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24 May 2024
in
IT and telecoms

Google unveils new intercontinental fibre route

Google has announced a new investment in a fibre optic route to directly connect Africa with Australia.Anchored in Kenya, the Umoja cable route will pass through Uganda,...

24 May 2024
in
Renewable energy, Social infrastructure, Traditional energy

Husk to deploy 250MW of decentralised power projects in Nigeria

The Rural Electrification Agency (REA) of Nigeria and Husk Power Systems have signed a MoU to deploy up to 250MW of decentralised renewable energy (DRE)...

24 May 2024
in
IT and telecoms

Sonatel's FCTC listed

The Fonds Commun de Titrisation de Creances (FCTC) Sonatel bond – backed by the EAIF and IFC as anchor investors – has listed on the Bourse Regionale des...

24 May 2024
in
Renewable energy

AfDB'S SEFA funds mini-grid pilot programme

AfDB has approved $8 million to support the rollout of a pioneering pilot mini-grid programme with potential Africa-wide benefits.The funding, provided by the...

24 May 2024

Metinvest secures BSTDB funding for Ukrainian mining

BSTDB is providing a new €10 million ($10.8 million) short-term facility to one of the subsidiaries of Metinvest Group.The loan aims to enhance the export of iron...

24 May 2024
in
Traditional energy

DBSA looking at South African transmission auction office

Development Bank of Southern Africa (DBSA) is negotiating with South African government ministries to establish an office that will manage auctions of transmission...

24 May 2024
in
Climate finance

Eurazeo Planetary Boundaries Fund is launched

Eurazeo has launched Eurazeo Planetary Boundaries Fund (EPBF), a thematic impact buyout fund which aims to build and scale tomorrow’s leaders to reverse or adapt to...

24 May 2024
in
Waste and water

ADB supports Indonesia's efforts to reduce plastic marine debris

ADB has granted a loan of $500 million to bolster Indonesia's program aimed at combating plastic marine debris. This funding will primarily support Indonesia's...

24 May 2024
in
Finance and other

EBRD names acting MD for Central Asia

EBRD has named Huseyin Ozhan as its acting Managing Director for Central Asia. He is succeeding Zsuzsanna Hargitai, who has been appointed Managing Director, SME Finance...

24 May 2024
in
Social infrastructure

Afreximbank to provide $115m to NRZ

The National Railways of Zimbabwe (NRZ) is on track to secure the $115 million loan facility from Afreximbank after the Government approved the establishment of a SPV...

24 May 2024

EIB supports Castilla y Leon SMEs

EIB has signed a €25 million (about $27 million) loan with the regional government of Castilla y León via the Institute for Business Competitiveness of...

24 May 2024
in
Waste and water

Indonesian solid waste management solutions partnership formed

AIIB, the Alliance to End Plastic Waste (AEPW) and Indonesia’s Ministry of Public Works and Housing (MPWH) have established a co-investment partnership to provide...

24 May 2024
in
Social projects

IDA approves $40m project to improve skills for better jobs in Cambodia

Around 33,000 Cambodians are expected to receive improved training and labour market services as a result of a $40 million credit approved by the International...

24 May 2024
in
Renewable energy

AfDB issues EoI for floating solar project feasibility study

AfDB has extended a request for EoI, asking for consulting firms to provide services under SEFA’s Africa Hydropower Modernization Program to support the bank and...

24 May 2024
in
Manufacturing

US Ex-Im backs SC's loan to FEICOM for equipment purchase

The Government of Cameroon has secured loan agreements to finance the shipment of civil engineering equipment worth XAF50.25 billion ($83 million) from the US to...

24 May 2024
in
Climate finance

SLBs: The right debt tool for biodiversity?

Sustainability-linked bonds (SLBs) can be more flexible than traditional green debt and are well-suited to the long-term, outcome-oriented, carefully structured KPIs that...

23 May 2024
in
Social infrastructure

Tajikistan bridge project receives AIIB, EBRD, OFID support

A project to construct a bridge in Tajikistan is being financed by AIIB, EBRD and OFID.The bridge and its approaches along the Obigarm-Nurobod section of M41...

23 May 2024
in
Agriculture/food chain

Syngenta, TNC extend collaboration on agriculture

Syngenta Group and The Nature Conservancy (TNC) have renewed their collaboration to address societal and environmental challenges related to agriculture. The partnership...

23 May 2024
in
Mining

Turkish miner Esan gets green boost via EBRD funds

EBRD is providing a $50 million loan to Turkish mining group Esan to finance the company’s resource and energy efficiency investments at the Balya polymetallic...

23 May 2024
in
Finance and other

AfDB supports economic diversification and competitiveness

AfDB has approved a loan of $240 million to Mauritius to implement the second phase of the Economic Competitiveness and Resilience Support Program.The aim is to continue...