Latest News

Total signs Arctic LNG 2 deal

French oil and gas major Total has signed “definitive agreements” with Novatek to acquire a minor stake in a Russian liquefied natural gas (LNG) development

ADB signs loan for Baikonyr solar

Asian Development Bank (ADB) has signed an $11.5 million loan in tenge equivalent for United Green's 50MW Baikonyr solar project in south central Kazakhstan – the first time the multilateral development bank has provided long-term local currency financing for a solar project in Central Asia

InfraCo Africa signs loan for Kenyan solar pilots

InfraCo Africa has signed with Africa-focused renewables developer Gigawatt Global up to $2.2 million in loans for the development of two solar IPPs in Kenya with a combined power output of 20MW – with the additional objective of supporting a negotiated local currency PPA

South Korea extends finance for exporters

The South Korean government has said that it will provide an extra 235 trillion won ($208.8 billion) in financing to support the country’s exporters

ADB seeks technical adviser for Cambodia logistics PPP

Asian Development Bank re-issued today a request for expressions of interest from technical advisory firms to assist Cambodia's Ministry of Public Works on a trade logistics complex PPP project

ADB signs record loan for Mumbai transit

Asian Development Bank and the India government have signed a $926 million loan – the largest infrastructure project loan in the bank’s history – to help implement the $1.675 billion Mumbai metro rail project

EAIF backs GET FiT hydro in East Africa

The Emerging Africa Infrastructure Fund (EAIF) and Kikagati Power Company (KPCL) have signed a $27 million loan for the development of a 14MW hydroelectric dam on the Kagera River on the border of Uganda and Tanzania

Kyrgyzstan seeks director for CARs programme

Kyrgyzstan’s Ministry of Transport and Roads (MOTR) is seeking a director for the first phase of the World Bank-financed Central Asia Regional Links (CARs 1) programme, aimed at improving road links between the Kyrgyzstan and Tajikistan

Queensland approves Arrow’s Surat gas project

The Queensland state government has granted 14 petroleum leases to Arrow Energy’s Surat gas blocks. The total cost is around A$10 billion ($7.1 billion)

WFW takes Clifford Chance Africa team

Watson Farley & Williams has taken a team of Africa-focused lawyers from magic circle firm Clifford Chance, giving it a foothold in the continent with a experienced group of energy specialists

Nwugo takes up regional COO role at Afreximbank

The African Export-Import Bank has appointed Humphrey Nwugo as regional chief operating officer for its Southern Africa regional office, a position he had been performing in an acting capacity

IDB to expand procurement policies

The Inter-American Development Bank is changing its procurement rules, expanding its policies to include topics it considers to be the main challenges in Latin America and the Caribbean

Afreximbank signs MoU with AOI

The African Export-Import Bank and the Arab Organisation for Industrialisation earlier this week signed a memorandum of understanding to cooperate on investments

CBA updates trade finance platform

Norwegian software vendor Commercial Banking Applications (CBA) has confirmed that it has completed the latest release of its IBAS Global Trade Finance Factory (GTF)

Tradewind provides loan to Spanish tubing company

Tradewind has signed on a $500,000 non-recourse export factoring facility with an unnamed designer, manufacturer and exporter of technical tubes and hoses based in Spain

UKEF sign on loans for projects in Ghana

UK Export Finance has signed on funding totalling £130 million ($173 million) for three projects in Ghana involving British companies

Ethiopia signs geothermal drilling contract

A Kenyan-Chinese consortium has signed a contract with Ethiopian Electric Power (EEP) to provide drilling services on a new project to develop geothermal power plants in Ethiopia