Wednesday, November 20, 2019

No Nordic DFI investment in Bagamoyo ethanol project

Bagamoyo EcoEnergy Ltd, owned by a Mauritius-based holding company, is seeking a guarantee from Sida to establish a sugar cane plantation and ethanol production facility in Tanzania.

The company states in an investment proposal that a number of DFIs have expressed interest in investing in African agro-energy. But in the Nordic region, no DFIs have committed to invest in Bagamoyo.

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