Doing Business in Africa, Critical to Global Growth - U.S.

The United States government yesterday stressed the need and importance for foreign investors in the country and across the world to do businesses in the African continent.

Speaking at ongoing African-US Trade Exhibition held at the Baltimore Convention Center, the Governor of Maryland State, Mr. Martin O'Malley, maintained that doing businesses with Africa was
very important to the United States-African community and the United States-Africa trade, which he said had grown to $21 Billion in the last decade.

During the event the governor further stressed that such business investment with the African continent was also a valuable opportunity for the US economy.  In recent years, China has eclipsed the US and Europe in its trade with Africa, something that has alarmed Western leaders. US President Barack Obama will tour Sub Saharan Africa between June 26 and July 3, perhaps to try and revive US investment in the continent amid heavy competition from China, India, and Brazil.

Posted in: Business News,Politics and policy