Remarks by President Obama While Touring Faffa Food Factory

Faffa Food Factory
Addis Ababa, Ethiopia

11:40 A.M. EAT

PRESIDENT OBAMA:  So that's another important point about the work that we're doing with Feed the Future, is we're also getting companies, some of the big international food processors, to make commitments to partner with local food processing so that we can start building capacity.

Historically, part of the problem is that even if you have food that's grown here, the processing is then done someplace else, it's higher up on the value chain and you don't get the kind of integrated food industries locally that can be more affordable for people and can create jobs and industries here.  And part of our goal is not just to provide food to countries that may have food scarcity, but to continually build up their capacity across the board.  And so having strong corporate partners alongside local businesses can really make a big difference. 

Q    Is there enough money for this?

PRESIDENT OBAMA:  We always want more, and we budgeted more. But what we're able to do is to leverage the dollars that we've got alongside efforts from other countries and from the private sector.  And so every taxpayer dollar -- every U.S. taxpayer that we're putting in, we're leveraging a bunch of other money.  Of course, the needs still outstrip what we're able to provide, and hopefully, by having built models that we know succeed, we can accelerate this even faster.  

But this has been one of the most -- there have been questions before about what are some signature initiatives that really make a difference.  This is making a difference in very concrete ways.  And the goal here, as is true with Power Africa and all the initiatives that we're putting forward, is to make sure that we are not in the business of just donating, but we're in the business of creating entrepreneurs, opportunity, and capacity locally, so that over time, Africa -- we want Ethiopia not only to be able to feed itself, we want eventually Ethiopia to be a food exporter as well.

Q    (Inaudible.)

PRESIDENT OBAMA:  It's not a full-blown press conference, Jeff.  I gave you one, now.  That's all you get.  (Laughter.)  

END 
11:43 A.M. EAT