Latest News

ADB, Findev Canada sign pact for APAC investment

Asian Development Bank and FinDev Canada – a subsidiary of Export Development Canada – have entered into a formalised agreement to cooperate on sustainable and inclusive private sector investments that promote development in Asia and the Pacific regions

IFC proposes loan to Egyptian steel

The World Bank's International Finance Corporation has proposed a $25 million loan to Kandil Steel, a downstream flat steel value-add and re-rolling holding company in Egypt

CPI, Visor seek financing for Kazakh onshore wind

The consortium of China Power International and Kazakhstan-based Visor International DMCC is seeking debt financing from multilaterals for a greenfield wind power project in Kazakhstan

ADB to expand Singapore office

Asian Development Bank is expanding its Singapore office to have a wider presence in the Lion City and the Asia Pacific region

Finverity hires former Investec and Starling bank exec

Trade and supply chain finance startup Finverity has appointed Symmie Swil as head of operations in London following the company’s recently announced $5 million equity fundraise

South Africa boosts infra investment

South Africa's Minister of Public Works and Infrastructure said it plans to inject R903 billion into infrastructure projects in the medium term with a focus on PPPs

EXCLUSIVE Crete student dorm PPP nears FC

The University of Crete’s €160 million student accommodation PPP project will reach financial close by the end of July

ADB launches SME fund for frontier markets

Asian Development Bank has launched fund ADB Frontier to invest in small and medium-sized enterprises at frontier markets in Asia Pacific

Philippiness eyes ODA loans for expressway

Philippines' Department of Public Works and Highways is eyeing official development assistance for an expressway connecting the National Capital Region and Laguna de Bay

EBRD grants Greek loan to Fulgor

The European Bank for Reconstruction and Development has granted an €88 million loan to Greek submarine cable manufacturer Fulgor

ADB launches facility to accelerate climate finance

Asian Development Bank has launched the Innovative Finance Facility for Climate in Asia and the Pacific in a bid to meet its raised ambition of providing $100 billion from its own resources for climate change between 2019 and 2030

Leighton Asia wins Philippines rail contract

Construction contractor Leighton Asia – a part of the CIMIC Group – has secured a contract to build a section of the commuter railway project in the Philippines

Sonnedix inks ECA-backed PPA

Renewables developer Sonnedix has locked in a long-term power purchase agreement for the output of its 36MW solar plant in Spain under a first-of-its-kind guarantee-backed model

EIB backs data centre expansion

The EIB will back Swedish data centre firm Atea with a €50 million loan to fund R&D and capital investments in the Nordics and Baltics

ADB backs Uzbek wind project

Asian Development Bank has signed a $2 million loan agreement with JICA-funded Leading Asia’s Private Infrastructure Fund to support 2 wind power projects under development by Saudi Arabia's ACWA Power in southwest Uzbekistan

IFC backs Solomon Islands investment

The International Finance Corporation has announced the implementation of the Solomon Islands Tourism Investment Facilitation Project to attract more investors and strengthen tourism