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24 February 2022

EIB and Banco Montepio Group to support Portuguese companies with €414m

The EIB and Banco Montepio Group have signed a new guarantee agreement aimed at supporting Portuguese SMEs, mid-caps, and large corporates.EIB will provide a €116.35...

24 February 2022

World Bank debars AIM Consultants and its MD

The World Bank has announced the 52-month sanction of Nigeria-based AIM Consultants and its Managing Director, Engr. Amin Moussalli, in connection with corrupt practices...

23 February 2022

Biotech group Priothera signs €17.5m EIB loan

Dublin-headquartered Priothera, a late-clinical stage biotechnology company pioneering the development of its S1P receptor modulator drug mocravimod, has signed a...

23 February 2022

Uzbekistan SMEs to benefit from $15m ITFC facility

The International Islamic Trade Finance Corporation (ITFC) has signed a trade finance agreement with Aloqabank, Uzbekistan. The $15 million facility is the first...

23 February 2022

European Circular Bioeconomy Fund raises €300m

The European Circular Bioeconomy Fund raised around €300 million (about $340.6 million) to finance growth companies in the bioeconomy and biobased circular economy -...

23 February 2022

ADB issues second gender bond in Kazakhstan

The ADB has raised KZT14 billion (about $32 million) from its second gender bond issue in Kazakhstan. The bond pays an 11% semi-annual coupon and features a nine-year...

23 February 2022

IADB agrees $85m package of investment loans for Suriname

The IADB has approved an $85 million package of investment loans to support Suriname’s efforts to address pandemic-era macroeconomic challenges. This package...

23 February 2022
in
Renewable energy

IFC to support 600MW solar park in Uttar Pradesh

The IFC will support the development of a 600MW solar park development site in Uttar Pradesh on a public-private partnership basis.The solar-ready site is one of two...

22 February 2022

Actis seals $1.2bn impact-linked financing for energy fund

London-headquartered investor Actis has secured an impact-linked revolving subscription credit facility for its latest energy fund. The fund, Actis Energy 5, recently...

22 February 2022
in
Agriculture/food chain

European DFIs sell debt in DRC palm oil plantations

Four development finance institutions - BIO of Belgium, CDC of the UK, DEG of Germany and FMO from the Netherlands - have vowed to cease to be lenders to PHC, the...

22 February 2022
in
Renewable energy

EIB and Solas Capital join forces on sustainable energy fund

The Solas Sustainable Energy Fund ICAV, a new EU-focused fund targeting energy efficiency investments, has reached its first close with €140 million (about $158.8...

22 February 2022
in
Social infrastructure

ADB signs $274m loan for Uzbekistan road improvement project

The ADB has approved a $273.85 million loan to reconstruct and upgrade national roads in Uzbekistan that are vital to regional connectivity.The project will upgrade about...

22 February 2022

ITFC signs $1.2bn Annual Plan for 2022 with Pakistan

The International Islamic Trade Finance Corporation has signed the Annual Plan for 2022 with Pakistan to provide integrated trade solutions to support the energy and...

22 February 2022

BOAD receives support for capital increase

The West African Development Bank (BOAD) has concluded the first stage of its capital increase for more than half of its $1.5 billion objective.BOAD’s Board of...

22 February 2022

IADB agrees Blue Economy loan to The Bahamas

The Bahamas will advance in creating a social and inclusive blue economy with a $200 million policy-based guarantee approved by the IADB.This operation will finance a...

21 February 2022

Slate unveils impact investment strategy focused on infrastructure

Slate Asset Management has launched an impact investment strategy focused on infrastructure. The global alternative investment platform appointed Christian Schmid as...

21 February 2022

CDC agrees $100m credit facility with First Bank of Nigeria

CDC has announced a $100 million finance facility to First Bank of Nigeria, which will direct funding to women-owned and led businesses as well as to local SMEs in the...

21 February 2022

DFIs partner to create Alliance for Green Infrastructure in Africa

The AfDB Group and Africa50, in partnership with the African Union Commission and the African Union Development Agency, are exploring collaboration with global partners...

21 February 2022
in
Renewable energy, Traditional energy

AfDB approves LEAF program to promote investment in decentralized renewable energy

The AfDB group has approved the Leveraging Energy Access Finance Framework (LEAF), under which the bank will commit up to $164 million to promote decentralized renewable...

21 February 2022
in
Waste and water

World Bank signs $115m project to strengthen watershed management in India

The Indian government, the State Governments of Karnataka and Odisha and the World Bank have signed a $115 million Program that will help national and state institutions...