President Obama on Tuesday said he believes he could win a third term as president of the United States, but said presidents should be willing to give up power willingly, and encouraged African leaders to think the same way.

"I'll be honest with you, I'm looking forward to life after being president," Obama said in remarks to the African Union in Ethiopia on Tuesday. Obama ticked off all things he would be able to do outside the constrains of public office, like going for walks, spending more time with his family and visiting Africa more frequently.

"I don't understand why people want to stay so long, especially when they got a lot of money," he said to big cheers, referencing previous African leaders who have gotten rich while in office, which he didn't name.

Calling himself a fairly young man, a smiling Obama said, "I actually think I'm a pretty good president; I think if I ran, I could win. I can't ... The law is the law. And no one person is above the law, not even the president."

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