Latest News

Malawi grid receives JICA support

JICA has signed with the government of Malawi a $25.4 million grant to rehabilitation substations in Lilongwe

Algeria becomes EBRD’s 73rd shareholder

Algeria has become the 73rd shareholder of the EBRD, opening up the country for fresh energy and infra investment

LiquidX leading the trade tech field

LiquidX – the global fintech solutions provider for working capital, trade finance, and insurance – is piloting blockchain, smart contracts and AI to automate trade credit policy management and compliance processes and integrate the policies into financial workflows

EIB boosts Georgia recovery

The EIB has provided a €6 million loan to Terabank Georgia to support its lending to micro, small and medium-sized enterprises (MSMEs) in the country

Finacity closes securitization

Finacity Corporation – a White Oak Company – and DZ Bank have successfully launched a trade receivables securitization for Nitron Group, a company headquartered in Greenwich, Connecticut

EBRD backs Ukraine bank privatisation

The EBRD and Ukraine’s state savings bank have agreed to work together towards a pre-privatisation engagement that will help commercialise Oschadbank, improve its corporate governance and attract a robust investor

Cheniere signs long-term SPA with Glencore

Cheniere Energy subsidiary Cheniere Marketing has entered into a LNG sale and purchase agreement (SPA) with a subsidiary of Glencore

Telstra to acquire Digicel Pacific

Digicel Group has agreed to sell its subsidiary Digicel Pacific, to a subsidiary of Australian telco Telstra, at a purchase price of $1.6 billion

BNDES mandated for new public lighting project

Brazilian development bank BNDES has been mandated to develop a new public lighting PPP for Caxias do Sul, the second-largest city in the state of Rio Grande do Sul.

EIB supports pharma innovator

The European Investment Bank (EIB) is providing a €45 million loan to part-finance HIPRA's investments, working capital requirements and research, development and innovation activities for developing a new COVID-19 vaccine

ADB shortlists Philippines transport PPP

Asian Development Bank (ADB) last Friday (22 October 2021) announced the shortlisted advisers to prepare a project preparation study (PPS) for the Tri-City Ferry system PPP in northwestern Luzon.

Mastercard ramps up supply chain finance tech

Mastercard has signed up to a supply chain finance capability within Track Business Payment Service (Track BPS) that will increase access to working capital while lowering costs, reducing complexity and risk, and accelerating automation when businesses pay and get paid

OECD blow has coal scuttling for cover

An agreement has been reached at the Organisation for Economic Co-operation and Development (OECD) to call an end to export credit support for unabated coal-fired power plants

SocGen’s Cailly takes on new challenge

Long-established Societe Generale banker Nicolas Cailly has been confirmed as the new head of payments and cash management within the global transaction and payment services business unit

Details emerge on Ukraine port PPP

Further details have emerged on the proposed Chornomorsk Port PPP that was announced last week with the IFC and EBRD set to play pivotal roles

Vietnam wind signs debt

A consortium led by Vietnam-based Power Engineering Consulting 2 has signed debt for the 75MW Tan Thuan nearshore wind power project in Vietnam

Philippines to continue steel mill, Chinese partner quits

Philippines-based nickel producer Global Ferronickel Holdings (FNI) has decided to continue developing the $50 million steel mill after Hong Kong-listed Huarong Asia backed out

ECI joins Berne Union

The export credit company of the UAE – Etihad Credit Insurance (ECI) – has been voted in as a permanent member of the Berne Union, an international association of export credit and political risk insurers