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Thursday, 7 December 2017

Enara Capital planning USD 680 mn worth of energy projects in Africa next year

Enara Capital is planning to execute four renewable energy projects worth a combined USD 680 mn in four African countries next year, Al Borsa reports. The projects will be established in Ethiopia, Zambia, Senegal, and Madagascar, Enara’s Chief Investment Officer Hashem Fouad said. The investment fund will finance the projects through facilitated loans from the World Bank, and expects to reach financial close in 2018.

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