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01 December 2020

EIB boosts Palestinian SMEs with credit line to The National Bank

The European Investment Bank has agreed a $50 million line of credit extended to The National Bank -  the second largest Palestinian bank - to be on-lent primarily...

30 November 2020
in
Mining

MC Mining says IDC support for Makhado coal project intact

MC Mining says the Industrial Development Corporation of South Africa (IDC) has acknowledged a proposal to extend the repayment period of a loan proviced to develop the...

30 November 2020

IFC invests $25m in Bank Asia Limited to boost liquidity amid COVID-19

The International Finance Corporation is making a fresh investment in Bank Asia Limited in an effort to provide liquidity to companies affected by the COVID-19 pandemic...

30 November 2020
in
Social infrastructure

EIB backs €470m road safety scheme

The European Investment Bank is providing €235 million towards a €470 million nationwide programme to reduce death and injury caused by traffic accidents across...

30 November 2020

AIIB invests $100m in SME renewable energy fund

In a first-of-its-kind private credit fund financing, the Asian Infrastructure Investment Bank has approved a $100 million investment into the ADM Capital Elkhorn...

30 November 2020

FMO supports Ameriabank in placing its first ever green bond

Dutch development bank FMO’s client Ameriabank issued a green bond in EUR for the equivalent of $50 million, marking a milestone in the local financial market as...

30 November 2020

Eurasian Development Bank economies to start economic growth in 2021

The Eurasian Development Bank (EDB) has published its Macroeconomic Forecast for 2020. The bank forecasts its member states’ aggregate GDP to contract by 3.8% in...

30 November 2020
in
Social infrastructure

EIB supports AB Science in its COVID-19 development programme

The European Investment Bank has agreed a €15 million loan to French pharmaceutical company AB Science to fund the clinical development programme evaluating...

27 November 2020
in
Social infrastructure

NIB and Tallink Silja Oy agree €100m COVID response loan

The Nordic Investment Bank and Finnish shipping company Tallink Silja Oy - a subsidiary of the Estonian AS Tallink Grupp - have agreed a four-year loan of €100...

27 November 2020
in
Social infrastructure

EBRD finances road improvement project in Montenegro

The European Bank for Reconstruction and Development is providing a €26 million ($31 million) sovereign loan to Montenegro for the reconstruction and upgrade of the...

27 November 2020
in
Manufacturing, Renewable energy, Traditional energy

$80m NIB loan finances power production and distribution in Iceland

The Nordic Investment Bank has signed an $80 million loan with Icelandic utility Orkuveita Reykjavikur to finance an investment programme to improve geothermal power...

27 November 2020
in
IT and telecoms

Ethiopia launches RFP for telecom tenders

Ethiopia has issued RFPs for two telecoms licenses, with the deadline for bids set for 5 March 2021. However, the deadline to show an interest in receiving the RFP...

27 November 2020
in
Manufacturing, Traditional energy

CABEI allocates $143m for Nicaragua electrification project

The Central American Bank for Economic Integration (CABEI) has approved a $143 million loan to Nicaragua to continue financing the National Program for Sustainable...

27 November 2020
in
Mining

KfW rules out financing for Adani's Carmichael coal mine

German development bank KfW has responded to a number of enquiries about its business relationship with the State Bank of India in connection with SBI's financing for...

27 November 2020
in
Renewable energy

AfDB, DFID support DRC solar projects

Pan-African industrial platform Eranove Group, the Association of Energy Engineers, and London-based Gridworks are to work together on a project to install solar hybrid...

27 November 2020

ADB approves $300m loan to promote macroeconomic stability in Pakistan

The Asian Development Bank has approved a $300 million policy-based loan to help promote macroeconomic stability in Pakistan by facilitating improved trade...

27 November 2020
in
Renewable energy

BNDES agrees $107m loan for EDPR wind expansion in Brazil

Brazilian development bank BNDES has approved an up-to BRL568 million ($107 million) loan to expand EDP Renovaveis's Jerusalem wind complex to 180.6MW.The financing...

27 November 2020

World Bank prices first global dual tranche New Zealand dollar bonds

The World Bank has priced a New Zealand dollar-denominated dual tranche of NZD1 billion ($702.6 million) and NZD300 million ($210.8 million) fixed-rate global Sustainable...

27 November 2020
in
Renewable energy, Traditional energy

AfDB agrees $120m financing for Malagarasi Hydropower Project

The African Development Bank has approved a $120 million loan to fund the construction of a 50MW hydropower plant in Western Tanzania. The Malagarasi Hydropower project...

27 November 2020
in
Manufacturing, Traditional energy

ADB approves $156m loan to upgrade power grids in Nepal

The Asian Development Bank has approved a $156 million concessional loan to modernize power transmission and distribution systems in Nepal. The Electricity Grid...