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U.S.- Africa Business Forum Vice President Joe Biden CSPAN October 27, 2014 8:59pm-10:20pm EDT
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the prosperity of a community. every student in morocco, ethiopia or elsewhere who earns a degree and joins the work force represents a ripple of hope for the future of a family. every business owner in kenya or elsewhere who decides to reach new customers by exporting more goods represents a ripple of growth for the growth of a country and every african leader who embraces greater transparency and market access speeds business processes and roots out corruption represents a ripple of hope for greater prosperity for their people and for ours. so, together, these ripples of hope will form a torrential current that lifts up all of us on a wave of opportunity. this is our mission today to work together to promote the future of shared prosperity.
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for both the united states and the nations of africa. as faith mangopae told other young african leaders and president obama just this past week and i quote -- africa is no longer a sleeping giant but is awake and open for business. with the leadership in this room, we will keep the u.s./africa economic partnership open for more growth and success. we will keep the united states and africa open for business, your business. thank you very much. enjoy the day. [ applause ]. on the next washington journal, mike duncan of the american coalition for clean coal energy discussing why coal and the obama's administration
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action plan have become high profile issues in campaign 2014. after that, karen white of the national education association. she looks at why the nea plans to spend $40 million on the mid-term elections. plus your phone calls, facebook comments and tweets. washington journal on c-span live every morning at 7:00 a.m. eastern. tuesday morning the progressive policy institute holds a discussion on cyber security and the current challenges facing the federal communications commission, certaining wireless and net neutrality. you can watch that here on c-span3. more now from this year's africa summit with remarks by vice president joe biden and john kerry.
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this is an hour and 20 minutes. ladies and gentlemen, please welcome to vice president of the united states, joe biden. ♪ good afternoon, everyone. you must be tired by now. i'm probably your 412th speaker, but i'm flattered that i was invited. i want to welcome the visiting heads of state, ministers from almost every country in africa, members of the diplomatic core and members of congress, entrepreneurs, investors from across africa and the united states. and i want to recognize our co-host, a very good friend of mine, a great guy, the former mayor of new york city, michael
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bloomberg whose commitment to developing the great -- [ applause ]. he warrants clapping. whose commitment to the great potential of africa is matched only by his vision for that development. and a great champion of american business our united states secretary of commerce, penny pritzker, for all of you from africa, i would recommend get to know her. there's two things you should know about her, one she's the secretary of commerce and two, she's smarter than you. it took me a while to figure that out, about ten seconds, but she knows of what she speaks. she's excited to be co-hosting this as well. i don't have to tell the folks assembled in this room -- although with these lights i can't see you -- that africa is emerging. one of -- emerging as a continent of just incredible youthful energy and limitless
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promise. that energy is fueled by a population whose median age is less than 20 years of age. and i think the population of africa shares president obama's view when he said and i quote -- i do not see the country's and people's of africa as a world apart. i see africa as a fundamental part of an interconnected world. growing at nearly 5% last year with a gdp of more than 2.5 trillion dollars, 90 million african households have household incomes that exceed $5,000 a year. exports have quadrupled since the year 2000. more wealth has been created in the last ten years than any previous decade in history. i had an opportunity to meet with the president of south
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africa today and i made a bit of a joke. we're talking about investment, not only in south africa but around the entire continent, and mr. mayor, i said, i started my career as a 30-year-old kid trying to get businesses to disinvest in south africa and now i'm busting my neck to get them to invest. so that's the market of progress we've made here, folks. i mean, it's a completely different paradyme and it's good. america is excited about the prospects of africa because africa possesses two incredible resources. an overwhelming abundance of natural resources and the resources of its people. and both, both, its people and its natural resource, warrant significant investment and development. i would like to focus just for a moment on the people. as i said when i spoke yesterday
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at the african civil society meeting, the people of africa and their leaders are attempting to tackle the establishment of sound, political and economic institutions, the creation of wealth that reaches beyond the elites to provide people with economic opportunity throughout the continent, including women and girls, forging of peace in some countries still torn apart, protection of the health of your citizens and you all know the great talent that exists in africa. but turning that talent, even into greater capability, requires significant commitment and significant investment. but if africa's governance and institutions can put its people into position commensurate with their possibilities the sky is the limit. i mean, it is limitless. there's no region in the nation
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of africa cannot and should not join the ranks of the world's most prosperous neighs in the near term, in the decades ahead. there's simply no reason. as we look to the future to try to help realize that vision, the question is no longer -- when i got here as a young man, as a young senator on the foreign relations committee, the question was always asked, what can we do for africa? that's no longer the question. it's what can we do with africa. not what we can do for africa. what can we do together? what can we do together? and i mean that. the president means it as well. i believe there's a significant opportunity for the united states and africa to do more that benefit both our peoples. this is america's economic self interest. $50 billion in u.s. exports to
