British International Investment, Norfund, Scatec invest US$200m in African hydropower

AFRICA – The UK government’s development finance institution British International Investment (BII) plans to invest US$200 million in a joint project with Norway’s Norfund to construct at least three hydroelectric power projects in Africa. The two institutions will equally split a 49% shareholding in a joint venture with Norway’s Scatec ASA for the projects, BII said in a statement. These…

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CDC Group renames, adds Southeast Asia as its new focus area

GLOBAL – CDC Group, the UK’s development finance institution (DFI), has added Southeast Asia and the broader Indo-Pacific region as its new focus area for business expansion as it renames itself as British International Investment beginning April 2022. It has also appointed former Google executive Diana Layfield as its new chairperson. Layfield is the first woman to be appointed as…

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