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USDOT announces port grants

The US Department of Transportation will award $220 million in funding to improve port facilities in 15 states via the Maritime Administration’s Port Infrastructure Development Program

Advisory team sought for Senegalese dark fibre

The government of Senegal and the IFC have invited consultancy firms to express any interest for the advisory services for a dark fibre network project in the West African state

Multilateral eyes the mirror … what does it see?

Asian Development Bank needs to change to continue to be relevant to the needs of the region, notes an internal performance review released today

EIB funding for Austrian Powertrain

The European Investment Bank has today extended a €50 million loan to AVL – a leading Austrian engineering company in the automotive sector

IFC to lend on Meridiam’s Gabonese hydro IPP

The IFC is set to lend up to $64 million in senior and concessional loans for the €175 million, 34.5MW Kinguélé Aval hydropower project on the River Mbé in northwest Gabon

Myanmar to acquire stake in Shweli 3 hydropower

Myanmar’s Ministry of Electricity and Energy is planning to acquire shares in the 671MW Shweli 3 hydropower project in Meomeik, Shan State

Ekué appointed president of BOAD

Sani Yana, the chairman of the West African Monetary Union council of ministers has announced the appointment of Serge Ekué as the new president of BOAD

New legal advisory sought for Mpatamanga hydro

The government of Malawi has – per the World Bank’s procurement protocol – invited expressions of interest from consultancy firms for the re-mandated legal advisory services of the $600 million, 350MW Mpatamanga hydropower project

Colombia embraces DFC

International Development Finance Corporation (DFC) chief executive Adam Boehler and National Security Advisor Robert C O’Brien joined Colombian President Iván Duque this week to launch the US-Colombia Growth Initiative

IFC backs Azerbaijan innovation

The IFC has signed an agreement with the Central Bank of Azerbaijan to launch digital payments in the nation as part of its efforts to boost economic activity

Dutch gov. to fund new hire at EBRD

The Dutch government yesterday (17 August 2020) agreed to fund a consultancy position for SI3P Policy Unit within the within the EBRD Sustainable Infrastructure Group

Peder Lundquist joins EKF

Peder Lundquist has been appointed deputy chief executive and chief operating officer at Danish export credit agency (ECA) Eksport Kredit Fonden (EKF) – responsible for the organisational and strategic development of the company

The new BNDES, a one-stop-shop

Brazilian development bank BNDES has been trying to reposition itself over the last 12 months, the timeframe of its new administration. Traditionally seen as a major competitor by commercial national and international debt providers, the institution is making an effort to be more than just a lender. It aims to become a one-stop-shop for developing Brazil’s infrastructure, a sector seen as critical

EIB funding for German smart charging tech

The European Investment Bank has, today, approved a €15 million loan to go to a Munich-based technology company which is developing a smart charging technology for electric cars

Envoy welcomes an experienced trio

Envoy Group has named 3 new advisers as it nears the pilot phase for its trade finance platform and the launch of the NVOY token

DBSA to manage South African infra fund

The DBSA has signed with South Africa’s National Treasury and the Department of Public Works and Infrastructure an MoU for the establishment of an $5.7 million infrastructure fund for viability gap funding

AFD signs loan for TDB

The AFD has signed with the Eastern and Southern African Trade and Development Bank a $150 million loan to support the African DFI’s project financing of energy and infra projects on the continent

Mainstream nears financial close for Huemul

Irish developer Mainstream Renewable Power is nearing financial close for the second phase of its 1.3GW Andes Renovables portfolio in Chile, which is penciled for this month

New FC target for DEWA V

An ACWA Power-led consortium has set a new target for financial close on its $570 million, 900MW fifth phase of the Mohammed Bin Rashid Al-Maktoum solar park

Financial close nears for Uzbek solar IPP

Development finance institutions are targeting the same timeframe to approve financing of a solar energy project in Uzbekistan