It’s that time of year again. Please read below for details of Trade Finance’s 2018 awards submissions process. For any further information, contact Joe Kavanagh at Joe.Kavanagh@euromoneyplc.com or +44 20 7779 8072
Engie, Toyota and Orascom reached financial close last night on a $400 million financing package for the 250MW Gulf of Suez wind project in Egypt
Neoen and First Solar are nearing financial close on the 55MW Bangweulu project in Zambia – which would make it the first successfully financed under IFC’s Scaling Solar programme
KfW has announced details of the first round of GET FiT Zambia to procure 100MW of solar capacity. GET FiT Zambia follows on from the programme’s initial launch in Uganda
Jürgen Rigterink, CEO of Dutch development finance institution FMO, will depart the bank to join the EBRD as first vice-president
Requests for prequalification for Egypt’s 6 October dry port PPP have been issued with responses due on 7 March 2018. Egypt’s Ministry of Transport issued the invite today to DBFOM the $100 million project
Egypt’s Electricity Transmission Company has invited prequalification bids for 600MW of BOO solar capacity in the West Nile region
Mayer Brown will open an office in Tokyo in the first half of 2018, the law firm has announced.
Trade credit insurer Euler Hermes has named Virginie Fauvel as its new chief transformation officer and head of its Americas business.
A US Senate committee will vote on the nominations for the board of directors of the US Export-Import Bank on 19 December, according to an announcement.
UKEF has signed a €270 million ($318 million) loan agreement with the government of Uganda to finance the country’s second international airport.
The Asian Infrastructure Investment Bank’s board of directors have approved up to $239 million in senior debt for Oman Broadband Company’s broadband infrastructure project
Sierra Leone’s Parliament has ratified project agreements for the 143MW Bumbuna II hydro expansion project
Finacity has won the mandate to advise Greece’s Public Power Corporation (PPC) on securitising its receivables portfolio.
There’s been a boom in political risk and trade credit insurance in recent years, with plenty of new entrants in the space. This has driven down premiums, but far from diluting the product offering, increased competition has also led to innovative new products, writes Marcus Alcock.
Afreximbank has signed a wide-ranging MoU with Morocco’s Attijariwafa Bank, pledging cooperation on a range of project and trade finance initiatives.
UK trade finance specialist Seneca Trade Partners (STP) has named Mark McGuire as a director and shareholder.
Wilmar has brought two more directors onto its board following the stepping down of one of its members.
South Africa’s Cabinet has approved an updated version of its Integrated Resource Plan and Energy Minister David Malobo has signed off on the procurement of the remaining 27 projects under the government's renewable energy independent power procurement programme
Egypt is reviving plans for a solar project at Kom Ombo, boosting capacity to 500MW from a previously planned 200MW. The government has also set the max tariff at around half of the amount awarded to the recently closed FIT II projects