Latest News

Batavia completes first pilot deals

The first live pilot deals have been completed on Batavia, the blockchain-based trade platform developed by a group of banks.

DBSA appoints Mosako as CFO

The Development Bank of Southern Africa has appointed Boitumelo Mosako as CFO. She joins the bank again after a stint at the South African Bureau of Standards.

EKF’s CEO steps down

Anette Eberhard, the CEO of Denmark’s ECA, EKF, has decided to step down after more than 17 years at the organisation.

Analyisis: Rantau Dedap geothermal, Indonesia

After overcoming what turned out to be lower-than-expected generation capacity, the sponsors and lenders came together to close, after 4 years, the 98MW $700 million Rantau Dedap geothermal power plant in South Sumatra, Indonesia

Digital trade needs unified voice: ICC

Governments should better align development assistance with digital trade priorities, according to the UK division of the International Chamber of Commerce (ICC).

MUFG adds director

Mitsubishi UFJ Financial Group (MUFG) has named Regina Bruni as a director in its trade finance division.

Seychelles to tender floating solar

Seychelles will tender a 4MW floating solar PV plant to be developed in the Lagoon le Rocher. The tender will launch later this month.

HSBC trade vet joins Commerzbank

Mark Emmerson, a long-time trade financier at HSBC, has joined Commerzbank as MD, head of trade finance and cash management.

EBRD mulls wave of African lending

The European Bank for Reconstruction and Development (EBRD) will evaluate upping its lending in sub-Saharan Africa by as much as a third, according to Reuters.

Loans signed on Nghi Son 2 coal-fired

A consortium led by Korea Electric Power and Marubeni has signed loans for the 1,200MW Nghi Son 2 coal-fired power plant in Vietnam.

EBRD to back Egypt renewables advisory for PV, CSP, wind

The European Bank for Reconstruction and Development has issued a tender calling for consultants to assist the Egyptian Electricity Transmission Company with financial, legal and technical advisory for procuring PV, CSP and wind capacity. Bids are due on 16 April.

UKEF backs $400m Petrobras loan

UK Export Finance (UKEF) has guaranteed financing of up to $400 million from Crédit Agricole to Petrobras.

We.trade sets up shop

Digital trade platform we.trade has firmed up as a legal joint venture and believes that test clients will be using the structure this summer.

Egypt postpones Kom Ombo solar PV bids

The bid due date for Egypt’s 200MW Kom Ombo solar PV project has been put back by two months to 1 July

Scatec makes first drawdown on REIPPPP PV

Norwegian developer Scatec Solar has made first draw down on the debt package for its 258MW trio of solar projects procured under South Africa’s REIPPPP

Alvean Sugar ups revolver to $450m

Alvean Sugar, the trader set up in 2014, has refinanced its revolver and increased its limit to $450 million.

Bids in for Jordan R3 PV

Jordan’s Ministry of Energy and Mineral Resources received 16 bids for its round three solar PV tender from companies including Acwa Power, Masdar, FRV and Jinko Solar

MIGA to back Namibian REFIT PV

World Bank Group member MIGA will provide guarantees for the Ejuva One and Two projects in Namibia, procured under the country's interim renewable feed-in tariff programme. Each solar PV plant represents 5MW of capacity.