded.  But it will be up to the eventual winner to make the decision related to when that agreement would be signed.

Jon.

Q    More on the attack in Afghanistan.  Does the President have any intention of speaking about this publicly today?

MR. EARNEST:  I don’t have any update on the President’s schedule at this point, but we’ll try to keep you posted to let you know.  The President is speaking at the CEO forum later today. 

Q    And this I believe is the highest-ranking U.S. military official to be killed in Afghanistan, the highest since the plane hit the Pentagon on September 11th.  What added significance does it have?  Or what does it say about -- obviously the loss of any American servicemember is a tragic event, but what does it say about the security that they were able to penetrate to the point of hitting such a high-ranking official?

MR. EARNEST:  Jon, I’m not in a position to disclose the specific rank of the individual who was killed today, other than to say that that person was --

Q    The Pentagon has confirmed it was a general officer.

MR. EARNEST:  And I did note that earlier, but in terms of his specific rank, I’m not in a position to confirm that. 

But in terms of your question, a shooting incident like this occurring inside a military academy that I understand was operated by the ANSF but frequented and obviously included the presence of a large number of coalition service personnel as well is something that I’m sure is traumatic and, of course, it’s tragic.  And our thoughts and prayers are with the family of the general who was killed in this attack.  Our thoughts and prayers are also with those soldiers who were wounded in that attack.  And I know that the military has taken the kind of extraordinary steps that you would expect to ensure that those soldiers who were wounded get the kind of medical treatment that they need. 

It is a reminder of the service and sacrifice that so many servicemembers over the last 12 years have made to further the mission in Afghanistan of disrupting, dismantling, and defeating al Qaeda, and ensuring that Afghanistan could never again be used as a base of operations by a terrorist organization to strike at Americans here in the homeland or anywhere around the globe.

Q    Is there any indication that this general was specifically targeted?

MR. EARNEST:  There is an ongoing Department of Defense investigation into this incident, and so for questions like that, in terms of who perpetrated this event and why and whether or not the individuals who were wounded today were specifically targeted, I'd refer you to the Department of Defense who is conducting that investigation.

Let’s move around a little bit.  Lisa.

Q    Just a quick follow-up on the inversions.  Is there a deadline for Congress to act on inversions, after which the President would take unilateral action, like immigration?

MR. EARNEST:  We have not laid out a specific deadline.   We would like to see Congress take action on this quickly.  We also believe that, as I pointed out earlier, Lisa, that Congress should take action on legislation that would be retroactive, that we should not allow companies to sort of cynically capitalize on the fact that Congress is rather slow-moving these days, but by passing legislation that’s retroactive, we would ensure that companies couldn't benefit from the slow movement of Congress in this area.

That is consistent with the way that Congress has addressed this problem in the past, so that would not be an extraordinary provision of the law.  But it's an important one and one that Secretary Lew described in the letter that he sent to Congress a few weeks ago on this issue.

Q    Also, on Africa, the $14 billion in new investment you guys announced, are all those new as of this week, different from those from previously announced?  And are we going to get a full list of all the investments and dealings?

MR. EARNEST:  I would anticipate that you will get a factsheet that will include some more details about the agreements that were reached in the context of this forum.  In terms of when those deals were actually struck, I would anticipate that that information will be included in the factsheet.  I also encourage you to just follow up with the individual companies who may be able to give you more information about the agreements that were reached.

Q    And is there any consideration by the President to institutionalizing this, like a summit -- like making it a regular event like the G7 or G20 or something like that?

MR. EARNEST:  Nothing that I have to announce from here.  But I'd note that the President is certainly pleased to have an historic opportunity like this.  Never before has an American President participated in a meeting that included up to 50 African heads of state to discuss the wide range of issues and the broad relationship that exists between the United States and some of the countries in Africa.  So this is an historic and important occasion, and I know the President certainly wouldn't object to future meetings along these lines.

Major.

Q    So just to be clear, Josh, the White House does believe the President would have executive authority to change U.S. tax law related to inversions?

MR. EARNEST:  I'm not in a position to speculate about what sort of executive actions the President would take in this area.

Q    But you have not ruled them out.

MR. EARNEST:  I'm not in a position to rule anything in or anything out at this point.

Q    Because there’s a rather elaborate precedent in this country of not just Congress but the House initiating all changes to tax law, just as it does with appropriations.  And by you suggesting that it's possible if Congress doesn’t act that the President might do something with executive authority, I'm just trying to clarify if the White House believes it has -- and the President retains executive power to change U.S. tax law as it relates to inversions.

MR. EARNEST:  I'm not in a position to render any judgment about the legality of any option.  Again, I'm not in a position to rule either in or out at this point.  So what we're focused on right now is calling on Congress to take action on common-sense legislation that would close a loophole that many companies have benefited from to avoid paying taxes to the U.S. government that they owe.  Middle-class families certainly don't have the opportunity to sort of capitalize on a loophole to remain in the United States of America and benefit from all of the resources of this country but claim some sort of outside exemption.

So this is a matter of fairness.  It's a matter of common sense.  And we hope that Congress will act on that fairness and common sense to take the kinds of steps that I think everybody believes is necessary that would be in the best interest of the American economy.

Q    The reason I ask is yesterday we had a conversation about the President’s preference that Congress do this with immigration.  When a deadline was reached, he said, you know what, you're not acting so I'll do it on my own.  And there’s a process by which the President is going to be given information as to what he can and cannot do.  Has that process begun with inversions?

MR. EARNEST:  Not that I'm aware.

Q    The Israel government said yesterday this cease-fire is essentially the same one presented three weeks ago and much of the tragic loss is civilian life, therefore, must at least partially be laid at the feet of Hamas and its associated militants.  Does the administration agreement with that point of view?

MR. EARNEST:  Well, there are a couple of things that have changed over the course of the last few weeks.  There has been mounting international concern over the significant loss of life that has been sustained in this conflict.  We've also seen the Israelis make significant progress in terms of destroying the tunnels that were used by Hamas fighters to carry out acts of violence against Israeli soldiers.  We've also seen the Israelis make significant progress in destroying some of the sites that Hamas was using to launch rockets aimed squarely at civilians in Israel.

So based on the broad international concern about the violence sustained by both sides, and based on the progress that the Israeli military has made in accomplishing the military goals that they laid out, we believe that the circumstances for a cease-fire have been strengthened.  More importantly, that is a conclusion that was arrived at by the two parties in this conflict, the Palestinians and the Israelis. 

Q    -- that civilian casualties could have been avoided if Hamas and its associated militant fighters would have accepted this three weeks ago, as the Israeli government asserts.  What does the administration think about that?

