Thursday, December 14, 2017

Business / DT 4-5 / 2017

Kenya foots bill for delay in Lake Turkana wind project. Nordic aid-funded investors avoid losses

 
Kenyan consumers may have to pay millions of EUR in penalties due to delays in the transmission line for the Lake Turkana wind project. Five years ago the World Bank warned that this could happen.
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IFAD sets final deadline for Tanzania sugar project

 
With USD 67 million tied up in the outgrowers programme for the Bagamoyo sugar project, IFAD is making one last effort to salvage the scheme.
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World Bank corruption report kicks off Danish police investigation of Consia

 
Danish police have initiated an investigation of Consultants based on a World Bank report.
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Internal audit: Sida took too much at face value when it gave bridge financing to Bagamoyo bioenergy project

 
An internal Sida report criticises the decision to grant up to SEK 120 million to keep the Swedish firm Bagamoyo EcoEnergy (BEE) afloat in Tanzania. 
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