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africa already support a quarter of a million american jobs right here in the united states. africa -- african consumers are spending 1.3 trillion dollars. and that's projected to double by the year 2030. at the same time, agoa, the african growth and community act allowed more than 6,400 to reach africans duty free. ranging from vehicles to vegetables. since 2010, non-oil exports from sub sa harnt africa to the united states have almost quadrupled. i see no reason why -- this is not hyperbole, i see no reason why trade and investment between the united states and africa should not double or triple or even quadruple in the decades ahead. but to get there, each of us has
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a whole lot of work to do and no one knows that better than the people and particularly the heads of state sitting in this audience. to start, american businesses have to show up. my dad used to say to me as a young man, he said, joey, half of winning is just showing up. american businesses have to show up and they are showing up. and they're doing it in greater and greater numbers. to compete alongside india, chinese, european companies for african trade and investment. sort of stamped into our dna, we like to compete. we welcome the competition. but because its not just how much we trade and invest that matters, it's how we do it. we can always do better. but the united states is proud of the extent to which our investment in africa goes hand in hand with our efforts to hire and train locals, to foster
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economic development and not just to extract what's in the ground, to protect human lights, labor rights and protect the environment, to create new opportunities for women and girls. a famous columnist here in the united states says women are half of the sky. they are half the sky. and to win contracts and friends on the merits, not through kickbacks or bribes. this can be hard when others cut corners, but we believe it's absolutely worth it. not only to help growth but also to engrain a set of rules of the road that are fair and decent to all competitors. because the ties we are building are ties that have to last. the rules we're advancing are rules that will benefit us all. and the prosperity we are promoting is prosperity we can
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sustain together if we do it correctly at the front end. the united states government has a great deal of work to do as well to help realize the full promise of this moment. and you'll hear about that from many other u.s. officials, particularly one that will be following me in an hour and a half or so who i just left, the president of the united states. we're working with the united states congress to renew agoa before it expires next year. we're working to connect more african companies with american businesses. and the united states is also providing more direct support to make trade and investment easier. our export/import bank, financed the record $1.7 billion in exports to africa over the past ten years. we should do more. the oversees private investment corporation, opec has financed nearly $3 billion in projects
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across africa under president obama. and every dollar invested by opec has sparked on average $2.60 in additional private sector investment. u.s. trade and development agency has funded over 100 projects expected to generate over $1 billion in u.s. exports while building up the infrastructure of africa. in each of these areas, president obama will announce very shortly significant new initiatives. we're also focussed on energy. i need not tell this audience two thirds of africa is still regularly go without electricity. if we can help you power africa, that will empower the people of africa to grow their economies. that's why under president obama's leadership as he will discuss later today, the united states is helping to mobilize
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private investment and offer financing to help americans provide for -- excuse me, to help africa provide for yourselves, clean, affordable and abundant electricity, which is badly needed. today, the united states will sign a $500 million millennium challenge corporation contract with ghana to strengthen its energy sector. let me give you an example of u.s. efforts to help power africa look like in practice. last week the u.s. export/import bank authorized a loan guarantee to support long-term financing at azedu, the power plant on the ivory coast. the country is just emerging from a civil war. the commercial banks weren't ready to offer long-term financing, but america stepped up to fill the gap by guaranteeing a loan for the west african development bank. and in so doing, we are helping
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azodo upgrade that facility to increase its output by nearly 50%. american jobs manufacturing steam turbines for export are from ska neck tany new york and maine. this is one project expected to increase the overall supply of electricity in the ivory coast by as much as 15%. and create one of the most efficient power plants in west africa. as much as we hope to accomplish in partnership with you, we also know that nothing would be more consequential to african future than the steps nations take to em pow your people to make the most of their talents. of course, to state the obvious, no two countries in africa or anywhere else are the same. no two countries will do it the same way. but there are certain common
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ingredients to success in the 21st century that have become self evident. the need for greater economic integration. a court system that adjudicates disputes fairly. a commitment to invest in all of a society's people and respect their rights. because countries that respect citizen's equal rights no matter who they love, their religion, tend to be the most attractive to attracting international talent and international investment. it's good business. it's just simply good business. rules that level the playing field for private companies, it's good business. regulations that make it easier to start businesses. today, there is genuine success, a number of stories that can be pointed to. business startups costs in africa have fallen nearly 70%.
