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22 January 2020

MSMEDA and World Bank agree Egyptian SME findung package

The Micro, Small and Medium Enterprise Development Agency (MSMEDA) has signed a $200 million agreement with the World Bank to invest in SMEs in Egypt through...

22 January 2020
in
Agriculture/food chain

EBRD provides $100m to back Louis Dreyfus operations

The EBRD is to provide a $100 million facility to back the expansion of Louis Dreyfus in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Turkey and Ukraine....

22 January 2020
in
Renewable energy

Agadez hybrid solar scheme gets go-ahead

Sterling and Wilson, SNS and Vergnet have been given the go-ahead to build a 19MW hybrid solar power plant in Agadez, Niger. The project includes the rehabilitation of...

22 January 2020

JP Morgan Development Finance Institution launched

JP Morgan has announced the creation of the JP Morgan Development Finance Institution, a DFI designed to expand the bank's development-oriented funding activities in...

21 January 2020

IFC and Santander sign $300m climate, SME finance facility

The International Finance Corporation and Santander have signed a $300 million unfunded risk-sharing facility to support the increase of access to climate finance and the...

21 January 2020
in
Renewable energy

CDC agrees $10m debt deal with Mettle Solar Investments

The UK's CDC Group has agreed a $10 million debt deal with Mettle Solar Investments, which operates across Sub-Saharan Africa. The new tranche of financing...

21 January 2020

EC and EIB unveil €200m financing for EU space sector

The European Commission and European Investment Bank Group have announced €200 million of investments into the EU space sector, including a €100 million loan...

21 January 2020
in
Renewable energy

Puebla solar IPP to close financing in Q2

Sponsors of the 250MW Puebla solar IPP project in Mexico – Alten Energias Renovables and Sojitz – are expected to reach financial close on a $150 million...

21 January 2020
in
Renewable energy

KfW to finance Bangladesh canal-top PV study

German development bank KfW will fund and provide technical support for a study into Bangladesh’s canal-top solar potential.A pilot project will be set up on one or...

21 January 2020

CDC unveils further $100m trade finance deal with Absa

CDC Group, the UK’s impact investor for Africa and South Asia, has announced a $100 million trade finance loan with Absa Bank.The investment will enable trade...

21 January 2020
in
Renewable energy

Genniea draws down Necochea wind farm debt

On 15 January, Genniea met conditions precedent on a $51 million DFI/ECA-backed loan to fund development of the 38MW Vientos de Necochea wind project in the Buenos Aires...

21 January 2020

Rania Al-Mashat appointed Egypt’s governor at World Bank, AIIB, EBRD

Egypt’s Minister of International Cooperation Rania Al-Mashat has been appointed the country's governor at the World Bank and several other economic...

20 January 2020

EIB and BBVA provide €600m to support Spanish SMEs

The European Investment Bank (EIB) and Spain's BBVA are joining forces to provide financing on favourable terms for SMEs and mid-caps in the country.EU bank...

20 January 2020
in
Renewable energy, Traditional energy

Nepal-China sign deal to build 762MW hydro project

The Investment Board Nepal (IBN) and Power Construction Corporation of China (Power China) have signed an agreement to construct the 762MW Tamor Storage Hydroelectricity...

20 January 2020
in
Renewable energy, Traditional energy

Empower signs PPA for Rwandan run-of-river project

Impact fund manager Empower New Energy has signed a PPA for the 1.9MW Rucanzogera run-of-river hydropower plant in eastern Rwanda with the state-owned Rwanda Energy...

20 January 2020

DFC aims to catalyze $1bn in private sector investment in Guatemala

The US International Development Finance Corporation (DFC) has signed a memorandum of understanding aiming to catalyze private sector investment of up to $1 billion over...

17 January 2020

EBRD: Andre Küüsvek is new MD for Central Asia

Andre Küüsvek has been appointed as European Bank for Reconstruction and Development Managing Director for Central Asia. He succeds Bruno Balvanera.He will be...

17 January 2020

Kenya in talks with World Bank for loan of up to $1 bln

Kenya is in advanced talks with the World Bank for "a fairly priced" loan of up to KES100 billion ($991.57 million), nearly half of the country's required...

17 January 2020

IDA debuts in sterling with £1.5bn benchmark bond

The International Development Association has made its debut in the sterling market with a five-year benchmark bond that raised £1.5 billion. The bond matures on 12...

17 January 2020

ADF approves $37.2m in credit risk participations

The African Development Fund (ADF), the concessional window of the African Development Bank, has approved credit risk participations by the Private Sector Credit...