Yoma Strategic and Norfund to build distributed power networks in Myanmar

Yoma Strategic Holdings Ltd. has announced its partnership with Norfund, a Norwegian state-owned investment fund, to establish distributed generation micropower plants and mini grids for the purpose of generating and distributing electricity to off-grid rural communities and telecommunications towers in Myanmar. According to a statement, electricity infrastructure development is a priority for Myanmar to drive […]

Norway to take stake in MFI

The Norwegian Investment Fund for Developing Countries (Norfund) has acquired the right to take up to a 25 percent stake in local microfinance company Myanmar Finance International. The microfinance firm is owned by AIM-listed Myanmar Investments International as well as Myanmar Finance Corporation. Norfund is Norway’s main vehicle for combating poverty through private-sector development. “Norfund […]