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startup costs for businesses have fallen nearly 70% just since 2007. the time to start new business has been cut in half. it's no surprise then that 400,000 new companies worldwide have registered last year to do business in africa. that's a big deal. [ applause ]. when the world bank ranked the 50 most improved countries with respect to efficient business regulations, 20 of them, 20 of the 50 were in africa, including the most improved environment in the world, rwanda. we all know there's a great deal more work to do, but we all know the way to get it done. it's hard but we know the path. we know that in the unforgiving daylight of the global economy, investments can and will go
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elsewhere when it sees excessive regulation, a broken judiciary or wide-spread corruption. there's a reason why, mr. mayor and madame secretary, after years the united states of america is once again the destination of all the major companies in the world considered the best environment in the world to invest because we have a court system that's real. it works. corruption is de minimis, energy costs, et cetera. i think what we underestimate the most and i think the leaders all here know it, is corruption is a cancer. it's not just ethically wrong, it's economically crippling. by some measures, elicit financial flows out of africa in recent decades, including corruption, measure in the hundreds of billions of dollars.
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some studies have estimated over a trillion dollars. corruption is a global problem, it's not an african problem. it's present everywhere from the ukraine to east asia to even here in the united states. and we have to take it on together. that's why president obama helped launch the open government partnership where eight african nations, the united states and 55 other nations act together on a common commitment to a more open transparent and accountable institutions. and that's why america is doing its part to ensure our legal and financial systems cannot be exploited to launder the proceeds of corruption and theft from africa. this includes new proposals from president obama to prevent the use of unanimous u.s. registered shell companies. that's why we've joined 23 african countries in the extractive industries
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transparency initiative. that's a mouthful, but there's a lot there. because africa's natural wealth should not be stolen and repetriuated under the cover of darkness. it should enrich africa's people under the rule of law. i'm known as the mayor will tell you in the white house as the white house optimist. i feel very good about that because when they say that it implies i'm the new guy that i haven't been around a long while. i've been there longer than all of them, but i'm more optimistic today than i have when i got elected as a 29-year-old kid as a united states senator, because the promise and potential around the world, particularly in africa, is immense. it is immense. and africa's economic future is profound. i'm optimistic about my own
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country. you know, i have traveled about a million miles just since being vice president. and i don't think there's a major leader in the world i haven't met over the last 30 years, just because of my job, not my consequence. and i'm reminded by some world leaders what i have told them in the past and i say it again, it's never, never ever been a good bit to bet against america. it is never, ever been a good bet to bet against america. and america is betting on africa. the idea, the idea and the reality are just immense, possibilities are immense. we're betting on each other. africa on america, america on africa. and what we can accomplish together for the enormous benefit of our people. i will end, if you'll forgive
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me, by quoting one of my favorite poets. john kerry who you'll hear from next, tell me my colleagues always kidded me because i'm always quoting irish poets. they think i quote irish poets because i'm irish. that's not the reason. i quote them because they're the best poets in the world. that's why i quote them. one of my favorite contemporary poets who just passed away once wrote in a poem called "the cure of troy." he said, history says don't hope on this side of the grave. but then, once-in-a-lifetime that tidal wave of justice rises up and hope and history rhyme.
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we have a chance. you have a chance. you have a chance in africa to make hope and history rhyme in a way that has never occurred before. we want to be your partners. we want to compete for your business. we want to compete for your hearts and your interest. and we want to see you succeed because when you succeed, the entire world succeeds. thank you for giving me the time. i look forward to meeting you all tomorrow. thank you. [ applause ]. ladies and gentlemen, please welcome secretary of state of the united states, the honorable john f. kerry. ♪
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>> good afternoon, everybody. i've had a chance to be able to say a few words to a number of you at a few different events in the course of yesterday and even today, but i appreciate this chance to be part of the business forrum. i want to thank first of all the vice president, who has been a friend of mine for 35 or 40 years now, 29 of them in the senate. and i thank him for his contribution of conscious and of commitment to africa that he has made for as long as he has been in public life. in the senate, we worked hand in hand on darfur, south sudan. as the vice president said, he has traveled far and wide but especially as vice president to ghana, kenya, south africa, to help build transparent and accountable institutions and to help lift millions of people out of poverty. i also want to especially thank michael bloomberg for
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everybody -- and everybody has, it's appropriate, the bloomberg philanthropies for sponsoring this event. michael's contribution to africa comes not just in the form of this summit, but through his latest commitment of $10 million that he made just this february to african countries to build media capacity with a business focus and to promote reliability in reporting, educational opportunities and the transparencies that the vice president just talked about that markets needs in order to give capital confidence and in order to grow. and finally, i also want to thank penny pritzker. fellow member of the president's cabinet, but a terrific partner in our endeavors to make certain that people understand that in this globalized world, in the transformative societies we're living in today, that economics -- excuse me -- is not
