How Former US President Obama is guiding Kenyans secure Funds from American Billionaires
Former US President Barack Obama has urged Kenyan youth to take advantage of technological advancements
Former US President Barack Obama has urged Kenyan youth to take advantage of technological advancements.
It’s an attempt to attract funding from American investors.
On Monday, December 12, he spoke at the start of the US-Africa Leaders Summit.
Obama stated that US investors are paying attention to technology startups that address global issues such as climate change and food security.
According to the former President, Americans have invested over Ksh3.6 trillion in such startups.
“Africa’s young people are harnessing new technologies, advancing new solutions to old challenges.”
He continued: “For this influences global culture like never before and US businesses are taking note.
“Over the last five years, US investments have closed over 500 deals. If all of us up our game this will only be the beginning,” he advised.
He also promised that his Obama Foundation would help more businesses.
“When I hosted the Summit in 2014, I made a commitment to invest in the next generation of African leaders.
“Andto also give them the support they need to make their dreams a reality. My message to Africa’s young people remains the same.
“When you succeed, your country succeeds and that creates more opportunities for everyone,” he stated.
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Obama, on the other hand, stated that such innovations and investments could only thrive if African governments committed to creating a business environment conducive to such innovations.
The 44th President of the United States made the remarks just hours after Kenyan innovator Nelly Cheboi was named CNN Person of the Year, receiving a Ksh74 million award.
Cheboi received recognition for her use of technology to empower young Kenyans in rural areas.
The US-Africa summit officially opened on Monday, December 12, with over 250 business and government delegates from both regions in attendance.
President William Ruto will attend the summit and meet with various US government officials and entrepreneurs.
Former Prime Minister Raila Odinga traveled to the United States for the same event.
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