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EIB commits €40 million to Speedinvest to empower Africa’s next tech champions and deepen Europe-African innovation ties
African technology startups will receive a financing boost through a €40 million commitment from EIB Global, the development arm of the European Investment Bank (EIB), to the first Africa-focused investment vehicle from leading European venture capital firm Speedinvest. The investment strengthens EU–Africa ties, supports digital transformation, and promotes inclusive economic growth across the continent.
EIB Global backs pioneering green hydrogen-based fertiliser plant in Paraguay with up to USD 95 million financing
The European Investment Bank (EIB) through its development arm EIB Global, has announced up to USD 95 million in financing for the development of ATOME’s Villeta Green H₂ Fertiliser Plant, a landmark project that will produce low‑carbon nitrogen fertilisers in Paraguay using green hydrogen generated from the country’s fully renewable electricity system. With an annual production capacity of around 260 000 tonnes of calcium ammonium nitrate (CAN), the project is set to become one of the first industrial‑scale green hydrogen fertiliser plants outside the European Union, and the world’s largest upon start of operations, demonstrating Europe’s global leadership in clean industrial technologies.
Italy: EIB provides €225 million to Iren to promote circular economy and energy efficiency
The European Investment Bank (EIB) and Iren Group have signed a new €225 million finance contract to support the company’s investment plan for 2025-2028. Signed today in Milan by EIB Vice-President Gelsomina Vigliotti and Iren Executive President Luca Dal Fabbro, the operation aims to back a range of measures designed to promote the circular economy and energy efficiency by strengthening waste collection systems and implementing steps to reduce buildings’ energy consumption.