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News
10 April 2024
in
Mining

Blencowe unlocks further DFC funding for Orom-Cross

Blencowe Resources has confirmed receipt of a third tranche of funding of $1 million from DFC.DFC in September last year granted financing of $5 million to London-listed...

News
10 April 2024
in
Social projects

EIB supports Moldovan SMEs

EIB has signed two key agreements with maib, consisting of a €50 million ($54.3 million) loan and a risk-sharing instrument, supported by the EU, which will unlock...

News
10 April 2024
in
Finance and other

AfDB seeks senior PPP consultant for infrastructure projects

AfDB has issued a call for EOI from individual consultants for the role of Senior Public-Private Partnership Consultant.The consultant will support the bank's work in...

News
10 April 2024
in
Finance and other

Bangladesh Development Bank awaits merger with Sonali Bank

State-owned Bangladesh Development Bank is going to be merged with Sonali Bank following the merger of privately operated Padma Bank and Exim Bank.The boards of directors...

News
10 April 2024
in
Social projects

EIB, Erste join forces to provide additional lending to SMEs in Austria

EIB has partnered with Erste Bank in Austria to provide a guarantee for a €49 million ($53.2 million) mezzanine tranche of a synthetic securitisation transaction....

News
10 April 2024
in
Finance and other

World Bank unveils new approach to measuring impact

The World Bank is developing a new corporate scorecard that will track results across 22 indicators - a fraction of the previous 150 - to provide a streamlined, clear...

News
10 April 2024
in
Finance and other

Ousmane Fall returns to AfDB in new role

AfDB has appointed Ousmane Fall as Acting Director of the Industrial and Trade Development Department. Fall will continue in his current role as Director of Non-Sovereign...

News
10 April 2024
in
Social projects

EBRD provides risk-sharing facility to Ukrgasbank

EBRD has provided a €12.5 million ($13.5 million) risk-sharing facility to Ukrgasbank. This will unlock €50 million ($54.3 millio) in new financing for...

News
10 April 2024
in
Social projects

EBRD partners with Oschadbank to unlock €200m for Ukraine's private sector

EBRD has signed an agreement with Oschadbank to provide a €50 million ($54.3 million) unfunded portfolio risk-sharing facility. This arrangement is expected to...

News
10 April 2024
in
Agriculture/food chain

ADB passes halfway mark in $14bn food security commitment

ADB is on schedule to deliver its commitment to invest $14 billion by 2025 to improve food security and support measures to ease the food crisis in Asia and the...

News
09 April 2024
in
Manufacturing

Fidelity holds first close for LOGICs fund

Fidelity International has launched its second real estate climate impact fund, raising €200 million ($217 million) during its first close.The Fidelity Real Estate...

News
09 April 2024
in
Social infrastructure

Two Colombia highway projects reach financial close

KMA Construcciones and Grupo Ortiz have achieved a financial close for the concessions of two 5G highways in Colombia: Autopista Magdalena Medio (Troncal del Magdalena 1)...

News
09 April 2024
in
Agriculture/food chain

Vietnam seeks World Bank funding for high-quality rice project

Vietnam is looking for a VND9 trillion ($360 million) loan from the World Bank to fund a $470 million plan to cultivate one million hectares of high-quality rice.The...

News
09 April 2024
in
Traditional energy

Globeleq's Red Sands awarded preferred bidder status

Globeleq's Red Sands project, in the Northern Cape, has been awarded preferred bidder status in South Africa's Energy Storage Capacity Independent Power Producer...

News
09 April 2024
in
Renewable energy

IFC, BNPP Poland launch SRT transaction to increase climate finance in Poland

IFC and BNPP Poland have announced a new Synthetic Significant Risk Transfer transaction, which will help increase sustainable finance for renewable energy, water...

News
09 April 2024

Nigeria to receive $1.05bn loan to boost economy and foreign-exchange market

The Nigerian government is set to obtain a syndicated loan worth $1.05 billion by the end of May. The loan, backed by oil, aims to revive the Nigerian economy and improve...

News
09 April 2024
in
Finance and other

AFC says 2023 was its most impactful year

AFC has experienced its most impactful year yet, despite global challenges in 2023. The group successfully expanded projects and investments across various sectors...

News
09 April 2024

Global Infrastructure Hub to join the World Bank

Global Infrastructure Hub is joining the World Bank’s Infrastructure Practice Group as an associated trust fund to the Public Private Infrastructure Advisory...

News
08 April 2024
in
Finance and other, Traditional energy

MIGA guarantees Konexa project in Nigeria

The World Bank Group’s Multilateral Investment Guarantee Agency (MIGA) has issued a $16.29 million guarantee to Konexa Power Holdings PCC of Mauritius.The guarantee...

News
08 April 2024

IFC urged to end support for factory farming

A coalition of environmental and animal welfare groups is urging the World Bank to discontinue its financial support for large-scale industrial livestock operations,...