MR. EARNEST:  Well, there’s no doubt that the Israeli government did previously agree to a cease-fire.  I actually think that this happened a couple of times, that the Israeli government agreed to a cease-fire, and we saw that it was violated by Hamas.  And that is something that we were quite critical of on those occasions in which it occurred.  And we said many times that each day that this conflict continues that more civilians are going to be put in harm’s way and their lives will be put at risk. 

And that is why this administration worked so hard in pursuit of a diplomatic resolution to at least put in place the kind of temporary cease-fire that would allow both sides to come to the table and have a discussion over the longer term by trying to put in place a protocol for deescalating that conflict.

Q    To the degree the United States is going to be involved in these talks in Cairo, are these talks going to be about just prolonging a cease-fire, or actually getting at some of the underlying issues that have been unaddressed for many months since Secretary of State Kerry’s efforts on that came to a standoff or dropped several months ago?

MR. EARNEST:  It would be the expectation of this country that -- I mean, first of all, it's important to understand that extending the cease-fire is going to require a decision that's made by Palestinian leaders and by Israeli leaders; that as much as the United States and other countries around the globe, even international organizations like the U.N. would like to impose a cease-fire, that can't successfully occur.  A cease-fire will only be sustained if both sides who are a party to this conflict make the decision not to prolong the violence.  So the point is these will have to be independent decisions that are made by the two sides.

I would anticipate that both sides will have long-held grievances and concerns about the conduct of the other side.  And so it's going to require at least addressing some of these deep-seated issues in order to get a more sustainable cease-fire in place.  So the United States and the U.N. and others will be advocating for a cease-fire to remain in place and against the resumption of violence, but I think it's going to require -- I'm confident that it will require a decision to be made by both sides.  It will also require a discussion of some of the underlying issues that have plagued the situation for so many years.

Q    One on a housekeeping matter.  There were reports the President left the White House last night to celebrate his birthday in town.  I want you to address that and tell everyone in this room that after a lid was called the President did not leave the White House under any circumstances.  If you want to tell us how he celebrated his birthday we’d be happy to hear.

MR. EARNEST:  I don't have any details about how the President celebrated his birthday last night, other than to say that he celebrated the occasion here at the White House.

Q    Thank you.

Q    Josh, first on Ebola.  You said at the top that the CDC has been working on this I think since March, and obviously it makes sense that professionals like that would be taking a lead. But as this has gotten more serious, can you lay out, has the President been briefed on this on a daily basis, weekly basis?  How much more engaged -- I think you made a brief mention about the White House has been interfacing with CDC, obviously.  Has it risen to the President’s level day by day?

MR. EARNEST:  The President’s Homeland Security Advisor, Lisa Monaco, and other members of the President’s national security staff have been engaged with the CDC, HHS, and other organizations that have been principally responsible for responding to this situation.  In the course of those discussion, the President has gotten periodic updates, as necessary, on the situation.

It's important, though, for people to understand that as bad as the situation is in three or four countries in Africa, that the CDC has assessed that there is no significant risk faced by Americans here in the United States as a result of this outbreak. And the reason for that is -- and I just want to go over the details here and remind people –-the reason for that is that this disease cannot be transmitted through the air; it's not transmitted through water; it's not transmitted through the food supply here in the United States.  The only way that this disease can be transmitted is through the body fluids of an individual who is already exhibiting symptoms of the illness.  In other words, a person is not contagious if they're not showing the symptoms. 

That's why we feel confident that the kinds of screening measures that we have in place both on the ground in those countries but also at ports of entry here in the United States will be very effective in protecting the American public.

The CDC has also been in touch with public health officials in this country and with large medical facilities in this country to ensure that medical professionals are on the lookout for individuals who are exhibiting these symptoms so that they can be quickly quarantined and treated in a way that doesn't threaten the health of either those medical professionals or of the broader public.

Q    Great.  The reason I ask is we heard about this situation in New York that's being checked out yesterday, last night.  Before we came out, a few moments before we came out, there was a possible case in Ohio where a woman I believe is being tested.  But I guess I just want big picture, the White House believes that the public should not have great fear about this.

MR. EARNEST:  Well, this is -- well, let me say a couple things about this.  The first is I think that these reports that we’ve seen from the hospital in New York -- I wasn’t aware of the medical facility in Ohio or the reports from the medical facility in Ohio -- but I do think that both of those reports are evidence of the close coordination and consultation that exists between experts at the Centers for Disease Control and medical professionals all across the country.

In both -- certainly in New York, which is the case that I know a little bit about, you had a situation where medical professionals were keenly aware that they should be on the lookout for individuals who were exhibiting the kinds of symptoms that are associated with Ebola, and once an individual like that was recognized, proper steps were taken to quarantine that individual to ensure that the disease could not be spread to other patients in the hospital, any of the medical personnel in the hospital, and to ensure the safety of the public.

So that's an indication that the information for managing the situation is being effectively communicated from the CDC to medical professionals all across the country, and that is the reason that we do -- that the CDC, the experts at the CDC have assessed that there is no significant risk posed to American here in this country by this latest outbreak of Ebola.

Q    Two other quick ones on Afghanistan.  At the top when you were asked about this terrible tragic attack today, you again used the language about “we’re still dismantling al Qaeda.”  And I wonder why you’d say that when the Associated Press has a story today saying that from 2010 to 2013, a U.S. government database of known or suspected terrorists has doubled in size.  And I’m not sure why it’s doubled.  I wonder if you could shed some light on it.  But at a time when there are reports that this database has grown in terms of suspected or actual terrorists, how does the administration continue to say, al Qaeda is being dismantled?

MR. EARNEST:  Well, the success -- primarily due to the service and sacrifice of our men and women in uniform -- has been in dismantling the al Qaeda leadership that was previously using Afghanistan as a base of operations to attack U.S. citizens here in the United States and around the globe.  And there is no question that significant progress has been made in disrupting that terror network on the ground in Afghanistan.

And that is why the United States remains so committed to ensuring that we address the security situation in Afghanistan and build up the ability of the Afghan government to provide for the security of their country and their people, to ensure that their land can never again be used as a base of operations by a terrorist organization.

What is also true is that we have seen other groups in other countries in the region and in some places around the globe aligning themselves with the ideology and, in some cases, the tactics of al Qaeda.  And this administration, in close consultation with our allies and partners around the globe, have been effective in countering and mitigating that threat to the American people.  But that is what makes the work of our national security professionals and our intelligence professionals and our United States military so critical to our national security.

And there is no doubt that the policy and strategy that this President has put in place has -- again, thanks to the service of our men and women in uniform and intelligence professionals -- ensured that we are meeting that threat head on and mitigating the risk that's posed to Americans both here in the United States but also around the globe.

