private sector trade and investment on the continent.
In his remarks to the Nairobi American Chamber of Commerce , Mr. Froman emphasized the role the private sector and foreign direct invest from the United States can play as African economies such as Kenya's continue to grow. He noted that "...if the countries of Sub-Saharan Africa are to meet their goals of reducing poverty and expanding opportunity, it will because they become the next generation of emerging markets - countries whose growth is driven increasingly by investments, not assistance, not aid." Mr. Froman did caution, though, that "...we will not be able to meet our economic goals absent strong democratic institutions or without peace and security."
Mr. Froman and a major delegation of Presidential Advisors, Senior Security Council Staff and administration officials are consulting with
political leaders, manufacturers, and investors in four African countries (Kenya, Ethiopia, Tanzania, and Nigeria) as they discuss and
promote President Obama's Strategy for Sub-Saharan Africa issued by the White House in June of this year.
The complete text of Mr. Froman's speech to the Chamber is attached.
In his remarks to the Nairobi American Chamber of Commerce , Mr. Froman emphasized the role the private sector and foreign direct invest from the United States can play as African economies such as Kenya's continue to grow. He noted that "...if the countries of Sub-Saharan Africa are to meet their goals of reducing poverty and expanding opportunity, it will because they become the next generation of emerging markets - countries whose growth is driven increasingly by investments, not assistance, not aid." Mr. Froman did caution, though, that "...we will not be able to meet our economic goals absent strong democratic institutions or without peace and security."
Mr. Froman and a major delegation of Presidential Advisors, Senior Security Council Staff and administration officials are consulting with
political leaders, manufacturers, and investors in four African countries (Kenya, Ethiopia, Tanzania, and Nigeria) as they discuss and
promote President Obama's Strategy for Sub-Saharan Africa issued by the White House in June of this year.
The complete text of Mr. Froman's speech to the Chamber is attached.
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