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24 July 2018
in
Renewable energy, Traditional energy

EIB to part finance Douro Valley hydro project

The European Investment Bank (EIB) has agreed a €650 million loan to Spanish electricity group Iberdrola to support the construction of the Douro Valley hydro...

24 July 2018
in
Renewable energy, Traditional energy

DFIs and banks refinance Bujagali Energy loans in Uganda

A consortium of development finance institutions and commercial lenders have completed the refinancing of more than $400 million loans of Bujagali Energy Limited, with...

24 July 2018

Demand for World Bank Group financing hits almost $64bn

World Bank Group commitments to developing countries hit nearly $64 billion in fiscal year 2018, which ended June 30, with record increases in human development, climate...

23 July 2018

IFC and Citibank sign $1.2bn deal to support trade in emerging markets

The International Finance Corporation and Citi have signed a $1.2 billion risk-sharing facility to help stimulate the growth of trade in emerging markets and to support...

23 July 2018
in
Renewable energy

India plans August RfP for first offshore wind development

India's Ministry of New and Renewable Energy (MNRE) and the Gujarati government are holding meetings on the July 23 and 24 to discuss the country's first offshore...

23 July 2018

Rwanda joins Africa50, while Kenya doubles contribution

Rwanda has officially joined pan-African infrastructure platform Africa50. Africa50's investor base is currently composed of 28 African countries, the African...

23 July 2018

EBRD agrees €20m loan to Polish steel producer Cognor

Polish steel producer Cognor has received a €20 million, 4.5-year loan from the European Bank for Reconstruction and Development (EBRD) to help modernise its...

23 July 2018

AfDB approves $250m facility to ABSA Bank

The African Development Bank (AfDB) has approved an unfunded $250 million Risk Participation Agreement with South Africa-headquartered ABSA Bank. AfDB's Financial...

23 July 2018

AfDB agrees loan to Uganda Development Bank to boost SME financing

The African Development Bank (AfDB) has approved a $20 million loan to the Uganda Development Bank. The financial package comprises of a ten-year $15 million Sovereign...

20 July 2018
in
Social infrastructure

IADB agrees $87m loan for Panama road and bridge projects

The Inter-American Development Bank has agreed an $87 million loan to Panama to improve the country's road network, boost productivity in the country’s central...

20 July 2018
in
Renewable energy

EIB loan finances wind farms on Mount Vermio, Greece

The European Investment Bank has signed a €24 million financing agreement with the Greek Terna Energy Group to help fund the development, construction and operation...

19 July 2018
in
IT and telecoms

Open Fiber broadband financing nearing close

Open Fiber – the 50/50 Italian highspeed broadband joint venture between Enel and CDP – is expected to sign its €3.5 billion ($4.06 billion) project...

19 July 2018

Carbon Holdings to mandate banks for Tahrir in next two weeks

Carbon Holdings is expected to mandate commercial banks in the next two weeks to finance the $10.9 billion ECA/DFI-backed Tahrir Petrochemicals Corp (TPC) project in...

19 July 2018
in
Renewable energy, Traditional energy

DOE issues first tribal energy loan guarantee solicitation

The US Department of Energy (DOE) has issued the first loan guarantee solicitation for the Tribal Energy Loan Guarantee Program (TELGP). Up to $2 billion...

18 July 2018

DBN expects SME lending to surge as more banks sign up

Development Bank of Nigeria (DBN) expects loans to small and medium-sized enterprises to surge after the number of banks signing up to disburse the facilities more than...

18 July 2018

EBRD agrees gas supply loan to SDX Energy Morocco

The European Bank for Reconstruction and Development has agreed a €10 million loan to SDX Energy Morocco. The funds will finance the enhancement of upstream gas...

18 July 2018

MIGA guarantee boosts Banco Santander's financing capacity in Peru

The Multilateral Investment Guarantee Agancy has issued a guarantee of up to $246.6 million covering Banco Santander Peru's mandatory reserves with the Central Bank...

18 July 2018

CAF agrees $785m project loans to five countries

The Development Bank of Latin America (CAF) has approved seven loans worth $785 million for five countries, Argentina, Brazil, Colombia, Ecuador and...

18 July 2018
in
Agriculture/food chain

MIGA finalizes support for raisin production in Afghanistan

The Multilateral Investment Guarantee Agancy has issued a guarantee of $5.2 million covering war and civil disturbance risks for equity investments by Messrs Mase and...

18 July 2018

BSTDB appoints Hasan Demirhan as VP Banking

The Black Sea Trade and Development Bank (BSTDB) has appointed Hasan Demirhan as its Vice President Banking for four years. He replaces Igor Leshukov, who has been in...