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24 February 2020
in
Social infrastructure

Work set to start on $841m Kenyan road project

Construction of the Isiolo-Mandera road in Kenya is set to commence soon after the Kenya National Highways Authority (KeNHA) released the building plans.The $841 million...

24 February 2020

DFC CEO Adam Boehler named Executive Chairman of Prosper Africa

US International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler has been selected to serve as Executive Chairman of Prosper Africa, a...

24 February 2020

IFC raises trade finance limits to support Vietnamese businesses amid coronavirus crisis

The International Finance Corporation has increased trade finance limits for Vietnamese banks to address, in advance, potential trade finance challenges triggered by the...

24 February 2020

IFC appoints Beatrice Maser as MENA regional director

The International Finance Corporation has appointed Beatrice Maser as its new director for the Middle East and North Africa region. She will be based in Cairo.Maser will...

24 February 2020
in
Renewable energy, Traditional energy

EIB funds Ruzizi III hydropower project preparatory works

The first Public Private Partnership project to generate renewable energy from shared resources in Africa came closer to reality following the signature of a key...

24 February 2020
in
Social infrastructure

Burundi secures €23.4m AfDB funds to develop port of Bujumbura

The African Development Bank has granted €23.4 million for the development of the port of Bujumbura in Burundi.Of the amount, €17.3 million will be provided by...

24 February 2020

World Bank finances $70m Bolivian urban resilience projects

The World Bank has approved two loans totaling $70 million to support the Bolivian cities of La Paz and Santa Cruz de la Sierra in their efforts to reduce vulnerabilities...

21 February 2020
in
Social infrastructure

AfDB sets aside $10bn for Nigeria transport infra push

The African Development Bank (AfDB) has set aside around $10 billion to finance the development of roads and other infrastructure in Nigeria. A Transport...

21 February 2020

Caribbean Development Bank backs Barbuda energy resilience project

The Caribbean Development Bank (CDB) has extended a £2.85 million loan ($3.6 million) to the Government of Antigua and Barbuda (GOAB) and the Antigua Public...

20 February 2020

ATI launches operations in Ghana

The African Trade Insurance Agency (ATI) has launched its operations in Ghana, with a shareholding valued at $17.6 million which was provided with the financial support...

20 February 2020

EIB agrees €60m financing for Media Square development in Brussels

The European Investment Bank is providing €60 million in financing to Belgium's RTBF for the Media Square development set to host the public-service broadcaster...

19 February 2020
in
Social infrastructure

Guinea, Africa50 and Group ADP sign Gbessia International Airport deal

The Government of Guinea, Africa50 and Aeroports de Paris (ADP) have signed a 25-year concession agreement to co-develop and finance the upgrade and expansion of Gbessia...

19 February 2020
in
Renewable energy

Cyprus offers state guarantee for 50MW CSP project

The minority government of Cyprus has managed to get agreement for the provision of a €60.2 million ($65 million) state guarantee for a 50MW concentrated solar power...

19 February 2020
in
Agriculture/food chain

$100m EBRD loan will boost Egyptian and Jordanian dairy sectors

The European Bank for Reconstruction and Development is lending up to $100 million to food and beverages producer Almarai for new investments in Egypt and Jordan. The...

19 February 2020

EIB Group and Commerzbank boost SME lending

The EIB Group has provided a mezzanine tranche guarantee of around €100 million to Germany's Commerzbank on a €1.5 billion granular portfolio of loans to...

18 February 2020

IsDB starts marketing dollar sukuk

Saudi Arabia’s Islamic Development Bank (IsDB) has began marketing five-year dollar sukuk, or Islamic bonds, at high-40s basis points over mid-swaps.The bank has...

18 February 2020
in
Renewable energy, Traditional energy

Shell signs for offtake from 100MW UK battery

Shell Energy Europe Limited (SEEL) has agreed a multi-year power offtake deal that enables the installation of the 100MW Minety power storage project in south-west...

18 February 2020

KfW helps finance Kigali green city project in Rwanda

German development bank KfW is providing €9.6 million to help finance the Kigali green city project in Rwanda.The project will be launched in Kinyinya, in the Gasabo...

18 February 2020
in
Renewable energy, Traditional energy

EIB, SocGen sign €240m French renewable projects deal

Societe Generale and the European Investment Bank (EIB) have signed an agreement combining risk sharing and funding participation of a total of €240 million...

18 February 2020
in
Renewable energy, Traditional energy

FMO joins Acumen’s Pioneer Energy Investment Initiative

Dutch development bank FMO has invested $2.8 million into Acumen’s Pioneer Energy Investment Initiative, surpassing its goal of raising $20 million to bridge the...