Q    But to cite progress on the day when an American general was killed, doesn't that raise questions about whether we’re going to be getting out of Afghanistan too quickly, that timeline you mentioned earlier?  And that the fear of the Taliban, al Qaeda building back up again -- how can you cite progress when an American general was killed today?

MR. EARNEST:  Well, the progress that I cited is the progress that was made, hard-won progress that was made by our men and women in uniform who have been serving in Afghanistan for more than 12 years, and there is no doubt that what previously was a base of operations for core al Qaeda no longer exists.  And it no longer exists because of that work and our efforts to build up the Afghan government, to build up Afghan security forces so that they could eventually take security responsibility for their country.  And the President has laid out a very specific strategy for how the United States can continue to stand alongside the Afghan people as they confront this threat.

But there’s no doubt that over the last 12 years that threat has been significantly degraded and the threat the emanates from Afghanistan to the United States has been significantly reduced.  But there continues to be a threat posed by groups around the globe that align themselves with al Qaeda.  And that is a threat that this administration works day and night to counter.

Chris.

Q    Speaking of those threats, a spokesman for Nigerian President Goodluck Jonathan suggested yesterday that Boko Haram, the al Qaeda threat and the headlines recently about Ebola have made it more difficult for them essentially to sell themselves as a place for investment because those kinds of headlines create uncertainty in businesses.  Has there been any suggestion that that $14 billion is not firm or that those kinds of headlines about Boko Haram and Ebola could affect investment going forward and the success of this summit?

MR. EARNEST:  Well, I think you have to talk to individual investors about their assessment of investment risk on the continent of Africa.  I think many investors recognize that there is tremendous opportunity that exists in Africa for the kind of investment that benefits Africans in their countries but also benefits American businesses in this country.  And capitalizing on that opportunity is one of the critical goals of this conference -- or this summit that the President convened here in Washington.  And that will be the subject of the President’s remarks today, where he’ll be meeting with African business leaders and CEOs and American business leaders and CEOs to further strengthen the relationship that exists between the United States and around 50 countries in Africa.

Q    So that $14 billion is considered a hard commitment?

MR. EARNEST:  It is.  It is.  And, again, more details about those commitments and those agreements will be released later today. 

Q    I also know -- it’s been reported that USAID has deployed or is going to be deploying a disaster assistance response team, and they’re going to coordinate U.S. government response to the Ebola threat.  Can you tell us a little bit more about that team and what precipitated that deployment now?

MR. EARNEST:  I don’t have a lot more details about that specific team, but that is some of the -- those are some of the resources that I referred to earlier in talking about ramping up our efforts to confront this outbreak of Ebola in Africa and ensuring that our efforts are coordinated within the U.S. government, but also carefully and properly integrated with the international response that’s already underway. 

And so the USAID has an area of expertise in this -- for dealing with situations like this.  And for details about what exactly they’ll be doing on the ground, I’d refer you to the USAID. 

Mark.

Q    Josh, on corporate inversions, why is it fair to question the patriotism of a company that tries to utilize a duly-enacted provision of the tax code?

MR. EARNEST:  Well, I think what you’re seeing, Mark, is that this is a tactic that is used by some of these companies to not actually change anything about their operation.  The way that this often works, as it’s been described to me -- I’m a little bit of a layman when it comes to this area --

Q    Join the club.

MR. EARNEST:   -- but my understanding is that you essentially have U.S. businesses, in some cases large U.S. businesses, that purchase a much -- either purchase or emerge with a much smaller competitor that is based overseas.  And even though that company is smaller than the U.S. operation, the U.S. company will organize in such a way that that overseas company becomes the parent company and, therefore, is assessed tax rates charged by that foreign country. 

What that means is it means that the business that continues to be located in the United States, that continues to benefit from the infrastructure of the United States, that continues to benefit from the national security of the United States, that continues to benefit from the supply of workers in the United States -- well-educated, highly-motivated workers here in the United States -- they benefit from all of those things without paying their fair share in taxes.  And the President believes that that’s simply not fair.  It’s not good for the American economy; it erodes the tax base.  And it certainly isn’t in keeping with much of the rhetoric that we hear from corporate America about the benefits and strength of this country.

And the President would like to ensure that this principle holds.  And that is why we are urging Congress to take the step of closing this loophole that Congress didn’t intend to exist, and ensure that companies are dealing fairly in this area. 

Q    But if the law provides for it, why is it unpatriotic?

MR. EARNEST:  Well, that’s why we’re suggesting that the law should be changed.  That’s exactly the goal of this effort.

Q    Are there any other unpatriotic tax deductions or credits that you see out there?

MR. EARNEST:  Well, not that I’m aware of right here off the top of my head, but if you spot one definitely let me know.  (Laughter.) 

Christi.

Q    Thanks, Josh.  The President has obviously expressed concern about human rights in some African nations and also governance issues, as you alluded to earlier.  Is there any setting this week in which the President expects to discuss either of those things with the African leaders in town?

MR. EARNEST:  Well, there are a couple of sessions tomorrow that will be the venue for some wide-ranging conversations with the African leaders that the President will participate in over at the State Department.  I don’t have an agenda to walk through with you in terms of what will be discussed in those meetings, but we do anticipate that we’re going to look at some -- that these meetings will be pretty wide-ranging in terms of the areas covered. 

The economy is the focal point of today’s activities.  And while economic issues I’m sure will be discussed in the context of the meetings tomorrow, there will also be discussion of areas like public health -- I think Chris mentioned earlier -- security and human rights.  And there will be an opportunity for those kinds of discussions to take place both in the context of the formal meetings, but also in the context of the extensive sideline conversations that I’m sure will occur when you have 50 world leaders in a room.  There are lots of different conversations that are being held at the same time.

Q    And on that point, I know you don’t have time for bilateral meetings with each of these heads of state obviously, but will each one of those who has traveled here have some time to be in conversation with the President, even if it’s just at the dinner tonight?

MR. EARNEST:  I do believe that there is a receiving line that is associated with the dinner tonight.  In terms of specific conversations that the President will have, I can’t give you a script or a checklist for each one.  But the President is certainly pleased that we have so many leaders from the African continent here in the United States of America.  The President is looking forward to hosting them here at the White House tonight for a dinner that at least for a brief period of time in their visit here to the United States they won’t be focused on business and will have an opportunity to hopefully have a little bit of fun tonight.

Q    And also, I know that the invitation had gone out to President Kenyatta, but I never heard if he actually accepted.  Do you know if he’s here?

MR. EARNEST:  I don’t have the detailed list of those who are participating in the dinner, but I think we’ll get that list out tonight as we often do with state dinners.  In terms of their participation in the summit, I’d refer you to the State Department.  They may be able to give you some more information. 

Q    Is this is a state dinner?

