Latest News

Buys takes top mining role at ArcelorMittal

Stefan Buys has been nominated executive vice president of ArcelorMittal and appointed chief executive of ArcelorMittal Mining

Invest International launched

Invest International has launched as a private company led by chief exec Joost Oorthuizen to support Dutch companies with international financing of innovative solutions that contribute to the realization of the Sustainable Development Goals

Europe-backed petchem expansion in Uzbekistan takes shape

European banks and export credit agencies are supporting the development of Uzbekistan’s oil and gas industry by financing the expansion of a petrochemical plant in the southeast

Proparco supports African telecoms

Proparco has stepped in to support Aktivco in its bid to improve the energy efficiency of telecom towers across Africa, part of a bigger deal valued at €60 million

Olam closes sustainable financing

Olam International Limited – the food and agri-business – has continued to pursue sustainable financing with the issuance of a JPY5.5 billion ($50m) five-year sustainability-linked transaction

Trafigura completes Puma recapitalisation

Trafigura Group and Puma Energy has completed the $500 million rights issue to recapitalise Puma Energy following receipt of regulatory approvals

FMO and REPP lend on Winch Energy’s mini grids

London-based off-grid developer Winch Energy has signed with FMO and REPP a $4 million debt package to finance 49 mini grids across Sub-Saharan Africa

UAE joins EBRD

The United Arab Emirates has become a full member-state and the 72nd shareholder of the EBRD, opening up new investment opportunities in energy and infra across the DFI’s regions

KfW IPEX-Bank sets up shop in Bogotá

KfW IPEX-Bank is establishing a new representative office in Bogotá to be headed up by Frank Breitenbach.

EBRD / IFC to take stake in Uzbek bank

The EBRD and the IFC are promoting increased private-sector participation in Uzbekistan’s banking sector by acquiring stakes in TBC Bank Uzbekistan (TBC UZ), a subsidiary of TBC Bank Group

ADB sells $3bn global benchmark bond

The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a $3 billion, 3-year global bond – proceeds of which will be part of ADB’s ordinary capital resources

EBRD supports Armenian evolution

The EBRD is providing a $5 million financial package to Inecobank in Armenia to facilitate the private sector’s transition to more sustainable, low-carbon and climate-resilient practices

India Exim Bank backs Maldives housing

Export-Import Bank of India has extended 2 buyer’s credit (BC) facilities under its National Export Insurance Account

IDB Invest & GBTI join forces for trade finance

IDB Invest has incorporated Guyana Bank for Trade and Industry (GBTI) into its Trade Finance Facilitation Program (TFFP) through a guarantee and funding facility

DFIs back telecom power vehicle

Three DFIs have signed on a €60 million debt package for Africa-focused investment vehicle AktivCo which supports the development of captive power operations for telecom operators

Sembcorp issues $675m sustainable-linked bonds

Singaporean renewable energy company Sembcorp Industries has raised S$675 million ($495.75m) through its sustainable-linked bond, anchored by an investment of S$150 million from the International Finance Corporation (IFC).

OPEC share of the COCOBOD deal

The OPEC Fund for International Development is contributing $50 million as one of the lead arrangers finance the Ghana Cocoa Board (COCOBOD) deal that Trade Finance Analyticsv reported on last week

Germany backs SEFA

The government of Germany will contribute €100 million to SEFA to enable private sector investment in utility-scale renewables across the continent

Horizonte onboards senior lenders for nickel project

Horizonte Minerals has received credit approvals for the second financing tranche of its Araguaia nickel project, following confirmation of the first tranche earlier this month