President Obama said on Monday that it's "unacceptable" that more than two-thirds of sub-Saharan Africans don't have access to electricity, and he has a plan to help solve the problem. On Sunday, he unveiled a new Power Africa initiative intended to double electricity access in the region.
The initiative calls for more than $7 billion in U.S. funding over five years to help build new power plants in six African countries and bring electricity to more than 20 million households and businesses. It's also intended to help American companies get a foothold in Africa.
Obama introduced the program in a speech in South Africa on Sunday:
Now we’re going to talk about power — Power Africa — a new initiative that will double access to power in sub-Saharan Africa. Double it. We’re going to start by investing $7 billion in U.S. 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. We’ll reach more households not just in cities, but in villages and on farms. We’ll expand access for those who live currently off the power grid. And we’ll support clean energy to protect our planet and combat climate change.