MR. EARNEST:  It’s my understanding that it is a formal dinner at the White House.  I don’t know if it’s in compliance with the diplomatic protocol in place that describes some dinners as state dinners and some dinners as something else.  But I know it will be a very formal occasion, and the President is honored to host so many world leaders here at the White House tonight.

Alexis.

Q    Josh, Affordable Care Act question.  Because the summer into the fall is a period of time in which consumers might be learning more about the premium pricing for the 2015 enrollment period, what role does the President hope to play going into the fall to educate consumers about what they should be doing?  As you know, there’s been reporting that in some state-based exchanges the premiums may be going up considerably.  And I’m just trying to figure out what kind of planning the White House has going forward.

MR. EARNEST:  This is a pertinent question.  I’m glad that you raised it.  It’s important to remember that what we are seeing in marketplaces all across the country is that consumers were able to find in many markets very affordable options for ensuring their family had access to quality health care.  That was one of the principal goals of the Affordable Care Act and one that we are gratified by.

In fact, the recent HHS analysis found that the average premium after tax credits was just $82 a month.  And again, that is health care that meets standards that were set in place by HHS to ensure that quality health care would be available.

You’ll recall that before the Affordable Care Act, premium hikes year over year were generally around 15 percent a year.  So we did see this sig increase in the cost of premiums year over year before the Affordable Care Act went into effect.  And now that we’re in the early stages of the Affordable Care Act, we’ll be able to evaluate what impact that does have on premium prices.  And that is something that individual states are starting to do.

What we have seen more broadly, as a general matter, is that since the Affordable Care Act went into effect, that the cost of health care has -- or the growth in the cost of health care has declined.  And we certainly -- we’re pleased to see those kinds of broader trends.  But what’s important is to make sure that those trends also benefit individuals, particularly when they’re shopping in marketplaces.

The last thing that’s also important to remember is that premium filings are the subject of a negotiation.  So some of these early reports that you see in states are merely the opening offer -- or the opening bid that’s placed by insurance companies, and that they are subject to a negotiation process that last year you’ll recall resulted in a reduction in price for a large number of consumers across the country.

Q    And so that process, is that something that the administration is monitoring closely -- dealing with and talking to insurance companies?  For instance, as you know, there’s a report that in Florida, the risk pool is skewed older and therefore insurance companies are saying they would like to raise the premium rates for 2015.  So in those cases, is there -- and you’re saying it can be adjusted -- but is the administration monitoring that and talking to insurance companies?

MR. EARNEST:  We’re certainly aware of those ongoing conversations that are principally taking place between insurance companies and state officials.  You’ll recall that at the very end of the open enrollment period this spring, the President convened meetings both with -- separate meetings -- with state officials and with insurance executives from across the country to talk about this very issue. 

So this is something that the President and this administration, and even officials here at the White House have been focused on for a number of months now.  And we certainly are committed to making sure that as this process gets resolved and as the premium levels get set, that there continues to be quality, affordable options for consumers all across the country, in many cases for consumers that didn’t previously have access to options like this.

Q    On Jon’s question earlier, because the President was already scheduled to see Secretary Hagel this afternoon, is there any chance that that might be opened up and he might comment on the tragedy?

MR. EARNEST:  I don’t have changes in the President’s schedule to announce at this point, but if there are any changes that are made we’ll definitely let you know.

Zeke.  I’ll give you the last one.

Q    In his call to General Dunford this morning, the President asked for an assessment of whether the existing force protection measures in Afghanistan were adequate and whether any sort of -- whether the troop levels out of the rest of the year or into the next year or the year after that need to be revisited as a result of force protection concerns.

MR. EARNEST:  I don’t want to prejudge the outcome of an investigation that, of course, is just starting.  But, Zeke, the President is very concerned about making sure that our men and women in uniform in Afghanistan who are doing very dangerous work have sufficient protection.  Again, it’s dangerous and not the kind -- and involves taking on some risk.  But if there are policies and protocols that can be put in place to try to mitigate that risk, the President is certainly open to suggestions from the Department of Defense for those kinds of recommendations. 

This is something that the President spends a lot of time thinking about.  And, again, while I would not want to be in a position to prejudge the outcome of that investigation --

Q    Would he be open to sort of more -- if the Pentagon came back and said we need more troops in order to sort of adequately protect the forces on the ground, is that something the President would be open to?

MR. EARNEST:  I think that the President has been pretty clear about the troop levels that he’s committed to and what our strategy will look like over the course of the next couple of years.  I think the question would be, are there steps and protocols that can be put in place to ensure the safety and security of those the President has ordered to be serving in Afghanistan for the next couple of years.

And so if there are suggestions for a change in protocol or procedure that come from the Department of Defense, the President will, of course, give them very serious consideration and, if necessary, work alongside the Department of Defense to implement them effectively.

Thanks, everybody.

END
1:46 P.M. EDT

The White House

Office of the Press Secretary

Remarks by the President at the U.S.-Africa Business Forum

Mandarin Oriental Hotel
Washington, D.C.

3:20 P.M. EDT

THE PRESIDENT:   Thank you so much.  Thank you.  Please be seated.  Well, good afternoon, everybody.  To Mayor Bloomberg, thank you -- not only for the kind introduction, but to Bloomberg Philanthropies as our co-host, and for the great work that you’re doing across Africa to help create jobs, and promote public health, encourage entrepreneurship, especially women.  So thank you very much, Michael, for your leadership.  I want to thank our other co-host -- my great friend and tireless Commerce Secretary, Penny Pritzker.  (Applause.)  

I want to welcome all of our partners who are joining us from across Africa -- heads of state and government, and let me welcome the delegations from Sierra Leone, Liberia and Guinea, with whom we are working so urgently to control the Ebola outbreak and whose citizens are in our thoughts and prayers today.  I also want to welcome Madame Chairperson Dlamini-Zuma of the African Union Commission; President of the African Development Bank, Donald Kaberuka; as well as the President of the World Bank, Dr. Jim Kim.  Please give them all a round of applause.  (Applause.) 

And I want to acknowledge members of Congress who are here and who are such great champions of Africa’s engagement with -- America’s engagement with Africa.  In a city that does not always agree on much these days, there is broad bipartisan agreement that a secure, prosperous and self-reliant Africa is in the national interest of the United States.

And most of all, I want to thank all of you -- the business leaders, the entrepreneurs both from the United States and from across Africa who are creating jobs and opportunity for our people every day.  And I want to acknowledge leaders from across my administration who, like Penny, are your partners, including our U.S. Trade Representative, Mike Froman; USAID Administrator Raj Shah; and our new head of the Millennium Challenge Corporation, Dana Hyde; President of the Export-Import Bank, Fred Hochberg; Director of the U.S. Trade and Development Agency, Lee Zak; and our President and CEO of OPIC, Elizabeth Littlefield. 

