Obama to unveil $7 bn Africa power plan
Johannesburg, June 30, 2013
First Published: 13:36 IST(30/6/2013)
Last Updated: 13:46 IST(30/6/2013)
US President Barack Obama will on Sunday unveil a plan, worth $7 billion over five years, to upgrade African power networks in a bid to reduce electricity cuts and blackouts that scare off business investment, the White House said.
Obama will announce the plan, which leverages
existing cash and private finance, during a visit to Cape Town.