World Bank has appointed Hugh Riddell as Country Manager for the Kyrgyz Republic. Based in Bishkek, Riddell will lead the bank’s engagement in the Kyrgyz Republic, which includes policy dialogue with government officials, civil society, the private sector, and development partners, as... More

IFC announced a $150 million commitment to four investment and advisory projects that will support economic development in Egypt and other parts of Africa in key sectors including healthcare, trade, and finance. The four projects are: An advisory program with Egypt's Universal Healthcare... More

NIB has signed a loan agreement with Norwegian renewable energy company Hafslund to rehabilitate dams and hydropower stations. The total loan volume of NOK1 billion (almost $93 million) is split between two equally sized tranches, with tenors of ten and eight years respectively. The loan will... More

Melinda French Gates is resigning as a co-chair of the Bill & Melinda Gates Foundation. Her final day at the foundation will be June 7.  She started the foundation in 2000 with her then-husband Bill Gates. The Gates Foundation is among the most powerful groups in public health, with an... More

EIB and Aena have signed a €160 million ($173 million) loan to finance upgrades to the passenger terminal at Palma de Mallorca International Airport. Upgrades will include optimised commercial and passenger management areas, improvements to terminal facilities such as electricity, air... More

EBRD is lending €15 million (about $16.2 million) to renewable energy producer Photon Energy to support its activity in Romania and Poland.EBRD’s investment will enable Photon to complete the construction of a portfolio of six solar parks in Romania with a total installed capacity of... More

Nadia Petkova has been appointed Managing Director, Impact and Partnerships at EBRD. The appointment will take effect in July 2024. In her new role, Petkova will be advising the president and senior management on the measurement of transition results and transition impact. Her team, part of the... More

IFC and Absa Group will provide a commodity trade finance facility of up to $60 million to green coffee merchant Volcafe to strengthen the company's operations in East Africa.The financing will provide working capital to facilitate the purchase of coffee cherries – the fruit from which... More

IFC will invest up to $5 million in Sturgeon Emerging Opportunities II, a new venture capital fund managed by Sturgeon Capital to promote digital economies and support the growth of early-stage tech startups in Central Asia.Sturgeon Emerging Opportunities Fund II will focus on startups in areas such... More

EBRD and the EU are joining forces with Acba bank to boost the availability of funding for Armenian MSMEs.EBRD is providing a €25 million ($27 million) unfunded risk-sharing instrument to one of Armenia’s leading banks to unlock new financing for local firms. This guarantee will cover up... More

JICA has enlisted a group of security companies to serve as joint lead managers for the upcoming 5-year Fiscal Investment and Loan Program (FILP) Agency Bonds. The bonds, denominated in yen and without government guarantee, are set to be launched in June 2024.The designated joint lead managers... More

EBRD is to provide a long-term, sustainability-linked loan of up to $51.65 million to MCS Coca Cola in Mongolia.EBRD financing will support MCS Coca Cola to: renew, expand and modernise some of its production equipment and facilities, and realign its capital structure by refinancing financial debt... More

EIB and MicroBank have signed a €100 million ($107.8 million) loan agreement to improve access to finance for microenterprises and self-employed individuals in Spain who want to start or expand their businesses. With this loan, MicroBank will make a total of €200 million ($215.6 million)... More

BII has provided a loan of $50 million to BRAC Bank in Bangladesh, which will support the growth of MSMEs and women-led businesses.BII's loan commitment will be divided equally, with half directed towards MSMEs and the other half targeting women entrepreneurs who meet the 2X criteria. The loan... More

Norrsken VC has announced the final close of its second fund, supporting entrepreneurs who are tackling the world’s greatest problems. The total fund size of €320 million ($345 million)  – surpassing the original target of 250 million – is backed by Folksam, AP1 and... More

EBRD is stepping up its support for green finance with new funds for Banka për Biznes in Kosovo.EBRD’s loan of up to €4 million under the Green Economy Financing Facility will boost energy-efficiency investments for homeowners, housing collectives, producers and service providers.... More

QMC Telecom International has closed two credit facilities totaling $115 million to support the company's 5G network infrastructure investments in Latin America.The first credit agreement, a four-year $50 million loan, was delivered by Deutsche Bank to provide additional liquidity for growth... More