So we are here, of course, as part of the U.S.-Africa Leaders Summit -- the largest gathering any American President has ever hosted with African heads of state and government.  And this summit reflects a perspective that has guided my approach to Africa as President.  Even as Africa continues to face enormous challenges, even as too many Africans still endure poverty and conflict, hunger and disease, even as we work together to meet those challenges, we cannot lose sight of the new Africa that’s emerging.

We all know what makes Africa such an extraordinary opportunity.  Some of the fastest-growing economies in the world.  A growing middle class.  Expanding sectors like manufacturing and retail.  One of the fastest-growing telecommunications markets in the world.  More governments are reforming, attracting a record level of foreign investment.  It is the youngest and fastest-growing continent, with young people that are full of dreams and ambition. 

Last year in South Africa, in Soweto, I held a town hall with young men and women from across the continent, including some who joined us by video from Uganda.  And one young Ugandan woman spoke for many Africans when she said to me, “We are looking to the world for equal business partners and commitments, and not necessarily aid.  We want to do [business] at home and be the ones to own our own markets.”  That’s a sentiment we hear over and over again.  When I was traveling throughout Africa last year, what I heard was the desire of Africans not just for aid, but for trade and development that actually helps nations grow and empowers Africans for the long term.

As President, I’ve made it clear that the United States is determined to be a partner in Africa’s success -- a good partner, an equal partner, and a partner for the long term.  (Applause.)  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.  (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.  That’s the kind of partnership America offers.

And since I took office, we’ve stepped up our efforts across the board.  More investments in Africa; more trade missions, like the one Penny led this year; and more support for U.S. exports.  And I’m proud -- I’m proud that American exports to Africa have grown to record levels, supporting jobs in Africa and the United States, including a quarter of a million good American jobs.

But here’s the thing:  Our entire trade with all of Africa is still only about equal to our trade with Brazil -- one country.  Of all the goods we export to the world, only about one percent goes to Sub-Saharan Africa.  So we’ve got a lot of work to do.  We have to do better -- much better.  I want Africans buying more American products.  I want Americans buying more African products.  I know you do, too.  And that’s what you’re doing today.  (Applause.)

So I’m pleased that in conjunction with this forum, American companies are announcing major new deals in Africa.  Blackstone will invest in African energy projects.  Coca-Cola will partner with Africa to bring clean water to its communities.  GE will help build African infrastructure.  Marriott will build more hotels.  All told, American companies -- many with our trade assistance -- are announcing new deals in clean energy, aviation, banking, and construction worth more than $14 billion, spurring development across Africa and selling more goods stamped with that proud label, “Made in America.”

And I don’t want to just sustain this momentum, I want to up it.  I want to up our game.  So today I’m announcing a series of steps to take our trade with Africa to the next level.

First, we’re going to keep working to renew the African Growth and Opportunity Act -- and enhance it.  (Applause.)  We still do the vast majority of our trade with just three countries -- South Africa, Nigeria and Angola.  It’s still heavily weighted towards the energy sector.  We need more Africans, including women and small- and medium-sized businesses, getting their goods to market.  And leaders in Congress -- Democrats and Republicans -- have said they want to move forward.  So I’m optimistic we can work with Congress to renew and modernize AGOA before it expires, renew it for the long term.  We need to get that done.  (Applause.)

Second, as part of our “Doing Business in Africa” campaign, we’re going to do even more to help American companies compete.  We’ll put even more of our teams on the ground, advocating on behalf of your companies.  We’re going to send even more trade missions.  Today, we’re announcing $7 billion in new financing to promote American exports to Africa.  Earlier today, I signed an executive order to create a new President’s advisory council of business leaders to help make sure we’re doing everything we can to help you do business in Africa.  (Applause.)

And I would be remiss if I did not add that House Republicans can help by reauthorizing the Export-Import Bank.  That is the right thing to do.  (Applause.)  I was trying to explain to somebody that if I’ve got a Ford dealership and the Toyota dealership is providing financing to anybody who walks in the dealership and I’m not, I’m going to lose business.  It’s pretty straightforward.  We need to get that reauthorized.  (Applause.)  And you business leaders can help make clear that it is critical to U.S. business. 

Number three, we want to partner with Africa to build the infrastructure that economies need to flourish.  And that starts with electricity, which most Africans still lack.  That’s why last year while traveling throughout the continent, I announced a bold initiative, Power Africa, to double access to electricity in Sub-Saharan Africa and help bring electricity to more than 20 million African homes and businesses. 

Now, we’ve joined with African governments, the African Development Bank, and the private sector -- and I will tell you, the response has exceeded our projections.  It has been overwhelming.  Already, projects and negotiations are underway that, when completed, will put us nearly 80 percent of the way toward our goal.  On top of the significant resources we’ve already committed, I’m announcing that the United States will increase our pledge to $300 million a year for this effort. 

And as of today -- including an additional $12 billion in new commitments being announced this week by our private sector partners and the World Bank and the government of Sweden -- we’ve now mobilized a total of more than $26 billion to Power Africa just since we announced it -- $26 billion.  (Applause.)  So today we’re raising the bar.  We decided we’re meeting our goal too easily, Zuma, so we’ve got to go up.  So we’re tripling our goal, aiming to bring electricity to more than 60 million African homes and businesses that can spark growth for decades to come.  (Applause.)

Fourth, we’ll do more to help Africans trade with each other, because the markets with the greatest potential are often the countries right next door.  And it should not be harder to export your goods to your neighbor than it is to export those goods to Los Angeles or to Amsterdam.  (Applause.)  So through our Trade Africa initiative, we’ll increase our investments to help our African partners build their own capacity to trade, to strengthen regional markets, make borders more efficient, modernize the customs system.  We want to get African goods moving faster within Africa, as well as outside of Africa.

And finally, we’re doing more to empower the next generation of African entrepreneurs and business leaders -- it’s young men and women, like our extraordinary Mandela Washington Fellows that I met with last week.  And I have to say to the heads of state and government, you would have been extraordinarily proud to meet these young people who exhibit so much talent and so much energy and so much drive. 

With new Regional Leadership Centers and online courses, we’re going to offer training and networking for tens of thousands of young entrepreneurs across Africa. New grants will help them access the capital they need to grow.  Our annual Global Entrepreneurship Summit this year will be held in Morocco.  Next year, it will be held for the first time in Sub-Saharan Africa -- because we want to make sure that all that talent is tapped and they have access to the capital and the networks and the markets that they need to succeed.  Because if they succeed, then the countries in which they live will succeed.  They’ll create jobs.  They’ll create growth.  They’ll create opportunity.

