Finnvera has issued a credit risk guarantee to cover the financing of Nokia’s receivables from Safaricom Telecommunications Ethiopia, a subsidiary of Safaricom.The total amount of guaranteed receivables is €100 million, with a payment term of 23 months. Nokia’s deliveries consist of... More

A project to construct the Nakkas-Basaksehir section of the €1.43 billion (over $1.5 billion) Northern Marmara Motorway in Turkiye has reached financial close.The section is being developed under a BOT model. Led by Ronesans Holding, the project consortium also includes international partners... More

Export Development Canada and Vietnam-based conglomerate Masan Group are partnering on trade in key sectors of focus including agri-food, consumer goods and mining.EDC will open its first office in Vietnam in late November, and the MoU aims to foster deeper economic collaboration between Canada and... More

MIGA and Etihad Credit Insurance are to coordinate their activities in promoting foreign direct investment by providing co-insurance and reinsurance guarantees. The two companies will combine ECI’s trade credit insurance experience with MIGA’s capacity to provide guarantees to... More

Rio2 has agreed a $150 million financing package for construction and general working capital of its 100%-owned Fenix Gold Project in Chile.The total financing package is comprised of:$120 million financing package with Wheaton Precious MetalsOvernight marketed public offering of common shares of... More

China Gas Hongda Energy Trading and Vitol have signed a long-term LNG swap agreement.Vitol is set to buy 0.5 million metric tonnes of LNG from China Gas’ contracted US volume on a free-on-board basis and sell equally as much to the Chinese company on a delivered ex-ship basis starting in 2029. More

TotalEnergies will sell its fuel distribution activities in Brazil to SIM Distribuidora, a Brazilian company. The transaction involves a network of about 240 filling stations and several storage facilities for petroleum products and ethanol.SIM Distribuidora belongs to Grupo Argenta, which has more... More

BNY and Mizuho Bank are partnering for correspondent bank network connectivity for international trade.Through the agreement, both banks are able to enhance their services to clients through frictionless access to each other’s trade network. Powered by BNY’s Trade Network Access Service,... More

South Korean steelmaker POSCO has unveiled plans to invest KRW121 trillion ($88 billion) by 2030, including KRW45 trillion ($35 billion) in the international market, in new emissions reduction projects.Of the total, KRW29 trillion ($21.2 billion) will be invested in environmentally friendly steel.... More

Quebec-focused NuVau Minerals is set to go public this month to secure provincial government support for its Bracemac McLeod copper-zinc project in the Matagami camp. The project has a rich mining history, having been operational for over 60 years, and is currently backed by a three-year, C$30... More

The next wave of LNG supply will come online from 2027, later than the earlier forecast of 2025, due to project delays, TotalEnergies' Senior Vice President for LNG Gregory Joffroy said."On the mid-term (outlook), we see some LNG projects that were due to come onstream in the coming months... More

Turaco Gold has raised A$35 million ($23.4 million) through a share placement aimed at accelerating drilling activities at its Afema project in Cote d’Ivoire.The company received commitments for a two tranche share placement, issuing a total of 112.9 million shares at a price of 31 cents... More

Iberdrola has raised a €120 million ($129.8 million) loan from the EIB. The signed debt facility will partially fund a €250 million research and development project into new and improved energy technologies to accelerate energy transition and decarbonisation in Spain. More

France's energy ministry is gearing up to launch tenders for two fixed and three floating offshore wind farms, totalling 9.2GW, in the autumn and winter of 2024/25.The ministry has identified several locations for the projects, including offshore Fecamp in northwest France, offshore Brittany,... More

The UK will move ahead with changes to the contracts for difference (CfD) scheme ahead of the upcoming Allocation Round 7, following the response to its consultation.Amongst the changes to AR7 are plans to extend the phased CfD policy, currently available for fixed-based offshore wind projects, to... More

Statkraft has submitted a planning application to the Swedish authorities for the 2.1GW Baltic Offshore Delta North offshore wind farm in the Baltic Sea.The proposed 105-turbine farm is planned for Sweden’s economic zone, 100km east of Stockholm and 55km east of Sandhamn Island. The area has... More

Landinfra Energy has initiated the consultation process for three offshore wind development projects in Sweden.The three projects are expected to have a combined capacity of 3GW and would require an investment of up to SEK70 billion ($6.6 billion). This capacity corresponds to around 10% of... More

Indonesia’s Ministry of Finance is expected to sign a $1.1 billion ECA-backed loan to finance the procurement of defence equipment from Italian exporters. The deal is being funded by international banks with SACE cover.  Indonesia raised two large Bpifrance-backed defence deals in 2023: a... More