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News
24 May 2018

Verde Agritech hails major funding milestone with BNDES loan

Verde Agritech has sealed a debt financing deal for R$1.04 million with the Brazilian development bank BNDES to build a facility to produce its Super Greensand fertiliser...

News
24 May 2018

CDC, Standard Chartered agree $100m facility to Zimbabwe firms

CDC Group, the UK's development finance institution, and Standard Chartered have announced an investment facility that will lend up to $100 million to growing...

News
24 May 2018

JBIC and DBJ announce new presidents

Japan Bank for International Cooperation Vice President Tadashi Maeda has been promoted to the post of president. He will take charge of the lender after a general...

News
23 May 2018

Igor Shuvalov chosen to head Russia's VEB

Former Russian first deputy prime minister Igor Shuvalov has been selected to head state development bank VEB, sources said. Shuvalov will replace Sergei Gorkov, who has...

News
23 May 2018
in
Renewable energy

IFC to support PPP investment in Uzbekistan renewable energy

The International Finance Corporation has agreed to support Uzbekistan in the development of renewable energy through public-private partnership. The lender will...

News
23 May 2018

EBRD agrees $200m loan to upgrade Egypt's Suez refinery

The European Bank for Reconstruction and Development is providing a $200 million loan for major investments in energy efficiency and refurbishment of an oil refinery...

News
23 May 2018

AfDB and Korea launch Korea-Africa Energy Investment Facility

The Korean government and the African Development Bank (AfDB) have agreed to launch the Korea-Africa Energy Investment Facility (KEIF) to support the New Deal on Energy...

News
23 May 2018

Nepal to set up first Infrastructure Development Bank

Nepal is to set up its first Infrastructure Development Bank to support the country's mega infrastructure projects. It will officially begin operations within the...

News
23 May 2018

BSTDB and Ameriabank support SME lending in Armenia

The Black Sea Trade and Development Bank (BSTDB) and Yerevan-headquartered Ameriabank have signed a $15 million, five-year loan agreement to boost Armenian small and...

News
23 May 2018

Development Bank of Ethiopia President Nana resigns

Getahun Nana, president of the Development Bank of Ethiopia, has resigned. He has been at the lender for the past two years, moving from his former post as vice governor...

News
22 May 2018

AfDB and and UN link up to boost Africa cooperation

The African Development Bank (AfDB) and the UN Industrial Development Organisation (UNIDO) have signed a memorandum of understanding to step up collaboration to boost...

News
22 May 2018

NDB plans to launch Americas Regional Office in Brazil

The New Development Bank - consisting of Brazil, Russia, India, China and South Africa - is planning to launch its Americas regional office in Brazil this year. The...

News
22 May 2018

NIB and SpareBank 1 Nord-Norge sign second loan facility

The Nordic Investment Bank and Norway's SpareBank 1 Nord-Norge have launched a new €104 million loan facility for small and medium-sized enterprises and...

News
22 May 2018

US Supreme Court takes up dispute over IFC-financed power plant in India

The US Supreme Court has agreed to consider reviving a lawsuit by Indian villagers seeking to hold the International Finance Corporation responsible for widespread...

News
22 May 2018
in
Social infrastructure

Uganda issues EOI for Kampala-Jinja road PPP

The Uganda National Roads Authority has issued a request for qualifications for groups interested in the design, build, finance, operation and transfer of the...

News
22 May 2018
in
Social infrastructure

Kuwait Fund joins Modoghashe-Wajir Road project lenders

Kuwait Fund for Arab Economic Development and the Republic of Kenya have signed a KD7 million ($23.8 million) 25-year loan for the Modoghashe-Wajir Road project in...

News
22 May 2018
in
Renewable energy

Cerro Dominador signs Chilean CSP financing

Cerro Dominador, a Chilean renewables developer owned by investment funds managed by EIG Global Energy Partners, has signed a $758 million financing for its 210MW...

News
22 May 2018

New EBRD financing for Bulgarian exporter Biomashinostroene

The EBRD is providing a €4.5 million loan to Biomashinostroene, a Bulgarian manufacturer and exporter of steel equipment for the food-processing, pharmaceutical and...

News
21 May 2018

Trump takes aim at Chinese development loans

China’s secretive lending practices in developing nations are drawing increased objections from the Trump administration, the World Bank and the IMF, who want...

News
21 May 2018

Will the CFTA boost intra-African trade finance?

Forty-four African countries signed the long-awaited African Continental Free Trade Area (CFTA) earlier this year. The bloc is expected to boost intra-African trade...