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Collingwood joins Finverity

Finverity, the mid-market supply chain finance platform with a focus on emerging markets, has made Alex Collingwood head of corporate sales and origination

IDB launches sustainable development bond

The Inter-American Development Bank (IDB) has priced a 7-year, fixed-rate global sustainable development bond.

TotalEnergies signs debt for Dubai solar portfolio

French energy giant TotalEnergies has signed with two lenders a $34 million debt package for a 50MW solar portfolio in Dubai – it will supply energy to I&C customers

AIIB loans $100m to Rwanda recovery

The Asian Infrastructure Investment Bank (AIIB) has given a significant boost to efforts by the Government of Rwanda to increase access to finance for businesses affected by the Covid-19 pandemic and build post-pandemic economic resilience

EIB backs Romanian transmission

The European Investment Bank today formally agreed a new €120 million ($142m) loan with Distribuție Energie Electrică Romania (DEER), the electricity distribution subsidiary of the Electrica Group

Lithuanian wind farm refi closes

E Energija and GE Energy Financial Services have reached financial close on the refinancing of the 68.9MW Telšiai onshore wind farm in Lithuania

Sri Lanka RLNG finds a friend

New Fortress Energy signed an MoU with a Sri Lankan company to develop an under-construction power plant near Colombo.

Kountable takes lead on TF ESG

Kountable has been involved in impact investing since 2015, addressing international digital supply chains focused on health equity and financial inclusion and global entrepreneurs' lack of access to institutional investor capital

Norwegian software co ships TF update

Norwegian software vendor Commercial Banking Applications (CBA), has shipped the latest annual release of its IBAS GBF (Global Banking Factory) software to all customers more than 3 months ahead of schedule

Japanese banks lend on Saudi power grid

Japanese banks led by the JBIC have signed with the SEC a $500 million loan for the Kingdom’s national grid

IFC seeks advisory team on Douala Bus Rapid Transit PPP

The IFC has invited expressions of interest from consultancy firms for the legal, technical, and environmental advisory services on the $220 million Doula Bus Rapid Transit PPP project in Cameroon

Masdar targets December close for Uzbek solar

Uzbekistan's Ministry of Energy and Abu Dhabi Future Energy Company – better known as Masdar – signed project agreements to develop 2 solar farms totalling 440 MW in installed capacity

EIB mulls €700m loan to Spanish utility

Spanish utility Endesa is negotiating a €700 million loan from the European Investment Bank (EIB) to finance its wind and solar projects in Spain.

AfDB grant for West African solar programme

The AfDB has approved a $6 million grant for the initial phase of the Desert to Power West Africa Regional Energy Programme

IFC closes on Daystar Power loan

The IFC has signed with Africa-focused solar developer Daystar Power a $20 million debt package for its Lagos-based off-grid subsidiary Daybreak Power Solutions

Malaysia DFI issues first sustainable sukuk

Malaysia's Small Medium Enterprise Development Bank (SME Bank) has launched an M$3 billion ($716 million) sukuk wakalah to finance green and social projects under the Sustainable Development Goals

AIIB is GIF’s newest partner

Asian Infrastructure Investment Bank (AIIB) is now a technical partner of the Global Infrastructure Facility (GIF), a G20 initiative

ADB shortlists Southeast Asia energy transition

Asian Development Bank (ADB) has shortlisted 7 bidders to conduct feasibility studies on Energy Transition Mechanism (ETM) – a funding vehicle to phase out coal-fired and scale up renewables in Southeast Asia.

Damkjaer takes role at AFC

Africa Finance Corporation has appointed to its board of directors Kirstine Damkjaer – the former chief executive of EKF, Denmark’s export credit agency

Bank duo finance Brazilian cogen plant

Two financial institutions have arranged a $100 million debt package to develop a cogeneration plant in Brazil owned by sugar and ethanol firm São Martinho