Sunday, January 19, 2020

Business / DT 12 / 2015

‘Icing on the cake’. Google buys into Nordic-backed mega-windfarm in Kenya

Africa’s biggest windfarm at Lake Turkana in Kenya would not have been possible without three Nordic aid-financed investors committing equity for the project in an early phase, an executive at the firm says to Development Today. 

Auditor questions Norfund’s fossil fuel investment

The share of Norfund’s investments in poor countries dropped last year and the fund became a major owner of fossil fuel power plants in Africa. 

Sida’s stake in Bagamoyo hangs by a thread

The agreement between Sida and the biofuel company Bagamoyo EcoEnergy expires in two months. If the firm does not find an investor for the ambitious sugar project in Tanzania by year's end, Sida stands to lose up to SEK 54 million.