Obama launches US$7bn African energy plan

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USA President ObamaPresident Obama launched a $7bn energy plan for Africa at the University of Cape Town (UCT) in Cape Town, South Africa as part of his African tour recently. The Power Africa scheme aims to double energy access in sub-Saharan Africa where more than two-thirds of the population currently has no electricity. “We’re going to start by investing $7 billion in US government resources. We’re going to partner with the private sector, who themselves have committed more than $9 billion in investment. And in partnership with African nations, we’re going to develop new sources of energy,” said Obama during a speech in Cape Town. Read more.

 

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