Latest News

MIGA issues record volume of guarantees in FY19

The World Bank’s Multilateral Investment Guarantee Agency issued $5.5 billion in guarantees to cross border investors in FY19 – a new record for the organisation

Brazil moves ahead with BNDES-backed nuclear

Brazil’s president Jair Bolsonaro has signed a decree that includes the nuclear power plant Angra 3 in the projects list of the country’s procurement agency, PPI

DEG arranges loan for Kenyan SME bank

DEG has arranged a $100 million long-term Tier II loan to Equity Bank of Kenya for it to assist local SMEs

Senegal’s Scaling Solar projects reach close

A consortium led by Engie and Meridiam reached financial close yesterday (18 July 2019) on two solar PV plants in Senegal being developed under the IFC’s Scaling Solar programme

Euler Hermes approves Beyondie potash guarantee

German export credit agency Euler Hermes has approved the credit guarantee for KfW IPEX-Bank’s loan to finance Kalium Lakes’ sulphate of potash production at Beyondie in the Sunshine Lakes area, 1,200km north of the state capital Perth in Western Australia

EIB and FMO sign up to renewAfrica covenant

The European Investment Bank (EIB) and FMO have signed up to the renewAfrica initiative, which intends to facilitate and improve financing for renewable energy projects in Africa

BAPCO appoints new chairman

Bahrain Petroleum Company (BAPCO) has appointed former board director Dawood Nassif as its new chairman

H1 2019 Trade Finance league tables

The momentum from Q1 2019 continued through the three months to 30 June, with the total value of transactions totalling just shy of $158 billion

New goals for BNDES

New president of the Brazilian development bank BNDES, Gustavo Montezano, has announced goals for the bank

Cost overruns at Oyu Tolgoi

Preliminary estimates for development capital spend at the Oyu Tolgoi copper and gold mine project in Mongolia have increased by between $1.2 billion and $1.9 billion, lead sponsor Rio Tinto has revealed

Indonesia approves Inpex’s Abadi LNG field

The Indonesian government has approved the revised development plan of development for Japanese oil developer Inpex’s Abadi LNG field

EIB, ICO agree financing for Iberdrola solar

The EIB and Spain's Instituto de Credito Oficial have agreed to provide financing for the development of Iberdrola's 391MW Núñez de Balboa solar PV project currently under construction in Extremadura

Zimbabwe joins Africa50

Zimbabwe has joined Africa50 as its 31st shareholder, becoming the 28th country and first Southern African state to join the pan-African infrastructure investment platform

IFC’s Scaling Solar to enter Togo

The IFC has signed an MoU with the government of Togo for 90MW of solar PV projects in the West African state – becoming the sixth country in the Scaling Solar programme

AIIB approves India renewables loan

Asian Infrastructure Investment Bank has approved a $100 million loan for India’s L&T Infrastructure Finance, which specialises in financing renewable energy