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IFC invests €50 million in Ethiopia's Habesha Beer – New Business Ethiopia newbusinessethiopia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newbusinessethiopia.com Daily Mail and Mail on Sunday newspapers.
Uganda:East Africa's Largest Solar Plant Starts Operations | Mareeg.com somalia and the World Mareeg.com somalia and the World mareeg.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mareeg.com Daily Mail and Mail on Sunday newspapers.
People Digest: Nanofilm CEO steps down; FMO appoints new chief executive dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
FMO will commit €20m, OeEB €15m and Swedfund €15m. ICCF offers co-financing for its funders for senior loans, mezzanine debt and guarantees with a maximum tenor of 18 years. The funding capacity of ICCF is provided by AFD, EIB and 11 EDFI members. By closing the climate finance gap in emerging markets, European Development Finance Institutions (DFI) are determined to boost these countries’ resilience, generate jobs and accelerate their inclusive and sustainable economic growth. "Thanks to this replenishment, European DFIs are strengthening European financial cooperation for climate action. Investing in green energy is essential for human and economic development. With ICCF having now €480m available funding for additional projects, European DFIs are committed to scale up their transformative role to fight climate change in emerging markets," said Peter Thimme, DEG, Chair of the Board of Directors of ICCF.
Equity gets Sh5bn Dutch loan for SMEs lending Wednesday January 13 2021 By BRIAN NGUGI Summary The facility has been disbursed under FMO's financial program dubbed NASIRA that supports young, female, and migrant entrepreneurs in Sub-Saharan Africa. The European Union- backed programme's scope was widened in April last year to also reach small Covid-19 affected entrepreneurs in the region. Equity Bank Kenya #ticker:EQTY has secured $50 million (Sh5.48 billion) from the Dutch Development Bank (FMO) for onward lending to small and medium-sized firms hit by the Covid-19 pandemic. While announcing the long-term funding, whose interest rate was not disclosed, FMO said the facility would uplift Equity Bank’s lending to the perceived risky small enterprises, who have been hard hit by the economic effects of the pandemic – lowering their ability to save and tap loans.