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27 February 2020

Czerwinska appointed EIB VP

Teresa Czerwinska has been appointed vice-president and member of the Management Committee of the EIB. She will begin her new role on 1 March. Czerwinska was has been a...

27 February 2020
in
Social infrastructure

EIB, EU agree €204m loan for Bosnia and Herzegovina road project

The European Investment Bank and the European Union have agreed financing worth €204 million to develop a modern highway network along the Bosnian section of the...

27 February 2020
in
Social infrastructure

Gambia seals Saudi financing for Banjul airport project

Gambia is set to receive $12 million from the Saudi Fund for Development (SFD) to upgrade and modernize the Banjul International Airport to meet the required standard in...

27 February 2020

AfDB approves $122m framework to clear Somalia’s arrears

The African Development Bank and African Development Fund have approved a framework for $122.55 million to clear Somalia’s arrears, paving the way for the bank to...

26 February 2020
in
Renewable energy

EIB agrees €60m loan for Pomerania Wind Farm in Poland

The EIB has agreed a €60 million 15-year loan for state-owned Ignitis Group to part finance the €127 million 94MW Pomerania Wind project in Poland....

26 February 2020
in
Renewable energy, Traditional energy

VEB helps finance 4 WTE plants in Moscow

VEB, Russia's national development corporation, RT-Invest, and the Swiss-Japanese consortium Hitachi Zosen Inova have signed a $1.7 billion agreement to build four...

26 February 2020

CDC appoints Amal-Lee Amin as Climate Change Director

CDC Group, the UK’s publicly owned impact investor, has appointed Amal-Lee Amin as Climate Change Director. The move comes ahead of the company’s new...

26 February 2020

Mainstream tests bank appetite for Huemul renewable scheme

Mainstream Renewable Power is testing bank appetite for an approximately $500 million-$600 million loan to finance development of the Huemul renewable scheme in...

26 February 2020
in
Waste and water

KfW lends $30m to finance Tunisian canal project

German development bank KfW has granted Tunisia a loan of € 27.5 million ($29.9 million) to finish the Medjerda-Cap Bon Canal modernization project.The project,...

26 February 2020
in
Renewable energy

World Bank finances $150m Kenyan solar electrification programme

The World Bank is financing a $150 million project solar electrification programme in Kenya. Kenya hopes the project will connect 250,000 households in 14 counties...

26 February 2020

AfDB and Botswana Development Corporation sign $80m LoC

The African Development Bank and the Botswana Development Corporation (BDC) have signed a letter of credit totaling $80 million to help scale up key investments in the...

26 February 2020

Ireland a step closer to joining African Development Bank

Ireland moved a step closer to becoming a member of the African Development Bank Group after a government delegation deposited ratification instruments during an official...

25 February 2020
in
Renewable energy, Traditional energy

World Bank mulls $700m loan for Dasu Hydropower Project

The World Bank is considering the government of Pakistan's request for a $700 million loan to finance the expansion of electricity supply from Dasu Hydropower...

25 February 2020
in
Social infrastructure

EU to help finance €34m Tulcea port project

EU funds will finance 75% of a €34 million project to rehabilitate and modernise the port and the riverfront in Tulcea, the main local entry point to the region of...

25 February 2020
in
Social infrastructure

Sri Lanka unveils new ADB-funded port plan at Colombo

The Sri Lanka Ports Authority has signed a deal with AECOM Infrastructure and Environment UK to conduct a feasibility study into the development of the Colombo North Port...

25 February 2020
in
Mining

Almonty gets ECA cover for Sangdong mine financing

Preliminary ECA cover for Toronto-based tungsten group Almonty Industries' Sangdong mining project in South Korea has been issued by OeKB. The Austrian ECA is...

25 February 2020

€47m NIB loan finances Lidl’s green buildings in Sweden

The Nordic Investment and Lidl Sverige have signed an SEK500 million (€47 million) to finance the construction new BREEAM Excellent certified stores, headquarters...

25 February 2020

ADB raises $118m through INR-linked ten-year bonds

The Asian Development Bank has raised INR8.5 billion ($118 million) from a new issue of offshore Indian rupee-linked ten-year bonds. It represents ADB’s first...

25 February 2020

IsDB raises $2bn with largest ever Sukuk

The Islamic Development Bank (IsDB) has priced its largest ever Sukuk issuance, raising $2 billion in five-year Trust Certificates under its $25 billion Trust Certificate...

25 February 2020

NIB finances Wärtsilä’s power supply R&D programme

The Nordic Investment Bank and Wartsila Corporation have signed a €75 million loan agreement to finance the company’s research and development activities...