So the bottom line is the United States is making a major and long-term investment in Africa’s progress.  And taken together, the new commitments I’ve described today -- across our government and by our many partners -- total some $33 billion.  And that will support development across Africa and jobs here in the United States.  Up to tens of thousands of American jobs are supported every time we expand trade with Africa. 

As critical as all these investments are, the key to unlocking the next era of African growth is not going to be here in the United States, it’s going to be in Africa.  And so, during this week’s summit, we’ll be discussing a whole range of areas where we’re going to have to work together -- areas that are important in their own right, but which are also essential to Africa’s growth. 

Capital is one thing.  Development programs and projects are one thing.  But rule of law, regulatory reform, good governance -- those things matter even more, because people should be able to start a business and ship their goods without having to pay a bribe or hire somebody’s cousin.

Agricultural development is critical because it’s the best way to boost incomes for the majority of Africans who are farmers, especially as they deal with the impacts of climate change. 

Rebuilding a strong health infrastructure, especially for mothers and children, is critical because no country can prosper unless its citizens are healthy and strong, and children are starting off with the advantages they need to grow to their full potential. 

And we’re going to have to talk about security and peace, because the future belongs to those who build, not those who destroy.  And it’s very hard to attract business investment, and it’s very hard to build infrastructure, and it’s very hard to sustain entrepreneurship in the midst of conflict.

So I just want to close with one example of what trade can help us build together.  Kusum Kavia was born in Kenya; her family was originally from India.  Eventually, she emigrated to the United States and along with her husband started a small business in California.  It started off as a small engineering firm.  Then it started manufacturing small power generators.  With the help of the Export-Import Bank -- including seminars and a line of credit and risk insurance -- they started exporting power generators to West Africa.  In Benin, they helped build a new electric power plant.

And it’s ended up being a win-win for everybody.  It’s been a win for their company, Combustion Associates, because exports to Africa have boosted their sales, which means they’ve been able to hire more workers here in the United States.  They partner with GE; GE is doing well.  Most of their revenues are from exports to Africa.  It’s been a win for their suppliers in Texas and Ohio and New York.  It’s been a win for Benin and its people, because more electricity for families and businesses, jobs for Africans at the power plant because the company hires locally and trains those workers.  And they hope to keep expanding as part of our Power Africa initiative. 

So this is an example of just one small business.  Imagine if we can replicate that success across our countries. 

Kusum says, “When our customers see the label, ‘Made in America,’ when they see our flag, it puts us above all the competition.”  And her vision for their company is the same vision that brings us all here today.  She says, “We really want to have a long-term partnership with Africa.”  So Kusum is here.  I had a chance to meet her backstage.  Where is she?  Right there.  Stand up, Kusum.  So she’s doing great work.  Thank you so much.  (Applause.)

But she’s an example of what’s possible -- a long-term partnership with Africa.  And that’s what America offers.  That’s what we’re building.  That’s the difference we can make when Africans and Americans work together.  So let’s follow Kusum’s lead.  Let’s do even more business together.  Let’s tear down barriers that slow us down and get in the way of trade.  Let’s build up the infrastructure -- the roads, the bridges, the ports, the electricity -- that connect our countries.  Let’s create more and sell more and buy more from each other.  I’m confident that we can.  And when we do, we won’t just propel the next era of African growth, we’ll create more jobs and opportunity for everybody -- for people here in the United States and for people around the world.  

So thank you very much, everybody, for what so far has been an outstanding session.  And I’ve got the opportunity to speak to this young man.  (Applause.)

Q    So thank you very much, Mr. President for this opportunity.  I’ll start by wishing you a belated Happy Birthday.

THE PRESIDENT:  Thank you. 

Q    Thank you very much.  (Laughter.) 

THE PRESIDENT:  Have you introduced yourself to everybody?

Q    I wanted to really jump into the issues.  (Laughter.) 

THE PRESIDENT:  Yes, go ahead and introduce yourself. 

Q    All right.  I’m Takunda Chingonzo.  I’m a young entrepreneur.  I’m 21.  I’m from Zimbabwe.  And I’m working in the wireless technology space.  We’re essentially liberating the Internet for Zimbabweans.  (Applause.) 

THE PRESIDENT:  And let me just -- this is an example of our young African leaders; in fact, the youngest young African leader.  But one thing I will say, though, if you’re going to promote your business, you’ve got to make sure to let people know who you are.  (Laughter.)

Q    Definitely, definitely.

THE PRESIDENT:  Just a little tip. 

Q    Definitely.

THE PRESIDENT:  You can’t be shy, man.  (Laughter.)  Please, go ahead.

Q    That’s correct, Mr. President.  So I was really going to start by delving into a personal experience.  I was going to get to my business and how I got to where we are.

So as I was saying, we’re working in the technology space.  I’m working on my third startup -- it’s called Saisai.  We’re creating Zimbabwe’s first free Internet-access network, hence liberating the Internet.  So in our working, we came to a point in time where we needed to import a bit of technology from the United States, and so we were engaging in conversation with these U.S.-based businesses.  And the response that we got time and time again was that unfortunately we cannot do business with you because you are from Zimbabwe.  And I was shocked -- this doesn’t make sense.

And so this is the exact same experience that other entrepreneurs that are in Zimbabwe have gone through, even through the meetings that I’ve had here.  You know, you sit down with potential investors, you talk about the project, the outlook, the opportunity, the growth and all that -- and they’re excited, you can see.  All systems are firing, right?  And then I say I’m from Zimbabwe and they look at me and they say, young man, this is a good project, very good, very good, but unfortunately we cannot engage in business with you.

And I understand that the sanctions that we have -- that are imposed on entities in Zimbabwe, these are targeted sanctions, right?  But then we have come to a point in time where we as young Africans are failing to properly engage in business with U.S.-based entities because there hasn’t been that clarity.  These entities believe that Zimbabwe is under sanctions.  So what really can we do to do try and clarify this to make sure that we as the young entrepreneurs can effectively develop Africa and engage in business?

THE PRESIDENT:  Well, obviously, the situation in Zimbabwe is somewhat unique.  The challenge for us in the United States has been how do we balance our desire to help the people of Zimbabwe with what has, frankly, been a repeated violation of basic democratic practices and human rights inside of Zimbabwe.

And we think it is very important to send clear signals about how we expect elections to be conducted, governments to be conducted -- because if we don’t, then all too often, with impunity, the people of those countries can suffer.  But you’re absolutely right that it also has to be balanced with making sure that whatever structures that we put in place with respect to sanctions don’t end up punishing the very people inside those countries. 

My immediate suggestion -- and this is a broader point to all the African businesses who are here, as well as the U.S. businesses -- is to make sure that we’re using the Department of Commerce and the other U.S. agencies where we can gather groups of entrepreneurs and find out exactly what can be done, what can’t be done, what resources are available.  It may be that you and a group of entrepreneurs in Zimbabwe are able to meet with us and propose certain projects that allow us to say this is something that will advance as opposed to retard the progress for the Zimbabwean people.

