In depth
19 May 2025

Cirebon 1: How will ADB’s first ETM financing with banks work?

International banks are yet to participate in a financing under the ADB’s Energy Transition Mechanism (ETM). But a financial blueprint for the phasing out of the Cirebon 1 coal-fired power plant in Indonesia is emerging. How will it work though? More

In depth
12 May 2025

Uxolo talk: AIIB’s Nardelli on its debut HK dollar bond

At the headquarters of the AIIB in Beijing, Uxolo spoke with Domenico Nardelli, Treasurer at AIIB, to outline the MDB’s recent inaugural HK$4 billion ($514 million) three-year public Hong Kong dollar bond market issue – known as the ‘wonton’ bond – as it adds another instrument to its financial... More

News
20 May 2025

CABEI issues blue bond to fund Lake Yojoa recovery

CABEI has priced a new blue bond for €30 million to finance the sustainable recovery of Lake Yojoa in Honduras.The issuance, targeted at a Spanish investor, was structured with an initial tenor of 30 years under a flexible structure adapted to current market conditions. This placement was... More

News
20 May 2025

Sun King secures $80m to expand solar access in Nigeria

Sun King has secured an $80 million, fully Naira-denominated loan facility to scale access to off-grid solar energy in Nigeria. The financing from IFC and Stanbic IBTC Bank enables households and small businesses to adopt clean, reliable solar power without prohibitive upfront costs.By combining... More

Event Session
16 April 2025
News
20 May 2025

Oksenelvane hydropower upgrade gets NIB financing

NIB and Norwegian Sogn og Fjordande Energi (SFE) - a supplier of renewable energy in western Norway - have signed a €30 million (about $33.7 million) investment loan for the Oksenelvane hydropower station upgrade project. The term of the loan is 15 years.Oksenelvane Power Plant was one of the... More

News
20 May 2025

Reforestation group re.green wins new BNDES support

Brazilian forest restoration group re.green has secured BRL80 million (over $14 million) from BNDES via the Climate Fund. The deal marks the first biodiversity label ever applied to a restoration project in Brazil, with a “Dark Green” rating awarded by S&P Global. A year... More

News
20 May 2025

Portuguese school rehabilitation project receives €300m

EIB has signed a €300 million (about $338 million) deal with Portugal to co-finance the School Restoration and Rehabilitation Programme, which aims to modernise hundreds of state-funded schools across the country. At least 499 schools will be able to apply for assistance to undertake works... More

News
20 May 2025

EBRD invests €76m in VGP green bonds

EBRD has subscribed to a €76 million ticket as part of the existing green bond programme of VGP, a pan-European provider of logistics and semi-industrial real estate.The tap issuance will increase the size of the original €500 million senior unsecured five-year green bonds issued in March... More

News
20 May 2025

Uzbekistan geospatial data project gets World Bank funds

The World Bank has approved a $35 million concessional credit to support Uzbekistan in improving the availability and use of geospatial data. The project will contribute to the digitalisation of public service delivery and advance territorial development. The government of Uzbekistan will contribute... More

News
20 May 2025

IsDB to lend Algeria $3bn over next 3 years

Algeria is expected to receive $3 billion in loans from the Islamic Development Bank over the next three years to support the implementation of key development projects.Bank President Muhammad Sulaiman Al Jasser said the funding will be directed toward projects including railway development, as part... More

News
20 May 2025

ITFC supports Burkina Faso's cotton campaign

ITFC has signed a €106 million ($118.7 million) deal with Societe Burkinabe des Fibres Textiles (SOFITEX) to support Burkina Faso's cotton campaign.This signing is in line with the $900 million framework agreement signed in May 2023 between ITFC and Burkina Faso. The new funding contributes... More

News
20 May 2025

EBRD invests €40m in Akropolis’s green bond

EBRD has subscribed to a €40 million ticket as part of a €350 million green bond issue by Lithuania’s Akropolis Group, a retail and entertainment platform in the Baltic states.The green bond issue was carried out in accordance with the company’s Green Finance Framework, which... More

News
19 May 2025

Eurowind reaches financial close on Romanian solar project

Eurowind Energy has secured funding for its 60MW Teius Photovoltaic Park, which was inaugurated at the end of April in Alba County, Romania.Raiffeisen Bank Romania and Raiffeisen Bank International provided €28.7 million ($32 million) equally, representing 60% of the development costs of the... More

News
19 May 2025

EIB to provide €70bn for tech firms and innovators

EIB is launching a new initiative to close Europe’s investment gap with the US, aiming to provide €70 billion (about $78 billion) in start-up funding by 2027. This will encourage private investors to get on board with projects, unlocking as much as €250 billion in investment for... More

Event
Jun 10 - Jun 12, 2025

Uxolo Global 2025: Development & Impact Finance

Tivoli Hotel & Congress Centre, Copenhagen, Denmark

Enter AgencyLand: Financing Tomorrow. Let us take you on a wild ride that brings together leaders from across export, project & development finance. A show-stopping opportunity for all!

Full details
News
19 May 2025

Polish residential green financing gets EBRD support

EBRD is extending an €80 million ($90.2 million) portfolio risk-sharing guarantee to BNP Paribas Bank Polska (BNPPBP) to help increase access to green finance in Poland.EBRD’s guarantee will enable BNPPBP to lend €100 million worth of sub-loans to private individuals for residential... More

News
19 May 2025

Botswana's fiscal stability, economic reforms get AfDB support

AfDB has approved a $304 million loan to Botswana to support the southern African country in managing mounting fiscal challenges and implementing key governance and economic reforms.The funding will finance the Governance and Economic Resilience Support Programme (GERSP), a one-year general budget... More

News
19 May 2025

Bulgaria's EEEC issues €500m bond

Bulgaria's Eastern European Electric Company has issued a €500 million senior secured bond. The issuance represents the first publicly listed, euro-denominated, benchmark-sized bond by a Bulgarian private company in international debt capital markets. EBRD invested €50 million in the... More

News
19 May 2025

Nigerian development bank unveils MSME package plan

The Development Bank of Nigeria is scaling up its commitment to Nigeria’s MSME sector, with plans to grow its outstanding loan portfolio to over NGN1.8 trillion (about $1.12 billion) as part of its new five-year strategic plan.The bank is looking to mobilise NGN3 trillion in debt and equity to... More

News
19 May 2025

Syria’s IDA arrears are cleared

The arrears of approximately $15.5 million due to the International Development Association by Syria have been cleared, effective May 12. The payment to clear the arrears was made by Saudi Arabia and Qatar. Consequently, the country’s eligibility for new operations has been reinstated, subject... More

News
19 May 2025

Adam Brenneman joins Milbank from Cleary Gottlieb

Milbank has appointed Adam Brenneman as a partner in the firm’s corporate finance and securities group in New York. Brenneman joins Milbank from Cleary Gottlieb, where he was a partner in the Latin America and Capital Markets practices. Brenneman’s practice encompasses diversified... More