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28 November 2023
in
IT and telecoms

MIGA supports expansion of telecom services in Liberia

The Multilateral Investment Guarantee Agency has issued a guarantee of $81 million to Orange Cote d’Ivoire Participations (OCIP) to cover its existing equity...

28 November 2023
in
Renewable energy

EDB commits $350m under IRENA’s ETAF platform

Emirates Development Bank has committed up to AED1.3 billion ($350 million) to support the Energy Transition Accelerator Financing (ETAF) platform.ETAD is a global...

28 November 2023
in
IT and telecoms

Uganda turns to Chexim after World Bank halts funding

Uganda is preparing to borrow $150 million from the Export-Import Bank of China to help expand its internet infrastructure.The move underscores the East African...

28 November 2023
in
Social infrastructure

EIB grants €450m to Iveco for transport sector innovation

The EIB has provided a loan of €450 million ($492.1 million) to Iveco Group, a global automotive leader. This financing, the first tranche of a total approved by the...

28 November 2023
in
Finance and other

AfDB launches $2bn 4.625% global benchmark due

The African Development Bank has launched and priced a new $2 billion long three-year Global Benchmark bond due January 4, 2027 - its second of the year.With this issue,...

28 November 2023
in
Social projects

Egypt implements $131m program for private sector development and economic diversification

The AfDB has approved $131 million for the Private Sector Development and Economic Diversification Support Program – Phase I (PSD-EDSP I) in Egypt.The program,...

28 November 2023
in
Finance and other

Comoros joins Afreximbank, Chad and South Sudan complete membership procedures

The Island of Comoros has become the 46th participating state of the Afreximbank, bringing the continental multilateral trade finance institution closer to full coverage...

28 November 2023
in
Finance and other, Social projects

EIB, Luminor Bank to boost SME financing in the Baltic Region

The EIB and Luminor Bank have signed a €115 million ($129 million) deal aimed at facilitating additional lending to SMEs and mid-caps in Estonia, Latvia, and...

28 November 2023
in
Traditional energy

Bangladesh signs MoU with JBIC for strategic cooperation in energy sector

The Energy and Mineral Resources Division in Bangladesh has inked a non-binding MoU with the JBIC to strengthen cooperation in the country's energy sector.JBIC will...

28 November 2023
in
Social projects

ADB issues gender bond denominated in Azerbaijan manat

ADB has raised AZN14.5 million (about $8.5 million) through the issuance of its second bond in this South Caucasus currency. The issue is structured as a three-year...

28 November 2023
in
Waste and water

ADB loan boosts resilience of Pakistan’s urban environment

ADB has approved a $180 million loan to improve water supply and solid waste management services in two rapidly growing cities in Pakistan’s Punjab...

28 November 2023
in
Social infrastructure

EIB funds social housing project in Milan

EIB has granted a €34 million ($37 million) loan to the Ca’ Granda Fund to support the construction of new social housing units in the centre of Milan and...

28 November 2023
in
Finance and other

Nigeria cabinet approves $1bn AfDB loan

Nigeria's cabinet has approved a $1 billion concessionary loan from the African Development Bank to support financing the budget and improve foreign exchange...

27 November 2023
in
Renewable energy

€250m EIB loan supports Soregies' energy transition

The EIB is lending €250 million ($264,025,000) to French integrated energy company Soregies Group to support its energy transition.The financing - supported by the...

27 November 2023
in
Renewable energy, Traditional energy

Mozambique approves $80bn energy transition strategy

Mozambique’s government approved a strategy to reduce the nation’s dependence on fossil fuels that it estimates will cost $80 billion to implement by 2050, a...

27 November 2023

EIB funds Billerud's bioproduct mill upgrade

The EIB has signed a SEK1.3 billion (approximately $124.4 million) loan agreement with Swedish paper and packaging materials supplier Billerud.The loan supports the...

27 November 2023
in
Agriculture/food chain

EBRD guarantee backs new lending by Credit Agricole in Ukraine

The EBRD is providing a €10.6 million ($11.3 million) unfunded portfolio risk-sharing facility to Credit Agricole Ukraine, unlocking €50 million ($54.6 million)...

27 November 2023

Germany, Chile to launch club to help developing nations cut industry emissions

Germany and Chile plan to launch a club of governments to help developing nations invest in decarbonising industries like steel and cement-making at the COP28 climate...

27 November 2023
in
Agriculture/food chain, Climate finance

AfDB, Libya strengthen cooperation

The AfDB has signed three technical assistance grant agreements with the government of Libya, demonstrating its commitment to supporting the country.The agreements...

27 November 2023
in
Climate finance

CABEI provides emergency aid to the Dominican Republic

The CABEI has allocated $500,000 to mitigate the impacts of the tropical storm in the Dominican Republic. The funds will be used for rescue and humanitarian aid,...