Wednesday, July 03, 2013

Obama Announces Power Africa Plan to Double Electricity Access in Sub-Saharan Africa

President Obama announced a new plan to double electricity access in Sub-Saharan Africa this weekend during his trip to Africa.
The plan, called Power Africa, will include a $7 billion pledge from the U.S., financed primarily by $5 billion in funds from the Export-Import Bank and $1.5 billion by the Overseas Private Investment Corporation. The program is also funded by $9 billion from private entities, with General Electric among the top contributors.


Obama Announces Power Africa Plan to Double Electricity Access in Sub-Saharan Africa


(Credit: AP/Evan Vucci)

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