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Norway to open new renewable energy office in Nairobi

31 October 2014, 15:20

Nairobi - Norwegian Foreign Minister Borge Brende on Thursday announced 300 million kroner (50 million U.S. dollars) to support renewable energy development in sub-Sahara Africa.

The announcement came at the Norwegian-African Business Summit attended by more than 400 people from both Africa and the host country, including Ghanaian President John Dramani Mahama.

"More than 700 million people in Africa lack electricity. The continent needs more investments in renewable energy," Brende told the day-long forum.

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"I am pleased to announce that Norway will contribute to Green Africa Power, a new fund to stimulate private sector investment in renewable energy in sub Sahara Africa," he added.

Eivind Fjeldstad, managing director of the Norwegian-African Business Association (NABA) that organized the forum, said plans were underway to open an office in Nairobi, Kenya.

Mahama, in his keynote speech, said that the international business community needs to support and encourage infrastructure development in Africa.

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