Latest News

Analysis: Institutional investors in trade finance

Trade finance is becoming increasingly attractive for institutional investors, although there are difficulties to overcome. Peter Taberner reports

SWIFT to extend GPI Tracker to all messages

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 Metro Red Line closes financing

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.

African free trade deal will benefit developed nations most: Moody’s

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.

EEP invites hydro bids

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.

Turkey's Çanakkale bridge financing signs

Financing for Turkey’s €3.1 billion Çanakkale toll bridge signed on 16 March, sources close to the deal have confirmed.

Africa50 appoints Hasnani as infra investments head

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 closes on Namibia PV

Alten Africa has reached financial close on the 37MWac Hardap solar PV plant in the Mariental municipality of south-central Namibia.

Firms optimistic despite protectionism fears: HSBC

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 prices $608m aircraft securitisation

British Airways has priced a $608 million securitisation to finance the delivery of Airbus and Boeing aircraft, according to sister publication Airfinance Journal.

DBSA seeks W2E PPP advisory

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.

DRC sounds out industrial zone pilot 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

SBI completes digital turnaround

State Bank of India (SBI) has completed a digital turnaround after a 14-month process and has released figures pointing to its success.

Africa50 names top lawyer

Africa50, the infra investment platform capitalised by the AfDB, has appointed Kimberly Heimert as general counsel.

Trafigura signs $5.73bn RCF and JPY loan

Trafigura has signed a $5.725 billion European revolving credit facility with a syndicate of around 50 banks – its largest ever revolver.

World Bank backs Gaza rooftop PV

World Bank group members IFC and MIGA are providing financing for a $12 million rooftop solar PV project in Gaza, Palestine.

KSure to back Turkey’s Çanakkale bridge

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