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AES issues bond for Argentine wind to bridge DFI debt

AES Argentina Generación, AES Corp's local subsidiary, has issued a $48.4 million, short-term corporate bond to finance a wind project in the country, amid a standstill in commercial bank lending

Stenn doubles credit capacity with M&G deal

Stenn International, a UK-based trade finance provider, has closed on an upsizing of its asset-backed financing programme with M&G Investments

AfDB approves loan for Burkinabe solar PV

The African Development Bank has approved a €48.82 million loan for the €136.69 million Desert to Power Yeleen solar programme in Burkina Faso

IsDB lists debut green sukuk

The Islamic Development Bank has listed a €1 billion green sukuk on the Nasdaq Dubai – the proceeds of which will be funnelled into climate change and green projects in the bank's 57 member states

Kuwait Fund lends on Bahraini transmission

The Kuwait Fund for Arab Economic Development has signed a $97.1 million loan with the government of Bahrain for its 400kV transmission development project

El Sewedy to build solar hybrid in South Sudan

Egypt's El Sewedy Electric has signed the EPC contract with South Sudan’s Ministry of Energy and Dams for a $45 million, 20MW solar PV and energy storage project

AFC to invest in Eritrea-focused miner Danakali

The Africa Finance Corporation has agreed to make a $50 million equity investment in Danakali, the Australian mining company developing the Colluli potash mine in Eritrea alongside state-owned Eritrean Mining Company

ADB, GuarantCo co-finance Kacific Broadband satellite

Kacific Broadband Satellites International has reached financial close on a $50 million project to provide affordable satellite-based, high-speed broadband internet access to Asia Pacific markets

Africa50 completes investment into Ghanaian IPP

Infrastructure investment platform Africa50 has completed an equity investment into US-based power developer Genser Energy's Ghanaian independent power producer

K-Sure to cover ADNOC debt package

ADNOC has signed with K-Sure a memorandum of understanding to cover a $3 billion debt package to support its overseas energy and infrastructure projects over the next three years

Eranove nears financial close on DFI-backed Togo gas-fired

Africa-focused power and water developer Eranove is nearing financial close on the $138 million, 65MW Kékéli combined-cycle gas turbine project in Togo – with a significant portion of the debt signed in local currency, a rarity for the region

AFC issues infrastructure bond

The Africa Finance Corporation has issued a Swfr200 million Reg S Only bond on the Swiss Stock Exchange – its second Swiss franc bond

Nordic Investment Bank finances Norwegian hydro

Nordic Investment Bank has agreed to provide a €30 million loan to Norwegian power company Sogn og Fjordane Energi for the construction of a new 47MW hydropower plant in Østerbø, Norway

Gridworks completes first investment

Africa-focused power grid developer and investor Gridworks has completed its first transaction – a R106.7 million equity investment in South African renewables company Mettle Solar Investments

AfDB supports Nigerian national grid

The African Development Bank has approved a $210 million loan package for the government of Nigeria to fund the Nigeria Transmission Expansion Project – part of the $1.6 billion Transmission Rehabilitation and Expansion Programme

Asakawa elected as ADB president

The Asian Development Bank’s board of governors has elected Masatsugu Asakawa as the new president of the Manila-based multilateral bank

Construction starts on InfraCo Asia-backed Myanmar rural microgrid

Singapore-based InfraCo Asia, French utility EDF and local microgrids developer SolaRiseSys have launched construction for a pilot rural electrification project in Myanmar – the Kha Laing Microgrid

EIB approves loan for Ugandan off-grid solar

The European Investment Bank has approved of a $12 million loan for Fenix International’s $25 million roll-out of off-grid solar home systems in Uganda