Shah says the summit will see “big announcements” on agriculture and energy. REUTERS/LUCAS JACKSON
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The United States will announce nearly $1 billion in business deals, increase funding for peacekeeping and commit billions of dollars to expanding food and power programs in Africa during a summit this week, U.S. and development officials say. U.S. officials said the Aug. 4 to 6 summit in Washington of nearly 50 African leaders hopes to showcase U.S. interest in the fast-growing region through a series of government-private partnership deals to boost trade and investment.Shah said there would be new support for Power Africa, a privately funded program launched by U.S. President Barack Obama last year to install 10,000 megawatts of new generation capacity and connect 20 million new customers across Africa by 2018 .There will also be significant increases in private sector support for U.S.-backed food and agricultural programs in Africa, including the New Alliance for Food Security and Nutrition, U.S. development officials said.
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