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divorced from foreign policy. it is foreign policy. and foreign policy is economic policy. they absolutely go hand in hand and we are working very, very closely to marry the efforts of the commerce department and the state department in order to assist companies and to work for american business but also to work for the countries that we represent in terms of their interests and their vision and their aspirations. penny, as you all know, spent 30 years building a business empire, literally. she understands that the investments in africa are a two-way street. and when we help nations stand on their own two feet, we create opportunity elsewhere in the world and that everybody benefits as a result of that. now, my singular responsibility and privilege is to represent the united states of america in
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our diplomacy. i get to wear the hat of the top diplomat of the state department and it's a privilege. but i want to say something to you today that is not just from the business perspective, but comes from the wearing of that hat, which is a reflection of the people i see and the countries i visit, the leaders i meet and talk with, the aspirations that i hear, all of them express, and the firsthand opportunity i get to sink my teeth into other people's culture, other people's history and see the world as they see it and see even america as they see it. everyone here understands that we are living in a very different world from two years ago, from five years ago, ten years ago and certainly from the world that emerged with the fall of berlin wall and the end of
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the cold war. forces had been released everywhere that have changed everything because of their own ideology in many cases or in some cases just outlook on the world. but also because other things have changed. a world -- i sat with a number of young diplomats in the state department not so long ago and one of them recently minted from college in the foreign service school and this new world of technology made a very profound observation to me, which has had an impact on my thinking about power and how it works. he said that a world where power used to be defined exclusively in hierarchies, is now a world where power is defined in networks. and in much of africa and across the networked world, it is evident -- we heard the statistics earlier of the number
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of people who have cell phones in africa today -- everybody shares everything with everybody all the time. and the fact is that that changes politics. it changes the cross currents of decision making. it changes how political leaders can or can't build consensus in order to try to make decisions and bring their people along with them as they make those decisions. it also obviously profoundly changes business, something that bloomberg has understood way ahead of the curve, which is why they've been so successful. it changes hopes and dreams and aspirations. and every political leader and every business needs to be tuned into that reality no matter how hard some powerful leader of a country might desire, no one can put this jeannie back in the
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bottle and change what is happening. so, because of that, we face a very common challenge, all of us together. in africa, there are some $700 million people under the age of 30. a staggering youth bulge, unknown at any time on the face of this planet. and the fact is that all of them -- or most of them -- not all of them, but most of them with their increasing awareness of this world we live in are desperate for opportunity, yes, but also for dignity and for respect. on the other side, we all know too well there are extremists, too many radical religious extremists, who distort theology, religion, and even ideology.
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and they are prepared to seduce these young people in a very calculated and disciplined way to lure them into what is nothing less than a dead end. and we've seen the instability that this creates, all of us. and what's important is that none of them, none of those extremists, they don't offer an education that helps a young person gain a skill. they don't help anybody to be able to compete. they don't have one idea about a health system. they don't build infrastructure. they don't tell you how to build a nation. and they don't talk about how they would provide jobs or offer a vision for the future. they are stuck in the past. they're challenges ma dernty and because of it it's our challenge, too. so, there's something else about those extremists and it reflects a little bit on what the vice president just said to you.
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it's not just the lack of jobs and opportunity that give them their opening and their recruitment tools. they're just as content to see corruption and aloe garky and resource exploitation fill a vacuum because it may look like economic growth on paper, but that's another way that they can seize on the frustration and exploit the sense of lack of opportunity and violation that is the anger of so many people to whit, a young fruit vendor. there's another target that they can turn to. they are the swing voters in a sense in the struggle against extremism. so, my friends, that is our challenge. it's not just to come here and do business. that's important, obviously. it is the key, the economic key
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to the future. and we have to do business to grow the jobs pror s provide th skills, provide the tax base to be able to do the things we want to do, but we have to come together, all of us with a unified vision and a purpose so that we can present this growing number of young people in africa and across the world with a viable alternative, quality education. with skills for the modern world. and with jobs that allow them to build a life and have a family and have confidence in their countries. all of us together have the greatest stability of any people on the planet to be able to provide this opportunity. and it's not just economics that creates the sustainable growth in shared prosperity. it's also this larger vision of what life is about and why there is a greater purpose than just
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living to work. you have to work to live and there has to be a living there that's worth it. so we know beyond any doubt that the places -- and this is polite summary of an experience here in america where we do not profess to have all the answers nor would we suggest to you that ours is the only track, but one thing that we have learned is that in the places where people are free not just to develop an idea but to debate different ideas. to have not just a job but the promise of innovation, entrepreneurship, to transform the best ideas into reality and into a business and into a future, those are the societies that absolutely are the most successful and the most stable on our planet. and this success is not a mystery. it's not something that's hard to achieve if you make the right choices. it's possible for all of africa.
