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07 October 2024
in
Finance and other

ADB names new Azerbaijan country director

ADB has appointed Sunniya Durrani-Jamal as its new Country Director for Azerbaijan. Durrani-Jamal will lead ADB’s operations in Azerbaijan and manage the...

07 October 2024
in
Social projects

Biopharma Fabentech gets EIB funds for R&D

EIB and French biopharmaceutical firm Fabentech have signed a €20 million financing under the HERA Invest mechanism. This €100 million initiative is part...

07 October 2024
in
Waste and water

ADB approves support to deliver irrigation water in Nepal

ADB has approved a $125 million financing package to provide long-term sustainable solutions to increase year-round access to irrigation water in rural communities in...

07 October 2024
in
IT and telecoms, Waste and water

Suriname to increase access to electricity, drinking water, telecommunications

IDB has approved a Conditional Credit Line for Investment Projects of $135 million in two tranches to boost socioeconomic development by promoting clean and sustainable...

07 October 2024
in
Agriculture/food chain

IFC invests in Morocco's Retail Holding

IFC, Fipar Holding and CDG Invest Growth have invested in Retail Holding to boost access to affordable, high-quality food products in Morocco and Cote d’Ivoire.IFC,...

07 October 2024
in
Finance and other

World Bank supports Sri Lanka's economic reforms

The World Bank and Sri Lanka's government have signed the Second Resilience, Stability, and Economic Turnaround Development Policy Operation for $200 million. This is...

04 October 2024
in
Mining

KfW establishes raw materials fund

KfW is establishing a raw materials fund to support the sustainable supply of strategic raw materials to the German economy. The raw materials are the same 34 natural...

04 October 2024
in
Climate finance

The best of all outcomes – so far

The latest World Bank outcome bond – the $225 million nine-year Amazon Reforestation-Linked Bond – is the biggest to date and yet another first. But can these highly...

04 October 2024
in
Climate finance

IFC invests in Equator Africa Fund I

IFC is investing in Equator Africa Fund I, marking its first-ever investment in a venture capital fund entirely focused on supporting businesses and innovation in the...

04 October 2024
in
Finance and other

ADB extends Roberta Casali's VP term

Asian Development Bank has extended the term of Roberta Casali as Vice-President for Finance and Risk Management by two years. Since joining ADB in January 2022,...

04 October 2024
in
Renewable energy, Traditional energy

Lebanon receives $250m renewable energy funding

The World Bank has approved a $250 million project to step up renewable energy in Lebanon through the restoration of electricity grid services and support for continued...

04 October 2024

EIB boosts access to financing for Polish SMEs

EIB is lending Poland’s Pekao Leasing €150 million to support the development of the country's SMEs. The EIB credit to the unit of Bank Pekao will...

04 October 2024
in
Social projects

JICA to launch gender bonds

JICA will launch Fiscal Investment and Loan Program (FILP) Agency Bonds as Gender Bonds in November 2024. Net proceeds will be allocated to finance newly committed...

04 October 2024

Commercial International Bank seals IFC loan

Egypt's Commercial International Bank has signed a $150 million loan facility with IFC.The Tier II capital has a maturity period of ten years and aligns with the...

03 October 2024
in
Finance and other, Renewable energy

BNDES grants $110m loan for Irapuru solar park

BNDES has granted a BRL600 million ($110 million) loan to support the construction of the 422MWp Irapuru solar complex.The financing will be used by Irapuru Holding (part...

03 October 2024
in
Social infrastructure

ARISE IIP raises $443m from FEDA, AFC

ARISE IIP, a pan-African developer and operator of industrial parks, has raised $443 million.The funding includes a $300 million investment from Afreximbank’s...

03 October 2024
in
Social projects

Kexim supports Ukraine's recovery with $100m loan

South Korea plans to provide a $100 million loan to Ukraine to support the country’s economic recovery amid its ongoing invasion by Russia.The loan will be provided...

03 October 2024
in
Renewable energy

Green Genius secures €100m EBRD investment

IPP Green Genius will receive an equity investment of up to €100 million (about $110 million) from EBRD. The investment marks the largest single company equity...

03 October 2024

Minbos closes IDC loan for Cabinda project

Minbos Resources has closed a $14 million loan with the International Development Corporation of South Africa. Proceeds of the loan, which carries an interest rate of...

03 October 2024
in
Finance and other

AFC issues 5-year $500m Eurobond

Africa Finance Corporation has issued a $500 million 144A/Reg S Eurobond.The benchmark five-year note, issued at par with a coupon of 5.55%, had a negative concession...