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Before returning to Washington Tuesday, Obama will tour the Ubungo Power Plant in Tanzania to promote electric service expansion.
He’ll also meet with former U.S. President George W. Bush at a wreath-laying at the U.S. Embassy in Dar es Salaam, at the memorial for victims of the 1998 embassy terrorist attack. Laura Bush is hosting a first ladies’ forum in Dar es Salaam that Obama’s wife will attend Tuesday.
Obama Sunday announced a $7 billion plan to boost access to electric power in the sub-Sahara and said America stands to benefit if the continent reaches its full economic potential.
General Electric is among the companies that have contributed to the $9 billion in private-sector funding for the program’s first phase. It has committed to help bring 5,000 megawatts of new energy to Tanzania and Ghana.
American companies see growing opportunity in Africa. U.S. merchandise exports to the 49-country region were $21 billion in 2011, up 23 percent from 2010, according to the Office of the U.S. Trade Representative. Imports from sub-Saharan Africa were valued at $74 billion in 2011, up 14 percent from 2010. Most of that, about $60 billion, was crude oil.
— With assistance from Rainer Buergin and Tony Czuczka in Berlin, Mike Cohen in Cape Town and Tarek El-Tablawy and Salma El Wardany in Cairo.
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