SACE is backing a €34 million EIB loan to fund the construction of the new SIR3 tram line in the Italian city of Padua.The financing, supported by Italian ECA SACE’s Green Guarantee, is the first tranche of the total amount of €43.5 million approved by the EIB.Through ministerial... More

Many products that contribute to deforestation will no longer be importable and sellable in the EU, under a provisional deal struck by EU legislators.The agreement reached by representatives of the Council and Parliament covers palm oil, cattle, soy, coffee, cocoa, timber and rubber as well as... More

Vanguard has pulled out of the Net Zero Asset Managers initiative, stating that the move was necessary to provide “clarity” to investors and show that the firm “speaks independently”.The world's second largest fund manager said it would be leaving the group, whose members... More

The $69 million Fontibon project involves the acquisition of a fleet of 172 electric buses and associated recharging infrastructure for six bus routes in the Fontibon area of Bogota, Colombia.The project is being developed under a 15-year concession agreement granted to the SPV Fontibon ZE S.A.S,... More

The Canadian government has announced that it will end new direct subsidies for fossil fuel investments and projects abroad.The policy applies to the extraction, production, transportation, refining and marketing of crude oil, natural gas or thermal coal, as well as power generation projects that do... More

Jellagen has closed an £8.7 million ($10.6 million) Series A equity financing round which will allow it to continue the development of a jellyfish-derived collagen. The funding will open up a range of possibilities for revolutionising regenerative medicine through medical devices and... More

Egypt is in talks with the Asian Infrastructure Investment Bank (AIIB) and the African Development Bank (AfDB) over a guarantee for the Panda bond to be issued soon. According to Ahmed Kouchouk, Vice Minister of Finance for Fiscal Policies and Institutional Reform, Egypt is “very close”... More

GEF has approved $65 million for its eighth funding cycle, out of which almost half is for biodiversity projects.The Biodiversity Finance Plan Development Support Umbrella Programme will enable countries to mobilise large-scale resources to implement the Post-2020 Global Biodiversity Framework by... More

CABEI has approved a modification to the regulations that increases the maximum limit of financing for non-founding regional and extra-regional member countries.This change allows CABEI to meet the growing demand for needs, initiatives and projects that strengthen the development of the region and... More

Creation Investments has announced the final close of Creation Investments Social Ventures Fund V, the most recent portfolio in its flagship private equity fund family. Creation V is oversubscribed with more than $270 million in commitments from a diverse group of investors, including insurance... More

Trafigura has closed on the syndication of a $600 million financing to Eastern and Southern Trade and Development Bank (TDB) - alongside a consortium of other international and African banks - to back Chemaf’s new mechanised mine at Mutoshi in the Democratic of the Republic of Congo (DRC).... More

InterOpera has completed a World Bank bond tokenisation exercise to showcase how advanced blockchain technology can be applied to capital markets products.Alongside IFC, the observers and participants include global financial institutions and issuers such as BOC, CIMB, DBS, HSBC and KB... More

British Embassy Algiers has announced a call for bids for its climate fund 2022/2023.Activities should focus on the following thematic areas: supporting efforts to raise Algerian public awareness about climate change and its social, economic and/or environmental impact, including youth engagement;... More

Bangladesh has mandated the ADB's Office of Public–Private Partnership to provide transaction advice on the Joydebpur-Mymensingh Road project to be built along one of the country's busiest economic corridors.The scope of the mandate agreed with Bangladesh's Public–Private... More

The World Bank has approved a $200 million loan to support Argentina's digital transformation.The financing will help close the digital divide by expanding the connectivity offer, building a network of data centers and implementing digital skills training for individuals and enterprises.The... More

EBRD and European Union are supporting Lebanon’s private sector with a new advisory program to help SMEs to innovate, grow and become more competitive.The new five-year programme will focus on innovation as a key lever for growth, helping SMEs compete on the international stage, increase their... More

AD Ports Group and Africa Finance Corporation have signed a deal to address infrastructure gaps across the continent.The two organisations will join forces on identifying, financing, developing and investing in much-needed ports, warehouses, maritime and logistics infrastructure projects across... More