Trudeau program defends $12.8m to create jobs in Kenya

Trudeau program defends $12.8m to create jobs in Kenya
Remove Ads

Trudeau's $300 million FinDev Canada program gave nearly $13 million to a company in Nairobi which went on to lay off 150 employees two weeks later.

Announced as a five-year program under Export Development Canada in 2017, FinDev is designed to support business in developing countries with a focus on Latin America, the Caribbean and sub-Saharan Africa.

Earlier this week, FinDev defended the decision to grant the funds to M-Kopa Solar, which was initially proposed by former CEO Paul Lamontagne.

FinDev's website on the Kenyan company M-Kopa Solar notes that the group's focus is on “reducing carbon emissions” by contributing to the reduction of kerosene usage.

According to Blacklock's, M-Kopa handed out layoff notices two weeks after signing on with FinDev:

Its first funding, a total $12.8 million, went to M-Kopa Solar of Nairobi, a direct sales company distributing cellphones and solar-powered appliances on the installment plan to African villagers. “We just received word that FinDev Canada’s first deal has officially closed!” wrote staff.

The M-Kopa contract was signed February 28, 2018. It was publicly disclosed March 13. Days later on March 15 M-Kopa announced it laid off 150 employees.

Memos from FinDev note that Lamontage offered to manage the M-Kopa contract despite the office not yet having enough employees to manage the deal.

“Since our investment officers will not start until the summer, I will manage the relationship with M-Kopa and serve as our board observer,” wrote Lamontagne in a 2018 memo. “As you know, this makes sense as I have a history in Kenya having previously served as chair of a local impact fund. In fact, I just returned from meeting M-Kopa in Nairobi.”

At the time the subsidy was granted, FinDev's nine employees included a “gender advisor” and a “social media and marketing specialist”.

Remove Ads
Remove Ads

Fight Vaccine Passports Legal Cases

Check out this page for details on our "Fight Vaccine Passports" legal cases.


Don't Get Censored

Big Tech is censoring us. Sign up so we can always stay in touch.

Remove Ads