Feature
10 August 2022

Uxolo Development Finance Awards 2021: Pathfinders through the pandemic

In the first part of the inaugural Uxolo Awards we look at the best providers and financial engineering innovations in development finance in 2021. More

News
10 August 2022

Gulf Energy invests €75m in Lightrock Climate Impact Fund

Thailand's Gulf Energy Development will invest €75 million (about $77.3 million) in Lightrock Climate Impact Fund.LCI Fund is advised by Lightrock and has a fund life of approximately ten years and an investment period of five years, for which capital calls will be made gradually. LCI... More

News
10 August 2022

Balderton appoints first head of impact and sustainable future goals

Balderton Capital has appointed Elodie Broad, an experienced leader in corporate sustainability and sustainable finance, as its first Head of Impact and Sustainable Future Goals.Broad joins London-headquartered Balderton from Deloitte’s Sustainable Finance team where she oversaw ESG strategy,... More

Feature
02 August 2022

Which African sovereigns are most likely to default?

Since the start of the pandemic only two African countries have defaulted on their sovereign debt, in large part because of remedial action by multilaterals and DFIs. But the potential for default continues to grow. Robert Besseling, CEO of PANGEA-RISK, looks at possible African state default... More

News
10 August 2022

JICA mandates lead managers for FILP bonds

JICA has mandated lead managers for the ten-year Fiscal Investment and Loan Program Agency Bonds and the 20-year FILP Agency Bonds. The bonds are denominated in JPY without government guarantee and are scheduled to be launched in September 2022.For the ten-year FILP Agency Bonds, JICA mandated... More

News
10 August 2022

IDB Invest provides MXN1.5bn for housing in Mexico

IDB Invest is lending MXN1.5 billion ($74 million) to Inmobiliaria Ruba, a leading house developer in Mexico. The project aims to develop low-income and middle-income housing and tackle the housing lag estimated at 8.5 million homes.The deal consists of a comprehensive financial package involving a... More

News
10 August 2022

ADB, Japan, Ireland grant $5.25m to Vanuatu

ADB has signed a $3.5 million grant agreement with Vanuatu’s government to address the needs of poor and vulnerable groups affected by the Covid-19 pandemic and to reinforce community resilience to future external shocks.A further $1.5 million has been provided by the Japan Fund for Prosperous... More

News
10 August 2022

EIB funds electrification of Colle rental machinery

The Netherlands' Colle Rental & Sales has signed a €50 million loan agreement with the EIB. The Sittard-based company will use the financing for the further electrification of its rental fleet of specialised machinery for the construction sector and industry. The EIB investment... More

News
10 August 2022

EIB lends €92m framework for green energy SMEs in Austria

EIB is providing a framework loan of €92 million to UniCredit Bank Austria to support its goals of generating 100% renewable electricity by 2030. The initial loan will create a credit portfolio of €200 million which UniCredit will direct towards SMEs focused on renewables and energy... More

News
10 August 2022

EBRD, EU provide €3.5m for SMEs in Albania

EBRD is extending a €3 million loan and the EU is providing €450,000 in incentive grants to ProCredit Bank in Albania. The financial package aims to improve the availability of funding for SMEs by providing the opportunity for upgrades or extensions of their productive facilities.... More

News
10 August 2022

EPAP III receives €4m grant from EU

The EU has agreed to grant €4 million to Egypt's Ministry of Environment to finance the third phase of the Industrial Pollution Abatement Programme (EPAP). The overall cost of the project is $148 million, with the rest of the funding being sourced from EIB, AFD, and KfW. EPAP III will... More

Data and research
29 May 2022

Development finance 2021 data report

Our second report since Uxolo's launch, this report serves as a unique snapshot of development lender activity in the last calendar year,...

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Event
Oct 11, 2022

Uxolo Global 2022: Development & Impact Finance

Hybrid Event: The Hague & On Demand

Netherlands

Unite with the development and impact finance communities at this flagship event in The Hague, Netherlands, for a day of networking and thought leadership discussions!

Full details
News
09 August 2022

InfraCo Africa invests $43m in climate-focused fund

InfraCo Africa has signed a $43 million anchor investment into Climate, Energy Access and Resilience (CLEAR), a climate-focused fund advised by Helios Investment Partners.The design of the CLEAR Fund was refined and realised by PIDG and InfraCo Africa through the Foreign, Commonwealth and... More

News
09 August 2022

Cameroon launches call for tenders for Benue River project

Cameroon's government is launching a call for expressions of interest as part of the project to develop the Benue River, a watercourse located in the north of the country.The call for EOI is open until October 5, with the winning company signing a contract for the rehabilitation and development... More

News
09 August 2022

New AfDB role for Alex Mubiru

AfDB has appointed Dr Alex Mubiru as Director General, Cabinet Office of the President, with effect from 16 August.He brings almost 25 years of experience with track record in the various positions he has held at the AfDB as well as elsewhere.Prior to his appointment, he has been Acting Director... More

News
09 August 2022

Bancoagricola receives $70m more from IFC for MSMEs

Bancoagricola has increased its financing to MSMEs led by women and climate-smart investments by 30%. The increase has been achieved through its partnership with the IFC who delivered an initial financial package of $282.5 million in grants, which also included own account funds, in 2020. The... More

News
09 August 2022

AltaSea launches first funds, totalling $600m

AltaSea, a marine research centre and ‘blue economy’ incubator based in California, is preparing to launch two new investment funds totalling $600 million. One of the funds will be a $100 million venture capital fund aimed at ocean-focused companies emerging from AltaSea’s... More

News
09 August 2022

World Bank commits further $4.5bn for Ukraine

The World Bank has announced $4.5 billion in additional grant financing will be mobilised for Ukraine under the PEACE Project. The additional grant plans to sustain the Ukrainian government’s administrative and service delivery capacity at national and regional levels, such as by covering... More

News
09 August 2022

IDCOL secures $80m loan from KfW for renewables project

Bangladesh’s Infrastructure Development Co. (IDCOL) has secured an $80 million loan from KfW for ‘Renewable Energy Programme II’ which plans to support the installation of solar panels and solar irrigation pumps in companies. The project already has backing from the World Bank,... More

News
09 August 2022

Russia plans to withdraw majority stake of Eurasian Development Bank

Russia is planning to give up its majority stake in the Eurasian Development Bank (EDB), which was originally formed by six formerly Soviet states, in order to promote economic integration. Russia hopes to reduce the risk to the lender of targeted sanctions, according to three people with... More