Obama took the opportunity to announce $7 billion in what the White House describes as „new financing to promote U.S. exports to and investments in Africa.“ Obama also championed $14 billion in new investments by U.S. corporations in Africa, which includes $5 billion from Coca-Cola for manufacturing equipment. This is in addition to another $12 billion in new commitments for Obama‘s Power Africa initiative, which will give multinational corporations—including GE—billions of dollars in energy deals to „double the number of people with access to power in Sub-Saharan Africa.“ The total bill comes to $33 billion for „supporting economic growth across Africa and tens of thousands of U.S. jobs,“ according to the White House.