Maersk family fund to bid on African utility

A.P. Møller Capital is ready to make its first investment which will place DKK 500 million in an energy company in Zambia, reports Danish media.

The Maersk family's Africa fund, A.P. Møller Capital will now make its first investment and place a bid alongside a British state-owned fund on a Zambian utility, reports Danish media Berlingske Business. The energy company is state-owned Cobberbelt Energy Corporation and if the plan is successful, this will be the fund’s first acquisition, which will help develop the infrastructure in the African nation.

"The electricity network in Zambia is underdeveloped. There is a shortage of capacity and there are often breakdowns in the power supply which ultimately puts a serious damper on the economic growth," says CEO Kim Fejfer of A.P. Møller Capital to the newspaper.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

IKEA sustainability manager: Green solutions should not cost more

As a starting point, furniture giant Ikea won't accept that green solutions become more expensive than polluting solutions, says Elisabeth Munck af Rosenschöld, Global Sustainability Manager for Supply Chain Operations, to ShippingWatch. Ikea is part of an alliance of global companies that calls for green shipping by 2040.

Long Beach logjam of container vessels grows to 80

Bottlenecks at major US container ports in continue to grow, with the ports of Long Beach and Los Angeles being the worst hit at the moment. Here, 80 vessels are waiting to berth, according to new figures form Vessels Value.

Further reading

Related articles

Trial banner

Latest news

See all jobs