Madagascar: agreement to be finalised with lenders before the end March for Axian’s Volobe dam (€350 million)
The project company will soon sign a funding principle document in Paris with the French agency Proparco, the International Finance Corporation (IFC) and the African Development Bank (AfDB) for this key hydroelectric infrastructure.
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▪ Madagascar: agreement to be finalised with lenders before the end March for Axian’s Volobe dam (€350 million)
▪ The project company will soon sign a funding principle document in Paris with the French agency Proparco, the International Finance Corporation (IFC) and the African Development Bank (AfDB) for this key hydroelectric infrastructure.
▪ https://www.africabusinessplus.com/en/803182/madagascar-agreement-to-be-finalised-with-lenders-before-the-end-march-for-axians-volobe-dam-e350-million/
Spearheaded by the Malagasy group Axian, led by businessman Hassanein Hiridjee via his subsidiary Jovena , the Africa50 fund, the Norwegian developer SN Power, which is a subsidiary of Norfund (a public investment fund for developing countries), and the group Colas (Bouygues), the Volobe hydroelectric dam project is nearly finalised.
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