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US Trade Representative, Ambassador Ron Kirk, during a panel discussion at the 7th biennial US-Africa Business Summit in Washington, DC
(Photo: Tom Gitaa/Mshale)
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WASHINGTON - Secretary of State, Hillary Clinton, listed conditions that she said will propel Africa to prosperity - chief among them being responsible leadership.
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Equity Bank CEO, James Mwangi, speaking at the 7th Biennial US-Africa Business Summit in Washington, DC on October 1, 2009
(Photo: Tom Gitaa/Mshale)
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WASHINGTON - The traditional model of banking has failed, the CEO of East and Central Africa's largest bank in terms of deposits, Mr. James Mwangi, said today when addressing a workshop on the future of Banking in Africa. The Equity Bank boss said this failure is particularly evident in Africa, which has given his 25 year old bank an advantage in tapping into the continent’s unbanked.
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Neal S. Wolin, US Deputy Secretary of the Treasury
(Photo: US Treasury)
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WASHINGTON - The Obama administration today pledged more assistance to Africa in its quest to develop. Without giving figures, U.S. Deputy Treasury Secretary Neal S. Wolin, speaking at the 7th US-Africa Business summit said two areas in particular need serious attention: infrastructure and agriculture and that "in both these areas, the U.S. stands ready to commit substantial resources and technical assistance. But we look to Africa to lead the way," he said.
