Latest News

Top Story

USDOT announces port grants

The US Department of Transportation will award $220 million in funding to improve port facilities in 15 states via the Maritime Administration’s Port Infrastructure Development Program

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

Two contracts awarded on Malolos-Clark Railway

Philippines’ Department of Transportation on Saturday signed 2 of the 5 civil works contracts for the Malolos-Clark Railway project in Manila

DFI considers Kyrgyz non-sovereign loan

A development finance institution is evaluating whether to provide a loan to Kyrgyzstan’s largest private broadband operator

Bangladesh’s largest IPP signs debt

The project company of a 745 MW CCGT power plant project about 40km southeast of Dhaka has signed a $642 million loan agreement, following the signing of the EPC contract last month

Multiconsult to study floating solar potential in Kenya

KenGen has appointed Norwegian engineers Multiconsult to conduct feasibility studies for floating solar PV in the basins of three hydroelectric dams in the East African state

Indonesia coal-fired nears debt signing

The sponsors of the 2GW coal-fired power plant Java 9 & 10 in Indonesia are expecting to sign the project debt by the end of August, IJGlobal has learned

Korea bills call for end to coal financing abroad

South Korean lawmakers this week have proposed 4 bills in the National Assembly that would prohibit government-backed institutions from funding coal projects