Obama Promotes Good Governance in Africa
Drew Angerer/Getty Images(NEW YORK) — Addressing his final U.S.-Africa Business Forum as commander-in-chief, President Obama said it’s vital to promote good governance in Africa in order for businesses to thrive on the continent.
“Graft, cronyism, corruption — it stifles growth, scares off investment. A business should begin with a handshake and not a shakedown,” the president said in New York Wednesday.
Obama stressed that Africa is “on the move” and said young people are key to progress in the country.
“If you’re over 30 there, you’re basically over the hill,” he joked.
He reflected on his trips to Africa as president — pointing out that he was the first American president to visit Sub-Saharan Africa four times, Ethiopia and Kenya — which he joked was “obligatory.”
“I would have been in trouble if I hadn’t of done that,” he said.
Obama also vowed to continue his work with African business leaders during his post-presidency.
“You should anticipate that I will be continuing to work with all of you in the years to come,” he said.
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