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Tender out for PNG transport consultant

The Asian Development Bank (ADB) issued a tender on 21 May (2020) recruiting a consultant for preparation of a feasibility study and detailed engineering design for a package of three highway and port projects in Papua New Guinea

Resolute refinances Mako Gold Mine with revolver

Australian gold mine developer Resolute Mining has signed a $300 million loan facility with a club of six banks to refinance the debt on its majority owned Mako Gold Mine in eastern Senegal

VTB acquires grain terminal stake

VTB Group-owned Demetra Holding has acquired a 50% stake in the holding company of a deep-sea specialised grain terminal in Ukraine

AIIB mulls investment in new Asia fund

Asian Infrastructure Investment Bank (AIIB) is considering a commitment to the Keppel Asia Infrastructure Fund equivalent to 15% of its target size

EIB reviews Indian railway financing

European Investment Bank (EIB) is eyeing whether to finance a roughly Rs111 billion ($1.5 billion) railway project in northern India

Bangladesh’s largest ever ECA financing

Details have emerged on a debt package for an economically strategic plant some 50km northeast of the capital of Dhaka

IFC announces investment package to help TF

The IFC has announced an increased $8 billion package of fast-track financing to support private companies during the Covid-19, primarily through trade finance products

USTDA steps in on Kalahari’s CBM in Botswana

The US Trade and Development Agency (USTDA) has financed a feasibility study for Botswana-based power developer Kalahari Energy’s $400 million, 97MW coal bed methane (CBM) independent power project – located in the Central Kalahari Karoo Basin

African DFI fund reaches first close

The African Development Bank, the European Commission, KfW, the Clean Technology Fund, Norfund, and other investors have committed nearly $160 million to the first close of the Facility for Energy Inclusion (FEI)

DFI discloses approval for Afghan financing

A multilateral development bank has disclosed that it approved a loan to a gas-fired power plant project in north-central Afghanistan

KfW sets GET FiT schedule for Mozambique

KfW is preparing to launch its GET FiT renewable energy programme in Mozambique – consisting of solar PV and battery storage hybrid projects each with installed power capacities of 32MW supported by top up payments from the German DFI

AfDB approves funds for Namibian water sector

The African Development Bank (AfDB) has approved a $121.7 million loan and a €3 million ($3.4 million) grant for the government of Namibia’s five-year Water Sector Support Programme (WSPE)

US DFC approves $881 million in financing

The US International Development Finance Corporation (DFC) have approved $881 million in financing and political risk insurance for project around the world

AfDB to lend on next phase of Nigeria Electrification Project

The African Development Bank will sign with Nigeria’s Rural Electrification Agency (REA) a $200 million loan for the next phase of the Nigeria Electrification Project (NEP) – which will include 68MW of solar hybrid mini-grids

Sponsor soldiers on after Berkshire exits Québec LNG

GNL Québec is forging ahead with a funding round for its C$9 billion ($6.56 billion) Énergie Saguenay LNG export terminal after Berkshire Hathaway pulled out of a potential investment in the project

Exim Bank makes PF hire

The Export-Import Bank of the United States has bolstered its project finance division with a senior hire

ADB's new Pacific region lead starts

Leah Gutierrez has started at the Asian Development Bank in the position of director general for the Pacific department

DFIs to lend on Senegalese waste infra

The government of Senegal will sign a debt package with three DFIs for the $295 million Senegal Municipal Solid Waste Management (SWM) project, which spans several regions of the West African state