Reuters: Yellen breaks ground on rural electrification project in Senegal
U.S. Treasury Secretary Janet Yellen initiated a rural electrification project in Senegal on Saturday, set to provide dependable power to 350,000 people and create around 500 jobs across 14 U.S. states.
Yellen visited the project site, which is spearheaded by Illinois-based engineering firm Weldy Lamont, during a three-country tour in Africa focused on strengthening U.S.-African relations and tackling issues like climate change, food security, and debt.
EXIM: SMALL BUSINESS POWERS RURAL AFRICA WITH $91 MILLION LOAN GUARANTEE
Weldy-Lamont, an engineering firm in Illinois, sources parts from U.S. factories to help Ghana electrify rural villages. Here's the story of one engineer helping to create economic prosperity in both countries — in partnership with the U.S. Government’s Power Africa initiative.
Ghana: Small Illinois Company Wins $350 Million Contract to Expand Electricity Transmission Backed By Ex-Im Bank Financing
A 13-employee engineering firm based in Mount Prospect, Ill. has won a $350 million rural electrification turnkey contract from the government of Ghana, and will procure equipment and services from U.S. suppliers around the country to fill the order backed by a $344 million loan from the Export-Import Bank of the United States (Ex-Im Bank).