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14 October 2024
in
Climate finance

AfDB approves grants to build climate resilience in Malawi, Zimbabwe

AfDB has approved grants of $34,796,402 to enhance resilience and adaptation to climate disaster risks for vulnerable communities in Malawi and Zimbabwe.Under the Africa...

14 October 2024

JICA supports Fiji disaster recovery

JICA has signed a loan agreement with Fiji for the Disaster Recovery and Rehabilitation Phase 2.The 40-year JPY5 billion ($33.5 million) loan has an annual interest rate...

14 October 2024
in
Finance and other

New ADB country director for Pakistan assumes office

ADB has appointed Xiaoqin (Emma) Fan as its new Country Director for Pakistan.She has more than 30 years of professional experience, including 22 years in ADB. Fan joined...

14 October 2024
in
Finance and other

BDB unveils new CEO, Advisory Council appointments

Bulgarian Development Bank has appointed Dimitar Mitev to the Advisory Council and Ivaylo Moskovski as a member of the Board of Directors and CEO.Mitev has 32 years of...

14 October 2024
in
Traditional energy, Waste and water

Madurai submits plans for WTE plant

Madurai Corporation has unveiled a proposal for a waste-to-energy plant with an estimated cost of ₹314 crore (about $37.5 million). This initiative aims to address the...

14 October 2024

AFC is JLM for Ecobank's $400m eurobond issuance

Africa Finance Corporation was joint lead manager for the pricing of a $400 million 10.125% Note by Ecobank Transnational Incorporated. The five-year offering, which is...

14 October 2024
in
Social infrastructure

EU, AFD support sustainable urban development

The EU and AFD have signed a Financing and Accelerating the Sustainable Transition of Cities (FAST-Cities).The FAST-Cities guarantee is an ambitious initiative aimed at...

11 October 2024
in
Renewable energy

Enel Colombia signs ECA-backed EIB loan

Enel Colombia has signed an ECA-supported loan through a synthetic product which neutralises the exchange rate risk, for a maximum amount in Colombian pesos equivalent to...

11 October 2024
in
Social infrastructure

Philippines secures Korean support for infrastructure projects

The Philippines has sealed agreements with South Korea to fund three major infrastructure projects.One of the projects is the PHP6.34 billion ($111.4 million) Samar...

11 October 2024
in
Renewable energy

Developers seek EBRD funds for Baltyk 2 & 3

Equinor and Polenergia are seeking EBRD funding for their Baltyk 2 and 3 projects, both of which have a capacity of 720MW.The non-recourse long-term senior debt from EBRD...

11 October 2024

PSV Hafnium secures backing from EIF and EIFO

Danish venture fund PSV Hafnium has landed DKK185 million (about $27 million) EIF and DKK100 million (almost $15 million) EIFO commitments in support of deep tech focused...

11 October 2024
in
Renewable energy

EIB, Intesa Sanpaolo unveil €8bn wind industry plan

EIB and Intesa Sanpaolo have agreed on a new initiative with the potential to unlock investment of up to €8 billion for the European wind industry. It forms...

11 October 2024
in
IT and telecoms

Philippines' €268m fiber optic project approved

The World Bank has approved €268.22 million ($287.24 million) in funding for the Philippines Digital Infrastructure Project. The project will invest in the...

11 October 2024

UNDP, Mizuho to scale up sustainable finance in Asia

The United Nations Development Programme (UNDP) and Mizuho Financial Group are partnering to support scaling up sustainable finance across Japan and Asia. This follows an...

11 October 2024
in
Finance and other

World Bank names new Romania, Hungary manager

Yasser El-Gammal has been named as the new World Bank Country Manager for Romania and Hungary. The appointment is effective October 1.  El-Gammal, who succeeds Anna...

11 October 2024
in
Agriculture/food chain

Afreximbank funds Lagos cashew processing factory

Afreximbank has approved a $20.8 million financing facility for Nigeria-based Starlink Global & Ideal to enable the company construct and operate a 30,000-metric...

11 October 2024
in
Social infrastructure

EBRD, EIB to fund Armenian road project

Armenia's parliament committee on financial-credit and budgetary affairs has approved a bill on ratifying a €236 million ($258 million) loan from EBRD for the...

11 October 2024
in
Renewable energy

EBRD mulls funding for 1.1GW Egyptian wind project

EBRD is considering providing a loan for the construction, commissioning and operation of a 1.1GW wind power project in Egypt. The Suez Wind Energy BOO Wind Power Plant...

11 October 2024

USAID advances efforts to strengthen cost-effectiveness of assistance

USAID has launched two new agency policy documents to maximize the impact achieved on humanitarian and development objectives for every dollar of US foreign assistance...

11 October 2024

AIIB and AMRO pen cooperation MoU

AIIB and the ASEAN+3 Macroeconomic Research Office (AMRO) signed a MoU to enhance cooperation aimed at fostering regional macroeconomic resilience and sustainable...