Obama questions extractive industry

There has been a long history of extracting resources from Africa, you take raw materials, you send them to someplace else where they get used processed, sometimes sold back to Africa", US president Barack Obama said during a speech in Soweto, South Africa.

“The profits stay there, the jobs stay there, and not much stays in Africa,” Obama said, and encouraged Africans to ask more questions about deals with investors.

Somebody says that we want to help you develop your natural resources: How much of the money is staying in Africa?, he asked. "Read the full story here"