US Prez Obama to unveil $7 bn Africa power plan | world | Hindustan Times
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US Prez Obama to unveil $7 bn Africa power plan

US President Barack Obama will today 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.

world 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.