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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

TDB selects Newgen

The Eastern and Southern African Trade and Development Bank (TDB) is going live with Newgen Software’s electronic document and records management system (EDRMS) product suite

Myanmar towers sale advancing

The sale process for a telecoms towers company in Myanmar is progressing, with shortlisted bidders through to a second round

Kofax seeks growth in TF world

Kofax, a supplier of intelligent automation software for digital workflow transformation, has this week unveiled its new Trade Finance Solution

Australia's ECA hires in director

Export credit agency Export Finance Australia has hired Mark Halpin as director, project and structured finance, this month in Sydney

Helios Towers issues bond for African telecoms

Africa-focused telecoms company Helios Towers has raised a $750 million bond to finance its telecoms programme run by subsidiary HTA Group

KEFI sets new FC target for cheaper Tulu Kapi mine

Cyprus-based mining developer KEFI Minerals has revisited the financing for its $221 million Tulu Kapi gold mine in Ethiopia with a reduced capex and new indicative schedule

IFC supports Uzbek TF bank

The IFC is providing a pre-privatization loan of up to $35 million equivalent to Uzbekistan trade finance lender Ipoteka-bank to expand its financing to SMEs

EBRD weighs in for Egypt

The EBRD is supporting the Egyptian economy with a $200 million financing package to National Bank of Egypt for trade and for on-lending to local companies impacted by the coronavirus pandemic

TBI holds its rating

Fitch Ratings has affirmed Trade Bank of Iraq's long-term issuer default rating (IDR) at B- with negative outlook. A full list of rating actions is below

Emilio Estevez joins Tradewind

Tradewind Finance has hired in Emilio Estevez as vice president of sales, operating out of its New York office

Zambia invites advisory bids for FiT renewables scheme

The National Pension Scheme Authority of Zambia has invited transaction advisory bids from consultancy firms for the Zambia Renewable Energy Financing Framework programme which will make use of a feed-in tariff

Parekh to take major US role

A significant role is set to be filled – if approved by Senate – on the US board of directors for the International Development Finance Corporation

DFI approves Philippines water loan

A development finance institution has approved a $126 million loan to a government-owned water utility in Manila to finance the construction of a water transmission pipeline

AfDB supports Egyptian green energy

The African Development Bank has approved a €225 million loan to finance Egypt’s Electricity and Green Growth Support Program

EBRD doubles support for Cyprus

The European Bank for Reconstruction and Development has doubled the trade finance limit to Bank of Cyprus from €50 million to €100 million

Surecomp launces Fastrade for digital TF

Surecomp – the trade finance and treasury solutions provider for banks and corporations – has gone live with Fastrade, a front-office solution designed specifically for SMEs

Details emerge on Afghanistan’s DFI-backed IPP

A timeline has emerged in which the lenders on a debt financing package of Afghanistan’s first long-term independent power producer anticipate to reach financial close

IFC reshuffle in Caribbean, Central America

The International Finance Corporation (IFC) has appointed new regional managers for the Caribbean and Central America after the promotion of Luc Grillet, who previously oversaw both regions