German development company Deutsche Investitions und Entwicklungsgesellschaft mbH said it will invest $10 million in Schulze Global Ethiopia Growth and Transformation Fund I, a private-equity fund focused solely on the Horn of Africa nation.
Companies in the European Union’s emissions market lowered their expectations for carbon prices “drastically,” according to a survey by Germany’s KfW Bankengruppe and ZEW Center for European Economic Research.
KfW Entwicklungsbank, part of KfW Bankengruppe, approved a credit line of 11 million euros ($15 million) for UniCredit SpA’s unit in Serbia for lending to municipalities in the Balkan country that need infrastructure financing.
Rift Valley Railways Ltd., operator of the Kenya-Uganda railway, will sign a loan accord to finance an upgrade that may boost capacity by almost four-fold, according to its biggest shareholder, Citadel Capital SAE.
Deutsche Investitions und Entwicklungsgesellschaft mbH, a member of KfW Bankengruppe, may invest 800 million euros ($1.06 billion) in agriculture and the food industry in Serbia and other countries in southeastern Europe, Tanjug newswire reported, citing a company director.
Norddeutsche Landesbank Girozentrale, the German bank that’s financed renewable-energy projects for more than 15 years, arranged 39.6 million pounds ($64.9 million) in loans for a wind farm in northern England.