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News
18 April 2024
in
Traditional energy

World Bank, AfDB unveil African electricity connection plan

The World Bank Group and AfDB Group are partnering on a project to provide at least 300 million people in Africa with electricity access by 2030.The World Bank will work...

News
18 April 2024

BNDES approves financing for Tembici's innovation plan in bike sharing

BNDES has given the green light for financing of BRL84.6 million ($16.1 million) to support Tembici's innovation plan for the 2024-2026 period. This funding will be...

News
18 April 2024
in
Finance and other

BAHL receives investment from FEDA to expand financial services

Bloom Africa Holdings Ltd (BAHL) has secured an investment from the Fund for Export Development in Africa (FEDA), the impact investment subsidiary of Afreximbank. BAHL...

News
17 April 2024
in
Social infrastructure

Acre's Export Finance Fund I raises $100m

Acre Impact Capital has announced the first closing of its Export Finance Fund I, with commitments of $100 million.The fund, which has a target size of $300 million, has...

News
17 April 2024
in
Renewable energy

EBRD supports expansion of Feka Automotive

EBRD has agreed a €15 million loan to Feka Automotive, a Serbia-based producer of automotive lighting. Feka, which has supply contracts with the likes of...

News
17 April 2024
in
Renewable energy

Qair closes financing of two Tunisian solar projects

Qair has closed financing for the construction and operation of two 10MW greenfield solar plants, located in Feriana town, in Tunisia’s Kasserine Governorate.The...

News
17 April 2024
in
Traditional energy

EIB supports TEAG’s power grid expansion in Thuringia

EIB is granting a loan of €400 million (about $426 million) to expand municipal power grids in the German federal state of Thuringia. The co-financed EIB project...

News
17 April 2024
in
Social infrastructure

IDB funds Paraguay's San Estanislao General Hospital

IDB and Paraguay have signed a $60 million loan to strengthen health services in the San Estanislao district, north of the Eastern Region of the country. The loan...

News
17 April 2024
in
Finance and other

DFC and IDB Invest to support development projects in LatAm, Caribbean

DFC and IDB Invest have launched a new co-financing framework aimed at supporting high-impact development projects in Latin America and the Caribbean. The framework will...

News
17 April 2024
in
Social infrastructure

ANI, IFC partner on PPP projects in Colombia

National Infrastructure Agency and IFC are cooperating on PPP projects in Colombia. This agreement aims to support the strengthening of the regulatory framework,...

News
17 April 2024
in
Agriculture/food chain

IFC provides €75m to Ulker Biskuvi

IFC has approved an investment of €75 million ($81 million) in Ulker Biskuvi, designed to enhance the company's earthquake resilience and support climate...

News
17 April 2024
in
Social infrastructure

EIB finances schools refurbishment and construction in France

EIB and the French department of Seine-Maritime have joined forces in a 25-year finance contract worth €150 million ($159.3 million) to modernize the working and...

News
17 April 2024

Metropole Rouen Normandie secures €50m to enhance public transportation

Metropole Rouen Normandie has obtained a €50 million ($54.1 million) loan from EIB to support its public transport network. The primary objective of this funding is...

News
17 April 2024
in
Social projects

ADB to finance healthcare in Georgia

ADB has approved a €46.3 million ($50 million) policy-based loan to enhance the healthcare system in Georgia.Through the Health Sector Enhancement Program, the ADB...

News
17 April 2024
in
Finance and other

World Bank names new MENA VP

The World Bank has appointed Ousmane Dione as its new VP for the MENA region.In Dione’s most recent position as Country Director for Eritrea, Ethiopia, South Sudan,...

News
16 April 2024

SBM and TDB signs collaboration MoU

SBM Bank (Mauritius) and the Eastern and Southern African Trade and Development Bank Group (TDB) have signed a memorandum of understanding (MoU) to collaborate on joint...

News
16 April 2024

Atlante to expand electric vehicle charging infrastructure in Italy

Atlante has been granted funding for the third time from the EU's Alternative Fuels Infrastructure Facility (AFIF) financing program. The latest grant amounts to...

News
16 April 2024
in
Social projects

IFC supports SMEs in Georgia

IFC is increasing access to finance for SMEs in Georgia through a new $10 million loan agreement with Isbank Georgia.According to the World Bank's Enterprise Surveys...

News
16 April 2024
in
Climate finance, Renewable energy

EIB approves €4.3bn to support innovation, business, climate action in Europe

EIB has announced the approval of €4.3 billion in new financing to support various sectors including regional transport, energy distribution, business innovation,...

News
16 April 2024
in
Finance and other

Global ODA reaches record high, but developing regions see decline in aid

According to a United Nations report titled Aid under Pressure, global Official Development Assistance (ODA) reached a record high of $287 billion in 2022, marking a 22%...