Source: European Investment Bank (EIB) |

Coronavirus - Africa: United Nations Development Programme (UNDP) and European Investment Bank (EIB) expand partnership to support governments in tackling global crisis

The immediate focus will be to address setbacks, mainly caused by the COVID-19 crisis, in Eastern and Southern neighborhood, Central Asia and Africa

The European Investment Bank (EIB) and the United Nations Development Programme (UNDP) have signed a new partnership agreement to scale up their support to countries facing situations of emergency caused by epidemics, natural disasters, conflict and other types of fragility.  This agreement will enable both institutions to reinforce the resilience…

Source: European Investment Bank (EIB) |

Agence Française de Développement (AFD), European Investment Bank (EIB), the European Union (EU) and Kenya join forces to improve access to water and sanitation in Kisumu

In Kenya’s third largest city Kisumu, the close proximity of Lake Victoria does not automatically ensure access to clean water for the 800,000 residents

On the sidelines of the visit to France of the President of the Republic of Kenya, H.E. Mr. Uhuru KENYATTA on October 2, financing agreements for the Lake Victoria Water and Sanitation Project (LVWATSAN), a project which aims to improve access to Water and Sanitation in Kisumu, were signed. The…

Source: European Investment Bank (EIB) |

Egypt: European Investment Bank (EIB) invests USD 22 million in the first closing of Lorax Capital Partners (LCP) Fund II

The fund seeks to contribute to the development of the private sector in Egypt by increasing access to capital for local SMEs and mid-market companies

The European Investment Bank (EIB) has signed a commitment of USD 22 million with LCP FUND II COÖPERATIEF U.A., a generalist private equity fund targeting primarily growth capital investments in SMEs and mid-market companies in Egypt. At the first closing, the fund attracted USD 140 million of commitments, including from other…

Source: European Investment Bank (EIB) |

Championing economic opportunities for women in Africa – Development Partners International’s (DPI) latest fund to become the first 2X Flagship Fund

DPI is intentionally supporting Sustainable Development Goals (SDGs) 5 (gender equality) and 10 (reduced inequalities) through its portfolio in Africa

DPI’s African Development Partners III Fund (“ADP III”) has been chosen as the first 2X Flagship Fund, committed to investing with a gender lens; DPI’s long-standing commitment to gender equity, along with its fund’s commercial performance, recognises the power of DFI collaboration working alongside proactive fund managers to effect real…

Source: European Investment Bank (EIB) |

City Climate Finance Gap Fund launches to support Climate Smart Urban Development

Supporting cities in developing and emerging economies

The Gap Fund offers technical and advisory services for climate action projects; supporting cities in developing and emerging economies; unlocking at least €4 billion of final investment Today, the City Climate Finance Gap Fund (“The Gap Fund”) was launched jointly by ministers and directors of the Governments of Germany and…

Source: European Investment Bank (EIB) |

Coronavirus: European Investment Bank (EIB) approves € 12.6 billion financing for transport, clean energy, urban development and COVID-19 resilience

Also backed investment in agriculture, water, housing, telecommunications and urban development across Europe, as well as in Africa, Asia and Latin America

€ 3.1 billion for COVID-19 public health and business financing; € 3.5 billion for private sector investment and working capital schemes; € 3 billon for clean energy and energy efficiency investment around the world; € 2 billion for Naples-Bari high speed train link largest loan in EIB history The European…

Source: European Investment Bank (EIB) |

Coronavirus - Africa: The European Investment Bank (EIB) and Afreximbank direct EUR 300m of support to African COVID response

Scheme to support trade and ensure medical supplies continue

Accelerated EIB financing under Team Europe initiative; Over 25% of funds dedicated to women in business and climate action; Pan-African rapid response to alleviate COVID-19 impact and support climate action; Scheme to support trade and ensure medical supplies continue. The European Investment Bank (EIB), the lending arm of the European…

Source: European Investment Bank (EIB) |

Coronavirus - Africa: United Nations Development Programme and European Investment Bank identify effective digital response to COVID-19 in Africa

In Africa, the COVID-19 pandemic is disrupting millions of people’s livelihoods, with disproportionate impact on poor households and small businesses

The health, economic and social impact of COVID-19 across Africa continues to evolve with more than 12,000 deaths, in excess of 540,000 confirmed cases and the livelihoods of millions of Africans damaged. In recent weeks the European Investment Bank, the United Nations Development Programme and BearingPoint have analysed the impact…

Source: European Investment Bank (EIB) |

Coronavirus - Africa: European Investment Bank (EIB) approves € 16.6 billion for COVID-19 health response and economic resilience, climate, clean transport, energy and housing

Companies in North and sub-Saharan Africa, the Eastern Neighbourhood and southern Caucasus to access financing under a dedicated regional COVID-19 financing programme

€ 10.2 billion for COVID-19 public health and business financing; € 5.2 billion for new private sector financing schemes; € 2 billon for energy and energy efficiency investment around the world; Millions of commuters to benefit from € 1.9 billion urban transport funding in Europe, Asia and Africa The European…

Source: European Investment Bank (EIB) |

Coronavirus Global Response: European Investment Bank (EIB) and Commission pledge additional €4.9 billion

Will finance economic recovery, stronger health systems and the implementation of the Sustainable Development Goals in all countries outside of the EU

The ‘Global Goal: Unite for our Future’ pledging summit organised today by the European Commission and Global Citizen mobilised €6.15 billion in additional funding to help develop and ensure equitable access to coronavirus vaccines, tests and treatments. The money raised will also support economic recovery in the world’s most fragile…