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28 July 2014

IFC signs its first agri-loan in DRC

The IFC has signed a loan of $18 million to Terra and African Milling Company Congo, to help the company expand its maize farm and mill in Katanga, Democratic Republic of...

24 July 2014

Russia’s Brunswick Rail signs credit agreement

While some loans to Russian corporates are being hit by the continuing conflict and political trouble in eastern Ukraine, and the now accentuated associated fallout with...

22 July 2014

Scorpio Bulkers secures loans from European banks

New York and Monaco-headquartered Scorpio Bulkers has received a commitment for a $540 million loan from two leading European financial institutions.

22 July 2014

Six more banks banks join SWIFT’s KYC Registry

Six more global banks have signed up to jointly develop SWIFT’s Know Your Customer (KYC) Registry, a centralised repository that maintains a standardised set of...

22 July 2014

BPOs: digital efficiency without the risk

The best of both worlds or a short-lived trend? Bank Payment Obligations offer a compromise between the sluggishness of letters of credit and the risks of open account...

21 July 2014

NBAD looks to energy sector expansion with new appointment

The National Bank of Abu Dhabi (NBAD) is looking to expand its operations in the energy and resources sector, and has appointed Marc Mollema as the managing director and...

21 July 2014

Nordea goes live with Surecomp’s trade finance front-end solution

Nordea has gone live in Frankfurt and London with the stand-alone version of allNETT, Surecomp's web-based trade finance front-end solution.

21 July 2014

IFC and Bladex team for LatAm commodity finance

IFC and Banco Latinoamericano de Comercio Exterior (Bladex) have signed a risk-sharing facility of up to $350 million to expand access to trade finance for agribusinesses...

21 July 2014

EBRD arranges A/B loan for Turkey’s Ford Otosan

The European Bank for Reconstruction and Development (EBRD) is providing a €140 million ($188.6 million) loan to leading Turkish commercial vehicle maker Ford Otomotiv...

17 July 2014

African agriculture – a world-beating business within 20 years

African agriculture stands at a crossroads and it alone is responsible for taking the right path. The sector has the potential to become a world beater within two...

17 July 2014

Mobile finance shifting to rural areas

Mobile finance has undergone strong growth in recent years, with more than 220 operational platforms worldwide. While the majority of these have so far been confined to...

16 July 2014

Trafigura launches India’s first online refined metal retail platform

Commodity trader Trafigura, has today launched India’s first online refined metal retail platform – known as Lykos.

15 July 2014

Entrepreneurs in Africa plug into new technologies

Key innovations and technologies are helping to drive change across Africa’s agricultural value chains, from mobile payment systems to centralised information registries....

11 July 2014

Afrexim and banks sign bridge facility for Abidjan port project

The African Export-Import Bank (Afreximbank), together with a syndicate of commercial banks, has arranged a €200 million ($271.9 million) syndicated bridge financing...

10 July 2014

ICC’s Global Survey: reading between the (credit) lines

TXF talks to Vincent O’Brien, chair of the International Chamber of Commerce (ICC) Banking Commission’s Market Intelligence Group on the ICC’s Global Survey 2014:...

09 July 2014

Protection for a price – crop insurance takes root

Despite having nearly 20% of the world’s cultivated land, Africa’s share of the global agricultural market measured by insurance premiums paid is smaller than 1%,...

08 July 2014

Livestock – more than a commodity

Value chains like livestock and dairy face a unique set of challenges, giving them a reputation as being higher risk than those for soft commodities like grains.

08 July 2014

StanChart appoints new head of trade, product management

Standard Chartered (StanChart) has appointed Michael Vrontamitis as head of trade, product management. He is based in Hong Kong and reports to George Nast, global head,...

07 July 2014

Official launch of East Africa Exchange gives agri-trade a boost

In a landmark development for agri-trade in Eastern Africa, the commodity-focused East Africa Exchange (EAX) has been officially launched. The regional commodity exchange...

07 July 2014

Agriculture gets its Act together

Governments in African, Caribbean and Pacific countries have a huge responsibility to support agriculture, which in many cases employs more than half the population and...