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Events
31 March 2009
EIB - what's the EU's house bank doing away from home?
3 December 2008
Turning a curse into a blessing: Three testimonies about Africa's mineral wealth
1 July 2008
The European Investment Bank - facing challenges as it turns 50
5 October 2007
The European Union's Financing in the Energy Sector in Africa
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The Bujagali Hydropower Project is a 250-megawatt power-generating facility developed by Bujagali Energy Limited, a joint venture between Kenya-based Industrial Promotion Services (IPS), the Aga Khan Fund for Economic Development, and US-based Sithe Global Power, with construction by Italy’s Salini.

Following the findings of a field mission in Uganda in April 2009, the European coalition Counter Balance, in collaboration with Human Rights lawyers of Sherpa (France) and CLAI (Italy) has been supporting the Ugandan local communities, lead by the Ugandan National Association of Professional Environmentalists (NAPE) in gathering evidences in order to file a complaint against the European Investment Bank, following the successful outcome of the complaint filed against the World Bank through the independent World Bank Inspection Panel (1).
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Following a highly critical assessment from a World Bank body on the impacts of the USD 799 million Bujagali dam in Uganda, the campaign coalition Counter Balance has called on the European Investment Bank (EIB), a joint funder of the controversial project with the World Bank, to withhold any further disbursement of its USD 130 million loan for the project until an independent investigation of the impacts of the dam are undertaken.


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At the European Development Days in Lisbon, NGO campaigners concerned about the expanding financing role of the European Investment Bank (EIB) in developing countries have called for the EIB to urgently strengthen its lending standards and procedures.

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