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President Barack Obama heralded Africa as a continent "on the move" Saturday as he opened a U.S.-sponsored business summit in Kenya, the East African nation where he has deep family ties, according to Associated Press.

Obama's visit to Kenya — the first by a sitting U.S. president — has been highly anticipated in a nation that views him as a local son. The president's late father was born in Kenya and many family members still live here, including his elderly step-grandmother.
"This is personal for me," Obama said. "There's a reason why my name is Barack Hussein Obama."

Much of the president's visit is focused on boosting business and security ties with Kenya, a growing economy grappling with the threat of terrorism — most notably from the Somalia-based al-Shabab network. Nearly two dozen U.S. lawmakers and 200 American investors have joined Obama on his trip, which also includes a stop in Ethiopia.

Speaking at the Global Entrepreneurship Summit on Saturday, Obama announced more than $1 billion new commitments from the U.S. government, as well as American banks, foundations and philanthropists. Half of the money will go to support women and young people, who Obama says face bigger obstacles when trying to start businesses.

Kenyan President Uhuru Kenyatta, who co-hosted the summit with Obama, lamented that the continent's security and other challenges, including the 2013 attack on an upscale Nairobi mall, had created a negative reputation. He said he hoped Obama's visit would help change the narrative about Kenya and Africa.

After his speech to the summit, Obama toured an innovation fair highlighting the work of vendors working with his Power Africa initiative, which aims to double sub-Saharan access to electricity. As he perused solar panels and posed for photos, Obama acknowledged concerns that program's progress has been slow, but said it would soon help millions and that building power plants takes time — even in the U.S.

Obama arrived in Nairobi late Friday and spent the night reuniting with his father's family. Security was tight in the Kenyan capital, with some of the city's normally bustling streets closed to traffic and pedestrians during his visit.
Still, there was palpable excitement in Nairobi for Obama's long-awaited visit. U.S. and Kenyan flags lined the main road from the airport and billboards bearing Obama's picture dotted the city.