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Perspective
22 May 2014

AfDB and China announce joint fund for African projects

The African Development Bank (AfDB) and the People’s Bank of China (PBoC) have entered into a $2 billion co-financing fund to be known as the Africa Growing Together Fund...

Perspective
22 May 2014

Ecobank and eleni team to strengthen African agri-financing

Pan-African Ecobank has today signed a memorandum with eleni LLC, the leading proponent and developer of commodity exchanges in Africa, with a view to establishing a...

Perspective
21 May 2014

Ecobank receives AfDB facility for African trade

Pan-African Ecobank has signed a $200 million loan from the African Development Bank (AfDB) to help bolster African trade flows.

Perspective
21 May 2014

New consortium wins Ghana Cocobod mandate for annual PXF

A new banking group with four German banks on board has won the mandate for this year’s annual pre-export financing (PXF) for the Ghana Cocoa Board (Cocobod).

Perspective
20 May 2014

Equinox Global expands London team

Equinox Global, the Lloyd’s cover holder specialising in trade credit insurance, has appointed Vicki Harrison as finance director and Duncan Davies as portfolio account...

Perspective
19 May 2014

Nyrstar secures EFIC support for Port Pirie redevelopment

Belgian-incorporated metals and mining company Nyrstar has signed a binding agreement for the final funding and support package for the redevelopment of the Port Pirie...

Perspective
19 May 2014

National Bank of Fujairah launches STCF product line

National Bank of Fujairah (NBF) has launched its structured trade commodity financing (STCF) programme, as a means to be a one-stop solution for the cross-border...

Perspective
19 May 2014

Commerzbank wins tenth consecutive EBRD award

Commerzbank has claimed the prize for the most active confirming banking in the European Bank for Reconstruction and Development (EBRD) Trade Facilitation Programme (TFP)...

Perspective
19 May 2014

Northland secures record offshore wind farm financing

Canadian power-producer Northland Power has reached financial close for its Project Gemini wind farm at €2.8 billion ($3.8 billion), making it the largest project...

Perspective
19 May 2014

Sahara Energy recruits Trafigura head of finance

Singapore-headquartered Sahara Energy International, the trading arm of Sahara Group, has appointed former Trafigura head of finance Alexander Peters as its new chief...

Perspective
19 May 2014

Mars UK revises supplier payment terms

Mars UK is changing its business payment terms, doubling the length of time it can take to pay suppliers to 120 days from 60 days.

Perspective
19 May 2014

JB's weekly round-up - 19 May 2014

With a week and a half to go, our Paris conference on ECA/DFI Finance has almost sold out. We’re overwhelmed by the support we’ve received from the market and are now...

Perspective
16 May 2014

Western banks launch FX cash management programmes in Shanghai FTZ

Western banks continue to make inroads in the provision of cash management structures and solutions for their clients operating in the Shanghai Free Trade Zone (FTZ).

Perspective
15 May 2014

AfDB approves major loan for Angolan energy sector

The African Development Bank (AfDB) has approved a $1 billion loan for the Angola Power Sector Reform Support Programme.

Perspective
15 May 2014

Citi fires 12 staff over Mexican unit fraud

Citigroup has sacked 12 members of staff in relation to the suspected fraud at its Mexican banking unit that led the group to revise its 2013 income down by $235 million.

Perspective
14 May 2014

ING signs unsecured loan with Norilsk Nickel

Russian metals and mining company Norilsk Nickel has signed a $200 million unsecured loan with ING Commercial Bank (Russia).

Perspective
14 May 2014
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Agri/Soft Commodities, Infrastructure, Manufacturing & equipment, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

Sweden’s SEK and China’s BoC sign ‘green’ export finance facility

Swedish Export Credit Corporation (SEK) and Bank of China (BoC) have entered into a €100 million master export credit facility agreement specifically related to the...

Perspective
13 May 2014

RBS launches RMB cross-border cash pooling

The Royal Bank of Scotland (RBS) has launched renminbi (RMB) cross-border cash pooling for multinational companies (MNCs) registered in the Shanghai Free Trade Zone...

Perspective
13 May 2014

Educating Decision Makers About Country Risk

At a board meeting of a top 20 multinational corporation, the question of whether to invest $50 million in a project in a Middle Eastern Country was discussed. The...

Perspective
13 May 2014
in
Agri/Soft Commodities, Infrastructure, Metals and Mining, Oil & gas, Power, Renewables, Telecoms and Communications, Transport, Waste and water

FIMBank appoints head of trade finance

Malta-headquartered FIMBank has appointed Maarten van Alkemade as head of its trade finance department. A Dutch national, van Alkemade joins FIMBank from Coalogic,...