South Africa Sees $100 Billion Fund for Africa at Summit
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South Africa sees the creation of a $100 billion fund to finance infrastructure projects on the continent as one of the key outcomes from the U.S.-Africa Leaders Summit this week.
About 40 African leaders meeting with U.S. President Barack Obama in Washington over the next two days will discuss the possibility of setting up the fund, South African Transport Minister Dipuo Peters said in an interview in Washington today. An announcement may come from Obama or Vice President Joe Biden, she said.