Sunday, December 16, 2018

Business / October / 2017

Finland, IFC join forces to propel clean energy investments

By blending resources Finland and the World Bank’s private sector arm IFC are aiming to raise hundreds of billions of euros for climate projects, mainly in low-income countries.

World Bank body to arbitrate EcoEnergy sugar dispute with Tanzania

The tribunal that will handle Bagamoyo EcoEnergy’s complaint against the government of Tanzania regarding the company’s cancelled sugar and ethanol project could take three years to reach a decision. Sida, which is owed SEK 54 million by the company, tells Development Today it will await the outcome of the case to reclaim its funds.