US president, Barack Obama has pledged $7bn towards improved electricity in some parts of Africa.
Obama’s announcement came during his trip to South Africa where he declared that the fund will help build steady power supply in Nigeria, Ethopia, Kenya, Uganda, Liberia, Tanzania and Mozambique.
‘Access to electricity is fundamental to opportunity in this age. It’s the light that children study by, the energy that allows an idea to be transformed into a real business. It’s the lifeline for families to meet their most basic needs, and it’s the connection that’s needed to plug Africa into the grid of the global economy’, he said.
Funds from the initiative tagged ‘Power Africa’ will be distributed over the next five years.
Obama’s three-nation Africa trip took him to Senegal, South Africa and Tanzania.
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