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News
13 March 2024
in
Waste and water

Maharashtra govt seeks funding for irrigation projects

The Maharashtra government is set to request a INR150 billion ($1.8 billion) loan from National Bank for Agriculture and Rural Development (NABARD) to facilitate the...

News
13 March 2024

Georgian female entrepreneurs supported by EBRD funds

Women-led MSMEs in Georgia are to benefit from fresh funds, thanks to a loan by the EBRD supported by the EU and Sweden.A credit line of €8 million to ProCredit Bank...

News
13 March 2024
in
Social projects

Gambia education, employment boosted by World Bank funding

The World Bank has approved a $92.71 million financing for The Gambia Resilience, Inclusion, Skills, and Equity Project.The financing includes $80.45 million from the IDA...

News
12 March 2024
in
Renewable energy, Traditional energy

Banks mandated for Eastern Cape wind farms

DBSA has been appointed to act as a co-MLA alongside Absa and Nedbank to provide debt funding and black economic empowerment equity funding for three large-scale wind...

News
12 March 2024
in
Renewable energy, Traditional energy

Konexa closes private renewable electricity trading platform funding

Konexa, a UK-based integrated energy development and investment platform, has achieved financial close on a combined $18 million investment from Climate Fund Managers and...

News
12 March 2024
in
Mining

AfDB chief criticises loans tied to Africa's natural resources

The head of the African Development Bank is calling for an end to loans given in exchange for the continent's rich supplies of oil or critical minerals used in...

News
12 March 2024
in
Finance and other

DFIs join forces to support ARF IV fund

Norfund, in collaboration with IFC, Swedfund, BII, FMO, and SIFEM, has committed $15 million to XSML Capital's African Rivers Fund IV (ARF IV), marking a significant...

News
12 March 2024
in
Waste and water

NIB supports Valmet's R&D initiatives

NIB has signed a €125 million ($135.6 million) eight-year loan with Finland-based Valmet Oyj.This loan is earmarked to finance Valmet's R&D investmentsfrom...

News
12 March 2024
in
Social projects

IFC supports small businesses in Sierra Leone

IFC has signed a local currency loan to ACTB Savings and Loans to increase access to finance for micro and small businesses in underserved communities in Sierra...

News
12 March 2024

MIGA official warns of credit guarantee market fragmentation risks

A World Bank group official has warned that the market for providing credit guarantees could become fragmented as a flood of new multilateral lenders starts offering...

News
12 March 2024
in
Finance and other

Ecobank secures $250m bridge-to-bond loan facility

Ecobank Transnational Incorporated has inked a $250 million senior unsecured bridge-to-bond loan facility. The transaction was facilitated by Afreximbank and AFC, acting...

News
12 March 2024
in
Social projects

FMO invests in ALIVE Growth Fund II

FMO is supporting the ALIVE Early Growth Fund II with a $10 million investment from Dutch government fund Building Prospects.The fund will pursue growth capital...

News
12 March 2024
in
Social infrastructure

JICA grants aid for road improvement project in Zimbabwe

JICA has signed a grant agreement with Zimbabwe, providing grant aid of up to JPY2.389 billion ($16.1 million) for the phase 2 of road improvement of the North-South...

News
12 March 2024
in
Social projects

EDB partners with KLAIM on healthcare providers' working capital

Emirates Development Bank is partnering with KLAIM, a UAE-based healthcare-focused fintech company, to provide low-risk, short-term working capital solutions to support...

News
12 March 2024

Burundi SMEs boosted by IFC-BCB partnership

IFC and Banque de Credit de Bujumbura are partnering to boost trade and growth by expanding access to financing for thousands of MSMEs in Burundi, including informal...

News
11 March 2024

Blue Earth closes first sustainability-linked loan

Blue Earth Capital has completed a $30 million direct credit investment into Singapore-headquartered Q Collection, an apparel manufacturer with its manufacturing...

News
11 March 2024
in
Finance and other

JBIC partners with CAF on green projects in Latin America

JBIC is partnering with CAF on a $100 million credit line to support environment-related projects in Latin America and the Caribbean. Out of the total, JBIC will...

News
11 March 2024

EIB and Banca Ifis agree €300m innovative investment deal

EIB and Banca Ifis have signed an agreement to provide €300 million ($328 million) in new finance to support 4.0 innovative investments by SMEs and mid-caps.In...

News
11 March 2024

IDB Group unveils details of "transformative" changes

IDB and IDB Invest's boards of governors have agreed changes to increase the impact and scale of the group's development work in Latin America and the...

News
11 March 2024
in
Climate finance

World Bank to improve resilient infrastructure and services in Costa Rica

The World Bank has approved a new project to enhance disaster and climate-resilient infrastructure and services in Costa Rica. Recent disasters, such as Hurricane...