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25 May 2018

Bancóldex issues $100m in bonds to finance small business projects

Colombian development bank Bancóldex has issued bonds with a value of around $100 million with the aim of financing small business projects. The market demand was...

25 May 2018

RDIF signs deal over methanol production plant in Ust-Luga

Russian Direct Investment Fund (RDIF), Japan's Marubeni Corporation, Baltic Gas Chemical Company and Invasta Capital have signed a trading and investment cooperation...

24 May 2018
in
Renewable energy

ADB finances first utility-scale solar PV plants in Indonesia

The Asian Development Bank (ADB) has announced a private sector financing package worth about $40 million to invest in Indonesia's first utility-scale solar...

24 May 2018
in
Traditional energy

World Bank/IBRD agree Lake Tuz Gas Storage loan

The World Bank, via the IBRD, has approved a $1 billion loan package for Turkey. Up to $600 million will be allocated to the Lake Tuz Gas Storage Expansion project...

24 May 2018

EIB agrees €136m loan for Ukraine's transmission infrastructure

The European Investment Bank (EIB) is lending €136 million to Ukraine's National Power Company Ukrenergo in support of an extensive modernisation programme of...

24 May 2018
in
Waste and water

USDA awards $256m to improve water and wastewater infrastructure

The U.S. Department of Agriculture (USDA) has announced loans and grants amounting to $256 million for improvement to water and wastewater infrastructure in...

24 May 2018

Zimbabwe becomes Africa Finance Corporation's 19th member

Zimbabwe has become the 19th member state of infrastructure development finance institution Africa Finance Corporation. AFC has already begun the process...

24 May 2018

Standard Chartered and AFC unite to boost trade finance in Africa

Pan-African infrastructure development finance institution Africa Finance Corporation (AFC) and Standard Chartered have launched a funded risk participation programme to...

24 May 2018
in
Waste and water

KfW finances Tunisian water desalination plant

German development bank KfW has signed an €82 million loan deal with Tunisia to finance a water desalination plant in the town of Zarat. The project is estimated...

24 May 2018

Verde Agritech hails major funding milestone with BNDES loan

Verde Agritech has sealed a debt financing deal for R$1.04 million with the Brazilian development bank BNDES to build a facility to produce its Super Greensand fertiliser...

24 May 2018

CDC, Standard Chartered agree $100m facility to Zimbabwe firms

CDC Group, the UK's development finance institution, and Standard Chartered have announced an investment facility that will lend up to $100 million to growing...

24 May 2018

JBIC and DBJ announce new presidents

Japan Bank for International Cooperation Vice President Tadashi Maeda has been promoted to the post of president. He will take charge of the lender after a general...

23 May 2018

Igor Shuvalov chosen to head Russia's VEB

Former Russian first deputy prime minister Igor Shuvalov has been selected to head state development bank VEB, sources said. Shuvalov will replace Sergei Gorkov, who has...

23 May 2018
in
Renewable energy

IFC to support PPP investment in Uzbekistan renewable energy

The International Finance Corporation has agreed to support Uzbekistan in the development of renewable energy through public-private partnership. The lender will...

23 May 2018

EBRD agrees $200m loan to upgrade Egypt's Suez refinery

The European Bank for Reconstruction and Development is providing a $200 million loan for major investments in energy efficiency and refurbishment of an oil refinery...

23 May 2018

AfDB and Korea launch Korea-Africa Energy Investment Facility

The Korean government and the African Development Bank (AfDB) have agreed to launch the Korea-Africa Energy Investment Facility (KEIF) to support the New Deal on Energy...

23 May 2018

Nepal to set up first Infrastructure Development Bank

Nepal is to set up its first Infrastructure Development Bank to support the country's mega infrastructure projects. It will officially begin operations within the...

23 May 2018

BSTDB and Ameriabank support SME lending in Armenia

The Black Sea Trade and Development Bank (BSTDB) and Yerevan-headquartered Ameriabank have signed a $15 million, five-year loan agreement to boost Armenian small and...

23 May 2018

Development Bank of Ethiopia President Nana resigns

Getahun Nana, president of the Development Bank of Ethiopia, has resigned. He has been at the lender for the past two years, moving from his former post as vice governor...

22 May 2018

AfDB and and UN link up to boost Africa cooperation

The African Development Bank (AfDB) and the UN Industrial Development Organisation (UNIDO) have signed a memorandum of understanding to step up collaboration to boost...