Africa in Transition » U.S. Efforts to Power Africa.
The initiative has also leveraged more than $20 billion of commitments from the private sector, World Bank, African Development Bank, and Swedish government. After only a year, Power Africa has facilitated transactions that will generate about 3,000 megawatts of new energy.
Despite bipartisan support, international backing, and private sector buy-in, Power Africa has not been universally popular. Critics have expressed concern that the gains facilitated by Power Africa are merely commitments on paper and have neither translated into energy projects nor generated a single benefit to Africans. Furthermore, some claim that Power Africa is merely a way to subsidize U.S. companies’ entry into African markets.