Latest News

Finacity launches factoring programme for ZIM

Israel-based Zim Integrated Shipping Services has launched a multijurisdictional trade receivables factoring progamme with specialist financier Finacity Corporation

African Gold Group appoints consultancy firms

Canadian mining developer African Gold Group (AGG) has appointed two consultancy firms for a gold mine feasibility study and a diamond drilling campaign – both to support the $45.4 million Kobada Gold Project in southwest Mali

Equinor makes Sputnik oil discovery

Equinor, OMV and Petoro has made an oil discovery in the Sputnik exploration well in the Barents Sea. Recoverable resources are preliminary estimated at 20-65 million barrels of oil

TriLinc signs deal with Origin Funding Partners

Specialist financier TriLinc Global has signed an agreement with Origin Funding Partners to work together in expand its existing term loan and trade finance investment capabilities through Latin America and Africa

BNDES to receive bids for street lighting PPP

The deadline for companies interested in presenting bids for a street lighting PPP in the southern Brazilian city of Porto Alegre, in Rio Grande do Sul, is 22 August (2019)

Advisers sought for EBRD-backed Lebanon airport expansion

Lebanon’s High Council for Privatisation and PPP has invited bids from consultancy firms to carry out pre-feasibility studies for the Kleiaat Rene Mouawad Airport PPP

BNDES extends loan to Renova

Brazil's Renova Energia has further extended the maturity of its R993 million ($231.4 million) loan with the development bank BNDES

ADB and Uzbekistan sign solar agreement

Asian Development Bank (ADB) has signed an agreement (16 August 2019) with Uzbekistan’s Ministry of Energy to be the transaction adviser on a solar energy IPP programme estimated to cost $800 million

LiquidX hires three in Singapore

Trade finance transaction marketplace LiquidX has made three hires in Singapore as it looks to launch its trade credit insurance platform in Asia

IFC to advise on Nigerian flare gas programme

The International Finance Corporation will advise the government of Nigeria on the feasibility of gas-to-market projects as part of the Nigerian Gas Flare Commercialisation Programme

EBRD to lend to Moroccan solar

EBRD is mulling a €45 million multi-currency loan for the €740 million, 800MW Noor Midelt I CSP-PV project – the first phase of the Midelt solar park in central Morocco

ADB approves Sri Lanka Railways loan

Asian Development Bank has approved a $160 million loan to modernise the operations of Sri Lanka Railways

PIDG initiative searches for CEO in Pakistan

A Private Infrastructure Development Group (PIDG) initiative developed by its guarantee arm is searching for a Karachi-based chief executive to be a catalyst to encourage the crowding in of underused pockets of liquidity in the Pakistani financial markets to fund infrastructure projects

First Marco Polo transaction with logistics partner

LBBW and Commerzbank have completed the first transaction via TradeIX’s Marco Polo digital trade finance network to incorporate the executing logistics provider involved in the deal

USTDA signs Zambian renewables hybrid grant

The US Trade and Development Agency (USTDA) has awarded a grant to Africa-focused renewables developer Upepo Energy to fund the feasibility study for a 150MW wind-solar-storage hybrid power plant in northern Zambia