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and that is how one can choose to have an africa that's is not defined any longer, as it has not been for these last 10 and 15 years as it goes through this transformation defined by conflict less and less, but it becomes an africa that is defined by rights and by capacity, by dignity, respect and opportunity. and opportunity is something that bow koe ha ram and many other groups will never ever provide. so when the united states is home to some of the most innovative and well known and respected companies in the world and when africa is already home to some of the fastest-growing economies in the world and new leadership that is anxious to grab the future, we have to do more together. we have to partner, which is the theme of this conference, to invest in the next generation. to create good jobs for young africans. to provide families with clean
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power and clean water. to build societies where an open exchange of ideas and information are the defining hallmark. businesses is not just the sake of business, all of you know that, at least not for most of the thoughtful business people here and in our country. it is for providing the foundation for people to be able to live their lives with that opportunity, dignity and respect. i don't have to remind anybody here that nelson mandela, one of the greatest leaders the world has ever seen in all time did not spend 27 years in jail so that he could get out and run a business with no disrespect to anybody here. he did it so that people of his country would have an opportunity to live up to an ideal. he did it for rights. human rights, that are the
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foundation of any civilized society. and those rights across the continent are best lived out, best given meaning in strong countries with strong economies where prosperity is shared by a strong middle class. so i close by just saying there is absolutely no question in my mind from the excitement that we felt yesterday at the first meeting to the energy that we felt in all of your presence here and in the meetings and discussions thus far, all of this is not just possible, it is the future. but we have to make the right choices about skills and education and opportunities. and that will define the u.s./africa partnership. and if we work together, if everybody gets this right, this, this meeting at this moment and the days ahead of us can literally become a pivotal, defining moment for our future history and for the world. thank you all very, very much.
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[ applause ]. ladies and gentlemen, please welcome to the stage, the president of the republic of rwanda. [ applause ]. >> the president of the republic of sene gal. the president of the republic of south africa. the president of the republic of tunisia. the president of the united republic of tanzania. and our moderator, co-anchor, cbs this morning an core and executive editor, mr. charlie rose. >> thank you. thank you. [ applause ]. >> thank you very much. you have heard in the days of this summit that it is historic.
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you just heard the vice president and the secretary of state talk about its significance that it is change things, that it is a summit that is historic. you have also heard that this is africa's moment. that this 21st century is africa's century. you know that a lot of people, not just in the united states, are paying attention. but african leaders are here. and as we hear from people in the west who want to talk about africa's moment and africa's potential and africa as a partner, what we hope to hear here this afternoon is from africans who lead their countries in difficult times, talk about the economy, talk about security, talk about education, talk about infrastructure, talk about governance, but also talk about their own vision as how they see africa. and i want to start with the question this afternoon as how
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they see where africa is, what they expect, what they need, and what they would like to see done. so i will begin and we'll go down the row because they don't speak with the same voice, obviously. they have different issues and different problems, but we're talking about a continent. and i want to hear from them in terms of the significance of this conference and what you expect and what you need and how you see what you've been hearing here. would you reflect on that for me? >> i start it? >> yeah. >> okay. well r well, this conference is significant in the sense that, one, it's the first of its kind, the first ever. we have the u.s./africa summit bring all african leaders together, meeting africa and the
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u.s. leadership. of course, the u.s. has relations with all the countries gathered here, political, diplomatic, we receive assistance from them. but a meeting that brings together the u.s. government and the u.s. private sector, this is something unique. and we have a lot of expectations because we want to move not only from our relationship to not only be relations between a donor and a recipient, but we want to move to the level -- the next level now of investments and trade. and my colleagues can compliment. many of us have been visiting the united states, doing road shows in many towns, investment
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forrums, talk to u.s. businessmen and we have not been as successful. i think this time the president of the united states, the vice president, secretary of state, secretary of commerce telling the -- encouraging the u.s. business community to take africa seriously, i think this time we'll make it. [ applause ]. >> good. >> of course, i think that our states -- africa states are extremely interested in promoting relationship with the united states with the american business community, of course. because if we want to solve some of our social and economic problem, we badly need the support of the united states and the american business community.
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but i must say also that we have to learn from history. let me think -- let me try to imagine the problem from the prospective of african woman, african young, african citizens. for them, of course, it's very important that, you know the figures are better, that there is an improvement between the united states and africa and so forth. but i think what is most important for those citizens is to improve the quality of the life. so get better services, health, education, and so forth. and sometimes, you know, having an important business community doesn't mean automatically that the life would improve. for instance, we can see in
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africa what we're seeing in many other countries, widening the gap between rich and poor. more and more pollution and so forth. so we have to have -- to keep this in mind and to be sure that improving business climate, improving the economic figures and so forth, that's not enough for the african citizens. we have to link -- and this is the main lesson that we have to learn from history and from the experience of other countries, we have to link social development, political development and economic development, otherwise we are going to make these same errors that have been made elsewhere. and then i wouldn't say it would be nothing because of course if we do improve the faith of 100 million people, it's important. like what's happened in china, for instance. >> right. >> but that's the lesson that we have to grow from what happened
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elsewhere is that really we have to link social economic -- that means social justice, political development, that means democracy and human rights and fighting against corruption and then the economic development. if we don't link those three factors, what we are going to have is -- well, another situation leading to another crisis, leading to another crisis and it will never end with it. [ applause ]. >> thank you very much for the opportunity. well, firstly we believe that this come together is going to help enhance the relations between the united states and africa. it will certainly consolidate what is there as the relations.
