U.S. Treasury Secretary Janet Yellen on Saturday helped kick off a new rural electrification project in Senegal that will bring reliable power to 350,000 people, while supporting some 500 jobs in 14 U.S. states.
Yellen traveled to the site of the project, led by Illinois-based engineering firm Weldy Lamont, as part of athat aims to expand U.S.-African ties and address challenges such as climate change, food security and debt.
"Our goal is to further deepen our economic relationship and to invest in expanding energy access in a way that uses renewable resources spread across the continent," she said. Such disparities can hinder opportunity for households and businesses in areas otherwise ripe for economic development, Yellen said. The project includes an important renewable energy element with a solar grid to power 70 villages.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Treasury Secretary Janet Yellen shames Russia and China in Africa speechTreasury Secretary Janet Yellen used her first speech on African soil to take direct aim at Russia and to call on China to offer debt relief to struggling economies.
Read more »
Treasury is starting 'extraordinary measures' to avoid debt default, Yellen tells lawmakersThe Treasury Department began using 'extraordinary measures' to avoid defaulting on the nation's debt. Secretary Janet Yellen urged Congress to act.
Read more »
Yellen’s Treasury Dept. halts two federal retirement funds after government hits debt limitInvestments in two federal retirement funds will be suspended as part of ‘extraordinary measures’
Read more »
In Senegal, Yellen talks about future of US-Africa relationsDAKAR, Senegal (AP) — U.S. Treasury Secretary Janet Yellen caravanned from a government building to a business incubator in Dakar on Friday and was set to end her day at the president's residence, spreading a message of mutually beneficial U.S.-Africa relations.
Read more »
Yellen contrasts US-Africa ties with China, Russia on Senegal tourIn Senegal, US Treasury Secretary Yellen talks about future of US-Africa ties, citing Covid-19 pandemic and Russia's offensive in Ukraine as major economic headwinds for Africa
Read more »
US officially hits debt limit, begins 'extraordinary measures' to pay billsTreasury Secretary Janet Yellen told Congress on Thursday that Treasury has begun taking 'extraordinary measures' in order for the government to meet its financial obligations.
Read more »