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26 April 2017

CDC Group helps launch platform to boost African power

CDC Group, the UK's development finance institution, alongside Aga Khan Fund for Economic Development, and Industrial Promotion Services, have launched a new platform...

26 April 2017

Cocobod needs $400m after $1.8bn loan runs out early

The Ghana Cocoa Board (Cocobod) needs about $400 million in bridge financing to cover the rest of the cocoa season after a $1.8 billion loan ran out early. Much of the...

26 April 2017

London ranks first for offshore RMB FX transactions

More than one-third of offshore renminbi (RMB) FX transactions are done with the UK, according to SWIFT's latest RMB tracker. The RMB ranks fifth as a world FX...

26 April 2017

Perfect 10 Shandong Qingyuan: Warming the pots - a TXF commodity finance Deal of the Year

The race to close the first international syndicated structured loan into Chinese downstream oil and gas ended last year when Shandong Qingyuan debuted with a prepayment...

25 April 2017

Opportunity of the day: HEDCO looks to ECA-backed German and Italian suppliers to help finance $480m Iranian petrochemicals project

Zanjan Petrochemical Industries Company and Hampa Energy Engineering and Design Company (HEDCO) are planning to raise financing amounting to $479 million. It will be used...

25 April 2017

Australia OKs CKI consortium to buy Duet group

The Foreign Investment Review Board given the Cheung Kong Infrastructure-led consortium clearance to proceed with the proposed A$7.5 billion acquisition of the energy...

25 April 2017

South Asia could benefit from globalisation backlash, says World Bank

Trade protectionism in advanced economies may actually benefit South Asia's exports, according to a new World Bank report. The region could gain if selective barriers...

25 April 2017

Helexia closes €66m rooftop solar financing

Energy consultancy Finergreen has advised the French solar developer on the financing of 20MW of new projects and refinancing of 17MW of existing projects....

25 April 2017

RBS flags risk of Scottish firms' £31.5 billion working capital pile

Scottish businesses have at least £31.5 billion tied up in working capital, raising the risk of them being left holding too much stock if economic conditions...

25 April 2017

IMF warns on impact of withdrawing CBRs

The International Monetary Fund (IMF) has warned that the withdrawal of correspondent banking relationships (CBRs) could undermine the long-term growth and financial...

25 April 2017

Kinder Morgan Canada to fund Trans Mountain by IPO

The Canadian unit of the US pipeline company has filed a preliminary prospectus for an initial public offering to raise money for the C$7.4 billion Trans Mountain...

25 April 2017

Swift picks Hyperledger for cross-border blockchain test

Interbank messaging network Swift has picked Hyperledger technology for a blockchan proof-of-concept, with a number of banks participating. If the test is successful, it...

25 April 2017

Ghana Gas signs Yantai Jereh for 278km gas pipeline

The Chinese multinational oil fields service provider has been awarded the 15-year BOT concession to construct a pipeline between Takoradi and Accra...

25 April 2017

BBVA buys Mexican payments startup Openpay

BBVA subsidiary BBVA Bancomer has acquired Mexico-based payments start-up Openpay, which offers a platform for electronic and physical payments for businesses via its...

25 April 2017

Traxpay reinvents itself as a digital lender

Traxpay will face competition as it enters the finance and technology market, where specialty fintech lenders are starting to take advantage of maturing supply chain...

25 April 2017

Abiba Solar: A different approach to African power finance

Access Power’s crowd-sourced approach to development and InfraCo’s use of convertible debt may have set a new template for development and financing in Africa’s power...

25 April 2017

Multinationals should manage country risk more actively

Too few multinationals monitor and manage their country risk actively enough, despite it being key to their profitability, according to Standard Chartered. Over-stretched...

25 April 2017

European companies to fund half of Gazprom's €9.5bn Nord stream 2 pipeline

 The five European partners in the 1,225km pipeline project to pump gas via the Baltic Sea to Germany will each finance 10% of the...

25 April 2017

African infrastructure needs bigger financing pool

Expanding the pool of domestic and foreign financing for infrastructure investments in Africa is high on the agenda of African officials as well as the investor...

25 April 2017

WTO expects trade recovery in 2017

The World Trade Organization (WTO) has predicted that global trade will expand by 2.4% this year. However, a spike in inflation that triggers interest rate hikes plus...