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BB Energy refinances RCF

Energy trader BB Energy has closed on a new $245 million revolving credit facility that replaces and extends existing debt

Enel signs offtake with Anglo American in Chile

Enel’s Chilean subsidiary has signed a 10-year agreement with global mining company Anglo American to supply it with up to 3TWh of renewable energy per year

ExWorks signs with UK games company

Specialist financier ExWorks Capital has signed a working capital facility with UK-based videogame publisher Outright Games

German export facility for JSW Steel

JSW Steel has signed in an innovative €48.5 million ($54 million) export finance loan with German lenders

China Exim close to signing Malaysia East Coast Link

Malaysia’s Minister for Transport Loke Siew Fook has revealed that the negotiations with Export Import Bank of China as main lender to the East Coast Rail Link project are finalised

AIIB considers power distribution project in Indonesia

Asian Infrastructure Investment Bank (AIIB) has approved the first stage of its three-phased approval process to fund a $1.05 billion power distribution project in Indonesia

EIB approves loan for Noor Atlas solar

The European Investment Bank (EIB) has approved of a €129 million ($144 million) loan for the €272 million ($303.7 million) Noor Atlas programme in Morocco – 240MW of solar PV split into seven projects in the east and south of the country

Drip Capital completes Series B funding

Indian financial tech solutions provider Drip Capital has raised $25 million in Series B funding as its looks to develop a blockchain platform for trade finance

ADB recruits PPP legal adviser

Asian Development Bank has called for expressions of interest from individuals to provide legal advice for services undertaken by its PPP unit

DFIs close on Lekela's Egypt wind farm

Africa-focused renewable energy developer Lekela Power has reached financial close on its $339 million, 250MW wind power scheme in the Gulf of Suez – a site located 30km away from Ras Ghareb, Egypt

Baker McKenzie hires Meyer in Johannesburg

International law firm Baker McKenzie has appointed trade and commodity finance lawyer Lodewyk Meyer as a partner based in Johannesburg, South Africa

UKEF signs loan for Angolan agri project

UK Export Finance has agreed a $73 million loan to the Government of Angola to support an agriculture project in the country

MIGA issues record volume of guarantees in FY19

The World Bank’s Multilateral Investment Guarantee Agency issued $5.5 billion in guarantees to cross border investors in FY19 – a new record for the organisation

Brazil moves ahead with BNDES-backed nuclear

Brazil’s president Jair Bolsonaro has signed a decree that includes the nuclear power plant Angra 3 in the projects list of the country’s procurement agency, PPI

DEG arranges loan for Kenyan SME bank

DEG has arranged a $100 million long-term Tier II loan to Equity Bank of Kenya for it to assist local SMEs

Senegal’s Scaling Solar projects reach close

A consortium led by Engie and Meridiam reached financial close yesterday (18 July 2019) on two solar PV plants in Senegal being developed under the IFC’s Scaling Solar programme

Euler Hermes approves Beyondie potash guarantee

German export credit agency Euler Hermes has approved the credit guarantee for KfW IPEX-Bank’s loan to finance Kalium Lakes’ sulphate of potash production at Beyondie in the Sunshine Lakes area, 1,200km north of the state capital Perth in Western Australia

EIB and FMO sign up to renewAfrica covenant

The European Investment Bank (EIB) and FMO have signed up to the renewAfrica initiative, which intends to facilitate and improve financing for renewable energy projects in Africa