Lekela Power Receives $87M to Expand Wind Energy in Egypt
The financing will support the development, construction, and operation of a 250 MW wind power plant near the Gulf of Suez, Egypt.
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The financing will support the development, construction, and operation of a 250 MW wind power plant near the Gulf of Suez, Egypt.
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OPIC’s strategy for Africa is to leverage and harness the American private sector investments to spur development and economic growth on the continent.
Continue reading if approved, the deal gives Olam 100% equity ownership of the business as well as competitive edge in the region over its competitors on the continent.
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In Africa, people living in extreme poverty is on the rise in and per capita income growth as a whole is now projected to stay below 1% until at least 2021
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The World Bank plans to increase investments in human capital in Africa by 50 percent in the next funding cycle, a total of $15 billion by fiscal year 2023.
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