The 2014 US-Africa Leaders Summit hosted by President Obama this past week brought together the largest-ever gathering of African government officials in Washington, DC. They discussed ways to bolster trade and investment by American companies on a continent where a billion people – including 200 million aged 15 to 24 – are becoming wealthier and better educated.
They have steadily rising expectations and recognize the pressing need to create jobs, improve security, reduce corruption, and control diseases like Ebola, HIV/AIDS, tuberculosis and malaria. They also understand that better roads and air transportation, improved agriculture and nutrition, and far more energy – especially electricity – are the sine qua non to achieving their aspirations. Indeed, nearly 700 million Africans still do not have electricity or get it only sporadically, a few hours a day or week. (more…)