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SEFA turns to African hydro modernisation

SEFA has set aside $1 million for the evaluation of hydropower assets across Sub-Saharan Africa in need of modernisation – potentially adding up to 200MW of generation capacity

ACWA Power in pole position for Uzbekistan wind

The government promoters have revealed the financial bids by 3 independent power producers to develop a 100MW wind farm in northwestern Uzbekistan

EIB to finance Dutch transmission corridor

The European Investment Bank has signed a €250 million loan agreement with TenneT for the build of a 40km electricity transmission corridor from Eemshaven to Vierverlaten in the province of Groningen, north of the Netherlands

Mozambique approves new off-grid legislation

The government of Mozambique has approved, via the Council of Ministers, the Regulation for Off-Grid Energy Access by decree – thereby opening the door for fresh private sector investment in the Southern African state

Tunisia picks winner for Sfax desal

Tunisia’s SONEDE has awarded the Sfax desalination plant to a Metito-led consortium

Nordea signs €1.8bn deal with EIB Group

Nordea has signed a guarantee agreement with the EIB Group – the EIB and the European Investment Fund (EIF) – to free up capital for new loans for sustainable initiatives of Swedish and Finnish companies

Pignotti to play key role in Marsh

Michele Pignotti has joined Marsh to drive the insurance broker’s global growth in credit specialties

UKEF signs first ME clean growth loan – UAE

UK prime minister Boris Johnson has today (16 September) revealed that a £31 million clean growth loan from UK Export Finance (UKEF) will help finish the new HQ of one of the UAE’s leading environmental management firms

EBRD signs loan for Serbian SMEs

The European Bank for Reconstruction and Development (EBRD) is supporting the post-pandemic recovery of the Serbian economy by securing financing for SMEs, in cooperation with local partner banks

BNDES suspends payments for hydro plants

Brazilian development bank BNDES has suspended loan repayments for hydro power plants that each have a capacity of more than 50MW, as the country faces a devastating drought.

AFC Capital Partners out to debut new fund

The AFC has established an independent asset management arm – AFC Capital Partners, which will offer the Infrastructure Climate Resilient Fund

Apicorp adopts new ESG framework

Apicorp has adopted a new ESG policy as part of its $1 billion energy transition target for the next two years

Elsewedy signs loan for 6 October Dry Port

The EBRD has signed with an Elsewedy-led consortium a €25 million loan for the 6th of October Dry Port project in Egypt

EIB loan for Sofia mobility

The European Investment Bank (EIB) and Sofia Municipality have signed a €60 million framework loan to promote sustainable urban mobility in Bulgaria’s capital

Eksfin celebrates shipping success

Norwegian export credit agency Eksfin – formerly Export Credit Norway and GIEK – is playing a major role in accelerating the ‘green shift’ at sea, providing loan guarantees approaching €1 billion for the construction of 35 eco-friendly vessels over the last 4 years

Horizonte secures partial financing for Araguaia

Horizonte Minerals has secured approval for the first tranche of financing for its Araguaia nickel project in the Brazilian state of Pará.

Biden chooses team for key trade roles

President Joe Biden has announced his intent to nominate the following 10 individuals to serve in key roles, many of whom will play key roles on the international trade and commodities playing field