Latest News

IFC bids for MLA role on Malawi's Salima solar

The IFC is looking to take over the mandated lead arranger role for the $80 million, 60MW Salima solar PV in Dedza, Malawi

Deutsche trade finance veterans retire

Two of Deutsche Bank’s most senior trade and export finance bankers are set to retire with internal replacements lined up

Bangladesh and JICA sign coal-fired loan

The Bangladesh Government and the Japan International Cooperation Agency (JICA) have signed a loan to provide Japanese official development assistance (ODA) of up to ¥143.127 billion ($1.32 billion) for a coal-fired power plant complex in Matarbari

IFC finances Argentine wind project

Argentina-based power company Central Puerto has closed a $76.1 million financing with the IFC for its 88MW La Genoveva wind farm located close to Bahia Blanca, in the southern part of the Buenos Aires province

Perseus Mining signs debt for Yaouré gold mine

West Africa-focused Perseus Mining has signed a $150 million debt facility with three international banks to refinance existing project loans and to fund the development of its third gold mine − the Yaouré gold mine in central Côte d’Ivoire

ADB's opens private sector office in Singapore

The Asian Development Bank is to open an office in Singapore to focus on lending to private sector infrastructure operations

US Exim reauthorisation faces opposition

Politicians and lobbyists are fighting legislation put before US Congress last week that would reauthorise US Exim beyond a September 2019 expiration date

DFIs to sign debt for Ghana’s Eastern Corridor project

DFIs led by the African Development Bank (AfDB) will sign with the government of Ghana a $81.7 million debt package for the $113.27 million first phase of the 695km Eastern Corridor Development Programme

South Africa and UAE sign ECA agreement

The respective export credit agencies of South Africa and the UAE have signed a memorandum of understanding to work together to enhance bilateral trade and economic relations between the two countries

Free Trade Finance Awards 2019 - the winners

Last night the great and the good of trade and export finance gathered in London to toast the winners of this year’s Trade Finance Awards

ECAs to back Papua New Guinea LNG

Australia, Japan and the US – as part of the Indo Pacific Infrastructure Initiative – have selected a liquefied natural gas project in Papua New Guinea as their first $1 billion investment

ADB awards legal mandate on Myanmar road

Asian Development Bank has awarded a legal advisory mandate to assist Myanmar’s Ministry of Construction in enhancing road concessions, following a nearly three-month evaluation of the four shortlisted teams

NDB approves China transport loans

The board of directors at Shanghai-based New Development Bank has approved two transport loans worth a combined $670 million to China

USTDA signs grant for South African CBM

The US Trade and Development Agency has signed a grant with South African mining developer Anglo American for the feasibility study of a coalbed methane (CBM) extraction project in the Limpopo Province, South Africa