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News
04 July 2018
in
Traditional energy

EBRD approves €500m loan for Trans-Adriatic Pipeline project

The European Bank for Reconstruction and Development has approved a loan of up to €500 million for the Trans-Adriatic Pipeline (TAP) gas project. The €4.5...

News
04 July 2018
in
Traditional energy

CDB to invest $250m to boost Venezuela oil production

China Development Bank (CDB) will invest more than $250 million to boost oil production by state-owned Petróleos de Venezuela, S.A (PDVSA) in the Orinoco...

News
04 July 2018
in
Waste and water

AIIB approves $250m loan for Indonesian irrigation project

Asian Infrastructure Investment Bank (AIIB) has approved a $250 million loan to improve irrigation services and management accountability in Indonesia. The project...

News
04 July 2018

Philippines, ADB sign $7.1bn lending pipeline MoU

The Asian Development Bank, along with the Philippines' National Economic and Development Authority and Department of Finance, have signed a memorandum of...

News
03 July 2018
in
Traditional energy

Southern Gas Corridor signs MIGA-backed $750m loan

Azerbaijan's Southern Gas Corridor CJSC has signed a $750 million ($500 million tranche A and €215 million tranche B) 15-year syndicated loan with 95% MIGA...

News
03 July 2018

Africa Finance Corporation: Samaila Zubairu appointed President, CEO

Africa Finance Corporation has appointed Samaila Zubairu as its third president and chief executive officer, succeeding Andrew Alli who comes to the end of his...

News
03 July 2018
in
Renewable energy

Atlas finances two Uruguayan solar projects with private placement

Atlas Renewable Energy (Atlas) has closed the long-term financing of its El Naranjal and Del Litoral solar projects in Salto, northern Uruguay. A private placement,...

News
03 July 2018
in
Social infrastructure

NIB finances expansion of Sweden's Ystad port

Nordic Investment Bank is providing the municipality of Ystad with a €48 million 25-year loan to finance the expansion of the city port, one of the largest...

News
03 July 2018

EBRD agrees $95m loan to Turkey's Aksa Akrilik

The European Bank for Reconstruction and Development has arranged a long-term, multi-currency financing package worth almost $95 million for the Turkish acrylic producer...

News
03 July 2018

World Bank: Ferid Belhaj is new VP for MENA

The World Bank has appointed Ferid Belhaj as its new vice president for the Middle East and North Africa region. He was previously chief of staff of the World...

News
03 July 2018
in
Social infrastructure

JICA agrees $1.7bn Colombo Light Rail Transit project loan

JICA is to provide a $1.7 billion soft loan - a 40-year facility inclusive of 12-year grace period that is priced at 0.1% - to fund construction of...

News
03 July 2018
in
Traditional energy

World Bank, AFD agree loans for East Africa power pool project

Tanzania has received $465 million from the World Bank for its power interconnector project with Zambia, while Kenya signed a $179 million loan with French development...

News
03 July 2018
in
Social infrastructure

ADB finances Mongolian road project to boost trade

The Asian Development Bank has approved a $60 million loan to help improve and rehabilitate 311km of road corridors in Mongolia, which will help facilitate economic...

News
02 July 2018

Argentina's Genneia closes financing for 78MW of wind projects

Argentine thermal and renewable energy group Genneia has closed a $131 million (€113 million) project financing for two wind projects with a combined capacity of...

News
02 July 2018
in
Renewable energy, Traditional energy

ADB, JICA, EIB finance $506m Nepal hydropower project

The Asian Development Bank (ADB), Japan International Cooperation Agency (JICA), and European Investment Bank (EIB) are financing the Tanahu Hydropower Project in Nepal....

News
02 July 2018

Lenders bullish despite warning on capacity constraints in Africa

Global and African financial heads identified country risk as the biggest challenge to their ability to lend more to African countries. The abundance of current...

News
02 July 2018

China Development Bank to issue $5.29bn bonds

China Development Bank is expected to issue 35 billion yuan ($5.29 billion) financial bonds to global investors on July 3 under 'bond connect' scheme. The date of...

News
02 July 2018

Turk Eximbank secures MIGA-backed $550m

Turk Eximbank has raised a $550 million-equivalent 10-year MIGA-covered loan from Standard Chartered Bank, BNP Paribas, ING Bank, Societe Generale,...

News
29 June 2018

OPIC, Department of Energy unveil LatAm energy group partnership

The Overseas Private Investment Corporation (OPIC) and the US Department of Energy have announced their Partnership to Power the Americas - a joint commitment to...

News
29 June 2018

FMO agrees loan to finance SMEs in Tanzania

Dutch development bank FMO has agreed a TZS 75 billion loan senior unsecured loan to Exim Bank Tanzania to finance and support long-term lending to small and medium-sized...