The European Investment Bank has agreed to provide EUR 23 million (15 billion CFA) to support investment in one of the largest photovoltaic power stations in sub-Saharan Africa. The EUR 70.5 million (46 billion CFA) scheme will be constructed at Zagtouli on the outskirts of Ouagadougou, the capital of Burkina Faso and operated by national electricity utility, SONABEL. The new plant is expected to act as a reference for future solar investment across the continent.
The European Investment Bank (EIB) is providing a EUR 20 million loan to high-tech engineering company Manz AG. The funds are being made available for the company’s research and development (R&D) in the area of sustainable and cost-efficient power generation. The financial support is being made accessible through a new financial instrument that takes into account the specific requirements of midcap companies in the field of R&D financing. This is a joint initiative by the EIB and the European Commission.
The European Investment Bank (EIB) and Banco Popular have signed a EUR 250 million loan for financing SMEs (firms with up to 250 employees) and midcaps (firms with up to 3000 employees). Under the agreement, Banco Popular will match the loan with the same amount, meaning that a total of EUR 500 million will be made available for financing small businesses.
The European Investment Bank (EIB) is lending EUR 120 million to support SMEs and micro enterprises active in Moldova’s horticultural sector. Improving access to finance will help increase the sector’s competiveness and product quality, and facilitate exports from Moldova to diverse markets.
The European Investment Bank (EIB) has provided a credit line of EUR 200 million to Eximbank to support undertakings by SMEs and midcaps located throughout Hungary. A minimum of 70% of the EIB loan will be dedicated to SMEs while the remaining 30% may be utilised to support projects carried out by midcap companies.
The European Investment Bank (EIB) continues strong support for investment in strategic infrastructure and innovation, as well as by small and medium sized businesses (SMEs) and mid-cap companies, across the European Union.
The European Investment Bank (EIB) is lending CZK 1 billion (approx. EUR 37 million) to finance the development of municipal infrastructure in Ostrava, the third largest city of the Czech Republic located in Northern Moravia.