Latest News

Anadarko reaches FID on Mozambique LNG

An Anadarko-led consortium has announced a final investment decision on the $25 billion Area 1 Mozambique LNG project in the Rovuma Basin in offshore Mozambique

IDB to invest in Argentine hydro

IDB Invest will finance modernization of the Salto Grande bi-national hydroelectric complex, which serves Argentina and Uruguay

Tinubu Square appoints new group sales director

France-based provider of digital credit insurance, surety and trade finance solutions Tinubu Square has appointed Sophie Riottot as its group sales director

ADB seeks engineering adviser on Timor-Leste port

The Asian Development Bank has requested engineering companies express their interest to advise the Timor-Leste government on a port PPP project

Former Lloyds MD Rigby joins Stenn International

Stenn International, a UK-based supply chain and trade finance provider, has hired Chris Rigby, the former head of asset-backed commercial paper conduit business at Lloyds

Côte d'Ivoire invites TA bids for EU-backed renewables

Côte d'Ivoire’s Ministry of Economy and Finance is inviting bids from consultancy firms to carry out the technical advisory role for a renewables programme of independent power producers (IPPs)

JICA signs loan for Basra refinery

The Japan International Cooperation Agency has signed with Iraq’s Ministry of Oil a $1 billion loan for the $3.7 billion Basra Refinery Upgrading Project II

DBSA signs loan for Bumbuna II hydro

The Development Bank of Southern Africa (DBSA) has signed with London-based renewables developer Joule Africa a $4.9 million loan for the $650 million, 143MW Bumbuna II hydropower project in Sierra Leone

EOI out on Pakistan Development Fund advisory

Pakistan has invited international consulting firms to express their interest to advise on strengthening the federal PPP framework and enabling reforms for infrastructure financing

EBRD mulls another Kosovo wind loan

The EBRD is considering a loan of $62 million for a 105MW wind farm in the municipality of Mitrovica in northern Kosovo

OPIC approves loan for Lekela's Egypt wind farm

OPIC has approved a $87 million loan for Africa-focused renewable energy developer Lekela Power to fund its $326 million, 250MW wind farm in the Gulf of Suez – 30km from Ras Ghareb, Egypt

Greensill Capital acquires Finacity

Non-bank working capital provider Greensill Capital has acquired the US-based receivables securitisation specialist Finacity for an undisclosed fee

State approval for Euler Hermes-backed Beyondie mine

The government of Western Australia has granted the environmental approval for Kalium Lakes’ sulphate of potash production at Beyondie in the Sunshine Lakes area, 1,200km north of the capital Perth

Telecom Argentina closes loan with IDB

Telecom Argentina has closed a financing package with IDB Invest for up to $300 million, to allow the expansion of broadband services

ICC: Trade finance default rates remain low

Default rates for trade finance products over the last decade have been below 1%, according to the latest report from ICC Banking Commission

Cambodia logistics PPP transaction adviser named

The Asian Development Bank (ADB) has selected a transaction adviser to assist Cambodia's Ministry of Public Works (MPWT) in selecting a private developer for a logistics PPP project