Latest News

Mastercard joins forces Previse on tech

Mastercard and Previse have integrated Mastercard Cross-Border Services – a global push payments platform that enables funds to be sent seamlessly, securely and with certainty to any account – into Previse’s InstantPay platform

d.light-ful deal signed for Africa innovator

d.light – an innovator of solar, lighting and sustainable products focused on the African market – has raised $15 million of equity financing from existing investors, led by Inspired Evolution, with FMO playing a key support role

Teck closes sustainability-linked RCF

Teck Resources Limited – one of Canada’s leading mining companies – has executed a $4 billion sustainability-linked revolving credit facility to reduce carbon emissions, improve health and safety, and strengthen gender diversity in its workforce

UKEF saves the day for tea and coffee

UK Export Finance saved the day for Union Papertech – a specialist supplier to the tea and coffee market – with a loan when it mattered most to cope with impacts of the coronavirus pandemic

Royal Vopak names new CEO

Dick Richelle, a member of the strategic committee of Royal Vopak, will succeed Eelco Hoekstra as chair of the executive board and chief executive from 1 January 2022

ITFC approves loan for SENELEC operations

The ITFC has approved a €100 million Murabaha loan to SENELEC to support the utility’s operations

ADB prepares tender for Philippines ICT PPP

The Asia Development Bank (ADB) is looking for an ICT specialist to prepare a tender for the Information and Communication Technology (ICT) infrastructure PPP in New Clark City (NCC), Philippines

PrimeRevenue launches tech solution

PrimeRevenue – a provider of technology-enabled B2B payments and working capital solutions – has announced its latest innovation… The PrimeRevenue SurePay platform

Unifin closes $100m loan with Bladex

Banco Latinoamericano de Comercio Exterior (Bladex) has closed a $100 million, 3-year senior unsecured syndicated loan for Unifin Financiera

Debt arranged for rail start-up

Transport leasing start-up Nexrail has finalised details on a lending package led by KfW IPEX-Bank for the acquisition of a batch of shunting locomotives

Contour partners with GLEIF

Contour, the digital trade finance network, has partnered with the Global Legal Entity Identifier Foundation (GLEIF) to enable the use of legal entity identifiers (LEIs) within its network and to financially support its members in obtaining their own LEI

JICA signs grant for Ghanaian roundabout

JICA has signed with the government of Ghana a $32.4 million grant for the construction of a roundabout on Tema Motorway

Balfour Beatty agrees sustainabiltiy linked loan

Infrastructure group Balfour Beatty has reached agreement for the conversion of its £375 million ($518 million) revolving credit facility to a sustainability linked loan, extending the maturity to October 2024. 

IDFC hires Natixis to lead on SDGs

The International Development Finance Club (IDFC) has appointed Natixis to develop a framework for Public Development Banks (PDBs) to align their activities with the United Nation’s Sustainable Development Goals

Loan prepped for Jamaica DG solar

UK-based Soleco Energy is working with development finance institution IDB Invest on a debt package for a distributed generation solar portfolio in Jamaica

IDB Invest arranges debt for Bahamas solar

Development finance institution IDB Invest is arranging financing for a 11MW (DC) solar project in the Bahamas alongside local sponsor Lucayas Solar Power

Gim Huay Neo joins WEF managing board

The World Economic Forum announced that Gim Huay Neo has been appointed to the organization’s managing board

IFC in Bangladesh textile deal

The IFC has invested $22.7 million in Hamza Textiles Limited (HTL) – a dyeing and finishing company of Dulal Brothers Ltd (DBL) Group – to improve global competitiveness for Bangladesh’s ready-made garments (RMG) sector

Nord Gold seals new debt agreement

Nord Gold – the internationally diversified gold producer – has announced that Celtic Resources Holdings DAC (a wholly-owned subsidiary of Nordgold) has entered into a 3-year $100 million ESG-linked committed revolving credit facility with a group of international banks