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Pointing to Africa's crippling lack of electrical power, President Barack Obama is due to announce on Sunday a $7 billion initiative over five years to double access to power in sub-Saharan Africa.
Source
The United States will initially work with Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania to develop electric power generation, officials said. It will also cooperate with Uganda and Mozambique on oil and gas management.
The program will draw on a range of U.S. government agencies to achieve its goals. For example, the U.S. Overseas Private Investment Corp will commit as much as $1.5 billion in finance and insurance to help U.S. companies manage the risks associated with the projects.
Similarly, the U.S. Export-Import Bank will make up to $5 billion available to support U.S. exports to develop power projects, the officials said.
Pointing to Africa's crippling lack of electrical power, President Barack Obama is due to announce on Sunday a $7 billion initiative over five years to double access to power in sub-Saharan Africa.
Well, I certainly do find it interesting that he has no qualms about spreading the pain around America but comes full of gifts and give aways when he's overseas.
Distinguished Ladies and Gentlemen, I am delighted to be able to address you on the occasion of the launch of two seminal reports on climate resilience and low-carbon emission in Nigeria by the World Bank. The reports are the products of a multi-tiered collaboration between the Bank and several Ministries, Departments and Agencies of the Federal Government of Nigeria; brought together by the shared understanding they have that climate change represents one of the gravest challenges facing our dear country. It also represents one of the greatest opportunities to grow our economy more sustainably. www.thisdaylive.com...
As former US Vice President, Al Gore, puts it, “As human beings, we are vulnerable to confusing the unprecedented with the improbable. In our everyday experience, if something has never happened before, we are generally safe in assuming it is not going to happen in the future, but the exceptions can kill you and climate change is one of those exceptions.”
www.atimes.com...
United States President Barack Obama and his entourage of business leaders have trade and investment in their sights on their wide-ranging tour of Africa. Wherever they go, Chinese money has probably been there first, and the specter of Beijing's flourishing influence in the region is a vital subtext.
Well,well.So Mr,big wants to play messiah while our broken backs pick up the check.I don't mind trying to bring people into the 21st century but the timing be any worse?Unless he's got an angle somewhere we're not seeing.Are these ridiculous acts meant to demoralize the taxpayers on purpose to the point of just not bothering to fight or a provacation hoping they do so more unconstitutional laws can be passed?
Originally posted by Wrabbit2000
reply to post by bloodreviara
Well, I certainly do find it interesting that he has no qualms about spreading the pain around America but comes full of gifts and give aways when he's overseas.
Does he see himself as the AMERICAN President or leader to the world? I think he's delusional about keeping perspective on that.
May as well throw in satellite TV's as well.Nothing like watching Jon Stewart after a good lion hunt I say.
Originally posted by neo96
Pointing to Africa's crippling lack of electrical power, President Barack Obama is due to announce on Sunday a $7 billion initiative over five years to double access to power in sub-Saharan Africa.
Gee i wonder if its going to be fueled by coal?
Probably.
Yo Obama what about that 7 billion dollars could be better served on American electrical grids.
My tax dollars are paying for someone else in another country to have electricity so they can surf the net.
Mehedit on 30-6-2013 by neo96 because: (no reason given)
May as well throw in satellite TV's as well.Nothing like watching Jon Stewart after a good lion hunt I say.
Originally posted by orionthehunter
I hope the president isn't just giving American taxpayer dollars away.