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Obama Africa power plan falters as bank reauthorization stalls
President Obama heads to sub Saharan Africa amid doubts over Power Africa. Congress refusal to reauthorize the Export Import Bank leaves $5 billion of the $7 billion pledge stalled, with only $132 million in transactions approved before the bank expired. Officials say deals exist but cannot proceed without revival, risking competition from China and delaying impact on Africa’s grid.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
Africa
Congress
Obama
Power
Power Africa
China
Andy Herscowitz
Herscowitz
South Africa
America
U.S
Kenya
Ethiopia
Sub- Saharan Africa
Asia
Middle East
US Agency For International Development
USAID