US Prez Obama to unveil $7 bn Africa power plan

  • AFP, Johannesburg
  • |
  • Updated: Jun 30, 2013 13:46 IST

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.

 

also read

Meet Yanis Varoufakis, Greece's 'erratic Marxist' finance minister

blog comments powered by Disqus