Obama pledges $33B in commitments for Africa

President Barack Obama pauses as he speaks at the US Africa Business Forum during the US Africa Leaders Summit, Tuesday, Aug. 5, 2014, at the Mandarin Oriental Hotel in Washington. African heads of state are gathering in Washington for an unprecedented summit to promote business development. (AP Photo/Charles Dharapak) Seeking to strengthen America’s financial foothold in Africa, President Barack Obama announced $33 billion in commitments Tuesday aimed at shifting U.S. ties with Africa beyond humanitarian aid and toward more equal economic partnerships.

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