This July, President Barack Obama visited Ethiopia and addressed the African Union (AU). In doing so, he became not only the first U.S. president to address the AU in its 52-year history, but the first sitting U.S. president to ever visit the country of Ethiopia.
This historic event demonstrated that multinational investment in Africa is now a top world priority. To quote the President himself: "We cannot reach our global goals of fighting extremism, ending extreme poverty, investing on peace and security without the voice and contribution of one billion Africans."
President Obama's words pose an important question: why is there such a growing interest in multinational investment in Africa? Why is this vested interest intensifying now?