Browsing: Norfund

Business A branch of Moza Banco in the town of Chicualacuala, opened in May 2017. Photo: Moza Banco
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Arise, the Dutch-Norwegian investment fund for financial services in Africa, says it wants Moza Banco to remain majority-owned by Mozambicans if and when it takes a “significant minority interest” in the bank, giving it at least one seat on the bank’s [...]

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Electricity Scatec Solar's 40 MW plant at Linde, South Africa.  © Scatec Solar
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The Mocuba solar power plant in Mozambique - the first large-scale solar power plant in sub-Saharan Africa outside of South Africa - should reach financial close in the coming weeks after the IFC committed to a scaled-down financing package, reflecting a [...]

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Finance Bank of Mozambique governor Rogério Zandamela addressing journalists on 21 October 2016. Photo © Tom Bowker / Zitamar News
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The controversial award of Moza Banco to the Bank of Mozambique’s pension fund is being analysed by Mozambique’s Central Commission on Public Ethics after the central bank brushed off accusations of a conflict of interest, saying such concerns were [...]

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Electricity Scatec Solar's 40 MW plant at Linde, South Africa.  © Scatec Solar
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The Mozambique government has given the green light to a large scale solar power project in the northern province of Zambèzia, to be built by a Norwegian firm in conjunction with national utility Electricidade de Moçambique (EDM). The $84 million project is majority owned by Oslo-based