Latest News

EBRD and IFC to co-finance Armenian solar

The EBRD and IFC are to provide up to $ 41 million in long-term debt financing for the 55MW Masrik-1 Solar power plant in the municipality of Masrik, Armenia

ADB and MIGA sign new cooperation agreement

The Asian Development Bank and Multilateral Investment Guarantee Agency have signed a cooperation agreement to accelerate the use of their financial solutions for the private sector and PPPs

Eni appoints new chief upstream officer

Alessandor Puliti is to replace Antonia Vella as chief upstream officer at Italian multinational oil and gas company Eni in Rome

HitecVision spinning off Solveig Gas unit

Private equity fund HitecVision plans to turn its recently acquired Solveig Gas pipeline firm – which owns 25.6% of Gassled joint venture – into a separate oil and gas company

ADB reposts ad for Uzbekistan water services

The Asian Development Bank has re-advertised a request for expressions of interest (EOIs) from water sector experts to help on the transfer of services under PPP in four cities in Uzbekistan

Crowdz raises $5.5m in Series A funding round

Silicon-Valley startup Crowdz has raised $5.5 million through a Series A funding round for the development of a global blockchain-based invoice exchange

World Bank approves guarantees for Ethiopia’s REGREP

The World Bank has approved $10 million in international development association (IDA) guarantees for the first phase of Ethiopia's $200 million Renewable Energy Guarantee Programme (REGREP)

ICC: Regulations exacerbating trade finance gap

The International Chamber of Commerce (ICC) Banking Commission has called for “clarification and harmonisation” of regulations to close the trade finance gap in a whitepaper published today (28 May 2019)

IFC funds Mpatamanga hydro early-stage work

The IFC will provide up to $7.5 million to kick off early-stage work on the $600 million, 258MW Mpatamanga hydropower PPP on the Shire River in the Southern Region, Malawi

ADB to finance India rail track electrification

The Asian Development Bank (ADB) has signed on an agreement to provide $750 million in long-term financing to Indian Railway Finance Corporation (IRFC) to fund the Railways Track Electrification Project

EBRD invites consultancy bids for Lebanese solar

The European Bank for Reconstruction and Development (EBRD) has invited bids from consultancy firms to carry out a feasibility study of a planned 300-500MW solar PV project in the Tufail region of Lebanon

DFI funding for Bangladesh transmission

The Bangladesh Government will rely on DFI support and sovereign funding for the expansion of a transmission grid

ADB seeks consultant for Uzbekistan waste PPPs

Uzbekistan is conducting pilot PPP projects to overhaul solid waste management (SWM) systems in two cities with transaction adviser Asian Development Bank seeking an international consultant to conduct a pre-feasibility study