Latest News

DFI approves loan for Bangladeshi water

An Asia-based development finance institution approved today a loan to a $210 million water project across Bangladesh

Aker Energy to issue bonds to AFC

Norwegian oil and gas company Aker Energy has signed with Africa Finance Corporation (AFC) an agreement to issue $100 million of convertible subordinated bonds to the DFI

China Exim lends on Bosnia & Herzegovina motorway

Details have emerged on the financing for the Banja Luka-Prijedor motorway PPP in Bosnia and Herzegovina, which reached commercial close late last year (2018)

IFC's Scalling Solar in Ethiopia delayed, again

The 12 prequalified bidding groups on the IFC's 300MW Scaling Solar tender in Ethiopia have been informed by the Ministry of Finance (MoF) of another deadline extension

CNOOC, Sinopec sign exploration agreement

Beijing-based oil and gas company CNOOC announced today (10 July 2019) that its subsidiary CNOOC China has signed a cooperation framework agreement with Sinopec to optimise potential exploration zones, moderate exploration risks and enhance the success rate of exploration wells off the coast of China

CAF to finance Argentine infrastructure

Latin American development bank CAF has approved a $300 million loan for regional infrastructure in Argentina

Total next to divest North Sea assets

Total is to divest several UK north sea assets to private equity firm HitecVision and Petrogas – the exploration and production (E&P) company backed by Oman-based conglomerate MB Holding – for $635 million

Petrobras to sell gas assets

State-controlled Petrobras has announced a settlement with Brazil’s antitrust body, Cade, to increase competition in the natural gas sector in Brazil

DFI pushes forward on climate bonds

An Asia-based development finance institution (DFI) has come closer to final approval for the creation of a $500 million Asia climate bond portfolio, aimed at promoting development of the climate bond market in AIIB member countries

Africa50 hires new strategy & investor relations head

Africa50 has hired Opuiyo Oforiokuma as its new head of strategy and investor relations, to lead fundraising efforts with public- and private-sector partners

EIB signs loan with Cabo Verde Telecom

The European Investment Bank has signed a $25 million loan with Cape Verde's telecoms company to connect the island country to the $173 million EllaLink subsea cable

Taiwan gas-fired finds insurance covers

An Asia-based export credit agency (ECA) has decided to provide commercial and political risk insurance for a combined cycle gas turbine (CCGT) power plants project in Taiwan

DFI prepares financing for Uzbek water supply and sewage

An Asia-based development finance institution has passed its concept review this week to finance a $658 million, two-phase water supply and sewage project in central Uzbekistan

China's Hanergy to develop solar PVs in DR Congo

Hanergy has signed an EPC+F contract with Congolese energy utility Société nationale d'électricité for the development of up to 400MW of solar projects in the Democratic Republic of Congo

Absa closes upsized syndicated term loan

South Africa-based Absa Bank has signed and closed on a new $500 million two-year term loan, with proceeds to be used for trade finance and other general corporate purposes