Dar es Salaam Launches New ‘Green’ Energy Firm
From All Africa
By Sebastian Mrindoko
A US-based public investment company, the E+CO, announced the creation of Persistent Energy Partners LLC, a subsidiary firm, to expand financing of clean energy businesses in East Africa.
“We at the E+CO and Persistent Energy Partners are excited about the opportunities to invest in clean energy businesses in Tanzania and throughout the East African region,” remarked Mr Christopher Aidun, the Persistent Energy Partners LLC’s Chief Executive Officer (CEO) in Dar es Salaam.
The decision to streamline E+CO is aimed at enhancing efficiencies in harnessing better opportunities to benefit the kind of business investment with the ultimate goal of bringing clean energy to the needy rural people. Currently E+CO has a portfolio of over 30 investments with largest part based in Tanzania, Ghana and Uganda. Globally, E+CO has over 150 investments in 90 companies in 20 countries on three continents.
