Obama Brings $1B Gift for Kenyan Entrepreneurs

In NAIROBI—President Barack Obama co-hosted the

Global Entrepreneurship Summit  yesterday, where he made his first visit as U.S. president.

Kenyan President Uhuru Kenyatta introduced the U.S. president, whom he described as a great friend to the African continent.

Obama greeted the summit saying “Niaje Wasee,” Kenyan urban slang for “how are you.”

“It is wonderful to be back in Kenya. I am proud to be the first U.S. president to visit Kenya,” Obama said in his opening remarks. “This is a personal thing for me, my family came from these parts and I have relatives and family here.”

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He then quickly got down to business, announcing to the gathering of entrepreneurs and investors that the U.S. had secured more than $1 billion in investments for new businesses around the world, following up on a promise made at last year’s summit in Morocco.

Obama noted that Africa is one of the fastest-growing continents in the world where people are being lifted out of poverty and the middle class is expanding.

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“This continent needs to be a future hub of global growth, not just African growth,” he said.

 Posted on VOAnews

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TheFounder Magazine is an online business magazine that focuses on starting, running and growing a business in Kenya today

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