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News
01 July 2022
in
Waste and water

$250m funding for rural Benin drinking water project

The World Bank has agreed IDA additional financing of $250 million to enable Benin to continue its large-scale program to provide water access to rural communities.This...

News
01 July 2022
in
Climate finance

OPEC Fund finances rural development in Lesotho

OPEC Fund has become the largest supporter of a program that will create sustainable livelihoods in Lesotho with a $19 million loan. The Regeneration of Landscape...

News
01 July 2022

EDB agrees trade finance facility for Masdar data centre

The Emirates Development Bank has approved a trade finance facility to JLW Middle East to design, build and handover a 60MW data centre - with a day 1 capacity of 31.8MW...

News
01 July 2022

Afreximbank renews $1bn facility

Afreximbank has renewed its approval of a $1 billion facility to operationalise the African Continental Free Trade Agreement (AfCFTA) Adjustment Funds. It also approved a...

News
01 July 2022

NIB signs loan for 146MW onshore wind farm in northern Sweden

NIB has agreed a €44 million (about $46 million) loan with Swedish Klev Wind, a special purpose vehicle owned by Renewable Power Capital and backed by the Canada...

News
01 July 2022

EBRD supports food security loan in Ukraine

The EBRD is boosting food security in Ukraine by backing more than half the risk of a revolving working capital loan for UAH330 million ($11.2 million) to Astarta Group,...

News
01 July 2022

Afreximbank welcomes Algeria as its 52nd Member State

Algeria has joined Afreximbank as a Member State. The move brings the membership of Afreximbank to 52 out of the 55 African Union member States. Algeria becomes a...

News
01 July 2022
in
Social infrastructure

World Bank supports affordable housing in Tamil Nadu

The World Bank has approved a $190 million loan to the southern Indian state of Tamil Nadu to address the housing needs of the lower-income groups and vulnerable...

News
01 July 2022
in
Renewable energy

IFC improves access to cleaner cooking fuel across Cameroon

To boost access to cleaner and more reliable cooking fuel in Cameroon, especially for the country's underserved rural households, IFC is partnering with BOCOM...

News
01 July 2022
in
Climate finance

IDB Invest supports nature-based tourism in LatAm

IDB Invest has extended a $23 million corporate loan to Explora Chile, a certified B-Corporation, to support the company’s regional growth and recovery from...

News
01 July 2022

EBRD offers new funds to Kazakhstan’s Bank CenterCredit

EBRD is providing new funds, creating growth opportunities and facilitating green lending in Kazakhstan by offering a financial package of $60 million to one of the...

News
01 July 2022

Martin Raiser is new World Bank VP for South Asia

The World Bank has appointed Martin Raiser, an economist and development expert with almost two decades of experience at the World Bank Group, as its new Vice President...

News
01 July 2022

NIB finances energy storage on Faroe Islands

NIB has signed a 15-year loan deal with Faroe Islandic power company SEV to finance the construction of a pumped hydroelectric energy storage system to allow for new...

News
01 July 2022

World Bank appoints new Country Manager for Thailand

The World Bank has appointed Fabrizio Zarcone as its new Country Manager for Thailand. He succeeds Birgit Hansl, after four years of heading the World Bank office in...

News
30 June 2022

EIB signs €200m Irish schools investment loan

The EIB has agreed a €200 million (about $208 million) loan to support investment in school buildings across Ireland.The 30-year loan is provided to the National...

News
30 June 2022

Mozambique issues RFPs for Mphanda Nkuwa hydropower

Mozambique has issued request for proposals (RFPs) to seven prequalified consortia for the 1.5GW Mphanda Nkuwa hydropower project. Financial close is a while away yet,...

News
30 June 2022
in
Renewable energy, Traditional energy

$515m World Bank loan boosts Bangladesh energy supply

The government of Bangladesh and the World Bank have signed a $515 million financing agreement to help nine million people get access to reliable electric supply while...

News
30 June 2022
in
Social projects

AfDB launches first ESG African frontier-currency bond

AfDB has launched a UGX19 billion ($5.07 million) two-year theme bond, the first African frontier currency-denominated ESG issuance by a multilateral development...

News
30 June 2022
in
Social projects

Egypt receives $500m for food and nutrition security

The World Bank has agreed a $500 million loan to bolster Egypt’s efforts to ensure that poor and vulnerable households have uninterrupted access to bread, to...

News
30 June 2022

New NAIF CEO Craig Doyle takes up role

Craig Doyle has started as the new Chief Executive Officer at the Northern Australia Infrastructure Facility. He will be based in Cairns.Doyle has extensive executive,...