Latest News

EIB supports Morocco road upgrade

The European Investment Bank has signed an €80 million loan with the Société Nationale des Autoroutes du Maroc to upgrade the Casablanca-Berrechid road

Japan boosts Uzbek telecoms with export credit

Two Japanese financial institutions and the Uzbek export-import bank signed this week a $70.56 million export credit line agreement to support the development of a nationwide data communication system in the Central Asian market

Siemens buys into Greenko’s Poovani wind farm

Siemens Financial Services has signed an agreement to take a 46% equity stake in Indian developer Greenko’s 200MW Poovani wind farm in Tamil Nadu

Klein named as LC Lite head of funding

Former JP Morgan banker Duncan Klein has joined the board of LC LITE, the recently launched blockchain-based platform for letter of credit, and been named its head of funding

ADB issues record tenor Komodo bond

Asian Development Bank announced today that it has issued $84.1 million in offshore Indonesian rupiah-linked bonds – the fourth time the multilateral development bank has tapped the debt capital markets this year

Insolvent contractor removed from DFI-backed Tanahu hydro

The Nepal Electricity Authority-owned project company Tanahu Hydropower has terminated a contract with CMC Ravenna for the hydropower project in Nepal, after the Italian company became insolvent

JICA signs loan for Colombo LRT

Sri Lanka has signed a $269.8 million loan agreement with Japan International Cooperation Agency to develop a light rail transit system in the capital city

Financial close on AFC bridge loan for Singrobo hydro

Ivoire Hydro Energy has reached financial close on a €149.6 million bridge loan facility provided by the AFC, paving the way for construction to start on the 44MW Singrobo-Ahouaty hydropower project on the Bandama River in Côte d’Ivoire

ADB seeks advisers on Myanmar road concessions

Asian Development Bank issued over the weekend a request for expressions of interest from law firms to assist Myanmar’s Ministry of Construction on improving four brownfield road concessions, including the Yangon-Pathein toll road

KfW extends loan programme to German start-ups

State-owned development bank KfW has announced that it will start offering German start-up companies promotional loans from July 2019

BADEA supports Rwanda electrification

The Arab Bank for Economic Development in Africa (BADEA) has signed a $20 million loan with the government of Rwanda in support of a rural electrification project

Winner for JICA-backed Manila LRT extension

The Philippines’ Department of Transportation has awarded Marubeni and Makati City-based engineering firm DM Consunji a $62 million contract on the electrical and mechanical package for the $182 million Manila LRT Line 2 east extension project

AES Corp to sell stakes in Jordan power assets

Qatari energy developer Nebras Power and Japan's Mitsui & Co are to acquire AES Corp's shareholdings in three Jordanian power projects with a combined installed capacity of 783MW

OPIC backs Chad off-grid solar project

OPIC and FinLux Ellen have signed a $10 million loan for a $15.4 million off-grid solar project in Chad

Eswatini joins Afreximbank

Eswatini (formerly Swaziland) has become the 51st country to join the African Export-Import Bank (Afreximbank) as either a shareholder or participating state

Bunge increases receivables facility

Stamford-based financial services firm Finacity has announced today (6 March 2019) that it has assisted American agribusiness Bunge to increase its non-recourse trade account receivables funding programme