Africa’s Energy Needs Top Agenda World Bank

The World Bank is questioning the value of large-scale power-generation projects of the type it has funded in Africa and other parts of the developing world.

The World Bank has been criticized for traditionally favoring mega size hydropower projects at the expense of renewable energy solutions.

The bank estimates that current oil prices are causing Sub-Saharan African nations to lose three percent of their gross domestic product, while increasing poverty by about five percent.

Voice of America