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i think that this is an opportunity for us as the african leaders to interact firstly with the government and secondly with the business community in the united states. that is very important. i also think it came at the right time when africa is, in fact, organizing itself better than before in terms of how economically it is looking at itself. how it is developing necessary things like the infrastructure. how it is looking at itself the intertrade within africa which puts it in kind of a better
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position. but also it came at an opportune moment, when as you know, agoa, which has been the kind of very clear instrument for our relationship is left with one year to elapse. and we are saying we have an opportunity to deal with those issues, to put our views to the united states that would want the extension of agoa, so that we could have a better kind of relationship between us. we now have an experience that we can discuss better as to what is it that we need to do to better consolidate and enhance our relations as the two. so, it is, i think, an opportunity that came at an opportune time. and i'm sure, we will -- when we
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end this interaction, we'll be better placed to deal with our relations. [ applause ]. >> thank you very much. i will speak in french. i'm sorry. maybe you will need to tell your cast. [ speaking in foreign language ] >> translator: i would like very seriously to tell you how much i appreciate the initiative of president obama to call for this meeting between africa and united states. it's a historical opportunity which allows us to confirm the change of perspective towards a vision of africa, africa which used to need aid. i'm going to give you an
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example. the magazine "the economist" in may 2000, its headline was, with a picture, of course, you had a young guy and it said africa at war and it said the hopeless continent. ten years later, the same magazine "the economist" had a title about growth in africa and it said, "a lion in a cage" and the title was -- "uncaging the lion." so this image, within ten years, shows you how africa has changed. together, we must modify this perception here. the business community in the united states would feel more at ease, more confident in order to
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work with the african private sector. first of all, in africa. africa is a huge continent. there is room for everybody. americans, europeans, chinese, you name it, everybody has its place in africa. it is an africa of over -- continent over 30 million square kilometers. everything has to be made. roads, rail ways. there is opportunity for both africans and the rest of the world. africa must no longer be seen as a land of human tear emergency or diseases, for instance. even if right now we are facing a terrible epidemic, ebola, but these things will need to be treated. the world must be optimistic towards africa. africa is a land of opportunity. this is the perception that we wanted to share with you. a land of opportunity where growth can be shared and earlier
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on i was following the speech made by vice president biden. he said that the american investment on the continent creates employment in the u.s. it [ applause ] >> i want to thank president obama and the united states for providing the opportunity for this summit. the united states and africa forging the kind of partnership that is very substantial and crucial to development, >> i want to thank president obama and the united states for
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providing the opportunity for this summit. the united states and africa forging the kind of partnership that is very substantial and crucial to development, especially now. the points made by some people. people are talking about partnering globally and locally. global and local together as the best way of creating a partnership, and i want to add
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that people are also talking about the growth that has been realized by the continent of africa. even when there are known problems that are talked about, for example, lack of electricity, lack of power, and some people are saying imagine what happens in terms of these growth rates across africa if there was no shortage of power. you could talk about many other
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things. so for this partnership i think many things that exist in africa whether it's technology, business, trade investments, the benefits that come with that and these gaps being filled, just imagine what is going to be unleashed in terms of growth as well as development. but, of course, these come -- you have to -- you have to be grounds on which growth can translate into development. so, each of the members in the partnership have responsibilities and roles to play. on our side we can do more of providing for business, years of doing the business. we have to continue investing in
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summit is very well captured in what we can do together, in the possibilities that can be provided by the united states of america whether it is technology, finance, it's different opportunities that would be availed in this partnership to africa for the continued growth and development of our people as well as the good returns and satisfaction of our american partners in terms of companies as well as the political establishment that is also behind the creation of this partnership. so this is where we're stuck. >> we want to talk about -- [ applause ] -- a story that was referenced and is on the front pages of newspapers around the world is the ebola crisis. there is some concern that is
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being expressed loudly of a tipping point. tell me what your fears are about the ebola virus. obviously two heads of state are not here from sierra leone and liberia because they are, you know, on the front lines and trying to deal with that. what are your fears? what can be done? what kind of cooperation is taking place, both within africa and with other nations around the world? >> of course, the epidemic is in west africa. we are not in west africa. >> but planes go -- >> i'm not talking about that. but there was an ebola outbreak in the congo which borders that. there was an outbreak last year in uganda, which borders
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tanzania, so we are also concerned and we have more importantly mechanisms of possible response. that's where it stands. i think we have established that so that just in case there is a report of a possible ebola -- ebola outbreak or ebola infected person, we do this evaluation and analysis and then confirm if it is there. so i think we are more taking the precaution, the precautions just in case. with a picture of course. you had a young guy with a kalashnikov. he said, africa at war. he said, the hopeless continent. ten years later, the same
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magazine. the economist had the title about growth in africa. it said a lion in a cage. and the title was uncaging the lion. so this image within ten years shows you how africa as changed. together we must modify this perception here. the business community of the united states would feel more at ease, more confident in order to work with the african private sector. first of all in africa, africa is a huge continent. there is room for everybody. americans, europeans, chinese, you name it. everybody has its place in africa. it's a africa, over 30 million square kilometers. everybody has to be made. roads, railways. there's opportunity for both, for africans and the rest of the world.
