Ioannis Tsakiris, a former Greek deputy minister, has been appointed EIB Vice-President.Tsakiris succeeds Christian Kettel Thomsen, who left the bank last year to become governor of the Danish Central Bank. The new VP started his term on May 1.Tsakiris has extensive experience at the EIB Group,... More

IFC is considering up to $200 million in finance to telecommunications group Airtel Africa to support the company's operations in the DRC, Rwanda, and Kenya. The funding would cover capex needs and refinance USD-denominated debt. The capex component will be directed towards modernizing the... More

Croatia's HBOR and the ministry of regional development and EU funds will provide €250 million ($268 million) in loans to companies for energy efficiency projects.The programme offers favourable loans with the possibility of partial loan write-off based on energy-saving criteria to... More

EBRD is boosting Palestinian export and import activities by providing a $2 million trade finance line to the Arab Islamic Bank.The trade finance line, given under the EBRD’s Trade Facilitation Programme, will be used to issue guarantees in favour of confirming banks for pre-export and... More

NIB has signed a ten-year loan with the Norwegian utility Eviny to co-finance an investment programme to increase sub-station and grid capacity in Western Norway.The NOK1.5 billion ($135 million) loan will help finance projects carried out in the areas of Kollsnes, Mongstad and Fensfjordsbassenget... More

EBRD is providing a €25 million loan to Turk Ekonomi Bankası in Turkiye as the inaugural transaction under the bank’s new Digital Transformation Financing Facility (DTFF) aimed at bolstering the digital transformation investments of SMEs.The proceeds of the loan will finance the digital... More

GuarantCo has provided a portfolio guarantee of JOD24.8 million (around $35 million) to Capital Bank of Jordan, for a portfolio of JOD 88.6 million. The deal will enable the bank to grow its infrastructure portfolio which is aligned with the PIDG 2023 – 2030 strategy focused on climate... More

Business Development Bank of Canada (BDC) has appointed Diane Lafontaine as Chief Corporate Strategy and Stakeholder Engagement Officer; and Genevieve Bouthillier as Senior Vice President, Growth and Impact Investments.Lafontaine has led BDC’s corporate strategy and stakeholder engagement... More

Giyani Metals is progressing its K. Hill manganese project in Botswana and has received the first drawdown of $5.7 million from its $16 million IDC convertible loan facility. IDC has the ability to convert the outstanding amount into shares (and shareholder loans) in Thabatala Holdings Proprietary... More

Uganda has signed a $295 million loan with IsDB for a series of infrastructure projects. The loan will go to the funding of roads in the country totaling 105km and a bridge crossing the River Nile in North West Uganda. The key projects include: the Masindi-Port Bridge where the ferry crosses... More

Deals blending public and private funds reached a five-year high of $15 billion in 2023, as some of the world’s biggest banks and asset managers entered transactions with governments to tackle climate change.The contributions represent a “directional shift” in the global blended... More

The World Bank has approved a $84 million grant from the IDA for the Afghanistan Community Resilience and Livelihoods Project, which complements $70 million in additional financing from the Afghanistan Resilience Trust Fund.The project started in 2022 with a grant of $265 million from the ARTF to... More

Egypt's Commercial International Bank is planning to get a $50 million loan from EBRD within H2 of 2024 with the aim of financing green projects.EBRD last year approved a $150 million subordinated loan to the CIB to support the latter’s Tier II capital to back its growth outlook, enhance... More

The CAMBio II program CABEI and the Green Climate Fund made the second disbursement of $1.1 million to continue supporting MSMEs in increasing their climate change resilience actions.The funds have been granted to Banco Hipotecario de El Salvador to benefit MSME clients operating in the agroforestry... More

EBRD has invested $60 million in capital notes issued by TBC Bank Georgia, participating in its public placement of a $300 million, Basel III-compliant issuance of Additional Tier 1 capital notes. The notes will be listed on Euronext Dublin. This is TBC’s first benchmark issuance since the... More

The Central Bank of Libya signed an MoU with IsDB to establish the National Fund for Economic Empowerment.The fund aims to support and finance micro, small, and medium enterprises in Libya which the CBL says is its contribution to activating the role of the private sector. Libya says the fund will... More

IsDB has provided a loan of $289.52 million for the second phase of the Rural and Peri - Urban Housing Finance Project. The project will be implemented by Bangladesh House Building Finance Corporation under the Financial Institutions Division.Through the scheme, affordable housing loans will be... More