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US Ex-Im forges closer bonds with Lithuania

Representatives of the Export-Import Bank of the United States’ (US Ex-Im) and the government Lithuania have signed an MoU to strengthen economic relationships between the 2 countries

Two lenders mandated for Ngoulmendjim hydro financing

The sponsors of the 82MW Ngoulmendjim hydro project in Gabon – Eranove and FGIS – intend to raise up to €300 million and have mandated two lenders

Lauzon to be senior VP and COO at Hudbay

Hudbay Minerals Inc has named Andre Lauzon as its senior vice president and chief operating officer, a shift that is effective from 4 January

BSTDB celebrates ratings upgrade

The Black Sea Trade and Development Bank (BSTDB) has received an upgrade of its long- and short-term issuer credit ratings from the S&P Global Ratings to A/A-1 from A-/A-2. The outlook is stable

OPEC Fund in $30m Armenia deal

The OPEC Fund for International Development (OPEC Fund) and Ameriabank, the largest universal bank in Armenia, have signed a $30 million long-term senior loan agreement to support private sector development in the country

Korem names preferred bidder on Kazakhstan solar

Online reverse auction organiser Korem has named Kazakh solar developer NextEcoEnergy as the preferred bidder to develop a 20 MW solar PV plant

Weiming mulls $400m nickel matte in Indonesia

China-based investment holding company Weiming Group plans to invest up to $400 million to develop a nickel processing plant in Indonesia

Layfield takes chair at CDC Group

Diana Layfield has appointed the new chair of CDC Group – the UK’s development finance institution and impact investor – succeeding Sir Graham Wrigley who was appointed in 2013 and will step down in early 2022 after a transitional period

Janashvili joins Canaccord Genuity as MD

David (DJ) Janashvili has joined Canaccord Genuity (CG) as managing director for sustainability investment banking, operating out of its Midtown New York office

GSL closes $140m shipping loan

Global Ship Lease (GSL) has borrowed $140 million to finance part of the acquisition costs of 12 container vessels – a transaction that involves a fleet acquisition from funds managed by Borealis Maritime Limited

DLL and EIB join forces for Benelux deals

DLL and the European Investment Bank (EIB) have signed new lending agreements that will make available up to €370 million in new lending to climate-conscious SMEs in the Benelux region

Finastra launches ARR innovation

Finastra has introduced additional Alternative Reference Rates (ARR) and Risk-Free Rates (RFRs) to its Fusion LIBOR Transition Calculator

Maersk’s green bond for vessels

Maersk this month issued its first green bond to fund green methanol vessels and launch its Green Finance Framework in a bid to evolve to a more sustainable future

EIB and TDB lead way on African “fragile situations”

The European Investment Bank (EIB) and the Eastern and Southern African Trade and Development Bank (TDB) have signed on a deal to drive trade across the region

EBRD and we.trade partner for tech revolution

we.trade – the digital distributed ledger technology (DLT) platform – is building on its collaboration with the European Bank for Reconstruction and Development

EIB takes SME initiative for Africa

Ecobank Group – the pan-African banking group – has signed an agreement for a €100 million long-term credit facility over 9 years with the European Investment Bank

BACB makes Fitzgerald CFO

British Arab Commercial Bank (BACB) – the UK-regulated international wholesale bank specialising in Africa and the Middle East – has appointed Louise Fitzgerald to the role of chief finance officer, subject to regulatory approval

ADB approves Uzbekistan wastewater

Asian Development Bank (ADB) is supporting the development of Uzbekistan's wastewater infrastructure by approving a $161 million loan for the province surrounding Uzbekistan's capital

Proparco supports Ipak Yuli for Uzbek trade

Proparco is supporting Ipak Yuli Bank in its bid to drive trade activity among MSMEs and impact projects across Uzbekistan