On December 14, Biden announced the US and the G7 are investing $8 billion in public and private funds to help South Africa replace its coal-operated power plants with green energy sources. The so-called Global Infrastructure and Investment plan also allocates $2 billion to Angola for solar energy projects and $600 million for high-speed internet cable to connect Europe to Southeast Asia via the Horn of Africa and Egypt.

Improving Africa’s infrastructure is essential to our vision of building a stronger global economy that can better withstand the kinds of shocks that we’ve seen in the past few years. #USAfricaLeadersSummit President Joe R. Biden: https://t.co/x9jXX4TWes pic.twitter.com/oZO0ELwnbl

— US Africa Media Hub (@AfricaMediaHub) December 15, 2022