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11 December 2023
in
Renewable energy, Traditional energy

AfDB collaborates with FCDO on $1bn guarantee program to boost South Africa's just energy transition

The AfDB has greenlit a $1 billion guarantee program in partnership with the UK Foreign Commonwealth and Development Office. This collaboration is designed to bolster the...

11 December 2023

Apax closes $900m Global Impact Fund

Apax has announced the final closing of the Apax Global Impact Fund, raising about $900 million.The fund is committed to investing in mission-driven companies with core...

11 December 2023
in
Climate finance

UNEP releases damning State of Finance for Nature report

Almost $7 trillion is invested globally each year in activities that have a direct negative impact on nature from both public and private sector sources - equivalent to...

11 December 2023

US supports India's plan for 50,000 e-buses

India is aiming to get 50,000 electric buses on its streets by 2027 with help from a joint finance mechanism with the US.The $390 million fund will act as a guarantee for...

11 December 2023

EBRD, EU boost women-led firms in Morocco

The EBRD and the EU are joining forces with Fondation Arrawaj de la Finance Inclusive to support women-led MSMEs in Morocco. The EBRD will provide a senior unsecured...

11 December 2023
in
Social projects

EIB backs Vivium to further improve elderly care services

The EIB and the Netherlands' Vivium Zorggroep have signed a €70 million loan agreement supporting the company’s investment plans running up to...

11 December 2023
in
Agriculture/food chain

BII commits $15m equity investment in Valency International

BII will invest $15 million in equity into Valency International, a Singapore-headquartered agricultural commodities trading house. The investment aims to fund the...

11 December 2023
in
Finance and other

World Bank helps fund economic, social, climate reforms in Uzbekistan

The World Bank has approved a Development Policy Operation to financially support the government of Uzbekistan in implementing a new generation of economic, social, and...

11 December 2023

AfDB supports SMEs in Nigeria, Ecobank secures $200m sustainability-linked loan

The AfDB has inked a $20 million trade finance facility agreement with FSDH Merchant Bank, aimed at supporting SMEs in Nigeria’s industrial and manufacturing...

11 December 2023
in
Finance and other

KfW planning tokenized bond in early 2024

German development bank KfW plans to issue a tokenized bond in 2024. Technically KfW issued a digital bond this year, a €20 million issuance using Deutsche...

11 December 2023
in
Finance and other

World Bank channels $300m to support Cote d'Ivoire's growth

The World Bank has agreed $300 million for Cote d’Ivoire to accelerate the country’s economic growth. The reforms supported by this budget support...

11 December 2023
in
Climate finance

EIB and MDBs unveil common principles for nature-positive finance

During COP28, the EIB and other multilateral development banks jointly released common principles to identify and track nature-positive finance. These principles, a key...

11 December 2023
in
Finance and other

ADB to spur agriculture, improve transport and trade sectors in Mongolia

ADB has approved two projects totaling $157.1 million to spur agriculture competitiveness and enhance trade and logistics in Mongolia.The $57.1 million Agriculture and...

11 December 2023
in
Social infrastructure

ADB to help improve 700km of rural roads in Uzbekistan

ADB has approved a $240 million loan to improve 700km of rural roads in Uzbekistan, making them safer and more climate-resilient to enhance connectivity and promote rural...

11 December 2023
in
Social infrastructure

EIB commits €250m for second rail track in Slovenia

EIB has signed a €250 million (about $269 million) loan agreement with 2TDK to co-finance the construction of the second rail track in Slovenia. The project set...

11 December 2023
in
Social projects

EBRD and IFC invest $10m in Ukraine's Preply

The EBRD and the IFC are joining forces to invest in Preply, a prominent Ukrainian-founded online language learning platform. This strategic investment aims to fortify...

08 December 2023
in
Finance and other

EU finance ministers back Nadia Calvino for EIB presidency

EU Finance Ministers have voiced their unanimous support for Nadia Calvino to assume the role of President of the EIB. The decision was reached during discussions among...

08 December 2023

Transition Industries, IFC to develop Pacifico Mexinol project

Transition Industries has signed a Joint Project Development Agreement with the IFC to jointly develop its Pacifico Mexinol project, a 6,145 MT per day methanol...

08 December 2023
in
Finance and other

AFC secures €50m loan facility from CDP

Africa Finance Corporation and Cassa Depositi e Prestiti have signed a €50 million ($54 million) loan facility. The financing will play a pivotal role in supporting...

08 December 2023
in
Social infrastructure

EIB, Ferrovie dello Stato Italiane enhance rail services and sustainable mobility

The EIB and Ferrovie dello Stato Italiane are set to invest €500 million ($542.9 million) in upgrading rail services in Campania and Lazio regions. The initiative...