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Kazakhstan’s first PPP reaches financial close

The project company of a 66km ring road around Almaty, Kazakhstan has reached financial close on a $585 million debt financing, following nearly 7 months of clearing conditions precedent

DFI loan for LatAm renewables

FinDev Canada, previously known as Development Finance Institute Canada, is arranging a debt package to support lending to 270MW of renewable energy projects in Latin America and the Caribbean

EAIF anchors bond issue for Sonatel

PIDG member Emerging Africa Infrastructure Fund (EAIF) will invest up to $50 million into a $170 million bond issue for West African telecoms company Sonatel

VTB appoints new Europe chair

VTB Bank (Europe) has appointed Nick Hutt as chair of the management board replacing Arthur Iliyav who had been in the position for just under 3 years

UBA names Africa and Nigeria leaders

The United Bank for Africa (UBA) has made Ayoku Liadi and Oliver Alawuba as deputy managing directors in charge of its Nigeria and Africa businesses, respectively

IFC to advise on fibre-optic PPP in Jordan

The International Finance Corporation will advise Jordan’s Ministry of Digital Economy and Entrepreneurship on the procurement of a PPP to expand the country’s national broadband network

EBRD ups the TF stakes

The European Bank for Reconstruction and Development (EBRD) has increased the total exposure limit of its Trade Facilitation Programme (TFP) to €3 billion

EIB and ICO jump in for Spanish renewables

Iberdrola today (8 July) signed an agreement with the EIB and the Instituto de Crédito Oficial (ICO) to drive the green recovery by developing new renewable energy capacity in Spain

PrimeRevenue secures TF patent

PrimeRevenue – a leading platform for working capital finance solutions – has been granted US Patent Number 10592943 titled Supply Chain Finance System

UKEF to the rescue for Turkey deals

The Export Credit Bank of Turkey will provide $79.2 million (€70m) of reinsurance support to the UK Export Finance Agency (UKEF) for its power projects in Iraq

Financing plans emerge on Uzbek solar

A DFI has detailed ways to mitigate financial risks, to attract project finance from international banks, for a more than 1GW programme of solar PV IPP projects in Uzbekistan

Bidding opens for Madhya Pradesh road PPPs

The Government of Madhya Pradesh, a state in India, has tendered 7 roads PPP packages, under the hybrid annuity model

NIB, RLB to support struggling renewables SMEs

NIB and Danish Ringkjøbing Landbobank are offering 10-year loans to credit constrained businesses financing environmental projects in Denmark

Kyzer Software to the TF rescue?

Asian Development Bank estimated $1.5 trillion worth of requested trade finance was rejected last year (2019) – a figure that could rise to $2.5 trillion by 2025, according to World Economic Forum

Sudan to launch TF fund

Sudan is to create a trade financing fund with a portfolio of some $2 billion to aid the import and export of key commodities, according to the Finance Ministry

Zambia invites advisory bids for IPP review

The government of Zambia has invited EoIs from consultancy firms to carry out a review of IPPs in the Southern African state

OFID signs loan for Mali road rehab

The OPEC Fund for International Development has signed with the government of Mali a $20 million loan for rehabilitation of the 111km Sevaré-Boré road in the Mopti region

Global support for trade finance

The heads of multilateral development banks and the World Trade Organisation have issued a joint statement on supporting trade finance during the Covid-19 crisis

AIIB steps in for Turkey

The Asian Infrastructure Investment Bank’s (AIIB) board of directors has approved loans totaling $500 million to two development banks in Turkey