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Collingwood joins Finverity

Finverity, the mid-market supply chain finance platform with a focus on emerging markets, has made Alex Collingwood head of corporate sales and origination

DFI approves India gas

Asian Infrastructure Investment Bank (AIIB) approved a non-sovereign loan on a $557 million project to distribute gas in southern India.

Uzbek selects winner for 2 solars

Uzbekistan's Ministry of Energy (MOE) has announced the winning bidder for the tender to develop 2 solar farms, with a total capacity of more than 400MW, in Uzbekistan's Samarkand and Jizzakh regions

AfDB lends on Ugandan road projects

The AfDB has signed with the government of Uganda two loans totalling $347.8 million for two road rehabilitation and upgrade projects

Pakcan steps up in Citi progression round

Ebru Pakcan has been named head of the EMEA emerging markets cluster at Citi, replacing Atiq Rehman whose retirement was announced in March. The appointment is effective immediate

BNDES finances 700MW solar complex

BNDES is financing the development of 14 solar PV plants in Brazil – the largest solar complex under construction in Latin America

DFC & FMO join forces for Covid recovery

The US International Development Finance Corporation and FMO, the Dutch entrepreneurial development bank, have announced the DFC-MASSIF Covid-19 Response Co-Financing Facility

IFC to lend on MENA healthcare provider

The IFC is considering a $45 million loan in Jersey-registered healthcare provider Integrated Diagnostics Holdings to fund expansion plans in Egypt and beyond

EIB supports Ghanaian development bank

The EIB has agreed to invest €170 million in the newly established National Development Bank of Ghana to support the country’s energy and infra recovery from the Covid-19 pandemic

Afreximbank closes $1.3bn bond

Afreximbank has closed a $1.3 dual tenor bond issuance – its largest ever transaction in the international debt capital market

JICA set to lend on local Moroccan infra projects

JICA has agreed with Morocco’s Fonds d’Equipment Communal a $165 million loan agreement to finance a range of infra projects for local governments in the North African state

CreditAg signs strategic TF partnership

PrimeRevenue Inc – a key provider of technology-enabled working capital solutions – has announced a strategic licensing partnership with Crédit Agricole CIB

BNDES announces auction of power utility company

BNDES has announced that an auction is to take place on 18 June for Brazilian Companhia de Eletricidade do Amapá (CEA), an energy distributor in the northern Amapa State

Russ joins TF tech specialist

Bank asset distribution tech specialist Tradeteq has named Lenna Russ as its chief revenue officer, operating out of its London offices

HSBC goes global locally

HSBC has launched a multi-currency digital wallet that enables businesses to make and receive international payments securely from one single global account

Mauritanian tech update

Mauritanian Bank for International Trade (BMCI) has partnered with TagPay to roll out its digital bank Masrvi to provide digital, value-added financial services to its customers

TDB lends on Rwandan hospital expansion

The Eastern and Southern African Trade and Development Bank has signed a $13 million loan for the expansion of the King Faisal Hospital in Kigali, Rwanda

Sudan clears DFI obligations

The government of Sudan has signed financial agreements with three European states to clear up to $413 million in arrears on debt owed to several DFIs – clearing the road for fresh infra financing