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03 November 2020

Sasfin first to benefit from EU-FMO emergency facility

South African Bank Sasfin is the first to benefit from the COVID-19 emergency facility set in place by the EU and FMO’s NASIRA fund. The transaction concerns a...

03 November 2020
in
Social infrastructure

Hungary 'blocked Budapest Airport from emergency EBRD COVID-19 Funds'

The Hungarian government blocked Budapest Airport from accessing emergency COVID-19 funding from the European Bank for Reconstruction and Development, according to two...

03 November 2020
in
Social infrastructure

IADB helps Belizean schools affected by COVID-19 closures

The Inter-American Development Bank has approved a modification to the Education Quality Improvement Program II loan to assist school communities to address  the...

03 November 2020
in
Renewable energy, Traditional energy

Doosan to build hydropower plant in Nepal

South Korea's Doosan Heavy Industries & Construction is to take part in the Upper Trishuli-1 Hydropower Project, in Nepal, by investing KRW400 billion ($353.4...

03 November 2020
in
Manufacturing, Traditional energy

ADB finances modernisation of Meghalaya power distribution network

The Asian Development Bank has approved a $132.8 million loan to improve power quality and upgrade the power distribution network in India’s northeastern state of...

03 November 2020
in
Manufacturing, Renewable energy, Traditional energy

EBRD helps finance Tauron Polska's green transition

The European Bank for Reconstruction and Development has invested PLN240 million (equivalent to €55.8 million) for 24% of a PLN1 billion local currency bond issued...

02 November 2020

Natural allies – but a changing alliance

Following a collaboration between FMO and The eco.business Fund, Uxolo spoke to impact asset manager Finance in Motion about the nuanced and ever evolving relationship...

02 November 2020
in
Renewable energy, Traditional energy

IFC issues EoIs for green bond advisers in Bangladesh

On 29 October, IFC issued a request for expressions of interest (EoIs) from consulting firms to assist Bangladesh’s central bank - Bangladesh Bank - to co-develop...

02 November 2020
in
Agriculture/food chain

EBRD finances expansion of Serbian soybean group Sojaprotein

The European Bank for Reconstruction and Development is strengthening Serbia’s agribusiness potential with a €25 million loan to Sojaprotein, a producer of...

02 November 2020

IDA supports establishment of the Development Bank of Ghana

The World Bank has approved $250 million from the International Development Association to support the establishment of the Development Bank of Ghana.The Ghana...

02 November 2020
in
Mining, Traditional energy

Demerara Bank clinches trade finance deal with IADB

Guyana-based Demerara Bank Limited has joined the Trade Finance Facilitation Programme of the Inter-American Development Bank.The lender will now have access to a $7...

02 November 2020
in
Social infrastructure

EIB finances Minoryx's orphan genetic diseases research

The European Investment Bank has approved €25 million financing for Spain's Minoryx Therapeutics, a Phase 3 clinical stage biotech company focused on the...

02 November 2020

TDB-financed Kinyinya Park Estate Project is approved in Rwanda

The development of the $400 million Kinyinya Park Estate Project in Kigali, Rwanda, has been approved by Shelter Afrique in partnership with the Rwanda Social Security...

02 November 2020

The OPEC Fund approves $135mfinancing for El Salvador, Mozambique and Pakistan

The OPEC Fund for International Development has approved public sector loans of $35 million and $50 million to support COVID-19 response efforts in El Salvador and...

02 November 2020

Argentina to join Asian Infrastructure Investment Bank

Argentina is to join the Asian Infrastructure Investment Bank.After the legislation is signed into law by President Alberto Fernández, which is expected shortly,...

30 October 2020

DBSA appoints new debt officer

The Development Bank of Southern Africa has appointed Ernest Dietrich as its Debt Officer.Dietrich is a member of the bank’s Executive Committee as Group Executive...

30 October 2020
in
Renewable energy

DEG invests in Indian solar group Avaada

Germany's DEG has pledged $10 million in funding to Indian solar energy company Avaada Energy Private Limited.The funding will be applied for the construction,...

30 October 2020

NIB co-finances UPM’s €550m biorefinery in Germany

The Nordic Investment Bank and Finnish forest industry company UPM-Kymmene Oyj have signed a ten-year loan agreement for €200 million. The loan co-finances...

30 October 2020
in
Renewable energy, Traditional energy

EIB invests €75m in the INFRAGREEN IV fund

The European Investment Bank has invested €75 million in the INFRAGREEN IV fund by French management company RGREEN INVEST. It brings the fund's size to...

30 October 2020
in
Social infrastructure

Ukrainian road PPP pre-feasibility study underway

The World Bank and the IFC are completing pre-feasibility studies for six road projects in Ukraine, with the prospective projects potentially being brought to the markets...