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News
26 April 2021

IsDB issues debut SOFR-linked Sukuk

The Islamic Development Bank has raised $400 million through its first-ever Secured Overnight Financing Rate-linked Sukuk in the global capital markets. The multilateral...

News
26 April 2021
in
Renewable energy, Traditional energy

DFC commits to net zero by 2040, raises climate-focused investments

The US International Development Finance Corporation (DFC) has unveiled a series of new climate-focused commitments, including a pledge to reach net zero emissions...

News
26 April 2021
in
Waste and water

DFC achieves first close of $100m loan to WaterEquity’s Global Access Fund

The US International Development Finance Corporation has funded the first $25 million tranche of its $100 million loan to WaterEquity’s Global Access Fund. The $150...

News
26 April 2021

AfDB approves proposal to clear Sudan's $413m arrears

The African Development Bank has approved a proposal for the clearance of about $413 million in arrears on loans owed by Sudan, marking a major milestone in the...

News
26 April 2021
in
Social infrastructure

ADB helps finance rollout of COVID-19 vaccines in the Pacific

The Asian Development Bank has approved $18.9 million in grants to help four developing member countries in the Pacific roll out safe and effective vaccines against the...

News
26 April 2021
in
Social infrastructure

$400m IDA financing supports Pakistan education, health investments

The World Bank has approved $400 million in financing from the International Development Association (IDA) to support Pakistan in accelerating investments in education...

News
23 April 2021

AFC issues $750m Eurobond at lowest yield

Africa Finance Corporation has issued a $750 million Eurobond at its lowest yield to date. The 2.875% 144a/ Reg S Notes, due 2028, were priced at 175 bps over US...

News
23 April 2021
in
IT and telecoms, Renewable energy, Social infrastructure, Traditional energy, Waste and water

European Investment Bank details €3.4bn new financings

The European Investment Bank has agreed €3.4 billion in new financing to help accelerate the shift towards renewable energy and sustainable transport, corporate...

News
23 April 2021

Record €5bn EIB engagement in Africa in 2020

The European Investment Bank provided €5 billion for new private and public investment across Africa in 2020. This represented the largest annual EIB engagement in...

News
23 April 2021

World Bank announces settlement with China First Metallurgical Group

The World Bank Group has announced the three-year conditional non-debarment of China First Metallurgical Group Co (CFMCC) in connection with a fraudulent practice under...

News
23 April 2021

African trade finance sees $5bn in portfolio outflows in Q1 2020

Constrained global financial conditions caused by Covid-19 have led to massive portfolio outflows from Africa, exceeding $5 billion in the first quarter of 2020, a new...

News
23 April 2021
in
Waste and water

World Bank finances Sri Lankan watersheds and water resources project

The Government of Sri Lanka and the World Bank have signed a $69.53 million credit agreement to improve dams and irrigation schemes covering 165,000 hectares of...

News
23 April 2021

Bulgarian Development Bank seeks antitrust nod to absorb BDB Factoring

The Bulgarian Development Bank (BDB) is seeking the approval of the competition regulator to absorb its fully-owned unit BDB Factoring.As a result of the transaction, BDB...

News
23 April 2021

ADB issues gender bonds in CAD, AUD

The Asian Development Bank launched back-to-back gender bonds this week with a C$750 million (around $596 million) seven-year bond in the Canadian dollar maple market,...

News
23 April 2021

CABEI opens office in Taiwan

The Central American Bank for Economic Integration (CABEI) is to open a Representative Office in Taiwan in June. The agreement was signed by CABEI Executive President,...

Perspective
22 April 2021

MIGA's Hoda Moustafa, Africa Regional Head, on successful solar power project models

Sam McManus at Uxolo Development Finance talks to Hoda Moustafa, Africa Regional Head at Multilateral Investment Guarantee Agency (MIGA) about successful solar power...

News
22 April 2021
in
Renewable energy

Egypt's 200MW Kom Ombo solar plant receives $114m financing

The European Bank for Reconstruction and Development, the OPEC Fund for International Development, the African Development Bank, the Green Climate Fund, and Arab Bank...

News
22 April 2021
in
Agriculture/food chain

DEG provides $40m to Chilean chicory processing firm BENEO

Germany's DEG is providing a long-term loan of $40 million for the expansion of chicory processing by the Chile's BENEO, a subsidiary of Germany-based...

News
22 April 2021

NIB reports big drop in new loans amid Covid-19 crisis

The Nordic Investment Bank has agreed a total of €256.8 million (€1,716.9 million in Q1, 2020) in new loans during the three-month period ending 31 March this...

News
22 April 2021

Hamilton Lane launches new fund focused on environmental and social impact

Private markets investment management firm Hamilton Lane has launched its Hamilton Lane Impact Fund II.Fund II will target investment opportunities with measurable...