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14 May 2024

Melinda French Gates resigns from Gates Foundation

Melinda French Gates is resigning as a co-chair of the Bill & Melinda Gates Foundation. Her final day at the foundation will be June 7.  She started the...

14 May 2024
in
Social infrastructure

EIB funds Palma de Mallorca Airport upgrades

EIB and Aena have signed a €160 million ($173 million) loan to finance upgrades to the passenger terminal at Palma de Mallorca International Airport. Upgrades...

14 May 2024
in
Renewable energy

Photon Energy receives solar portfolio funding from EBRD

EBRD is lending €15 million (about $16.2 million) to renewable energy producer Photon Energy to support its activity in Romania and Poland.EBRD’s investment...

14 May 2024
in
Finance and other

EBRD appoints new impact and partnerships MD

Nadia Petkova has been appointed Managing Director, Impact and Partnerships at EBRD. The appointment will take effect in July 2024. In her new role, Petkova will be...

14 May 2024
in
Agriculture/food chain

Volcafe seals $60m coffee trade facility

IFC and Absa Group will provide a commodity trade finance facility of up to $60 million to green coffee merchant Volcafe to strengthen the company's operations in...

14 May 2024

IFC invests in new Sturgeon Capital fund

IFC will invest up to $5 million in Sturgeon Emerging Opportunities II, a new venture capital fund managed by Sturgeon Capital to promote digital economies and support...

14 May 2024

EBRD, EU partner with Acba bank for Armenian MSMEs

EBRD and the EU are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs.EBRD is providing a €25 million ($27 million) unfunded...

14 May 2024
in
Finance and other

JICA mandates JLMs for FILP bonds

JICA has enlisted a group of security companies to serve as joint lead managers for the upcoming 5-year Fiscal Investment and Loan Program (FILP) Agency Bonds. The bonds,...

14 May 2024
in
Agriculture/food chain

EBRD to finance Coca Cola in Mongolia

EBRD is to provide a long-term, sustainability-linked loan of up to $51.65 million to MCS Coca Cola in Mongolia.EBRD financing will support MCS Coca Cola to: renew,...

14 May 2024
in
Social projects

EIB, MicroBank to provide €200m for microenterprises in Spain

EIB and MicroBank have signed a €100 million ($107.8 million) loan agreement to improve access to finance for microenterprises and self-employed individuals in Spain...

14 May 2024
in
Social projects

BII supports MSMEs and women-led businesses in Bangladesh

BII has provided a loan of $50 million to BRAC Bank in Bangladesh, which will support the growth of MSMEs and women-led businesses.BII's loan commitment will be...

14 May 2024

Norrsken VC closes second fund at €320m

Norrsken VC has announced the final close of its second fund, supporting entrepreneurs who are tackling the world’s greatest problems. The total fund size of...

14 May 2024

EBRD, EU and Japan boost residential energy-saving investments in Kosovo

EBRD is stepping up its support for green finance with new funds for Banka për Biznes in Kosovo.EBRD’s loan of up to €4 million under the Green Economy...

13 May 2024
in
IT and telecoms

QMC Telecom secures $115m funding

QMC Telecom International has closed two credit facilities totaling $115 million to support the company's 5G network infrastructure investments in Latin America.The...

13 May 2024

Golden Global Investment Bank to get ICD funding

Golden Global Investment Bank is set to receive a $20 million facility from ICD. The funds will be used to finance eligible private sector projects in Turkiye.A letter of...

13 May 2024

Sumitomo Corporation, Hankyu, and JICA collaborate on Manila LRT-1

Sumitomo Corporation and Hankyu Corporation, in partnership with JICA, have agreed to operate and maintain the Manila Light Rail Transit System Line 1 (LRT-1). As part of...

13 May 2024
in
Renewable energy

EBRD, WBIF finance floating PV plant in Albania

Albania has received funding for the development of a 12.9MW floating solar PV power plant at the reservoir of Vau i Dejes HPP.Financing is led by the EBRD through...

13 May 2024
in
Manufacturing

NIB funds TKM Grupp’s Estonian logistics centre

NIB and TKM Kinnisvara signed a 15-year investment loan of €16.1 million ($17.4 million) to finance the construction of a logistics centre in Maardu, Estonia....

13 May 2024

IFC supports MSMEs and trade in Egypt

Banque du Caire and IFC have joined forces to sign a financing agreement worth $100 million. This agreement is aimed at supporting the development of MSMEs in Egypt, with...

13 May 2024
in
Climate finance

IFC helps scale up green finance in Sri Lanka

IFC and the EU are partnering with the Commercial Bank of Ceylon to scale up green finance in Sri Lanka.The partnership, which is under EU's regional initiative...