Latest News

Top Story

BB Energy refinances RCF

Energy trader BB Energy has closed on a new $245 million revolving credit facility that replaces and extends existing debt

Uganda picked for Afrexim’s East African branch

The African Export-Import Bank (Afreximbank) has signed on a deal with the Ugandan government which will see the pan-African lender open its East African regional office in Kampala

AIIB approves Mumbai suburban rail loan

Asian Infrastructure Investment Bank (AIIB) has approved its $500 million loan to expand and upgrade Mumbai’s suburban rail network

ADB signs grant for Nauru solar/battery

The Asian Development Bank signed a $22 million grant to the Government of Nauru on 27 September 2019 for a solar-plus-battery project

BNY Mellon expands deal with KeyBank

BNY Mellon and KeyBank are expanding role the former plays in processing trade finance transactions for the later

EBRD mulls support for Lebanese power grid

The EBRD will consider an $80 million loan with the government of Lebanon for a project to upgrade the electricity transmission network in northern Beirut

CAF to issue notes to finance Uruguayan rail

The Development Bank of Latin America will provide up to $350 million to finance the construction, rehabilitation and maintenance of the Central Railroad project, also known as Ferrocarril Central, in Uruguay

SACE SIMEST and Ebury sign digital partnership

Cassa Depositi e Prestiti Group’s export and internationalisation hub – SACE SIMEST – has signed a partnership with Ebury to provide Italian SMEs access to a range of digital services to protect against risks related to international exports

EAIF seeks concept note for DRC solar mini-grids

The Emerging Africa Infrastructure Fund has issued an RFP for a concept note required for the project financing of three solar PV mini-grids in the Democratic Republic of Congo

Japan nominates successor to ADB president Nakao

The Japanese government has nominated Masatsugu Asakawa as the successor to the Asian Development Bank’s president Takehiko Nakao, who has resigned

DFI to exclude coal-fired from securitisation platform

An Asia-based development finance institution will exclude coal-fired power projects from a new platform to develop debt securities backed by infrastructure loan assets

ADB selects advisers for Uzbek water PPP

The Asian Development Bank has named a three-strong advisory team to support the Uzbek Government on the transfer of water supply and sewage services in four cities to private operators under a PPP scheme, following a three-month review

ADB funds Samoa port upgrade

The Asian Development Bank has signed a grant to the Samoa Ports Authority for the upgrade of Apia Port

GE to supply turbines for Iraq's Besmaya gas-fired

GE Power has signed a contract with sponsor Mass Energy Holding to supply turbines for the 1.5GW phase 3 expansion of the Besmaya gas-fired combined-cycle power plant near Baghdad, Iraq

EIB and NWB Bank support Dutch water infrastructure

The European Investment Bank (EIB) and Dutch local government funding agency Nederlandse Waterschapsbank (NWB Bank) have committed €200 million ($222 million) to water infrastructure projects in the Netherlands

UKEF hires new Mexico country head

UK Export Finance has appointed Diego Folino as its new country head for Mexico, working out of the British Embassy in Mexico City