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USA Slashes Investments and Donations to Africa Print E-mail
by Tom McGregor    Thu, Jun 19, 2014, 09:37 PM

Barry Obama was elected as America's first African-American President, but he's throwing his African heritage under the bus. Ever since he moved into the White House, he has dramatically reduced aid to Africa, while American investors have decreased their investments in the African continent.

According to the BBC News, "India has taken over from the US as the largest importer of Nigerian oil, the West African state's national oil company has said. The US has "drastically reduced" its demand for Nigeria's crude oil in recent months, the Nigerian National Oil Corporation said."

Meanwhile, China, India and Russia have risen their investments and aid to Africa.

As reported by the BBC News, "The country is currently buying about 250,000 barrels a day. India now buys considerably more - about 30% of the country's 2.5 million barrels of production."

The USA presence is becoming more meaningless for many Africans.

To read the entire article from the BBC News, link here:

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