Sunday, January 26, 2020

Business / DT 12 / 2008

Hifab to pay Sida maximum compensation after road debacle

A years-long dispute between Sida and the Swedish consultancy firm Hifab has ended, with Hifab forced to pay maximum damages to the aid agency following a failed road project in Nicaragua.

Freeze-dried food producer is newest Noreps member

The newest member of Noreps, Drytech AS, produces high-end freeze-dried food packages which, unlike other Noreps products, are to be used by aid workers rather than recipients in emergency relief operations.

Norwegian investors shy of hydro investment in Laos

The small Norwegian firm Norpower AS has in vain looked for a partner to develop three hydropower projects in Laos.

NOK 230m in Noreps turnover for 2007

The latest statistics from Innovation Norway reveal a total annual turnover of Noreps products to humanitarian actors of NOK 230 million last year. Of this, 23 per cent or NOK 53 million was financed directly by the Norwegian Ministry of Foreign Affairs, while the rest was made up of purchases by international aid agencies.