30 Jan Development Bank of Rwanda investing in the energy sector

“Access to reliable and affordable energy remains a considerable challenge in Rwanda. For Rwanda’s private sector to be competitive, the energy issue must be addressed as a crosscutting driver for economic growth. According to Dr. Livingstone Byamungu, the Chief Investment Officer at the Development Bank of Rwanda (BRD), “availability of sufficient energy is important for socio-economic growth and is at the heart of development as all industries ranging from agro-processing, to manufacturing and infrastructure development depend upon  it for their success.””

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16 Jan Swedfund promotes inclusive finance in Uganda and Tanzania

Swedfund, the Swedish development financier, invests USD10 million in Bayport Management Ltd (“Bayport”). The investment will improve access to financial services for people with low income, giving them the opportunity to get loans for, inter alia, education and housing.”

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16 Jan NIB launches SME loan facility with Sparbanken Skåne

NIB and Sweden’s Sparbanken Skåne have agreed on a loan programme totalling SEK 500 million (EUR 52 million) for on-lending to SMEs, small mid-caps, and environmental projects.

The seven-year facility will finance SME and small mid-cap investments in a broad range of sectors, including farming, manufacturing, trade, construction and corporate services as well as being available for projects with environmental benefits.”

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16 Jan UK-Norway Interconnector Power Cable Secures Export Credit

“EKN and SACE (Cdp Group) guaranteed US$ 752 million senior unsecured term loan facilities to National Grid North America, a wholly-owned subsidiary of National Grid plc.

The facilities, made up of a US$233 million EKN Guaranteed Export Credit and a US$519 million SACE Export Credit with the benefit of SIMEST Interest Make Up Agreement, are structured by BNP Paribas’ Corporate & Institutional Bank (CIB) in its role as sole structuring bank and agent, which was joined by HSBC and MUFG in their role as mandated lead arrangers and lenders under the SACE Export Credit, while SEK acted as sole lender under the EKN Guaranteed Export Credit.”

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09 Jan Financing Green Growth in the Lake Victoria Basin

“NDF Board approved EUR 4 million in financing to the Lake Victoria Basin Resource Efficiency and Cleaner Production project during its latest meeting in Helsinki.

The latest project approved by the NDF Board reinforces NDF’s commitment to supporting private sector-led green growth in the East Africa region. It is a co-finance initiative with the World Bank and implemented through a network of National Cleaner Production Centres, one each in Burundi, Kenya, Rwanda, Tanzania and Uganda.”

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09 Jan Financing approved for a large number of feasibility studies this year

“Nopef has approved financing for 24 new projects, which means that the number of approved feasibility studies exceeds the number of financed studies compared with the last few years. Seventy-six projects have been granted funding during the year for a total value of approx. EUR 2.4 million. The funded companies are expected to raise total investments of EUR 86.5 million once they establish a local presence in the project countries. “We are very pleased with the high number of applications we have received this year and to see that the Nordic SMEs actively establish a presence outside Northern Europe,” says Mikael Reims, Head of the Nordic Project Fund (Nopef). “Feasibility studies are carried out on all continents, but China still seems to be an important market for Nordic manufacturing companies, and more SMEs are also interested in entering the U.S. market.””

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09 Jan What Does The Trump Administration Mean For Power Africa?

“Power Africa, President Obama’s signature African electrification push, is in limbo. The initiative was launched in June 2013, but—consistent with the nature of large-scale long-term infrastructure investments—is really just getting started. Until we see key appointments (e.g., OPIC president, USAID administrator, Assistant Secretary of State for African Affairs) we probably won’t know what’s in store for Power Africa under a Trump administration.”

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09 Jan NIB finances water infrastructure investments in Luleå, Sweden

“NIB has signed a 15-year loan deal with the City of Luleå to finance water infrastructure investments in one of Sweden’s fastest-growing economic areas.

The SEK 500 million loan will help finance the construction of a second bio-waste digester, a bio-fuel upgrade and a sewage pipeline, as well as financing the expansion of a drinking water plant in Luleå.”

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