More than $1 billion in Power Africa commitments finalized - USAID chief

More than $1 billion (771 million pounds) in debt and financing commitments from U.S. agencies and private investors is set to be announced on Wednesday for U.S. President Barack Obama's signature Africa energy initiative, Power Africa, a top USAID official said. The latest deals were finalized around a U.S.-Africa business forum on the sidelines of annual U.N. meetings in New York this week, USAID chief Gayle Smith said in an interview with Reuters. Obama launched the initiative in 2013 with an