Ofer, AfDB and FMO see their millions go up in smoke at Sendou

Dutch development agency FMO and the African Development Bank have opened an investigation into the financing of the Sendou power station by a group of promoters led by Stockholm-based businessman Louis Claude Norland Suzor. The two institutions have invested over $110 million in the power station with little to show for it. Private investors like Israeli tycoon Idan Ofer have also lost money. Africa Intelligence explains how the project has become a fiasco. [...] (2202 words)
Issue dated 28/09/2020 Reading time 9 minutes
The Sendou power station, Senegal.
The Sendou power station, Senegal. © Nic Bothma/EPA/Newscom/MaxPPP

Read this article here:

This article may be accessed by subscribers and e-wallet holders (USD 31)
Log in to read more

Subscribe or Pay-Per-Article
Discover our offers
Further reading

New: Sign up for real-time alerts and be notified of new editions!  

Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Stay informed anytime, anywhere!