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US to offer $2B in energy loans to S. Africa
US to offer $2B in renewable energy loans to South Africa
By The Associated Press

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.

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