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US Leads Initiative To Increase Energy In Africa

Published on: Wed, 2013-11-13 00:00
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In five years’ time, Africa might see significant improvements in energy, thanks to a US-led initiative called “Power Africa” unveiled by President Barack Obama during a recent three-nation visit to the continent.

Students will be able to study after dark, clinics can keep their vaccines refrigerated and businesses can work normal hours.

The US government is leading the charge for Power Africa, helped by some American businesses and by organizations like the African Development Bank.

The initiative is part of a new US policy to focus on the continent’s ability to support itself economically, politically and militarily, according to the Associated Press news agency.

Observers say it veers from previous “aid-based” pledges in that its purpose is to encourage American businesses to invest.

But these businesses will have to compete with China, Japan and Germany, which already have strong trade ties with Africa.

The US has pledged a $7 billion investment over the next five years, and another $9 billion is expected to come from the private sector, initially targeting six countries: Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania.

Source: Africa Renewal



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