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07 September 2018

Poland threatens to block EIB post-Brexit plan

Poland is threatening to block a post-Brexit capital plan for the European Investment Bank unless it can secure a bigger role at Europe's biggest development...

07 September 2018

EIB sells first "sustainability" bond

The European Investment Bank (EIB) has sold its first 'sustainability awareness bond', the latest in a series of bond sales by it and other multilateral...

07 September 2018

ITFC: Egypt to get $1bn for basic goods

The International Islamic Trade Finance Corporation (ITFC) will provide Egypt with $1 billion to support the provision of basic goods. The financing is part of a $3...

07 September 2018
in
Renewable energy, Traditional energy

ADFD finances UAE waste-to-energy facility with $33m loan

The Abu Dhabi Fund for Development (ADFD) has approved a $33 million (Dh121 million) concessionary loan for the development of a waste-to-energy facility in Sharjah. It...

07 September 2018

League of Arab States and ITFC sign MoU to boost intra-Arab trade

The International Islamic Trade Finance Corporation (ITFC) and The League of Arab States (LAS) have signed a Memorandum of Understanding (MoU) to develop intra-Arab...

06 September 2018

EBRD supports agrees €16m loan to Varroc Lighting Systems Morocco

The European Bank for Reconstruction and Development (EBRD) has agreed a €16 million to Varroc Lighting Systems Morocco - the Moroccan subsidiary of the Indian motor...

06 September 2018
in
Social infrastructure

Consortium and Boeing launch Cedar Aviation Finance fund

A consortium composed of Novus Aviation Capital, the Development Bank of Japan, NORD/LB Norddeutsche Landesbank and Boeing has launched Cedar Aviation Finance...

06 September 2018

IADB $150m loan boosts electric energy projects in Honduras

The Inter-American Development Bank has agreed a $150 million loan to support a national electric energy transmission program in Hondura to reduce power...

06 September 2018

National Bank of Egypt seals $600m CDB loan

The National Bank of Egypt has signed a $600 million loan agreement with the China Development Bank to finance the working capital of its customers. It follows a $700...

05 September 2018
in
Social infrastructure

Eight firms bid to construct Kampala-Jinja road

The Uganda National Roads Authority has unsealed bid applications submitted by eight companies interested to construct the new Kampala-Jinja Expressway. China...

04 September 2018

ADB unveils first Scorecard to boost access to trade finance

The Asian Development Bank has launched the Trade Finance Scorecard - Regulation and Market Feedback, a new tool to address market gaps stemming from the unintended...

04 September 2018

Acorn Group receives $50m OPIC loan for housing project

The Overseas Private Investment Corporation (OPIC) has agreed to provide a $50 million loan to Kenya-based Acorn Group - a company backed by Helios Investment Partners...

04 September 2018
in
Renewable energy

Zambia issues RfP for 100MW of solar

Zambia's Ministry of Energy and the GET FiT Zambia Secretariat have issued a Request for Proposal for the deployment of 100MW of solar PV capacity. The Department...

04 September 2018

EDB to finance Kazakhstan's largest car production

Eurasian Development Bank (EDB) has agreed a 10-year investment credit for a total of RUB4 billion with ASIA AVTO Kazakhstan to finance a full-cycle car assembly plant in...

03 September 2018

BNDES to allocate $1.2bn credit line to continue ties with Iran

Brazil, through its development bank BNDES, has allocated $1.2 billion to boost economic cooperation with Iran. The country is prepared to continue economic cooperation...

03 September 2018

NIB launches second loan facility with Norway's Sparebanken Sør

The Nordic Investment Bank (NIB) and Norway's Sparebanken Sør have launched a new NOK 1 billion (€105 million) seven-year loan facility for onlending to...

31 August 2018
in
Renewable energy

Daystar Power signs $500m DEG-backed loan

Renewable energy solution provider Daystar Power has signed a $500 million DEG-backed loan to finance the roll-out of hybrid solar power systems in Nigeria...

31 August 2018
in
Renewable energy

MPUVNL's 35MW rooftop solar tender attracts record low tariffs

Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) has attracted 31 bidders for its 35.29 MW rooftop solar tender that will see projects developed at 643 schools...

31 August 2018

Erkan Kilimci to join Development Bank of Turkey

Turkey's central bank's deputy governor and Monetary Policy Committee member Erkan Kilimci is set to resign and become a board member for the Development...

30 August 2018
in
Renewable energy

FMO leads $15m finance for Kingo's off grid solar services in Guatemala

Dutch development bank FMO is the lead arranger in a $15.5 million financing package to boost solar panel group Solesco Centroamérica's (Kingo) off grid...