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Kazakhstan’s first PPP reaches financial close

The project company of a 66km ring road around Almaty, Kazakhstan has reached financial close on a $585 million debt financing, following nearly 7 months of clearing conditions precedent

Adviser sought for West Africa Clean Energy Corridor

The ECOWAS Regional Centre for Renewable Energy and Energy Efficiency has invited EoIs from consultancy firms for the advisory services on the West African Clean Energy Corridor initiative

EETC cancels West Nile CSP tender

The Egyptian Electricity Transmission Company has informed prequalified bidders for the 100MW West Nile concentrated solar power project that the tender has been cancelled

Moroccan bank opts for Finastra

Morocco-based commercial lender CIH Bank has gone live with Finastra’s Fusion Corporate Channels and Fusion Trade Innovation, to digitize its end-to-end corporate banking services

Italian gov ramps up plans for single broadband

The Italian government is rumoured to be seeking to become a prominent shareholder in the broadband company currently being set up to act as a sole service provider in the country

Grupo Ortiz requests IDB receivables loan

Spain's Ortiz Construcciones y Proyectos has requested an up-to-$20 million credit line from development finance institution IDB Invest to pay its suppliers in Panama, Colombia, and Mexico

Strong growth for global TF

The global trade finance market is currently witnessing strong growth, according to a report published by IMARC Group

DFC launches international women’s initiative

Adam Boehler, chief executive of DFC, today joined Ivanka Trump – advisor to the President – to announce DFC’s intent to catalyze an additional $6 billion of private sector investment in global women’s economic empowerment

UKEF drives Vapormatt performance

Bridgwater based manufacturer Vapormatt secured 7 overseas contracts and increased its turnover by 40% thanks to bond support from the UK government’s export credit agency, UK Export Finance

Sberbank’s TF first

Russian financial services company Sberbank has successfully structured a trade finance deal with Egyptian authorities for the purchase of wheat – marking a first for the organisation

Marco Polo dances to Bolero tune

Trade Digitisation provider Bolero International has joined the Marco Polo network, bringing Bolero’s e-Bill of Lading (BL) including e-documents and e-presentation solutions to the trade finance network.

Eskom invites bids for battery storage project

South Africa’s power utility Eskom has invited bids for the development of an 80MW/320MWh battery storage project in Vredendal, Western Cape

Advisory EOIs due on Kazakhstan health

Expressions of interest from consultants are due today – 6 August, London time – to assist Kazakhstan’s Ministry of Healthcare on the priority project of its Hospitals Modernisation Programme, following 2 deadline extensions

UAE appoints new heads for EDB and Emarat

The Emirati government has named energy minister Suhail Al Mazrouei as head of fuel retailer Emarat and ADNOC’s head Sultan al-Jaber as head of Emirates Development Bank

USTDA signs grant for Nigerian renewables study

The USTDA has signed a grant for Abuja-based energy developer Konexa to fund a feasibility study for 2.5MW of solar PV and 30MW of hydropower in Kaduna State, Nigeria

IFC / AIIB wheel out support for Vietnam

The IFC is providing $140 million in loans to Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and Orient Commercial Joint Stock Bank (OCB) to help them support clients, especially SMEs impacted by the Covid-19 pandemic

DFC staffs up advisory council

The US International Development Finance Corporation (DFC) board of directors has approved new members of the agency’s inaugural Development Advisory Council, which advises on ways to increase development impact

PPP potential for Red Line section in Thailand

Thailand is considering a PPP model for the operations of a section of the Bangkok mass transit system Red Line. Meanwhile the ministry has proposed the building of two new rail lines

Petrobras' FPSO reaches FC

Netherlands-based project company Buzios5 MV32 has reached financial close on the financing of an FPSO chartered to Brazilian Petrobras

EoIs due soon for Mercy Corp’s solar mini-grids

The humanitarian aid NGO Mercy Corps is expecting to receive EoIs soon for the design, build, and operate of solar mini-grids at three refugee camps in the Ogaden region of Ethiopia