Africa powers ahead with help of foreign investment from BRICS nations

US President Barack Obama promised US$7 billion towards providing electricity to some African countries (photo:dpa)
US President Barack Obama promised US$7 billion towards providing electricity to some African countries (photo:dpa)

Economic growth and development in sub-Saharan Africa is being held back by a lack of access to electricity. US President Barack Obama has pledged a US$7 billion initiative to tackle this lack of power. But foreign investment and trade from China, India and Brazil - in return for raw materials and natural resources - will power the growth and success in the economies of African countries.

<i>United States President Barack Obama has committed US$7 billion to providing electricity production for a number of African countries. Most sub-Saharan African countries have little access to even a small part of the energy developed parts of the world routinely use every day. But America’...

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