Friday, December 06, 2019

Business / DT 16 / 2011

Sida rewards 9 firms with grants. Little Nordic interest

In the first round of a pilot business aid scheme, Sida has handed out EUR 1 million in grants to companies in eight different countries. Sida was suprised by the lack of interest from Norway, Denmark and Finland.

Finnish-Kenyan AIDS drug aims for global market

UCL, a Kenya-based drug manufacturer in Finnfund’s investment portfolio, is one of just a handful of African companies to have a medicine approved by WHO for sale on the global market. But to win contracts with big buyers like Global Fund, Pepfar or Unicef, UCL must compete against Indian drug manufacturers.

Denmark among top ten UN suppliers

Denmark is the only Nordic country among the top ten suppliers to the United Nations, while firms located in developing countries have captured an increasing share of this market.

Oil fund wants to develop African financial markets

The chief of the NOK 3 trillion Norwegian sovereign wealth fund says that as soon there are functioning local capital markets in African countries, the oil fund will be there to invest.

New round for Norconsult

The leading Norwegian engineering firm acquitted last July of corruption charges related to a World Bank project in Tanzania, but the prosector appealed the decision.