Fintech companies entering supply chain finance are an opportunity rather than a threat to major banks, writes Deutsche in a report published this week on the state of the market.
Trade finance is becoming increasingly attractive for institutional investors, although there are difficulties to overcome. Peter Taberner reports
SWIFT plans to extend the coverage of its GPI Tracker so that it covers all messages sent across its network – not just those from banks that have signed up to the GPI service.
Dubai’s Metro Red Line has closed on $2.52 billion in financing for the Route 2020 project. The project will run from Nakheel Harbour and Tower Station to the Emirate’s Expo 2020 site.
The African Continental Free Trade Area (AfCFTA) – a free trade agreement signed by 44 African countries in Rwanda this week – will the continent’s developed nations the most, according to a report issued by Moody’s.
Public utility Ethiopian Electric Power has invited bids to design, build, finance, own and operate the Birbir stage one and two hydroelectric project. Birbir will have a total of 564MW of capacity.
Financing for Turkey’s €3.1 billion Çanakkale toll bridge signed on 16 March, sources close to the deal have confirmed.
Africa50 – the infrastructure investment platform capitalised by the African Development Bank (AfDB) – has appointed Raza Hasnani as head of infrastructure investments for Africa50 Project Finance.
Alten Africa has reached financial close on the 37MWac Hardap solar PV plant in the Mariental municipality of south-central Namibia.
Businesses are concerned about the effects of protectionist politics but are still confident in their international prospects, according to a survey conducted by HSBC.
British Airways has priced a $608 million securitisation to finance the delivery of Airbus and Boeing aircraft, according to sister publication Airfinance Journal.
Glencore is set to issue $500 million in eight-year convertible notes, according to an announcement by the commodities trader.
The Development Bank of Southern Africa has issued an RFP for advisers to assist with procurement of the City of Johannesburg Alternate Waste Treatment Technology PPP.
The Democratic Republic of Congo is sounding out interest for development of a special economic zone PPP pilot project at Maluku near Kinshasa. EOIs were requested in January
State Bank of India (SBI) has completed a digital turnaround after a 14-month process and has released figures pointing to its success.
Bank Leumi, the subsidiary of Israel’s largest bank, has named Anne-Marie Woolley as its new trade finance consultant.
Africa50, the infra investment platform capitalised by the AfDB, has appointed Kimberly Heimert as general counsel.
Trafigura has signed a $5.725 billion European revolving credit facility with a syndicate of around 50 banks – its largest ever revolver.
World Bank group members IFC and MIGA are providing financing for a $12 million rooftop solar PV project in Gaza, Palestine.
Korean export credit agency KSure has confirmed its involvement in the financing of the €3.1 billion Canakkale toll bridge in Turkey. Sponsors Daelim, SK and Lapi are due to sign the debt tomorrow