Latest News

AfDB approves grant for Ethiopian IPP renewables

The African Development Bank (AfDB) has approved of a $1 million grant through its Sustainable Energy Fund for Africa for the government of Ethiopia’s Renewable Energy Programme

Vicentin signs new pre-export facility

Argentina-based agribusiness Vicentin has signed on a new $150 million long-term financing to support working capital needs

Karimi steps down from FMO board

Dutch development bank FMO has confirmed that Farah Karimi is to step down from its supervisory board as of 10 June

Standard Chartered launches Trade AI Engine to clients

Standard Chartered has launched a new trade document processing tool, developed in partnership with IBM, to clients in 30 countries across Asia, Africa, the Middle East and the UK

EIB invests in Northvolt battery factory

The European Investment Bank (EIB) has committed €350 million ($390 million) to support Swedish green company Northvolt to finance Europe’s biggest lithium-ion battery factory in Skellefteå, Sweden

MUFG revises policy on coal-fired projects

MUFG has set new sustainable finance goals and revised its environmental and social policy framework, with a new ban on financing for new coal-fired power generation projects as of 1 July

ADB seeks EOIs for water PPP in Uzbekistan

The Uzbekistan Government's transaction adviser issued on 18 May 2019 a request for expressions of interest (EOIs) from water sector specialists to help on the transfer of services under PPP in four cities

Multilateral mulls guarantee for Cambodia transmission

The board of a multilateral financial institution expects next month to consider covering the refinancing loans by international lenders to Cambodia's first foreign-owned BOT 230kV power transmission project

BCLP adds finance partner in Singapore

Bryan Cave Leighton Paisner (BCLP) has appointed Dominic Gregory as a partner based in Singapore, strengthening the firm’s global banking practice in Asia

Nigeria seeks China Exim loan for hydro project

Nigeria’s federal executive council will apply for a $1 billion loan from China Exim Bank for the multipurpose 360MW Gurara II hydropower project on the River Gurara in Niger State

Palestine to launch DFI-backed Deir Al-Balah desal

The Palestinian Water Authority will invite bids for the first of two contracts to build the $650 million Gaza Central Desalination Plant and Associated Works Programme which also includes three captive power plants

EIB approves Senegal solar loan

The European Investment Bank has approved of a $13.5 million loan for two IFC Scaling Solar projects being developed in Senegal by an Engie-led consortium

AIIB inaugural bond launches

Asian Infrastructure Investment Bank has officially launched its $2.5 billion inaugural bond on the main market of the London Stock Exchange today (15 May 2019)

Timor-Leste names adviser on airport

Timor-Leste has awarded a Japanese firm an advisory mandate on the Dili airport brownfield PPP in the nation’s capital, following a two month-evaluation period

El Salvador's EDP seeks IDB Invest loan

El Salvador’s Energía del Pacífico (EDP) has requested a $115 million loan from IDB Invest to finance the construction of a power facility and LNG terminal

Bradesco latest to join Marco Polo

Blockchain trade finance network Marco Polo continues to expand its community, with Banco Bradesco of Brazil the latest financial institution to become a member