Disclosures on a business’ operations and risks in environmental stewardship, social responsibility and corporate governance play an important part in how it is seen by investors, customers and clients. RSK’s Africa ESG Director Mark Gibson explains how mining houses can leverage their alignment... More
Indonesia will need to seriously pick up the pace of both renewables and coal retirement financing to meet a 2040 coal phase-out ambition. A lacklustre and elections-scarred 2024 makes that job much harder. More
Nordic Investment Bank is considering providing financing for a bridge construction project in Iceland.The project will involve the construction of a 330-metre-long cable-stayed bridge and connecting a four-lane motorway to the existing Highway 1 in the vicinity of Selfoss town in South Iceland. The... More
Brazilian B2B-focused operator Um Telecom will submit a project to development bank BNDES in the coming days to finance the next phases of its first data centre, in Recife, Pernambuco state.In addition, the company intends to submit a project on funding for a second data centre, to be built in... More
China has renewed its $10 million funding to the China-IFAD South-South and Triangular Cooperation (SSTC) Facility for agricultural projects.Launched in 2018 with an initial $10 million contribution from China, the China-SSTC Facility – the first of its kind within IFAD – has leveraged... More
The European Investment Fund in investing €40 million in the Fonds Stratégique des Transitions (FST), a private equity fund managed by ISALT.With a target size above €300 million, the FST focuses on long-term investments in high-potential companies that play a strategic role in... More
Small Industries Development Bank of India (SIDBI) and AFD have signed a $100 million credit facility agreement to scale up green finance solutions for Indian MSMEs. The partnership aims to support sustainable growth and drive the transition towards a low-carbon economy.AFD will provide credit line... More
Africa Finance Corporation and the Export-Import Bank of China have signed an agreement to deepen collaboration in financing strategic infrastructure and trade projects across Africa.To date, AFC has secured a total of $700 million in financing from Chexim, including a $300 million facility in 2018... More
ONGC NTPC Green Private (ONGPL) - a 50:50 JV between ONGC Green Limited and NTPC Green Energy - is acquiring a 100% equity stake in Ayana Renewable Power for INR195 billion ($2.3 billion). ONGPL signed a Share Purchase Agreement with National Investment and Infrastructure Fund, British International... More
BNP Paribas has signed an agreement with EIB that will stimulate up to €8 billion of funding for wind energy projects across the EU. This initiative will unlock key investments to support new wind farm projects, supply chain efficiency and improved grid interconnections, therefore... More
EBRD and Citi Ukraine have signed a $100 million revolving credit facility in Ukrainian hryvnia to increase the availability of the national currency to local businesses affected by the war. This follows a similar facility agreed a year ago.The facility enables the EBRD to secure access to hryvnia... More
Italy’s largest banking group, Intesa Sanpaolo, and the Asian Development Bank have vowed to not finance a $10 billion LNG project in Papua New Guinea by TotalEnergies, Santos and Exxon Mobil.Energy majors are refocusing spending on more profitable oil and gas businesses and, in many cases,... More
IDB Invest provided $50 million in financing to Aristos Inmobiliaria to support the development of the second phase of Orion Industrial Park, the first airport free trade zone in El Salvador, and the modernisation of industrial rooftops in the American Industrial Park and Sirius Industrial Park.The... More
The World Bank has agreed funding for a project to help set Eswatini on the path to universal energy access by 2030. The Accelerating Sustainable and Clean Energy Access Transformation (ASCENT) project for Eswatini will help the country reach the remaining 12% of the population with... More
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Full detailsEIB and Investisseurs & Partenaires (I&P) have penned a financial partnership worth €15 million for the new I&P Afrique Entrepreneurs 3 (IPAE 3) fund. EIB – along with the West African Development Bank (BOAD) and Proparco – is among the first to invest in the fund and... More
EIB, the European Investment Fund, Santander Bank Polska and Santander Leasing have signed a new agreement to support lending to SMEs in Poland. The deal has a particular focus on financing businesses that meet gender equality criteria. The cooperation is set to mobilise up to PLN5 billion... More
RGreen Invest and Echosys Invest have announced the final closing of the AFRIGREEN Debt Impact Fund, having successfully reached its €100 million target. The senior debt fund finances commercial and industrial solar and small-size utility scale solar power plants in Africa. The fund... More
Germany has granted €30 million ($31.26 million) to a green hydrogen project in Morocco that aims to produce 100,000 tonnes of green ammonia annually once operational next year.The “non-refundable” grant from the PtX Development Fund has been offered to the Jorf Lasfar project,... More
African Development Fund has approved several loans and grants to Uganda and South Sudan to implement an electricity interconnection project between the two neighbouring countries in East Africa.The project will cost a total of $260 million, of which $153.66 million will be provided by the African... More
EIB has approved a financing package of €260 million to support the Maltese government’s investments aimed at fostering a smarter, greener, and more resilient economy. The first €130 million tranche has been signed to help Malta co-finance initiatives that receive grants through... More