So what I’d suggest would be that we set up a meeting and we find out what kinds of things that the young entrepreneurs of Zimbabwe want to do, and see if there are ways that we can work with you consistent with the strong message that we send about good governance in Zimbabwe.

Q    I see.  Because really -- the point of emphasis really is that as young Africans we want to converse with other business entities here in the U.S., and if these sanctions are really targeted, then in honest truth, they aren’t supposed to hamper the business that we’re trying to engage in, the development that we’re talking about.

THE PRESIDENT:  Well, let’s see if we can refine them further based on some of the things you’re talking about.

Q    That’s all right.  Now, there have been a good number of investments that have been announced here -- multibillion-dollar investments in Africa -- and we’re really excited.  And there’s been a lot of talk about how the public and private partnerships are the vehicle through which this investment will come into Africa, but I really want to bring it to a point of clarity.  I believe that the private sector is stratified in itself.  We have the existing indigenous businesses in these countries that you’re hoping to invest in, and this is where usually the funding comes through -- the partnerships and all that.  That is well and fine.

But then, underneath that, we have these young, upcoming entrepreneurs -- the innovators, those that come up with products and services that disrupt the industry.  And this is the innovation that we want in Africa, to build products by Africans for Africans.  But in most cases, in what we have seen over the past years, is that, indeed, this investment comes through but it never cascades down to these young entrepreneurs, the emerging businesses.  And so the existing businesses then form a sort of ceiling which we cannot break through.

When it comes to investment, when you’re talking about solving unemployment, I believe that it’s more realistic to assume and understand that the probability of 10 startups employing 10 people in a given time period, it’s more realistic than one indigenous company employing 100 people. 

So what really has been -- or rather, has there been any consideration in these deals that have been structured in the investments that you announced to cater for the young entrepreneur who is trying to innovate to solve the problems in society?

THE PRESIDENT:  Well, first of all, I think for the business leaders who are here, both African and U.S., it’s hard being a startup everywhere.

Q    That’s true.

THE PRESIDENT:  Part of what you’re describing is typical of business around the world:  Folks who are already in, they don’t necessarily want to share.  They don’t want to be disrupted.  If there’s a good opportunity, they’d rather do it themselves.  If they see a small up-and-coming hotshot who might disrupt their business, they may initially try to block you or they may try to buy you out.  And getting financing for a startup is always going to be difficult.  You hear that from entrepreneurs here in the U.S. as well.

Having said that, what is absolutely true is that as we think about the billions of dollars that we’re mobilizing, we want to make sure that small businesses, medium-size businesses, women-owned businesses -- that they have opportunity.  And so my instructions to all of our agencies and hopefully the work that we're doing with all of our partners is how can we identify, target financing for the startup; how can we identify and link up U.S. companies with small and medium-size businesses and not just the large businesses?  And I think you are absolutely right that by us trying to spread investment, not narrowly through one or two companies but more broadly, that the opportunities for success in those countries are higher, and it also creates a healthy competition.

And that's true also in terms of how we're designing – for example, our Feed the Future program, which is working with almost 2 million small farmers inside of Africa.  When I was in Senegal, I met with a woman, maybe in her 30s; she had a small plot of land initially.  Through the Feed the Future program, she had been able to mechanize, double her productivity.  By doubling her productivity and, through a smartphone, getting better prices to the market, she was able to increase her profits.  Then she bought a tractor.  Then she doubled her productivity again.  And suddenly what had started off as just a program to increase her income had become capital for a growing business where she was now hiring people in her area and doing some of the process of the grain that she grew herself, so that she could move up the value chain.

There are entrepreneurs like that all across Africa.  Sometimes the capital they need is not very large.  Sometimes it's a fairly modest amount.  And so what I want to do is to make sure that we are constantly looking out for opportunities to disburse this capital not just narrowly, but broadly.  And one of the things that I hope happens with U.S. companies is that they’re constantly looking for opportunities to partner with young entrepreneurs, startups, and not just always going to the same well-established businesses.

Now, there are going to be some large-capital projects where you’ve got a good, solid, established company.  Hopefully they, themselves, have policies with respect to their suppliers that allow them to start encouraging and growing small businesses as well.

Q    Exactly.  And on that note, I'm glad that you acknowledged that and I hope that even in these deals, in the investments that you're talking about, that one of the conditions be that those large organizations that are getting investment have policies that cascade down to people at the grassroots.

You spoke about this lady who was using a smartphone to -- it is one key issue that is really propelling business and development in Africa, the ability to leverage technology.  And really it is all about the Internet of things.  And that is why I'm personally working in liberating the Internet to get more people connected. 

Now, this is a huge opportunity in Africa as well.  Now, there is this troubling issue that has been brought to our attention with entities and organizations that have come up and have said we want to control the Internet, we want to see who gets what traffic and from whom.  And policies and activities like that become challenges for startups that are trying to leverage the Internet, for this lady farmer that you talked about who is trying to leverage and get information from the Internet.

So I want to understand what is your stance on net neutrality and its effects on the global development in Africa?

THE PRESIDENT:  Well, this is an important issue for all the heads of state and government not just in Africa but around the world.  The reason the Internet is so powerful is because it's open.  My daughters, 16 and 13, they can access information from anyplace in the world.  They can learn about a particular discipline instantaneously, in ways that when I was their age -- first of all, I wasn’t as motivated as they are.  I was lazier than them.  (Laughter.)  They do much better in school than I did.  But the world is at their fingertips. 

And what facilitates that, and what has facilitated the incredible value that's been built by companies like Google and Facebook and so many others, all the applications that you find on your smartphone, is that there are not restrictions, there are not barriers to entry for new companies who have a good idea to use this platform that is open to create value.  And it is very important I think that we maintain that.

Now, I know that there’s a tension in some countries -- their attitude is we don't necessarily want all this information flowing because it can end up also being used as a tool for political organizing, it can be used as a tool to criticize the government, and so maybe we’d prefer a system that is more closed.  I think that is a self-defeating attitude.  Over the long term, because of technology, information, knowledge, transparency is inevitable.  And that's true here in the United States; it's true everywhere.

And so what we should be doing is trying to maintain an open Internet, trying to keep a process whereby any talented person who has an idea can suddenly use the Internet to disperse information.  There are going to be occasional tensions involved in terms of us monitoring the use of the Internet for terrorist networks or criminal enterprises or human trafficking.  But we can do that in ways that are compatible with maintaining an open Internet.

