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Free Trade Finance 2018 Awards submissions open

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, Orascom and Toyota close on Gulf of Suez wind

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 near close on Scaling Solar Zambia

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’s GET FiT to launch in Zambia

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

FMO CEO leaves for EBRD

Jürgen Rigterink, CEO of Dutch development finance institution FMO, will depart the bank to join the EBRD as first vice-president

Egypt’s 6 October port PPP invites prequalifications

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 EETC invites solar BOO

Egypt’s Electricity Transmission Company has invited prequalification bids for 600MW of BOO solar capacity in the West Nile region

Mayer Brown to open Tokyo office

Mayer Brown will open an office in Tokyo in the first half of 2018, the law firm has announced.

UKEF signs Ugandan airport deal

UKEF has signed a €270 million ($318 million) loan agreement with the government of Uganda to finance the country’s second international airport.

AIIB backs Oman broadband network

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

Finacity to advise Greece’s PPC

Finacity has won the mandate to advise Greece’s Public Power Corporation (PPC) on securitising its receivables portfolio.

Analysis: Old risks, new tricks

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.

Seneca Trade Partners names director

UK trade finance specialist Seneca Trade Partners (STP) has named Mark McGuire as a director and shareholder.

Wilmar reshuffles board

Wilmar has brought two more directors onto its board following the stepping down of one of its members.

South Africa approves power plan and 27 renewables projects

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 outlines solar BOO for 2018

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