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africa must no longer be seen as a land of humanitarian emergency or diseases for instance. even if right now we are facing a terrible epidemic, ebola. but these things must be treated. africa is a land of opportunity. this is the perception that we wanted to share with you. a land of opportunity where growth can be shared and earlier on, i was following the speech made by vice president biden. he said that the american investment on the continent creates employment in the u.s. it benefits american growth. that's what he said. is it within this win-win partnership that we came to meet our american brothers from which -- from whom we were separated so long. but we'll talk about that later. the separation concept. the continents, i mean.
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we are very happy to be here in order to engage especially with the american private sector and talk about the perspectives of africa today. thank you. >> -- my colleagues here on the panel, thank you. thank you to president obama and the administration of the united states for providing the opportunity for us to bring this together in the united states and africa, to forge the kind of partnership that is very essential and crucial to the
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world events, especially now. and that to me -- refers to the earlier points made by some people on your panels. people are talking about partnering globally and locally. global and local together. as the best way of creating a partnership. and i want to add that people also are talking about the growth, the rates that have been realized by your continent of africa. even when there are known problems that you also talked about, for example, lack of electricity, lack of power. and some are saying imagine what wufb -- would have been in terms of these growth rates across africa if there was no shortage of power. you could talk about many other things. so through this partnership, i think many gulfs that exist in africa today, whether it's business. trade investment. the benefits that come with this and these gaps being filled just imagine what is going to be unleashed in terms of growth as well as development. but of course these come -- you have to be grounds on which growth can translate into the government. so each of the members in the partnership have responsibilities and roles to
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skills. many things including health, operations. need to have good health. you know, in addition to education, to skills, this growth will continue for many as it has. so for me, the importance of this summit is very well captured in what we can do together in the possibilities that can be provided by the united states of america whether it's finance, it's different opportunities that would be availed in this partnership to africa for the continued growth and development of our people as well as the good returns and satisfaction of our american partners, in terms of companies as well as the establishment
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which is also behind the creation of this partnership. so this is where we stand. >> we want to talk -- a story that was referenced is on the front pages of newspapers around the world is the ebola crisis. government agencies, ministers, public officers, anybody who has to deal with a budget now must
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make a statement of his own wealth. we have a national office of fight against corruption. we are trying to put in place instruments that can follow the evolution of economic growth in our country. so you have to be optimistic on africa. you have to start the fight for the development and i call upon american businessmen to come to africa. there's no more -- no risk in africa. no more than other continents and you are -- your investment is much higher. the ebola virus, let me say how big is my solidarity towards the
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victims. i'm a neighbor of guinea. i'm almost a neighbor of sierra leone. we are in the crucible, in the eye of the cyclone. but i will tell the international community that ebola is a devastating virus. it is not an african disease. you have to see this virus as a threat against humanity. it is a threat against humanity because with intercontinental flights, all you need is a flight to the u.s. and to europe so that you have a world crisis, a total crisis. so we have to mobilize the entire community, all the scientists in the world. all the researchers have to work on that in order to win. just like we did it for the plague, t.b., like aids is being vanquished. so it is this solidarity of the international community that we are requesting.
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to support the victims. >> go here first. go ahead. either way. you decide. >> thank you. thank you. let me compliment what my brother just said, but in a different way. i think even threw the partnership like this one, provided by the opportunity of this summit africa needs -- we need to continue building our capacities and strengthening our institutions, to enable us to avoid over dependency that has been there for too long. but we avoided that by building capacities and cooperation and integration. people working together. so that we are able to own up to our mistakes, to our weaknesses. and own up to our solutions and contributing to our solutions.
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so that we can even tell our story. you find we even depend on others to tell our story. so that's how destruction has come about. so i really think there's not much time to waste as time goes with africa, in terms of building this consensus, this working together, this owning up so that we cooperate and partner with others rather than being too dependent on them. so this is an opportunity we have to leverage this partnership and to address that particular problem. >> thank you very much indeed. firstly, i would like to agree with my brothers that let's take ebola as a disease that is
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affecting humanity. rather than just to look at it as an african problem. fortunately, i said earlier africa is organizing itself. even the health organization's continentally are working together. that's why we're confident that this time around, we are working together to address this problem of ebola.
