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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

ICIEC sings MoU with UKEF

The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) has signed an MoU for cooperation with the UK’s export credit agency – UK Export Finance

EIB mulls loan for Egyptian wastewater treatment

The EIB is considering a €78 million loan to the government Egypt for the €200 million expansion of the Helwan WWTP in the Greater Cairo area.

TDB recruits senior adviser

The Eastern and Southern African Trade and Development Bank has appointed Tim Turner as senior adviser to CEO Admassu Tadesse and the executive team

Kenya water pulls in European support

Agence Française de Développement (AFD), the European Investment Bank and the National Treasury of the Government of Kenya have signed an agreement to deliver a major water project in the east African country

USTDA opens office in Nairobi

The USTDA has opened its latest overseas office in Nairobi, the capital city of Kenya – its fourth branch in Sub-Saharan Africa

Kopff takes head role at Euler Hermes

Euler Hermes Group is making Clarisse Kopff chief executive and chair of the board of management from the end of this calendar year, replacing Wilfried Verstraete who is stepping down after 12 years in the role

EBRD/EU support Moroccan green energy

The European Bank for Reconstruction and Development and the European Union are supporting green investments by the private sector to strengthen Morocco’s economic recovery amid the uncertainty of the coronavirus pandemic

ADB’s Covid support for Mongolia

The Asian Development Bank (ADB) has signed a $15 million loan to support Ulaanbaatar Flour (UBF) and Tavan Bogd Foods (TBF) and the wheat supply chain in Mongolia during the coronavirus pandemic

IFC talks a lot of hot air in Africa

An IFC-commissioned renewables study on Africa estimates a continent-wide wind potential of up to 180,000TWh per year – enough to fulfil Africa’s power demands 250 times over

Italian bank takes to SIA

European payment services tech specialist SIA – owned by CDP Equity – has launched a new platform that allows banks to digitize trade finance processes, making it faster for corporates and SMEs operating in markets around the world to manage documentary credit dossiers

NIB supports Finnish shipping

The Nordic Investment Bank (NIB) and Finnish shipping company Finnlines have agreed a loan of €30 million ($35m) to finance the acquisition of three new hybrid cargo vessels

NIB finances Lithuanian airports upgrade

The Nordic Investment Bank and State Enterprise Lithuanian Airports have signed a €70 million loan agreement for infrastructure upgrades at 3 major airports yesterday

Sri Lanka shelves Colombo LRT

The Sri Lanka government has officially shelved the Colombo light rail transit project in the capital city

Brazil to launch a prison PPP

The Brazilian state of Rio Grande do Sul will build a penitentiary under a public private partnership structure

Lekela to add energy storage to Taiba N’Diaye wind

The USTDA has signed a grant to Dutch energy developer Lekela Power to fund a feasibility study for a 60MWh battery component at its 158.7MW Taiba N’Diaye wind farm in Senegal

Sixth bank joins Huemul financing

A sixth financial institution is participating in the debt package for Mainstream Renewable Power's 630MW second phase of its 1.3GW Andes Renovables portfolio in Chile

Indonesia invites bids for geothermal EPCC

Indonesia-based Pertamina Geothermal Energy, a subsidiary of state-owend oil and gas company Pertamina, has launched a tender for the EPCC contract of the Lumut Balai goethermal expansion project in South Sumatra, Indonesia