Power Africa Commitments Finalised

More than US$1 billion in debt and financing commitments from the United States agencies and private investors is set to be announced for President Barack Obama's signature Africa energy initiative, Power Africa

More than US$1 billion in debt and financing commitments from United States (US) agencies and private investors is set to be announced for President Barack Obama's signature Africa energy initiative, Power Africa.

According to a United States Agency for International Development’s top official, Gayle Smith, the latest deals were finalised around a US-Africa business forum on the sidelines of annual United Nations meetings in New York.

Obama launched the initiative in 2013 with an initial investment of US$7 billion, which aims to install 10 000 megawatts of new generation capacity, connect 20 million new customers, and improve electric reliability across the Sub-Saharan Africa.

To read the article titled, “More than $1 billion in Power Africa commitments finalised,” click here.
 

Source: 
Sowetan

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