Source: European Investment Bank (EIB) |

European backing for EUR 142 million Gambia renewable energy programme

First European Investment Bank engagement in Gambia since 1991

First country in the world to ensure all its 1,100 rural schools and health centres will  benefit from reliable energy supply using solar and battery technology; 20MW solar energy and 400km distribution project to transform energy access and cut costs; first European Investment Bank engagement in Gambia since 1991. Access…

Source: European Investment Bank (EIB) |

Record EUR 3.3 billion European Investment Bank engagement across Africa supports private sector, clean energy, transport and water investment

In 2018 the European Investment Bank agreed EUR 3.3 billion (USD 3.74 billion) of new financing for private sector and infrastructure investment in 20 African countries

Largest ever European Investment Bank engagement in Africa since 1965; Direct support for 59 private sector and sustainable development projects 20 African countries; EIB President highlights strong pipeline of new projects at African Union summit. In 2018 the European Investment Bank agreed EUR 3.3 billion (USD 3.74 billion) of new financing for…

Source: European Investment Bank (EIB) |

European Investment Bank confirms support for EUR 495m transformational investment across Africa at Vienna summit

EIB President outlines support for sustainable development at High‑Level Forum Africa‑Europe

EUR 495m new support for sustainable transport in Africa’s largest city, improving access to clean energy and connecting East Africa to global communications; EIB President outlines support for sustainable development at High‑Level Forum Africa‑Europe; EIB experts highlight how cooperation with African business, public sector and international partners unlocking crucial investment. At the…

Source: European Investment Bank (EIB) |

New European support for Kenyan private sector and East Africa-wide funds

At a ceremony in Nairobi today, the European Investment Bank has announced four new projects it will support in Kenya and the wider East-African region

EIB announces four projects in Kenya and the wider region, ranging from backing for Telkom Kenya Ltd. 3G & 4G expansion, to support for the Medical Credit Fund; USD 78m financing in support of private sector players to ultimately benefit the underserved in terms of access to both connectivity and…

Source: European Investment Bank (EIB) |

Strong European Investment Bank (EIB) support to Nachtigal hydropower plant in Cameroon

EUR 50 million long term loan to the largest private sector project in the power sector in Africa in 2018; increasing country’s electricity supply by 30% through clean and low-cost energy while catalysing economic growth; up to 1,500 direct jobs created during peak construction periods

At its Africa Day in Addis Ababa, the European Investment Bank announced today its strong support for the construction of a 420-MW hydropower project in Cameroon. The EIB will provide a EUR 50 million long term project finance loan to NHPC (Nachtigal Hydro Power Company) under the Impact Financing Envelope…

Source: European Investment Bank (EIB) |

European Investment Bank (EIB) supports jobs and climate action across Africa with new EUR 200 million loan to Afreximbank

The facility will support promoters in more than 40 countries across Africa with long-term funding

Long-term investment to boost private sector’s competitiveness; Increasing access to finance for small and medium sized businesses; At least 25% of financing for climate action. On the margins of its Africa Day in the Ethiopian capital, Addis Ababa, the European Investment Bank has signed a new fifteen year EUR 200…

Source: European Investment Bank (EIB) |

The European Investment Bank (EIB) reinforces its support to Egypt: EUR 214m to improve access to sanitation services in the Nile Delta

The agreement was signed at the headquarters of the EIB in Luxembourg by H.E. Dr. Sahar Nasr, Minister of Investment and International Cooperation and EIB President Werner Hoyer

The European Investment Bank (EIB) has signed a Governmental Agreement with the Government of the Arab Republic of Egypt for an amount of EUR 214m to support the Kitchener Drain depollution project. The new financing is part of the EIB’s Economic Resilience Initiative (ERI) and will improve the sanitation and…

Source: European Investment Bank (EIB) |

European support for upgrading and expanding Seychelles’ main harbour

The project entails the detailed design and construction of a new quay, offset from the existing quay, and demolition as necessary of the existing quay

EUR 12.5 million loan from the European Investment Bank (EIB) coupled with EUR 5 million European Union (EU) grant to finance modernisation and enlargement of Seychelles’ main commercial harbour, Port Victoria. Agence Française de Développement (AFD) also to provide EUR 16.5 million loan to project. EUR 2 million worth of…

Source: European Investment Bank (EIB) |

European Investment Bank (EIB) and International Monetary Fund (IMF) join forces to build capacity on financial inclusion and stability in Africa

The EIB will contribute with EUR 3m to IMF economic institutions, namely the African Regional Capacity Development Centers (AFRITACs) and the Financial Sector Stability Fund (FSSF)

EIB and IMF establish a new Capacity Development Partnership to promote financial inclusion and stability in Africa EIB will support IMF capacity development activities with EUR 3m until the end of 2020 EIB and IMF to launch online course on financial intermediation and inclusion Today, the European Investment Bank (EIB),…

Source: European Investment Bank (EIB) |

European Investment Bank and African Development Bank to support private sector investment in Nigeria with Development Bank of Nigeria backing

The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside US $50-million equity participation from the African Development Bank

The European Investment Bank and the African Development Bank have agreed to support the creation of the new Development Bank of Nigeria to strengthen lending for business and agriculture investment in the country. The European Investment Bank has finalized a US $20-million equity stake in the new financing institution, alongside…