Acre Impact Capital has announced the first closing of its Export Finance Fund I, with commitments of $100 million.The fund, which has a target size of $300 million, has attracted a diverse group of investors including institutional investors, DFIs, family offices and impact-first investors such as... More

EBRD has agreed a €15 million loan to Feka Automotive, a Serbia-based producer of automotive lighting. Feka, which has supply contracts with the likes of Toyota, VW and Stellantis, will use the funds to improve its overall efficiency and increase the availability of reliable lighting... More

Qair has closed financing for the construction and operation of two 10MW greenfield solar plants, located in Feriana town, in Tunisia’s Kasserine Governorate.The financing was approved by the European Bank for Reconstruction and Development (EBRD) with a total provision of €7.8 million... More

EIB is granting a loan of €400 million (about $426 million) to expand municipal power grids in the German federal state of Thuringia. The co-financed EIB project totalling around €600 million to municipal energy supplier Thuringer Energie AG will upgrade and expand the grid in rural areas... More

IDB and Paraguay have signed a $60 million loan to strengthen health services in the San Estanislao district, north of the Eastern Region of the country. The loan will finance the design, construction, equipment, and commissioning of the San Estanislao General Hospital. The hospital will have... More

DFC and IDB Invest have launched a new co-financing framework aimed at supporting high-impact development projects in Latin America and the Caribbean. The framework will focus on financing projects in sectors such as renewable energy, transportation infrastructure, digital economy, and financial... More

National Infrastructure Agency and IFC are cooperating on PPP projects in Colombia. This agreement aims to support the strengthening of the regulatory framework, institutionality, and governance of PPP projects currently being promoted by the government.Several projects have already been identified,... More

IFC has approved an investment of €75 million ($79.6 million) in Ulker Biskuvi, designed to enhance the company's earthquake resilience and support climate mitigation and adaptation efforts.Ulker Biskuvi will use the funds to implement structural improvements at its factories in Istanbul... More

EIB and the French department of Seine-Maritime have joined forces in a 25-year finance contract worth €150 million ($159.3 million) to modernize the working and learning environments of 13,000 pupils, along with their teachers and staff members, in public lower secondary schools within the... More

Metropole Rouen Normandie has obtained a €50 million ($53.1 million) loan from EIB to support its public transport network. The primary objective of this funding is to offer users in the region with more efficient, affordable, and environmentally friendly mobility services.The loan will be... More

ADB has approved a €46.3 million ($50 million) policy-based loan to enhance the healthcare system in Georgia.Through the Health Sector Enhancement Program, the ADB will disburse the financing once the government implements a series of reforms. These reforms will focus on improving governance... More

The World Bank has appointed Ousmane Dione as its new VP for the MENA region.In Dione’s most recent position as Country Director for Eritrea, Ethiopia, South Sudan, and Sudan, he led a major expansion of the bank’s engagement, overseeing a portfolio of $17.5 billion. Under his... More

SBM Bank (Mauritius) and the Eastern and Southern African Trade and Development Bank Group (TDB) have signed a memorandum of understanding (MoU) to collaborate on joint business opportunities and co-financing agreements with TDB Asset Management (TAM), and the implementation of joint capacity... More

Atlante has been granted funding for the third time from the EU's Alternative Fuels Infrastructure Facility (AFIF) financing program. The latest grant amounts to €17.2 million ($18.3 million), following previous awards of €23 million ($24.4 million) in 2022 and an additional €49.9... More

IFC is increasing access to finance for SMEs in Georgia through a new $10 million loan agreement with Isbank Georgia.According to the World Bank's Enterprise Surveys 2023, access to finance stands as the third major constraint for businesses in Georgia. IFC's collaboration with Isbank... More

EIB has announced the approval of €4.3 billion in new financing to support various sectors including regional transport, energy distribution, business innovation, climate action, energy storage, and water and waste treatment.A significant portion of the financing, €3 billion, will be... More

According to a United Nations report titled Aid under Pressure, global Official Development Assistance (ODA) reached a record high of $287 billion in 2022, marking a 22% increase from previous years. However, aid specifically targeted at developing regions experienced a 2% decline, totalling $4... More

IDB Invest has signed an agreement to provide $25 million to Unicomer Guyana through its real estate division, Redstart Guyana. The funds will be used to construct a commercial complex and megastore known as River Place.The funding will play a crucial role in supporting the sustainable growth of... More