Farmlands, or agricultural landscapes, captures the interest of a number of researchers based at the Department of Human Geography, Stockholm University. On this blog we share information about research findings, activities, events and comments related to our work.

Our interest in farmlands has three roots: farming, landscape and society.
Farming as a practice, including farmers knowledge and labour investments
Landscape as society-nature relations, congealed history, and as space and place
Society as a short form for institutions, gender relations, political economy and scientific relevance

Most Welcome to FarmLandS!

Sunday, March 26, 2017

Swedish public costs for failed SEKAB/EcoEnergy more than 200 million SEK

Norwegian based journal Development Today is always well informed about news on Nordic devlopment projects. Two articles in today's issue deal with the failed SEKAB/EcoEnergy sugar plantation in Bagamoyo (see my previous posts on this blog Green economy  and Swedish agrobusiness abroad fails)

From the article IFAD days away from cancellling Bagamoyo sugar loan we learn that Tanzanian government must confirm the status of the Bagamoyo sugar and ethanol project to IFAD before the end of this month. IFAD (The International Fund for Agricultural Development - an agency of the UN) has guaranteed huge loans and grants for the development of outgrower schemes in Bagamoyo together with the African Development Bank.

From the article SEKAB never recovered losses from Bagamoyo we learn that the losses of SEKAB when they sold their Africa-based companies to Per Carstedt for 400 SEK were written off early. The chances of getting small pieces of that back through buying cheap ethanol from Bagamoyo according to the agreement from 2011 now seems to have disappeared into thin air.

So it is now possible to start looking at the losses of public Swedish money..

SEKAB is a public-owned energy company where municipalities (local districts)  in the north of Sweden have put in money for the Africa plans. According Swedish television investigative program Uppdrag granskning 500 million SEK disappeared from taxpayers money into the SEKAB Africa companies. This and other problems with their energy company took a heavy toll on the economy of Örnsköldsvik town according Uppdrag granskning in August 2014 .

According to Development Today the losses from SEKAB when selling the company to EcoEnergy were 158 million SEK that were written off  long time ago.

On top of that Swedish International Development Agency Sida, has a claim of SEK 54 millions on EcoEnergy, according to Development Today.

It seems safe to say that losses of Swedish taxpayers for this land grabbing adventure amounts to much more than 200 million SEK.

3 comments:

  1. This comment has been removed by a blog administrator.

    ReplyDelete
  2. This comment has been removed by a blog administrator.

    ReplyDelete
  3. NOW LIFE IS WORTH LIVING WITH THE HELP OF EDWARD JONES FINANCE

    Hello Every One, My Name is Trevor Cohen live in Texas and life is worth living comfortably for me and my family now. I really have never seen goodness shown to me this much in my life as i am a struggling Dad with three kids and i have been going through a serious problem as my son encountered a terrible accident last week, and the doctors states that he needs to undergo a delicate surgery for him to be able to walk again, and i could not afford the bill for his surgery then i went to the bank for a loan and they turn me down stating that credit score was bad, from there i run to my father and some of my friends but they could not help, then when i was surfing through the net i came across a loan lender EDWARD JONES who provides loans at an affordable interest rate of 2% and i have been hearing about so many scams on the internet but at this time, in my desperate situation i had no choice than to give it a try and surprisingly it was all like a dream, i received a loan of $85,000.00 and i payed for my son surgery and thank GOD today he is okay and can walk. I could in turn start something profitable with the remaining amount and i said to my self that i will shout loud to the world of the wonders of GOD to me through this GOD fearing lender EDWARD JONES and i will advise anyone in genuine and serious need of loan to contact this GOD fearing Company via: Jonesloanfinance@yahoo.com OR Text him +1(307) 217-5388

    ReplyDelete