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16 May 2024

Afreximbank secures $350m facility from ITFC and ICD

Afreximbank has secured two facilities to support trade and projects in Africa. ITFC has provided a facility of $250 million, while ICD has extended a facility of $100...

16 May 2024
in
Social infrastructure

NIB finances healthcare services in Finland

NIB has signed a second loan agreement with the Wellbeing Services County of North Savo, Finland, providing an uncommitted credit facility of €100 million ($108.4...

16 May 2024

Zimbabwe's FCB gets AfDB trade finance funds

AfDB has approved a $15 million trade finance package for First Capital Bank in Zimbabwe to help bolster intra-African commerce in line with the goals of the Africa...

16 May 2024
in
Social infrastructure

EBRD, USAID partner on developing connectivity in the South Caucasus

EBRD and USAID have joined forces to strengthen the Trans-Caspian International Transport Route, also known as the Middle Corridor. This partnership aims to enhance...

16 May 2024
in
Finance and other

JICA launches $1bn government guaranteed bonds

JICA has launched $1 billion worth of five-year Global US Dollar bonds, guaranteed by the Government of Japan.The bonds carry a coupon rate of 4.750% and have been listed...

16 May 2024
in
Social projects

Youth entrepreneurship in Uzbekistan boosted by EBRD funds

EBRD is improving access to finance for young entrepreneurs in Uzbekistan by providing funds to privately owned financial institution, Davr Bank.Davr Bank will join...

15 May 2024

CAF helps finance reconstruction of Rio Grande do Sul

Latin American development bank CAF has announced a package of measures with the potential to reach BRL3.8 billion ($746 million) in financial resources to support the...

15 May 2024
in
Social infrastructure

EBRD funds largest road project in Armenia

EBRD is lending €236 million (over $256 million) to Armenia to finance the construction of the southern section of the Sisian-Kajaran road.This is the largest road...

15 May 2024
in
Climate finance

Ocean 14 Capital Fund I reaches hard cap of €200m

Ocean 14 Capital Fund I, focusing exclusively on the blue economy, has closed on €201 million to support its mission of funding sustainable solutions to improve...

15 May 2024
in
Finance and other

World Bank hires new Kyrgyz Republic country manager

World Bank has appointed Hugh Riddell as Country Manager for the Kyrgyz Republic. Based in Bishkek, Riddell will lead the bank’s engagement in the Kyrgyz...

15 May 2024

IFC details $150m financing for 4 projects

IFC has announced a $150 million commitment to four investment and advisory projects that will support economic development in Egypt and other parts of Africa in key...

15 May 2024
in
Manufacturing

EBRD funds customs and logistics centre in Syunik

EBRD is lending €10 million (about $10.8 million) to Armenia to finance the construction of a customs and logistics centre in the Syunik region. The bank will also...

15 May 2024

$2.2bn pledged for clean cooking in Africa

Over 60 countries, developments institutions and companies pledged a total of $2.2 billions to finance access to clean cooking solutions in Africa and reduce the...

15 May 2024
in
Social projects

EBRD grants $10m to Bank Arvand in Tajikistan

EBRD has granted two loans totalling up to $10 million to Bank Arvand, in order to help businesses and households in Tajikistan gain better access to green technologies...

15 May 2024
in
Climate finance

USDA invests in wood products to support healthy forests

The US Department of Agriculture’s Forest Service is investing nearly $74 million to spark innovation, create new markets for wood products and renewable wood...

15 May 2024
in
Finance and other

ADB prices $3.5bn global benchmark

ADB has priced a global benchmark US dollar bond, generating $3.5 billion in proceeds that will contribute to ADB's ordinary capital resources.The two-year bond...

15 May 2024
in
Renewable energy

Yildirim plans 109MW solar project in Kosovo

Yildirim Energy - the energy supply, trading and production subsidiary of Yildirim Group - is entering Kosovo’s renewables market and has announced a 109MW solar...

15 May 2024

MIGA covers €114m loan to NBU

Standard Chartered and MIGA have provided a financing package of €114 million ($123.3 million) for the National Bank for Foreign Economic Activity of Uzbekistan...

15 May 2024
in
Finance and other

JICA, OECD partner on economic and social development

JICA and OECD have reaffirmed their commitment to collaboration in the field of development by signing a Memorandum of Cooperation. The aim of the MoC is to drive...

15 May 2024
in
Traditional energy

NIB funds Norwegian dam, hydropower station rehabilitation

NIB has signed a loan agreement with Norwegian renewable energy company Hafslund to rehabilitate dams and hydropower stations. The total loan volume of NOK1 billion...