Africa Finance Corporation has signed a three-year $300 million loan facility agreement with the Export-Import Bank of China. The loan will provide critical financing to support trade finance and investment in Africa, further facilitating the flow of goods and services between Africa and... More

IFC has appointed Charlotte Ndaw Sako as its country manager for the Central Africa region. In her Ndaw Sako will lead IFC's strategy and operations to spur private sector development and drive sustainable, inclusive economic growth across Cameroon, Central African Republic, Gabon,... More

EIB is providing €50 million towards the upgrading and decarbonisation of Bocconi University in Milan to provide modern, sustainable, state-of-the-art facilities for students. Buildings on the Bocconi campus will be built, renovated and modernised according to the highest energy efficiency... More

The EBRD has granted a €150 million ($159.4 million) loan to Pekao Leasing, intended to support Polish MSMEs that have been negatively affected by the war in Ukraine.A minimum of 60% of the loan proceeds will be directed toward financing leases for green equipment, aligning with the EBRD's... More

Islamic Development Bank has tightened price guidance for its five-year Islamic bonds to around 54 basis points over mid-swaps from 57 basis points over the same benchmark.The guidance was tightened after the lender received more than $1.1 billion in orders for sukuk expected to be priced later in... More

The EBRD has provided a €25 million ($26.4 million) loan to WAT Motor in Turkey to finance capacity investment and green initiatives.WAT Motor will utilize the loan's proceeds to bolster its production of value-added electric motors and manufacture electric vehicle charging equipment.... More

ADB and Maxwealth Financial Leasing have signed a CNY1 billion ($140 million) senior loan to support lease financing for MSMEs and spur inclusive growth and job creation in China.The loan comprises CNY500 million from ADB and a CNY500 million syndicated local currency complementary loan with ADB... More

The Nordic Investment Bank has signed a seven-year loan agreement with Norwegian utility company Varanger Kraft to upgrade its hydrogen facility for commercial operations and improve the electricity distribution network in the Varanger region.A segment of the NOK50 million ($4.6 million) loan will... More

IFC is partnering with Santander Bank Polska (SPL) to launch its first investment aimed at assisting Ukrainian Forcibly Displaced Persons (FDPs) as well as Ukrainian FDP-owned and FDP-inclusive smaller businesses in Poland.IFC is offering around $17 million as a second-loss guarantee for consumer... More

The World Bank has approved a new project that will ensure the delivery of resources and improve access to services for thousands of Solomon Islanders in and around the upcoming Tina River Hydropower project site.The Second Phase of the Community Benefit Sharing Project, a $5 million grant, will... More

AMEA Power has reached financial close on its 120MW solar PV project in Tunisia. The $86 million project will be the first large-scale, privately financed solar project in Tunisia and one of the largest infrastructure public-private partnership projects in the country in over a decade. The... More

The Asian Infrastructure Investment Bank has launched its inaugural Climate Action Plan (CAP).Designed to guide AIIB’s climate ambition from 2024-2030, the CAP brings together the principles governing the bank’s climate financing while identifying crucial action areas that will steer... More

Blended finance will be key to supporting India's energy transition through its ability to drive more private capital to high-impact climate projects, says an IFC report.The report, Blended Finance for Climate Investments in India, highlights blended concessional finance as an innovative... More

The Inter-American Development Bank has approved a loan of $67.8 million to improve education in the municipality of Florianopolis, Brazil. The funds will allow the expansion of full-time early childhood education coverage and the promotion of more efficient and inclusive teaching and learning... More

AfDB group has announced the 15-month debarment of Kenya's Joycot General Contractors.An investigation conducted by the bank’s Office of Integrity and Anti-Corruption found that Joycot General Contractors engaged in fraudulent practices during a tender for the construction of reticulation... More

IFC is partnering with Egypt's Kandil Steel to support the company's operational and financial resilience, support private sector jobs, and help it reduce its carbon emissions.  IFC's $25 million loan to Kandil Steel, one of the largest flat steel downstream re-rollers in the Middle... More

Nubank, one of the world's largest digital financial services platforms, has announced a significant increase in the A/B loan provided by the International Finance Corporation. From the initial commitment of $150 million, announced in January 2023, the amount has now been increased to... More

Sri Lanka's cabinet approved a $200 million loan from the Asian Development Bank as the country focuses on rebuilding its crisis-hit economy. The funds will be obtained in a five-year loan to help the island navigate its way out of its worst financial crisis in more than seven decades. More