The UK will next month provide a guarantee for the Asian Development Bank to help unlock more than $1 billion of climate finance for developing countries, according to UK Foreign Secretary David Lammy.ADB earlier this month said it had approved a new goal to devote 50% of its annual lending to... More

WaterEquity, an asset manager dedicated to financing water and sanitation solutions in emerging and frontier markets, has achieved a milestone in raising more than $100 million for its Water & Climate Resilience Fund. This new private investment fund brings together a group of corporate,... More

NIB and Energi have signed a ten-year loan to enhance and strengthen the distribution networks in southern Norway.The NOK1 billion (about $95 million) loan will help build new grid lines, transformer stations and refurbish existing ones in the counties of Agder and Buskerud, including Bjorbekk,... More

Black Rock Mining and its 84%-owned Tanzanian subsidiary, Faru Graphite Corporation, have signed a $179 million deal with Development Bank of Southern Africa, the Industrial Development Corporation of South Africa, and CRDB bank.The funding will be used to develop the Mahenge Graphite Project, in... More

ADB has appointed Hoe Yun Jeong as its new Country Director for Bangladesh.Jeong will lead ADB’s operations in Bangladesh and policy dialogue with the interim government, development partners, and other stakeholders. He will initiate the preparation of ADB's upcoming country partnership... More

Kauno Energija, the district utility company in the Lithuanian city of Kaunas, will upgrade and extend its district heating and hot water supply system with €35 million (about $38.9 million) in support from EIB. The EIB loan is backed by a guarantee from the European Commission’s... More

EIB and the government of Moldova agreed a €200 million loan for forest development and a €12 million EU grant for railway infrastructure improvements. The €200 million EIB loan will support sustainable forestry in Moldova by improving forest governance, strengthening the... More

Erste Asset Management has signed a purchase agreement to acquire 100% of the shares in Vienna-based Impact Asset Management (I-AM).The deal, currently awaiting regulatory approval, sees Erste AM acquiring the majority stake from Cubic.The acquisition is part of Erste AM’s strategy to enhance... More

CEB has passed the €10 billion mark in total Social Inclusion Bond issuance since its first social bond was issued in 2017.With the social development bank’s latest Social Inclusion Bond issuance in April this year, its largest ever syndicated Social Inclusion Bond of €1.25 billion,... More

Caribbean Development Bank and the International Fund for Agricultural Development (IFAD) are partnering to enhance the effectiveness of project procurement processes. The agreement, which applies to joint co-financed projects, is designed to simplify procurement procedures, reduce transaction... More

Eiffel Investment Group has raised €777 million (about $864.5 million) for its second impact debt fund from a range of institutional investors.The Paris-based asset manager said that this closing brings its total private debt assets under management to more than €3.3 billion.Eiffel Impact... More

A project to build a new wind farm in Sicily has received a €97 million loan ($107.8 million) from EIB and Natixis. The green loan financing was structured on a project finance basis and includes €42 million from EIB and €55 million from Natixis.Libeccio, a special purpose vehicle... More

The Kenya Electricity Transmission Company (Ketraco) has awarded Adani Group and Africa50 a public-private partnership concession to construct high-voltage power lines.David Ndii, chairman of President William Ruto’s Council of Economic Advisers, said in a post on X. “They are hiring... More

Proparco has invested $5 million in Omnivore’s third fund, the Omnivore Agritech & Climate Sustainability Fund. Omnivore supports founders advancing agrifood resilience, driving rural transformation, and catalyzing climate action across India and Southeast Asia. The VC firm’s... More

ADB and AIIB agreed INR7.2 billion (about $85.8 million) to the JBM Group to expand access to electric buses in the Indian states of Haryana and Odisha. ADB was the MLA for the entire debt, which saw both lenders provide INR3.6 billion.The funding will support the procurement of up to 650 e-buses,... More

IFC has agreed a €100 million (around $108 million) loan to OCP Group to increase the supply of sustainable water for fertilizer production, farmers, and households in Morocco.The loan will support the construction of a 219km water pipeline and pumping station to transport desalinated water... More

NIB and Finnish retailing conglomerate Kesko have signed a €150 million seven-year loan linked to Kesko’s goal of reducing greenhouse gas emissions and food waste.The loan will support the company's ambition to minimise the impact on the climate and nature through own operations and... More

Battolyser Systems has raised €30 million ($33.4 million) in Series A funding from Global Cleantech Capital, Innovation Industries, and Invest-NL.The company will use the funding to scale its operations and bring to market its next-generation electrolyser in 2025. The Battolyser technology can... More