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06 March 2018

EBRD adds India to membership

The European Bank for Reconstruction and Development (EBRD) has added India to its growing list of members. It represents the lender's latest move to harness...

06 March 2018

IFC bets billions on Kenya’s private firms

The International Finance Corporation (IFC) has invested Sh17.7 billion in two Kenyan companies in the first two months of the year. The World Bank's private sector...

06 March 2018
in
Waste and water

KfW finances Lake Nakuru wastewater scheme

German development bank KfW is financing a Sh3.5 billion programme on wastewater management for the preservation of biodiversity at Lake Nakuru in Kenya. The scheme will...

06 March 2018
in
Renewable energy

Scatec Solar closes financing for Mozambique's first large scale solar plant

The International Finance Corporation and the Emerging Africa Infrastructure Fund have agreed project debt financing with Scatec Solar, KLP Norfund Investments...

05 March 2018
in
Waste and water

ADB agrees $200m loan to improve wastewater management in China

The Asian Development Bank (ADB) has signed a loan equivalent of up to $200 million to help China Water Affairs Group Limited improve wastewater management in China. The...

05 March 2018

Stella Kilonzo appointed senior director at African Development Bank

Former Capital Markets Authority Chief Executive Stella Kilonzo has been appointed Senior Director, Africa Investment Forum at the African Development Bank. She has 17...

05 March 2018
in
Social infrastructure

JICA signs ¥9bn loan for Philippines Bulacan Phase 3 road project

The Philippines has raised a ¥9.399 billion ($87.8 million) 30-year (inclusive of 10-year grace period) loan from JICA to finance Phase 3 of the Arterial Road Bypass...

02 March 2018
in
Agriculture/food chain

ADB signs agri loan to boost exports of Armenia's Spayka

The Asian Development Bank (ADB) has signed a $32 million loan agreement with Spayka Limited Liability Company, a food producer and exporter in Armenia, to help the...

02 March 2018
in
Renewable energy

EBRD helps finance three solar plants in Ukraine

The EBRD has agreed financing of up to €25.9 million to Ukranian engineering, procurement and construction firm KNEES to support the development, construction and...

02 March 2018

FMO supports digital SME lending in Jordan and MENA

Dutch development bank FMO has financed Jordan-based liwwa, a start-up that offers finance to small and medium-sized enterprises through its digital lending marketplace....

02 March 2018

EDB provides a $20m loan facility to Alfa Bank for trade finance

The Eurasian Development Bank (EDB) and Alfa Bank signed an agreement to finance foreign trade transactions of Alfa Bank's clients. The EDB will provide $20 million...

01 March 2018
in
Renewable energy

Six prequalify for Madagascar Scaling Solar project

Six bidders have pre-qualified for Madagascar’s first Scaling Solar tender – a 25MWac solar photovoltaic/battery storage project located near Antananarivo....

01 March 2018

ADB backing TAP interconnection project

ADB is backing a framework agreement for the proposed Turkmenistan-Afghanistan-Pakistan (TAP) Power Interconnection Project that was signed last week. TAP will be phased...

01 March 2018
in
Renewable energy

First floating offshore wind financing nears close

Portugal's first floating offshore wind project, the €125 million ($152.4 million) 25MW Wind Atlantic farm, is expected to reach financial close in the...

01 March 2018
in
Renewable energy

FRV reaches financial close on Mexico solar project

ING Bank, Bancomext and KfW IPEX-Bank are providing $209 million of debt for a 300MW FRV-sponsored solar PV project in the Mexican state of San Luis Potosi. TSK...

01 March 2018

Afreximbank to raise $200m from share sale

Afreximbank is planning to raise up to $200 million via a share sale on the Nigeria Stock Exchange (NSE) to support lending and broaden its ownership base. The...

01 March 2018

Two senior appointments for CDC

UK development finance institution CDC has appointed former McKinsey partner Tenbite Ermias as its new Head of Africa with Chris Coles moving from Actis to...

01 March 2018
in
Social infrastructure

EIB supports Keflavik airport upgrade

Isavia, the state-owned company that operates all airports in Iceland, has raised a €100 million loan from the EIB to fund upgrades and expansion at Keflavik...

28 February 2018
in
Renewable energy

Kosava wind reaches financial close

MK Fintel Wind – a joint venture between MK Group (46%) and Fintel Energia Group (54%) – has reached financial close on the €117 million ($143 million)...

28 February 2018

EBRD financing rises to €9.7bn in 2017 but net profit drops

European Bank for Reconstruction and Development financing rose to €9.7 billion in 2017, from €9.4 billion in 2016. The number of individual EBRD projects in...