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Africa 'on the move', says Obama

Tuesday, July 28, 2015 - 01:41

Training and employment are key to Africa's development and to avoiding further instability in north African nations, President Obama tells the African Union in Addis Ababa. David Pollard reports.

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Barack Obama's African tour has generated some excitement for the US president's frank remarks on security, democracy - and the economy. (SOUNDBITE) (English) U.S. PRESIDENT, BARACK OBAMA, SAYING: "Economists will tell you that countries, regions, continents grow faster with younger populations .....But only if those young people are being trained. We need only to look at the Middle East and North Africa to see that large numbers of young people with no jobs and stifled voices can fuel instability and disorder." Those words delivered at the African Union in the Ethiopian capital, Addis Ababa. Obama stressing that Africa was on the move - economic development changing 'old stereotypes' of war and poverty. For Ethiopia, agriculture is still a mainstay. But the once famine-stricken country is now on course for 10 percent growth this year. And leather and other industries are gaining a foothold. While across the continent, technology is a catalyst to a small business revolution, says Seven Investment Management's Justin Urquhart Stewart. (SOUNDBITE) (English) HEAD OF CORPORATE DEVELOPMENT, SEVEN INVESTMENT MANAGEMENT, JUSTIN URQUHART STEWART, SAYING: ''Whether it's women in northern Uganda trading their goats over mobile phone - which is a really very exciting mechanism ... But also smaller businesses opening up, using technology, leaping several generations of development - that is very exciting.'' Obama also criticised a habit of some African leaders of trying to stay in power too long - a habit that leads to the kind of unrest that Burundi's seen, he said. As for the US president himself: he's barred from standing for a third term. But told his audience that if he were to run again, he could win.

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Africa 'on the move', says Obama

Tuesday, July 28, 2015 - 01:41