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but i must also say that it's an unfortunate thing that africa is imported in an important way. at times out of perceptions. even countries that are fighting corruption, the very fact that they're fighting corruption is a story that there's more corruptions in those countries. that's a problem you have. africa is organized better. we discussed many of these issues together in the a.u., in the manner that is far better than 20 years ago. we share everything together. we take common resolutions where we say let us deal with this challenge that faces us today. earlier i mentioned for an example the infrastructure that we together agree there's no debate about it. it's a question of dealing with it. and then showing that africa operates better. there are things that are not
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important about the continent. there is an instrument for an example that we have. peer review mechanisms. nobody is talking about this globally. it's a unique instrument where countries in the continent subject themselves to their peers to review them, look at them. they first submit reports and it is discussed in the a.u. forums, to criticize if there are things to criticize in the manner in which countries have been run. and there isn't such an instrument, it's only found in africa. should that be the problem of the continent? i think it is important for people to look at africa and see that africa is changing. there's a good story that's
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coming out of the continent in terms of working together. in terms of understanding our problems. instead of in the point of owning up to what in the past could have been mistakes. today, i think we stand a better chance as the countries in the continent to better ourselves. we appreciate this opportunity because we are then in the position to tell our own story rather than people telling the story on us. >> exactly. yeah. >> today i spoke i think at the national press club. that was an event i was invited.
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economies are in africa. between 2011 and 2015, the fastest economies are in africa. why are we there? because of pursuit of sound economic policies. also the pursuit of sound political policies. there is -- democracy has taken root. governance is -- is enshrined. there is stronger commitment now to fight vices in society. corruption. drug trafficking, drug abuse. whatever. there is more respect for human rights. there are fewer conflicts on the continent today. that does not mean -- except of course there are a few hot spots. when you look today, what is happening, the conflict areas in africa they don't compare. so i said unfortunately, this is the good story which is not being told. so i was appealing to those journalists, please, tell the other story. but i was giving the same example, now it's ebola. so the whole of the african continent is being perceived as if everywhere everybody is suffering from ebola. >> i don't think that's true. that's not true. i don't think. i think there's some concern about -- >> no, no. i'm not saying that -- but this is the perception, so if there is a problem -- so when is africa going to get out of this of being perceived if there's a problem. i said africa is a continent.
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there are 54 countries. they are different. in terms of particular situations. so until we get to the situation where africa would be seen in the 54 countries that exist, we won't get out of this. >> okay, i have one final question. to the final question, we are out of time and over time, but you raised a question of security. i mean, there is some concern about security. we do read about highly publicized stores. boko haram and 200 children. we know about sometimes the absence of respect for boundaries. what do any of you want to say about security in africa today
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eliminated so from time to time there are struggles. so from time to time, they ignite a bomb there. you have a problem in -- in the food, the situation is much more under control now than in the past. but you see the situation is much better now than what it was in the past. which other conflict area? >> anyone else? >> we're finished. >> we still have huge problems -- >> yeah. >> -- in africa, i'm sorry, we still have huge problems in central africa. we still have a huge problem in sudan you know, where people are starving. there was a terrible situation in sudan. we have a terrible situation also in the northern part of mali. africa of course is much more secure than before, but we are still facing a challenge. an important challenge in the matter of security.
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we have to work together as africa. you know, this is what we're trying to do about the problems of libya. you know, about all the countries around libya to secure this country together. we have to face the problems and we have to work together. we have to -- yes, we have this problem, but we are able to control it and we're going to control it. just to give this business community what it needs more, security and stability. >> yes, go ahead. this will be the last -- >> thank you very much. >> thank you. >> no, i wanted to say that we reached a stage in africa where almost you could count a few problematic areas. i think what has influenced particularly in northern africa has been the arab spring that affected the arab countries in the north. but what has become an important factor, we have discussed this as leaders. you have countries that have volunteered to establish an instrument -- an instrument which we're working on, in two months time. by october, we'll be launching it. so that we have taken the principle of african problems
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and african solutions. we are now on the basis of that taken a decision that is not going to allow any -- in the continent. we are taking this upon ourselves. i think that is an important story that the world should know. >> thank you. thank you. on behalf of everyone, this audience, i appreciate your enthusiasm. but i especially appreciate the summit on africa that we hear from africans and african leaders and you have given that to us and i thank each of you and the president i'm sure will convey the same sense of appreciation when he comes. but thank you again and thank each of you. >> as a big continent, it must be given better time to explain ourselves. >> thank you.
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