Washigton(Wajaalenews);President Barack Obama says Africa holds a bright future for the world with its fast growing economy and its young generation which is a driving force for development.

The president made the remark at the opening of the first ever US Africa Leaders Summit which is being held in Washington DC.

President Obama expressed his government’s interest to have a relationship with Africa that is based on equality and common benefit.

He identified three areas America wants to partner in with Africa; those include expanding trade that creates jobs, strengthening the governance upon which economic growth and free societies depend, and deepening security cooperation against common threats.

He also underlined his government’s commitment to building African countries’ capacities to fight transnational threats.

The summit which is happening at the U.S. Department of State in Washington D.C. has attracted over 48 African leaders, including Prime Minister Hailemariam Desalegn.

The leaders are seeking ways of cooperating on trade and investment, and peace and Stability, and creating a productive young generation

source;erta