The Nigerian Ports Authority has agreed a $700 million Citibank loan backed by UKEF to rehabilitate the Apapa and Tin-Can Island ports, in Lagos. The NPA has also opened a discussion with another funding agency to secure financing for upgrading of the Eastern Ports including Calabar, Warri,... More

Acre Impact Capital has received interest from a large pool of investors for second closing of its Export Finance Fund 1 — with investors already at various stages of due diligence — after announcing first closing this week. The fund, with commitments of $100 million at first... More

Saudi EXIM Bank and its Swiss counterpart SERV have signed a reinsurance agreement to boost the Kingdom’s non-oil exports.The move follows Saudi EXIM’s signing of reinsurance treaties with a consortium of global reinsurers led by Swiss Re in Zurich. These agreements will expand global... More

Rio Tinto and Saudi Arabia’s state-backed Manara Minerals Investment are among suitors considering bids for a stake in First Quantum Minerals' Zambian copper mines, according to sources.Japanese trading houses Mitsui & Co. and Sumitomo Corp have also been studying the assets, the... More

Norwegian Cruise Line Holdings has sealed financing to facilitate the acquisition of four new cruise ships, which are destined for Oceania Cruises and Regent Seven Seas Cruises.The loan facilities have been provided by a syndicate of nine banks with Credit Agricole CIB acting as agent in the... More

Saudi EXIM Bank is partnering with Saudi Awwal Bank via the “Guarantee Financing for Export Sector Enterprises” initiative to enhance financing options for enterprises working in the export sector. This collaboration will expand financing opportunities for small and medium-scale... More

ExxonMobil is to proceed with a $12.7 billion deepwater oil project off the coast of Guyana. The project, named Whiptail, has received all necessary government and regulatory approvals, culminating in a final investment decision by ExxonMobil. This move marks the company's sixth deepwater... More

Saudi Arabia is moving closer to a potential deal to acquire a minority stake in a Pakistan mine controlled by Barrick Gold, sources said.Manara Minerals Investment, backed by the Saudi sovereign wealth fund, plans to invest at least $1 billion in the Reko Diq copper and gold mining project, the... More

Intesa Sanpaolo has finalized a loan agreement of €8 million ($8.5 million), backed by a guarantee from SACE, in support of Maniva.The loan will enable the company to invest in a range of sustainability projects. The funding provided by Intesa Sanpaolo plays a significant role in Maniva... More

Lithium Americas is to raise $275 million to accelerate construction and development of the Thacker Pass lithium project in Nevada.The company will sell 55-million shares for $5 a share - a month after the US unveiled plans to lend it $2.26 billion to build the project. The loan is a key part of the... More