Obama announces $33B in commitments for Africa

By Julie Pace

Published August 5, 2014 8:03pm ET

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Obama announces $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) | Charles Dharapak

WASHINGTON (AP) — 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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