Certainly, when Obama talks, others listen. And this is definitely true when he talks about $14 billion. Obama pledged to invest more than this amount in Africa while speaking at a meeting of African leaders recently. His remarks came during the US-Africa Business Forum. Speakers and attendees included former president Bill Clinton, Wal-Mart president and chief executive Doug McMillon, MasterCard president and chief executive Ajay Banga and World Bank President Jim Yong Kim.

Officials want to strengthen financial and trade ties between African countries and the US. As Obama said in his speech, “We want to do business with these folks.”