The Asian Infrastructure Investment Bank has approved the application of Nigeria to join the bank. AIIB now has 11 members and nine prospective members from Africa....
The Eurasian Development Bank (EDB), together with other arranging banks, successfully listed Russia-base State Transport Leasing Company’s (GTLK) seven-year...
French company Africa Ren is launching the construction of the Kodeni Solar photovoltaic power plant in Burkina Faso. The plant, which will come on stream in 2022, will...
The Asian Development Bank has approved the release of $32 million in loan and grant funding in ADB’s second tourism project to enhance and diversify sustainable...
The Eastern and Southern African Trade and Development Bank (TDB) and the Islamic Corporation for the Development of the Private Sector (ICD) have signed a Memorandum of...
The Asian Infrastructure Investment Bank is to align its operations with the goals of the Paris Agreement by July 1, 2023. The bank currently estimates its cumulative...
Standard Bank Group, Citi, CDC Group, and Norfund have partnered to provide a $75 million equivalent KES denominated Sustainable Finance Facility for off-grid solar home...
German development bank KfW has agreed a €120 million (about $139.4 million) loan with Bangladesh for the Modernization of Power Distribution- Smart Grids Phase I...
The Asian Development Bank has signed a $251 million loan with the government of India for climate-resilient, integrated urban flood protection and management in the...
The innovation lab for the Inter-American Development Bank Group, IDB Lab, has announced a $4 million investment commitment, along with an additional technical...
New investments by companies across Rwanda most impacted by COVID-19 will be supported with €95 million of new financing backed by the European Investment Bank. The...
Algeria has become the 73rd shareholder of the European Bank for Reconstruction and Development by completing the membership process. The country applied for EBRD...
From a lack of common understanding, systematic metrics to evaluate impact to opacity in data, MDBs and DFIs weigh in on the challenges of structuring a blended finance...
The US International Development Finance Corporation and Indian pharmaceutical group Biological E have finalised a $50 million deal to expand the company’s capacity...
The Japan International Cooperation Agency has signed a loan agreement with the government of Cambodia in Phnom Penh, to provide an ODA loan of up to JPY6,336 million for...
The ECOWAS Bank for Investment and Development (EBID) has approved about $68.1 million for the funding of public and private sector projects.Among the projects approved...
The Nordic Investment Bank and the Finnish airport company Finavia Corp have signed a 15-year loan agreement of €25 million to finance the fourth and final phase of...
The African Development Bank has agreed an additional loan of €18 million to the Office National de l'Electricité et de l'Eau Potable in Morocco for...
The European Investment Bank is providing a €45 million ($52.3 million) loan to part-finance Spanish pharmaceutical company HIPRA's investments, working capital...
US-based Tetra Tech has won a five-year contract in Tanzania to strengthen water and sanitation services. The US Agency for International Development (USAID) will provide...