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Daybreak in debt talks for solar expansion

Lagos-based off-grid solar developer Daybreak Power Solutions is in talks with the IFC as part of the $40 million debt financing required for the first phase of its 140MW solar expansion plan

IFC advises Cameroon on Douala BRT PPP

The International Finance Corporation (IFC) is advising the government of Cameroon on a $220 million Bus Rapid Transit (BRT) PPP in the capital city of Douala

China makes good on Oz retaliation threat

Chinese state body – the National Development and Reform Commission – today announced an “indefinite suspension of all activities under China-Australia Strategic Economic Dialogue” following through on the threat to retaliate for Australia scrapping Belt & Road Initiative and the Landbridge review

EIB and Bank of Ireland back Irish wind farm

The European Investment Bank and the Bank of Ireland have signed an agreement to finance a €100 million onshore wind farm in Ireland

JP Morgan bolsters US TF team

Kjel Christensen has returned to JP Morgan to head the trade finance sales division for North American corporate and investment banking

Winners announced for Rio sanitation auction

The auction of concessions managed by Rio de Janeiro state water and sewage utility Cedae successfully took place on 30 April, with winners selected for Brazil’s second largest privatisation project.

White & Case hires Shawe as Joburg partner

White & Case has hired Lionel Shawe as a partner from Allen & Overy – he will be based in Johannesburg and has experience working on both project and trade finance

Adviser joins Timor-Leste PPP

A Danish firm agreed to assist on a solid waste management PPP project in Timor-Leste, following a nearly 3-month bid evaluation

South Korea co-financing $700m with ADB

South Korean government has earmarked $700 million to co-finance climate and information and communication technology (ICT) projects with Asian Development Bank (ADB) during the next 3 years

India / UK trade boost

Prime Minister Boris Johnson today revealed £1 billion of new UK-India trade and investment in a move designed to foster a closer working relationship with India in the post-Brexit environment

Philippines endorses 16 power projects for impact study

Philippines' Department of Energy (DOE) last week (31 March 2021) issued a certificate of endorsement for 16 power projects to National Grid Corporation of the Philippines to conduct a system impact study on the country's power grid.

Grigg starts as UK infra bank chair

Chris Grigg has started today (4 May 2021) as the new chair of the newly established UK Infrastructure Bank ahead of its formal launch this month

Adviser signs on Uzbek distributed solar

An international advisory team signed a contract to assist the government of Uzbekistan in preparing a road map to develop distributed solar PV systems and procuring a pilot distributed PV system

Indonesia water PPP gains momentum

Indonesia's Ministry of Public Works and Housing (PUPR) has progressed with the Rp2.43 trillion ($169 million) Karian-Serpong regional drinking water supply system (SPAM) PPP in Indonesia

Virgin in latest tech partnership

Virgin Money is continuing to build its business banking proposition, adding FinTech partner Trade Ledger which specialises in data-driven lending technology

Thailand’s strategic HSR begins early works

Italian-Thai Development has started early works on a Bt224.54 billion ($7.24 billion) high-speed rail (HSR) PPP in south-eastern Thailand

Saudi Arabia’s $15bn plan

Saudi Arabia's Royal Commission for AlUla has confirmed that its regeneration project – The Journey Through Time Masterplan – will take the form of a $15 billion opportunity for responsible investment in public-private partnerships

Triterras builds on the board

Triterras Inc – a leading fintech company for trade and trade finance – has named Yong-Moon Kim, Jayapal Ramasamy and Lilian Koh to the board of directors, effective immediately