Latest News

Cocobod mandates senior banks for $1.3bn PXF

Ghana's Cocobod has closed the senior syndication phase of a $1.3 billion pre-export receivables backed trade finance facility.

Falcon Group launches bridging loan unit

Falcon Group, the specialist financier, has launched a bridging loan unit to focus on the UK property market.

Zola EDF signs loan for Côte d’Ivoire off-grid solar

Off-Grid Electric and EDF have signed on a receivables-backed loan denominated in West African CFA francs to fund the roll-out of off-grid solar across Côte d’Ivoire.

Access Bank wraps up $158m syndication

Nigeria’s Access Bank has raised a $158 million trade finance facility from 13 international banks.

Coface launches IFRS compliance tool

Coface has launched a new tool to help firms comply with IFRS9 – the new accounting standards coming into place this year.

New Ex-Im nominee expected

The White House will soon announce Kimberley Reed as its new nominee for president of US Ex-Im Bank, according to the Wall Street Journal.

IFC seeks advisers for Côte d'Ivoire solar PV

The International Finance Corporation has issued tenders for environment and technical consultants for a mandate it has received from the government of Côte d'Ivoire for the development of 60MW of solar PV in the country.

Metalloinvest signs ECA-backed loan

Metalloinvest has agreed a €72 million credit facility agreement with Crédit Agricole and backed by Euler Hermes.

OPIC approves funding for infrastructure projects

The US government’s Overseas Private Investment Corporation on 14 June approved $1.8 billion in development funding – with a number of infrastructure-related initiatives set to benefit.

IFC invests $10m in factoring fintech

The IFC, a member of the WorldBank Group, alongside venture capital fund Dalus Capital, has invested $10 million in eFactor Network, a Mexican fintech firm.

BNDES has no more exposure to aircraft lessors

Brazil’s ECA, BNDES, is no longer exposed to aircraft leasing companies, instead lending only to airlines themselves, sister publication Airfinance Journal has revealed.

Credable expands support

Credable, the invoice insurer that is part of Euler Hermes, is expanding its coverage to include 24 European countries.

Total and Repsol extend TFT exploration in Algeria

International oil companies Total and Repsol have signed an extension to the exploration licence for the Tin Fouyé Tabankort natural gas field in the Ouargla Province of Algeria.

Zimbabwe’s Hwange power plant project reaches financial close

Zimbabwe Power Company and China’s Sinohydro Corporation have brought the $1.4 billion rehabilitation project at Zimbabwe’s Hwange coal-fired power plant to financial close, it has emerged.

ITFC and Asia Alliance Bank agree finance line

The International Islamic Trade Finance Corporation (ITFC) has signed a line of Murabaha trade finance agreement with Asia Alliance Bank, Uzbekistan.

Japan upsizes Asia infra pledge

The Japanese government has pledged fresh investments of $5 billion over the next 3 years towards infrastructure, part of its expanded, so-called “Free and Open Indo-Pacific Strategy”.

ADB adds $350m to trade finance programme

The Asian Development Bank (ADB) Board of Directors will add $350 million in extra support for its Trade Finance Program (TFP), according to an announcement by the multilateral.