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Changing perceptions on display at U.S.-Africa business summit in DC

Published on June 28, 2017

"We must change the lenses with which we look at Africa from the traditional development mindset to an investment mindset," Akinwumi Adesina, president of the African Development Bank (AfDB), told last week's U.S.-Africa Business Summit.

"American companies come to Africa bringing their notebooks, while the Chinese companies come to the continent with their checkbooks," Adesina said in his keynote address in which he urged a reversal in the sharp drop in Africa's exports to the United States since 2014 and encouraged American firms "to take a closer look at the opportunities Africa has to offer."

Some 800 private-sector and government participants from Africa and the United States took part in the three-day gathering, a biennial event that CCA has hosted in various locations in the United States and Africa since 1997. Read more. Source | All Africa