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DAE wraps up AWAS purchase

Dubai Aerospace Enterprise (DAE) has signed a purchase agreement for fellow aircraft leasing company AWAS, in a deal that boosts the value of its fleet to more than $14 billion.

IFC supports UAE firm on Egyptian solar

The IFC has disclosed planned investments into two more solar projects being procured under Egypt’s FIT round two. Alcazar Energy is developing each of the 50MW projects

First National Bank joins FCI

First National Bank (FNB), a division of FirstRand Bank, has joined international trade body Factors Chain International (FCI) as an associate member

ADB commits to more infrastructure loans in the Philippines

The Asian Development Bank (ADB) will offer $3.8 billion of new loans to the Philippines Department of Finance between 2018 and 2020, of which $1.8 billion will be for funding infrastructure

Sembcorp closes on DFI-backed Sirajganj gas-fired

After various delays Sembcorp has reached financial close on the 414MW Sirajganj greenfield gas-fired power project in Bangladesh and the sponsor will now begin to draw down on the loans

Lydian draws $33m under term loan facility

Gold miner Lydian International has drawn $32.8 million under a term loan facility with ING and Swedish Export Credit Corporation (SEK).

Brazil requests WTO panel in aerospace subsidy battle

Brazil has asked a World Trade Organization (WTO) panel to weigh in on its complaint that Canada is hurting its commercial aircraft industry through subsidies to Bombardier.

ADB to fund Tajikistan road

Tajikistan’s Ministry of Transportation, with the help of the Asian Development Bank (ADB), is procuring services to enhance the Khovaling-Baljuvon-Kangurt road, which about 43km long

Close on Sinosure-backed LPG Terminal in Sri Lanka

Publicly-listed LAUGFS Gas has reached financial close on the import-export liquefied petroleum gas (LPG) terminal at Hambantota Port in Sri Lanka

Harmony Gold refinances revolver

South African gold miner Harmony Gold has refinanced and expanded its revolving credit facility.

Uralkali signes $850m PXF in face of sanctions

Uralkali, the Russian potash producer, has signed an $850 million pre-export finance (PXF) facility. Uralkali will use the proceeds to refinance existing debt and for general corporate purposes.

Nairobi-Nakuru-Mau road PPP bids in 2018

An RFP has been issued for the upgrade of the Nairobi-Nakuru-Mau road. Bids for the PPP contract are due in February 2018