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News
18 July 2018

EBRD agrees gas supply loan to SDX Energy Morocco

The European Bank for Reconstruction and Development has agreed a €10 million loan to SDX Energy Morocco. The funds will finance the enhancement of upstream gas...

News
18 July 2018

MIGA guarantee boosts Banco Santander's financing capacity in Peru

The Multilateral Investment Guarantee Agancy has issued a guarantee of up to $246.6 million covering Banco Santander Peru's mandatory reserves with the Central Bank...

News
18 July 2018

CAF agrees $785m project loans to five countries

The Development Bank of Latin America (CAF) has approved seven loans worth $785 million for five countries, Argentina, Brazil, Colombia, Ecuador and...

News
18 July 2018
in
Agriculture/food chain

MIGA finalizes support for raisin production in Afghanistan

The Multilateral Investment Guarantee Agancy has issued a guarantee of $5.2 million covering war and civil disturbance risks for equity investments by Messrs Mase and...

News
18 July 2018

BSTDB appoints Hasan Demirhan as VP Banking

The Black Sea Trade and Development Bank (BSTDB) has appointed Hasan Demirhan as its Vice President Banking for four years. He replaces Igor Leshukov, who has been in...

News
18 July 2018
in
Social infrastructure

DBSA agrees to finance Kenyan road project

The Development Bank of Southern Africa (DBSA) has agreed financing worth almost $615 million for a highway project in Kenya to connect Lamu with Isiolu. The highway...

News
17 July 2018

EBRD: Francis Malige is new MD, Financial Institutions

The European Bank for Reconstruction and Development has appointed Francis Malige as Managing Director, Financial Institutions. He will assume his new duties in August,...

News
17 July 2018

EBRD, NIB among banks in talks over $1.7bn Cairo Metro project

Egypt is in talks with a number of banks, including the European Bank for Reconstruction and Development, French Development Agency, and the European Investment Bank, to...

News
17 July 2018

Maldives to receive $40m OPEC loan

The Maldives is to get a MVR 616.8 million ($40 million) concessional loan from the OPEC Fund for International Development (OFID). The loan will be used for harbour...

News
17 July 2018

Bank of Ghana annuls acquisition of ADB shares

The Bank of Ghana has annulled the acquisition of shares of the Agricultural Development Bank held by Belstar Capital, Starmount Development company, SIC Financial...

News
17 July 2018

African Trade Insurance Agency to pay first dividends

The African Trade Insurance Agency has approved the first ever payments to shareholders. ATI has earmarked an initial $2.5 million in payments to its shareholders...

News
17 July 2018
in
Renewable energy

Acciona and Tuto Energy seal financing for Mexico solar plant

Acciona and Tuto Energy, owners of the 404MW Puerto Libertad photovoltaic complex in Sonora, Mexico, have signed a $264 million 18-year financing for the project. North...

News
16 July 2018

CDB, Chexim discuss landmark deal with international lenders

The China Development Bank (CDB) and the Export-Import Bank of China (Chexim) are in talks with other international lenders over cooperation on overseas projects after a...

News
16 July 2018

Russia may borrow $1bn from New Development Bank

Russia is in talks with the New Development Bank - set up by Brazil, Russia, India, China and South Africa - on raising four loans worth more than $1...

News
16 July 2018
in
Agriculture/food chain

IFC and VPBank agree $50m commodity financing deal

The International Finance Corporation, in partnership with Vietnam Prosperity Commercial Joint Stock Bank (VPBank), is extending a commodity financing facility of up to...

News
16 July 2018

NIB issues $1bn five-year global benchmark

Nordic Investment Bank has priced a new five-year global $1 billion benchmark issue. The transaction is NIB's second USD benchmark in 2018. The issue has a final...

News
16 July 2018

IFC issues first sterling green bond, raising £350m

The International Finance Corporation has issued its first sterling green bond, raising £350 million to fight climate change. It represents IFC's first...

News
16 July 2018

AfDB, Afreximbank sign factoring project deal to support SMEs

The African Development Bank (AfDB), through its Trade Finance operations, has signed a Grant Agreement with African Export-Import Bank (Afreximbank) to support the...

News
13 July 2018
in
Traditional energy

NEXI backs loan for Turkmenistan gas power plant

Nippon Export and Investment Insurance is providing loan insurance to support commercial bank loans for a natural gas power plant to be built in Lebap province,...

News
12 July 2018
in
Renewable energy

World Bank approves renewable energy project in Solomon Island

The World Bank has approved the Electricity Access and Renewable Energy Expansion Project in the Solomon Islands, which includes new or improved electricity services,...