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06 December 2024

SACE and AfDB to cooperate under $6bn Mattei Plan

Italian ECA SACE and AfDB have signed a deal to provide credit protection to foster investment in Africa under the $6 billion “Mattei Plan”.The Mattei plan to...

06 December 2024

CDP, AfDB sign €400m co-financing deal

Italian state lender CDP and AfDB have signed a co-financing deal worth €400 million ($420 million) to promote climate finance, sustainable farming, education and...

06 December 2024
in
Renewable energy

Africa50 to manage Africa Solar Facility

Africa50 has agreed to manage and implement the Africa Solar Facility (ASF). The pan-African infrastructure investor signed a term sheet with the International Solar...

06 December 2024
in
Social infrastructure

Turkish electric rail expansion receives $660m

The World Bank has approved $660 million in financing to support Turkiye’s efforts to expand electric rail transportation.The Eastern Turkiye Middle Corridor...

06 December 2024
in
IT and telecoms, Social infrastructure

Pembani Remgro Infrastructure Fund II gets fresh funds

EIB has committed $80 million in equity to the Pembani Remgro Infrastructure Fund II (PRIF II) to finance infrastructure projects in sub-Saharan Africa. Proceeds...

06 December 2024
in
Social projects

Turkiye receives public health emergency financing

The World Bank has approved $250 million in financing to improve readiness for and handling of public health emergencies in Turkiye.The Turkiye Preparedness for Public...

06 December 2024
in
Finance and other

IDA receives record $100bn replenishment

The World Bank Group has unveiled a record $100 billion replenishment of the International Development Association (IDA).A total of $23.7 billion was pledged in IDA21;...

06 December 2024

African trade boosted by AfDB risk-sharing deal

AfDB and Bank of Africa SA have signed a risk-sharing agreement of €50 million to strengthen private-sector financing and promote African trade. The deal will...

06 December 2024
in
Social infrastructure

Mongolia’s first internationally certified green campus gets funding

ADB signed a senior secured MNT45.7 billion (equivalent to $13.5 million) loan with Orchlon School and Kindergarten Complex to support Mongolia’s first...

06 December 2024
in
Manufacturing

$350m loan to enhance India’s logistics sector and exports

ADB has approved a $350 million policy-based loan to support the government of India’s wide-ranging reforms to strengthen and modernise the country’s...

06 December 2024
in
Social projects

China Education Group signs $200m deal

ADB, China Education Group, and Yantai Institute of Science and Technology signed a $200 million (in CNY equivalent) finance package to enhance higher vocational...

06 December 2024

Moroccan MSMEs receive EBRD backing

EBRD is supporting MSMEs in Morocco through a senior loan of up to €50 million in local currency granted to Credit Agricole du Maroc (CAM).This loan will be used to...

06 December 2024

EIB Group, Banco Sabadell support Spanish SMEs

The EIB Group has invested €395 million in various tranches into a new asset-backed securities issue originated by Sabadell. EIB will contribute €350 million to...

05 December 2024
in
Renewable energy

Pakistan sustainable aviation fuel project secures financing

SAFCO Venture Holdings has secured funding to finance the construction and operation of a sustainable aviation fuel (SAF) facility in Sheikhupura, Pakistan. The project...

05 December 2024
in
Renewable energy

Etana strikes landmark deal with GuarantCo and BII

GuarantCo and BII expect to unlock $500 million of new renewable power development via a deal with South African energy trader Etana Energy.GuarantCo and BII will provide...

05 December 2024
in
Waste and water

GuarantCo backs Vietnam’s first 20-year project and green bond

GuarantCo has provided a VND1.192 billion ($47 million) guarantee to Hoa Binh – Xuan Mai Clean Water and Xuan Mai - Hanoi Clean Water Transmission. Hoa Binh...

05 December 2024
in
Social infrastructure

Kigali urban transport project gets AfDB support

AfDB has approved a loan of $100 million to Rwanda to implement a major project to improve transport in and around the capital, Kigali.The project provides for the...

05 December 2024
in
Social projects

$500m ADB loan will boost financial inclusion in Indonesia

ADB has approved a $500 million loan to foster financial inclusion in Indonesia, focusing on expanding access to financial services for vulnerable groups, particularly...

05 December 2024
in
Social infrastructure

DFC unveils $553m Lobito Atlantic Railway loan

The US government is lending up to $553 million to upgrade the Lobito Atlantic Railway in Angola. The loan will support the rehabilitation and operation of the...

05 December 2024
in
Climate finance

Hunan lake restoration project receives ADB, AFD funding

ADB has approved a $150 million loan equivalent to improve the ecological and environmental restoration of Dongting Lake in Hunan Province, China. The total cost of the...