JOHANNESBURG (AP) ? The head of the U.S. Export-Import Bank says the U.S. will offer South Africa a $2 billion loan for renewable energy ventures.
Fred Hochberg told journalists Monday at an event in Johannesburg the deal will be signed Tuesday with South African officials.
Hochberg said the 18-year loans could benefit companies like General Electric Co.
The loan comes during a visit to South Africa by U.S. Secretary of State Hillary Clinton.
Source: http://news.yahoo.com/us-offer-2b-energy-loans-africa-142400620.html
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