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22 March 2018

EBRD extends support to SMEs in Georgia, Moldova and Ukraine

The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) has agreed to put up €1.15 billlon ($1.42 billion) to support SMEs in...

22 March 2018

African trade deal to boost region’s credit profile, says Moody’s

A crucial free-trade treaty is expected to be signed at the African Union Summit in Kigali this week, with Moody’s expecting the deal to improve the credit profile...

22 March 2018

NIB and SG Finans launch new SME leasing facility

Nordic Investment Bank (NIB) and SG Finans are launching a €150 million ($187.4 million) loan for financing equipment leasing to small and medium-sized...

22 March 2018
in
Renewable energy

ATI and EIB roll out $1bn renewables facility

The European Investment Bank (EIB) and African Trade Insurance agency (ATI) today launched a $1 billion facility to fiannce renewables projects in sub-Saharan Africa. The...

22 March 2018
in
Social infrastructure

ADB extends $120m loan to India for rail developments

The Asian Development Bank (ADB) has agreed to extent a $120 million loan to the Indian government to finance the development of railway upgrades.

22 March 2018
in
IT and telecoms

NIB lends to broadband project in Norway

Nordic Investment Bank (NIB) has signed a NOK600 million ($77.6 million) 15-year loan with Eidsiva Energi to fund roll-out of optical fibre broadband networks in an area...

21 March 2018
in
Social infrastructure

AfDB agrees $93.1m financing for Rwandan road improvement project

African Development Bank (AfDB) has agreed $93.1 million of financing for the rehabilitation and widening of the Kagitumba-Kayonza-Rusumo road works in the Eastern...

21 March 2018
in
Renewable energy

Africa Energy Guarantee Facility to unlock $1.4bn clean energy investment in Africa

A new investment insurance initiative - the Africa Energy Guarantee Facility - by Munich Re, the African Trade Insurance Agency, and the European Investment Bank will...

20 March 2018
in
Renewable energy

Apodi Solar L/C signed

A club of banks have provided a BRL477.4 million ($144.8 million) four-year letter of credit as a guarantee to backstop a loan from Banco do Nordeste (BNB) to the 235MW...

20 March 2018

Why the new US DFI deserves the development community's support

The proposed new US development finance institution included in President Donald Trump's FY2019 budget is potentially game-changing for the country's development...

20 March 2018

AfDB approves $30m loan to Rwanda Innovation Fund

The African Development Bank has approved a loan of $30 million to support the establishment of Rwanda Innovation Fund. The main objective of the project is to promote...

19 March 2018
in
Renewable energy, Traditional energy

Entek Elektrik hydro debt priced to appeal

Signed last week, the long term acquisition facility backing Entek Elektrik’s TRY1.28 billion ($320 million) successful bid in the privatisation of...

19 March 2018
in
Renewable energy

JICA agrees $380m loan to upgrade Kenyan geothermal power plants

The Japan International Cooperation Agency (JICA) is financing a $380 million project to upgrade three Olkaria geothermal power plants in Naivasha, Kenya, with new...

19 March 2018

Raza Hasnani lands new role at Africa50 Project Finance

Pan-African infrastructure investment platformAfrica50 - capitalised by the African Development Bank, 25 African countries, and two central banks on the continent - has...

19 March 2018

IsDB issues $1.25bn sukuk

The Islamic Development Bank (IsDB) has successfully priced a $1.25 billion, five-year Sukuk under its $25 billion Trust Certificate Issuance Programme. The Sukuk was...

19 March 2018

IFC and Victory Park Capital to invest in fintech groups in emerging markets

Chicago-based alternative investment firm Victory Park Capital (VPC) and the International Finance Corporation have launched a new fund that will invest in fintech...

19 March 2018
in
Social infrastructure

World Bank agrees to finance bus service overhaul in Lebanon

The World Bank has approved a $295 million package to overhaul the transport sector in Lebanon. The project will enable the purchase of 120 buses to service 40km of Bus...

19 March 2018

EBRD, IFC, EIB commit $425m to fund for green bonds in emerging markets

The European Bank for Reconstruction and Development, the International Finance Corporation, and the European Investment Bank have made a landmark investment in the...

19 March 2018
in
IT and telecoms

IFC invests $46m in Phoenix to boost telecommunications coverage in Brazil

The International Finance Corporation has provided a $46 million-equivalent eight-year debt financing in Brazilian local currency to wireless infrastructure operator...

16 March 2018
in
Social infrastructure

Canakkale Bridge PPP ECA-backed facility signed

Canakkale Otoyol ve Koprusu Insaat Yatırım ve Isletme – a consortium comprising Daelim, SK Engineering, Limak and Yapi Merkezi – has raised €2.265...