Italian investment bank Cassa Depositi e Prestiti agreed to a EUR 100 mn loan agreement for renewable projects with the Africa Finance Corporation, according to a statement. The loan will be used to finance renewable energy projects in Africa and build the infrastructure needed for the continent’s renewable energy transition.

OTHER STORIES FROM AROUND THE WORLD WORTH KNOWING ABOUT-

• US philanthropic outfit Rockefeller Foundation dedicated USD 5.5 mn to promote climate resilient infrastructure and economic development in Kenya, Nigeria, Rwanda and Uganda over the next three years, according to a statement.
• Norwegian renewable energy company Scatec secured USD 102 mn in financial risk reduction for a 765 MW combined solar power and battery plant in South Africa from Norway’s credit agency Export Finance Norway (Eksfin), according to a statement.