And this raises the broader question that I mentioned earlier, which is Africa needs capital; in some cases, Africa needs technical assistance; Africa certainly needs access to markets.  But perhaps the biggest thing that Africa is going to need to unleash even more the potential that's already there and the growth that's already taking place is laws and regulations and structures that empower individuals and are not simply designed to control or empower those at the very top. 

And the Internet is one example.  You’ve got to have a system and sets of laws that encourage entrepreneurship, but that's also true when it comes to a whole host of issues.  It's true when it comes to how hard is it to get a business permit when a new startup like yours wants to establish itself.

When it comes to Power Africa, there are billions of dollars floating around the world that are interested in investing in power generation in Africa.  And the countries that are going to attract that investment are the ones where the investor knows that if a power plant is built, that there are rules in place that are transparent that ensure that they’re going to get a decent return, and that some of the revenue isn't siphoned off in certain ways so that the investor has political risks or risks with respect to corruption. 

The more that governments set up the right rules, understanding that in the 21st century the power that drives growth and development and the marketplace involves knowledge and that can't be controlled, the more successful countries are going to be.

Q    I see.  So just to clarify on the issue of net neutrality, you are advocating for an open and fair Internet --

THE PRESIDENT:  Yes.

Q    -- which would -- then it has structure to ensure that the platform itself isn't abused.

THE PRESIDENT:  Well, there are two issues -- net neutrality -- in the United States, one of the issues around net neutrality is whether you are creating different rates or charges for different content providers.  That's the big controversy here.  You have big, wealthy media companies who might be willing to pay more but then also charge more for more spectrum, more bandwidth on the Internet so they can stream movies faster or what have you.

And I personally -- the position of my administration, as well as I think a lot of companies here is you don’t want to start getting a differentiation in how accessible the Internet is to various users.  You want to leave it open so that the next Google or the next Facebook can succeed. 

There’s another problem, though -- there are other countries -- and I think this is what you were alluding to -- that feel comfortable with the idea of controlling and censoring Internet content in their home countries, and setting up rules and laws about what can or cannot be on the Internet.  And I think that that not only is going to inhibit entrepreneurs who are creating value on the Internet; I think it’s also going to inhibit the growth of the country generally, because closed societies that are not open to new ideas, eventually they fall behind.  Eventually, they miss out on the future because they’re so locked into trying to maintain the past.

Q    I see.  Thank you for the clarity.  I think we’re out of a bit of time.  I’ll ask my final question.  When we began this conversation, we were alluding to the fact that -- the need to separate the political function and economic function.  In other words, politics should not get in the way of business.  And I’ve gone to quite a good number of -- I know it’s difficult -- so I’ve gone to a good number of conferences where the end deliverable of the entire summit, or whatever it is, is that we need to lobby government to create policies that are conducive, and this and that.  And that’s usually what you get -- either you’re trying to lobby somebody to do something, right?  And, in turn, governments come up and say, yes, we promise to come up with this and that, and this and that.  And that’s a whole political sphere of things.  My question is, apart from that, what can we as business leaders, as the private sector, what can we do sort of independently to -- what can we do to create this economic environment that fosters for the growth and development of Africa as a continent?

THE PRESIDENT:  Well, look, although this isn’t always a popular position here in Washington these days, the truth is, is that government really can help set the conditions and the framework for markets to function effectively -- in part because governments are able to initiate projects like roads and bridges and airports that any individual business would find cost prohibitive.  It wouldn’t make sense to invest in what is a collective good; it’s not going to help your bottom line if everybody else is using it.  So that’s part of the function of government.

Part of the function of government is to educate a population so that you got a well-trained workforce.  It’s hard for companies to invest in doing that by themselves.  There are certain common goods, like maintaining clean air and clean water, and making sure that if you have capital markets, that they’re well-regulated so that they’re trust-worthy, and small investors and large investors know that if they invest in a stock that they’re not being cheated. 

So there are a whole host of functions that government has to play.  But in the end, what drives innovation typically is not what happens in government, it’s what’s happening in companies.  And what we found in the United States is, is that companies, once they’ve got the basic rules and they’ve got the basic platform, they are able to create value and innovation and cultures that encourage growth.  And I think that African entrepreneurs are going to be the trendsetters for determining how societies think about themselves and, ultimately, how governments think about these issues.

The truth of the matter is, is that if you have big, successful companies or you’ve got widespread entrepreneurship, and you have a growing middle class and practices have been established in terms of fair dealing, and treating your workers properly, and extending opportunity to smaller contractors, and promoting women and making sure women are paid like men -- suddenly, what happens is businesses create new norms and new sensibilities.  And governments oftentimes will respond. 

And so I think in Africa what I’d like to see more and more of is partnerships between American businesses, between African businesses.  Some of the incredible cultures of some of our U.S. businesses that do a really good job promoting people and maintaining a meritocracy, and treating women equally, and treating people of different races and faiths and sexual orientations fairly and equally, and making sure that there are typical norms of how you deal with people in contracts and respect legal constraints -- all those things I think can then take root in a country like Zimbabwe or any other country.  Hopefully, governments are encouraging that, not inhibiting that.  They recognize that that’s how the world as a whole is increasingly moving in that direction.  And over time, you will see an Africa that is driven by individual entrepreneurs and private organizations, and governments will be responsive to their demands. 

So I think the one thing I want to make sure people understand, though, is it’s not an either/or issue.  Government has a critical role to play.  The marketplace has a critical role to play.  Nonprofit organizations have a critical role to play.  But the goal and the orientation constantly should be how do we empower individuals to work together.  And if we are empowering young people like you all across Africa, if we’ve got a 21-year-old who has already started three businesses, we’ve got to figure out how to invest in him, how to make it easier for him to succeed.  If you succeed, you’re going to then be hiring a whole bunch of people, and they, in turn, will succeed.  And that’s been the recipe for growth in the 20th century and the 21st century. 

And I’m confident that Africa is well on its way.  America just wants to make sure that we’re helpful in that process.  And I know that all the U.S. companies who are here, that’s their goal as well.  We are interested in Africa, because we know that if Africa thrives and succeeds, and if you’ve got a bunch of entrepreneurs, they’re going to need supplies from us maybe, or they may supply us with outstanding products; they’re going to have a growing middle class that wants to buy iPhones or applications from us.  In turn, they may provide us new services and we can be the distributor for something that’s invented in Africa, and all of us grow at the same time. 

That’s our goal, and I’m confident that we can make it happen.  And this summit has been a great start.  So I want to thank you for doing a great job moderating.  I want to thank all the leaders here not only of government, but also business for participating.  There’s been great energy, great enthusiasm.  I know a lot of business has gotten done.  If any of you are interested in investing in this young man, let him know.  (Laughter.) 

All right, thank you, guys. 

END
4:05 P.M. EDT