Development finance

The €230m commitment via the EIB, financed by loans from NextGenerationEU, will be allocated to two financial intermediaries A&G and Urbania Alpha.

The DEG loan to the CRBD bank will use a guarantee from the European Fund for Sustainable Development Plus, and will support small businesses including those owned by women and young adults.

The facility, backed by European impact investors, will be used by QNB Leasing to provide finance for clean energy projects, micro and small companies and sustainable economic development.

Renalfa IPP has closed a financing deal from investors to build out renewable energy capacity across Bulgaria, Hungary, Romania, and North Macedonia.

The Emerging Africa & Asia Infrastructure Fund, International Finance Corporation, British International Investment, DEG, and Proparco have committed $160m in an anchor investment to the $600m Axian Telecom bond issuance.

The $10m investment is the fourth loan to date to Platcorp Holdings Limited, an impact investment management company focused on lending to MSMEs in Kenya, Uganda, Tanzania and Zambia.

Proceeds from the latest bond in the series will provide financial support for high-impact enterprises owned and operated by women, as well as disadvantaged communities in India, Indonesia, the Philippines and Sri Lanka.

The investment is part of a €100m EBRD-led financing package for MHP SE, aimed at safeguarding jobs and building resilience in the Ukrainian food and agricultural sectors during the ongoing war.

GIP Zambia, with $70m of initial funding, builds on a model developed by BII and its partners in Ghana to provide finance for firms overlooked by the existing banking system.

Funding from Lagata and other European-based investors will allow Miro to expand output of plywood for export from its operations in Sierra Leone and Ghana.