Global

EBRD gives EUR50 million to Lithuania
Global

EBRD gives EUR50 million to Lithuania

The EBRD said it giving EUR50 million loan to the Lithuanian Public Investment Development Agency UAB (VIPA) for energy efficiency and rehabilitation investments in apartment buildings. Lithuania has a housing stock of some 38,000 apartment buildings, housing around 66 per cent of the population, with approximately 35,000 built in the […]

JSE SENS

Brian Molefe to return to South Africa’s Eskom

Embattled former chief executive of Eskom, Brian Molefe will be returning to the state power utility top position after the company announced his recall. It would be recalled that Brian Molefe was pressured to step down five months ago. An anti-graft watchdog named Brian Molefe in an alleged influence-peddling matter. […]

IFC invests USD20 million in ALCB Fund
Global

IFC invests USD20 million in ALCB Fund

International Finance Corporation IFC, has announced that it is investing USD20 million in debt in the African Local Currency Bond Fund (ALCB Fund Ltd.) The investment is to help develop local currency capital markets in Africa. The ALCB Fund was established by KfW Development Bank on behalf of the German […]