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Sharjah approves water project, UAE

The emirate of Sharjah has approved the AED261 million ($71m) Al Mudina Tank project.

IFC promotes Ferozie to Africa head of PPP advisory

The International Finance Corporation has relocated Muneer Ferozie from the United Arab Emirates to Kenya to take a new role as regional head for transaction advisory in Sub-Saharan Africa

Standard Bank to sign renewables loan

Standard Bank of South Africa is set to sign a senior debt facility of $250 million to finance a portion of the South African lender’s renewable energy portfolio

IWS secures green loan from Nordics banks

Norwegian shipping company Integrated Wind Solutions has secured a €118.65 million green senior loan to expand its fleet

Gelex eyes Vietnam onshore wind divestment

Vietnamese electrical engineering equipment company Gelex plans to divest its 140MW operational onshore wind power portfolio to interested international investors

SBI raises $932m loan from JBIC

India's largest commercial bank State Bank of India has signed a ¥13.5 billion loan with the Japan Bank for International Cooperation (JBIC) to fund the development and operation of a city gas supply network

IFC appoints East Africa director

The International Finance Corporation has appointed Mary Porter Peschka as regional director for the East Africa region

IDB approves $800m hydro financing

The Inter-American Development Bank has approved a Conditional Credit Line for Investment Projects of up to $800 million to support the modernisation of the Salto Grande Binational Hydroelectric Complex, located in Argentina and Uruguay

EXCLUSIVE Impact fund to hit hard cap

An Africa-focused impact fund will exceed its target in a second closing which will take place before August, and hit its hard cap by the end of the year

Tanzania signs power grid debt

The government of Tanzania has signed with 3 lenders a $72.8 million debt package to finance a 166km overhead transmission line in the East African state’s Kagera region

Peruvian hospital PPPs formally awarded

Peruvian investment promotion agency ProInversión has formally awarded the $323 million Chimbote and Piura Hospital PPPs to IBT Health

Ghana, Afreximbank sign SGR agreement

Afreximbank and Ghana Railway Company have signed a pre-mandate letter for the project financing of a 299km SGR network in the West African state

UK clean tech provider secures CCS grant – details

UK renewable technology developer Compact Syngas Solutions has secured a £4 million grant from the UK’s Department for Energy Security and Net Zero to help fund a pilot to study the feasibility of retrofitting the company’s biogas plants with carbon capture technology

Eastcastle signs telecoms tower debt

Africa-focused mobile telecoms firm Eastcastle has signed an $80 million debt package with 3 lenders for its $208 million mobile network towers project in the Democratic Republic of the Congo

ADB, CEXIM to co-finance APAC private sector investments

Asian Development Bank has entered into a cooperation agreement with Export-Import Bank of China to foster collaboration and co-financing of private sector investments in the Asia and Pacific region

IFC mulls Maroc Telecom loan

The International Finance Corporation is considering a €375 million debt package for Rabat-based Maroc Telecom to support the latter’s telecommunications business across Africa

EIB set to lend on IDE’s Western Galilee desal

The European Investment Bank is expected to sign with Israeli infra developer IDE Technologies a €150 million loan for the €425 million Birkat Miriam desalination plant near Nahariya in Western Galilee, Israel

Vietnam proposes ambitious OSW plans

Vietnam's South Central Coast region wants to gear up its wind capacity by including up to 9.4GW wind power projects and transmission lines into the newly approved Power Development Plan 8