Latest News

Former COO of AFC joins Clifford Chance

Adesegun Akin-Olugbade, who until December 2018 was the chief operating officer of Africa Finance Corporation (AFC), has joined Clifford Chance as of counsel

Multilateral names Kyrgyz hydro PPPs adviser

A development finance institution has awarded a contract to assist on the project preparation of hydroelectric power PPPs in Kyrgyzstan

IFC mulls loan for Palestine rooftop solar

The International Finance Corporation is considering up to $18 million in loans for a $36 million, 35MW rooftop solar project in the West Bank and East Jerusalem

Tug of war over Anadarko Petroleum

US oil and gas company Chevron last month (April) agreed a $50 billion deal to acquire all outstanding shares in Anadarko Petroleum, but in a twist, Anadarko has resumed talks with Occidental Petroleum on its takeover bid

EPC bids in for Zambia hydro

The Western Power Company (WPC) joint venture has received around 20 responses to the RFQ stage of the EPC tender of the 180MW Ngonye Falls hydropower project in the Western Province, Zambia

NRF transfers Grandage to New York

Nick Grandage, the global head of trade finance at Norton Rose Fulbright, is relocating from London to New York

EBRD lends to Polish wind farm

The EBRD has signed on a local currency loan for the development of the 219.5MW Potegowo wind farm in Poland

EBRD appoints new Egypt deputy head

The European Bank of Reconstruction and Development (EBRD) has promoted Khalid Hamza to the role of deputy head for Egypt

ADB and Ireland set up trust fund for small islands

The Asian Development Bank has signed agreements to establish a trust fund in partnership with the Irish government to fund climate change resilience initiatives in small island states in Asia

EOIs for Tulu Moye EPC expected today

Expressions of interest are due today for an EPC contract for the first 50MW phase of the $2.2 billion, 520MW Tulu Moye geothermal project in the Eastern Rift Valley in Oromia, Ethiopia

Shortlist of one emerges to advise Indian infra investor

A multilateral development bank has shortlisted only one firm to provide technical assistance to an Indian government-anchored infrastructure investor on investment strategy, fundraising and project origination

DFIs sign funding package for Lesotho water project

Three multilaterals have signed with Lesotho’s Ministry of Finance a €190 million ($211.7 million) funding package for a €200 million water project in the Southern African state

EDC opens first US office

Canada’s export credit agency EDC opened its first representative office in the US, located in Atlanta, late last week

Management changes at we.trade

Digital trade platform we.trade has appointed Ciaran McGowan as its new general manager, with its current chief operating officer due to leave the business

Three Germans join Marco Polo

TradeIX has confimed that three German financial institutions have joined its Marco Polo blockchain trade finance network