Latest News

FC for two IFC-backed wind projects in Jordan

Korea's Daehan Wind Power and Saudi Arabian Abour Energy have reached financial close on their respective IFC-backed wind projects located in Tafila, Jordan

IFC signs green loan for Aditya Birla Finance

The International Finance Corporation (IFC) has signed off on a Rs10 billion ($136 million) green loan for Aditya Birla Finance, an Indian financial services company

KfW lends on Côte d'Ivoire solar PV

German development bank KfW has signed two contracts with Côte d'Ivoire’s Ministry of Economy and Finance for the financing of a 37.5MWp solar PV project in Boundiali

EBRD mulls loan for Kazakhstan gas pipeline

European Bank for Reconstruction and Development (EBRD) is considering a Tenge130 billion ($354 million) senior loan to Beineu-Shymkent Gas Pipeline (BSGP)

ADB and India sign north-eastern roads loan

The ADB and the government of India have signed a $150 million to fund road connectivity in northern West Bengal and north-eastern India

AfDB signs loan for Gabon water project

The African Development Bank (AfDB) has signed a €75.4 million ($85.6 million) loan to co-finance a €117.4 million ($135 million) water distribution project in Grand Libreville, Gabon

EIB mulls loan for Malawi road rehab

The European Investment Bank (EIB) is considering a €120 million ($134 million) loan for the €191 million rehabilitation of the M1 single carriageway in Malawi

Saudi Arabia denies solar plan cancellation

Saudi Arabia’s Public Investment Fund (PIF) has denied international press reports suggesting that its $200 billion solar collaboration with Japanese lenders SoftBank has been shelved

USTDA signs grant for Globeleq Zambia Wind

The US Trade and Development Agency (USTDA) has signed a $1.15 million grant with Globeleq to fund a feasibility study for a 100MW wind power plant in Muchinga Province, Zambia

BNDES provides $150m to wind farms in Brazil

Brazilian development bank BNDES has approved R619 million ($153.3 million) in financing for 13 wind farms located in the Rio Grande do Norte state, in the Northeast region of Brazil

FMO reaches $500m in local currency bonds

Dutch development bank FMO has now issued an additional $250 million in local currency bonds in 2018, taking the total it has raised via this financial product to $500 million

ADB to fund Tajikistan urban water services

The Asian Development Bank (ADB) has approved a $41 million grant to rehabilitate water supply and sanitation infrastructure in Dushanbe, Tajikstan’s capital

AfDB lends on Rwanda transmission

The African Development Bank (AfDB) has approved a $266 million loan for the government of Rwanda’s $3.3 billion Energy Sector Strategy Plan (EESP) to improve the country’s electricity transmission network

Bank ABC appoints new group head of corporates

Bahrain-based Bank ABC has named Amr El Nokaly as its new group head of corporates. He will be based at the bank’s headquarters in Bahrain

Deputy CEO of Ghana Eximbank resigns

Cynthia Pamela Addo has resigned from her position as deputy CEO of the Ghana Export-Import Bank to take up a position within Ghana’s judicial service

Olam international refinances revolver

Singapore-based global agri-business Olam International has closed on a $1.425 billion revolving credit facility which will refinance existing debt

ADB funds Nepal water upgrades

The Asian Development Bank (ADB) has approved a $130 million loan to improve Nepal’s water supply

AfDB approves loan for Eskom transmission

The African Development Bank (AfDB) has approved a R2.886 billion ($218 million) loan to South Africa’s power utility Eskom to fund the $255 million upgrade and expansion works of the country’s electricity transmission and distribution network