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Article

1 Aug 2014

Author:
Stephen Yeboah, in Africa Progress Panel

Columnist urges U.S.-Africa Summit to discuss "fair, ethical and mutually beneficial" investments

"Fair and Ethical Investments are Key to Africa's Economic Transformation" 29 July 2014

Despite the investments pouring into Africa, however, poverty is widespread, education and health infrastructure is inadequate, and millions of children go to bed hungry. Why such a disconnect? One reason is that many investments are not made in a transparent and accountable manner. As a result African governments lose huge sums of money. Making investments fair, ethical and mutually beneficial ought to be at the heart of discussions as 50 Africa leaders gather in Washington D.C at the historic U.S.–Africa Leaders Summit on August 4-6, 2014. The summit –the first time a sitting U.S. president has invited so many African heads of state and government – offers an opportunity to lay down some ground rules for ethical investment that benefits the greatest number of Africans.

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