South-African and Namibian companies lost out to the Finnish registered GE Healthcare Projects Oy in a tender for a Namibian hospital project financed by Finnish mixed credits.

Development Today is a subscription-based journal published with 20 issues a year. To subscribe click here.

If you are already a subscriber to Development Today please log in.

Would you like to know more about Development Today? Click here.

Print this article

Business

Time for Norfund to reach out to Norwegian firms

Norfund has of late been battered in the press over internal conflicts and investments in tax havens. Norwegian companies say Norfund has been arrogant and shies away from taking risk. In an interview with Development Today, Norfund’s new Managing Director Kjell Roland answers the criticism.

There was a dramatic increase in the level of Sida funding channelled through Swedish state agencies and universities last year.

Denmark continues to have the largest mixed credit portfolio among the Nordics, but the contract value of Danish projects approved last year dropped to DKK 589 million, compared to DKK 2.3 billion in 2005.

As the Norwegian business community comes together for its 15th annual gathering in Oslo on private sector involvement in aid this month, the temperature is at an all-time low. “The business community’s interest in aid is waning," says Tori Tveit at NHO.