African venture dealt death blow to vintage Norwegian firm

A failed project in Tanzania and due debts exceeding NOK 500 million sent Jacobsen Elektro over the edge. The estate liquidator informs that similar debts will soon mature from Ghana.

The 150 MW Kenyerezi installation in Tanzania, built for Tanesco, sent Jacobsen Elektro toward insolvency. | Photo: PR / Jacobsen Elektro

by VICTOR EMIL KRISTENSEN

Early 2020 has seen lots of lists made about items that seem essential for society but which didn't exist in 2010. These lists burgeon with products like the iPhone, Snapchat, Instagram, grocery delivery boxes etc.

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