Kenya gets US$18m for green trade and Covid-19 war from Denmark

KENYA – The government of Kenya has received US$18 million support from Denmark to help promote East Africa regional trade and combat Covid-19 pandemic. The funding will be channelled through TradeMark East Africa (TMEA), which works with governments in the region to reduce trade barriers through automation and setting up of the required infrastructure such as One Stop Border Posts (OSBPs). The Danish funding comes in two financial agreements with US$15 million funding Kenya’s efforts to transition to Green Trade and creating sustainable jobs under the Denmark and Kenya Strategic…

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Denmark’s Vestas wins contract for construction of 225MW wind farm in Egypt

EGYPT – The Danish wind turbine manufacturer Vestas has won the contract to build a 252 MW wind farm in the Gulf of Suez in Egypt, a location where many wind projects in Egypt are currently concentrated. Just close to where the new wind farm will be located is the 580MW Gulf of Zeit wind energy complex which is the biggest wind complex in MENA region. The Gulf of Suiz is attractive to wind farm investors as it is reported to experience the most optimum conditions for wind farms such…

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Egypt partners Denmark to enhance investments in green energy

EGYPT – The Government of Egypt has signed an energy partnership with the Danish government with the aim of transforming the energy sector through enhanced investments in clean energy. The agreement created the Egyptian-Danish Energy Partnership and was signed by the Minister of International Cooperation Dr. Rania Al-Mashat, and Minister of Electricity and Renewable Energy Dr. Mohamed Shaker. The government of Denmark was represented by the Energy Agency of the Danish Ministry of Climate, Energy and Utilities.  Harnessing the power of partnerships, Al Mashat said that the new partnership agreement…

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Ethiopia secures US$132M from Danske Bank to fund Assela’s wind power project

ETHIOPIA – Ethiopia has secured US$132 million (€117.3 million loan) from Danske Bank, Denmark’s largest bank to finance the Assela wind power project. A statement from Danske Bank explained that upon completion, the Assela Wind Power project will feed 100 MW into Ethiopia’s electricity grid. The Assela wind project is also supported by the African Development Bank (AfDB) which has already released 1.8 million dollars for the technical studies and the environmental and social impact of the future wind farm. Ethiopian Finance Minister Ahmed Shide signed the loan agreement with…

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