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20 May 2024
in
Metals and Mining

South32 receives Hermosa project funding

The US Department of Defense has awarded diversified miner South32’s Hermosa project, in Arizona, $20 million to support domestic manganese production.The money...

20 May 2024
in
Waste and water

World Bank funds Pernambuco water supply, sanitation project

The World Bank approved a new investment to increase access to water and sanitation for about one million people in rural Pernambuco, in the northeast of...

20 May 2024
in
Metals and Mining

Cosmos to acquire 80% stake in Canadian uranium project

Cosmos Exploration has announced a conditional agreement to acquire an 80% interest in the Fenix Uranium Project in Canada’s Thelon Basin from Northex Capital...

20 May 2024
in
Telecoms and Communications

BII, IFC, Proparco finance Sonatel's telecom infrastructure

Sonatel has secured a XOF57.07 billion ($94.5 million) sustainability-linked facility from BII, IFC and Proparco. BII is providing XOF16.4 billion ($27.1 million) of the...

20 May 2024
in
Transport

Spiro gets funding to expand EV footprint in Africa

African EV group Spiro has signed heads of terms for a $50 million debt facility with Afreximbank.Spiro says it will use the funds to enhance its operational capabilities...

20 May 2024
in
Other

EBRD extends trade finance line to Quds Bank

EBRD has made an additional investment of $3 million towards its existing trade finance line with Quds Bank, elevating the total available amount to $15 million.This...

20 May 2024

Aramco signs MOUs with US firms Aeroseal, Spiritus and Rondo

Saudi Aramco has signed three MoU with US companies Aeroseal, Spiritus and Rondo to develop potential lower-carbon energy solutions.Aramco and Aeroseal agreed to deploy...

20 May 2024
in
Oil & gas

Tanzania signs JV agreement for mini LNG project

The Tanzanian government has signed a Head of Terms agreement with Rosetta Energy Solutions and Africa 50 to undertake a mini LNG project.The mini LNG project aims to...

20 May 2024
in
Telecoms and Communications

World Bank boosts digital public infrastructure in Espírito Santo

The World Bank has approved a project that will help strengthen digital infrastructure resilience, modernize emergency management, and improve digital public...

17 May 2024

Austria to allocate €500m for Ukraine insurance

Austrian ECA OeKB and the ministry of finance will start accepting applications for export and investment insurance in Ukraine via a special fund.Around €500 million...

17 May 2024

Ukraine to launch investment credit insurance to mitigate war-related risks

Ukraine is unveiling a new product through its ECA to provide investment credit insurance. This insurance scheme aims to safeguard investments against the risks...

17 May 2024
in
Renewables

ADNOC ships 'thousands of tonnes' of blue ammonia from UAE to Japan

ADNOC has shipped “thousands of tonnes” of blue ammonia to Mitsui in Japan for use in power generation.While the company had previously delivered test cargos...

17 May 2024
in
Chemicals/Petrochemicals, Oil & gas

Pakistan-China close in on giant petrochemical partnership

Pakistan is poised to cement a partnership with China on a new crude-to-petrochemical refinery project. The agreement, which would involve Saudi Aramco, Pakistan State...

17 May 2024
in
Metals and Mining

Drop in critical mineral prices mask risks of future supply strains

Prices for key minerals used in clean energy technologies dropped in 2023, but new IEA analysis shows need for greater and more diversified investment to support efforts...

17 May 2024
in
Renewables

10MW Tunisian solar project receives EBRD funds

EBRD is financing the construction of a 10MW solar power plant in the Feriana region of Tunisia.The financing package entails a €3.9 million EBRD loan and up to...

17 May 2024
in
Renewables

NEXI backs Calik Enerji financing

NEXI is backing a $100 million Deutsche Bank loan to Turkish energy group Calik Enerji.The loan, with 100% political risk cover and 90% commercial risk cover, will be...

17 May 2024
in
Other

IFC and Ecobank Transnational support trade finance in 7 African countries

To promote trade and foster economic growth in Africa, IFC announced trade finance facilities with seven Ecobank Transnational Incorporated (ETI) subsidiaries operating...

17 May 2024
in
Oil & gas

Mozambique LNG: When will funds be disbursed?

The financing backing TotalEnergies’ Mozambique LNG project was taken out of the financial fridge earlier this year but funds are yet to be disbursed. With the latest...

17 May 2024
in
Oil & gas

Petrobras CEO and CFO are fired

Brazil President Luiz Inacio Lula da Silva shook up the leadership of Petrobras, firing the chief executive officer and one of his top deputies after months of...

17 May 2024
in
Power

US to offer up to $3.4bn for nuclear fuel makers in June

The US plans to start soliciting bids worth as much as $3.4 billion to buy domestically produced nuclear reactor fuel as soon as next month, according to a government...