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28 October 2015

African Potash in finance deal with Ecobank Malawi

African Potash has sealed a deal with Ecobank Malawi to boost its fertiliser trading plans. The agreement effectively means that payments from offtakers to the company...

28 October 2015

IDB backs loan to improve Mexico's Manzanillo port

The Inter-American Development Bank has closed a $117.5 million A/B loan to International Container Terminal Services to help improve Mexico's largest port,...

28 October 2015

Hope for US Ex-Im Bank after House vote

The US House of Representatives has voted 313-118 in favour of renewing the US Export-Import Bank - but its future is still undecided. The Senate has yet to approve...

28 October 2015

Olam secures $1bn loans to refinance debt

Singapore-based agri-trader Olam International has secured $1 billion in funding to refinance existing debt. The deal comprises an $850 million 364-day revolving...

28 October 2015

Scipion Capital hires three senior staff

Africa-focused commodity financing specialist Scipion Capital has hired three senior staff to boost its legal, operations and corporate governance teams. David Butler,...

28 October 2015

Unique deal sees EIB sign buyer credit with Northstar Europe for SME onlending

The European Investment Bank (EIB) is partnering with Northstar Europe and export credit agency Office du Ducroire Luxembourg (ODL) in the first ever EIB facility to...

28 October 2015

Kenya closer to regional power trade

Kenya’s plans to buy electricity from Ethiopia have reached a critical stage, with the expected signing of a $231 million agreement to start construction of...

27 October 2015

Midstates Petroleum reaffirms RCF

Midstates Petroleum Company has announced that as a result of its lenders’ semi-annual review, the borrowing base under its revolving credit facility has been...

27 October 2015

China applies to join EBRD to build ties with Europe

China has made a formal request to become a member of the European Bank for Reconstruction and Development, a move that, if completed, would add to ever-closer ties...

27 October 2015

GasLog in $1.3 billion ECA-backed financing facility

The Bermuda-registered GasLog, which owns, operates and manages liquefied natural gas carriers, has completed an export credit agency-backed debt financing of $1.3...

26 October 2015

Financing signed for Uzbek fertiliser plant with strong JBIC support

An export credit financing agreement totalling ¥69.24 billion ($563.2 million) has been signed by international banks and Japanese agencies to fund the importation and...

26 October 2015

MIGA provides first guarantees to Nigerian gas sector supporting Seven Energy

The Multilateral Investment Guarantee Agency (MIGA) is to provide financial guarantees to a Seven Energy International subsidiary in Nigeria against the risk of...

26 October 2015

EIB's credit deal for European SME and Midcap exporters

The European Investment Bank (EIB) has signed its first ever facility to provide buyer credit financing for European SMEs and Midcap exports. The EIB teamed up with...

26 October 2015

Russia-Belarus trade boosted in deal

Trade between Russia and Belarus has been boosted after the Russian development institution Vnesheconombank and OJSC Development Bank of the Republic of Belarus sealed...

26 October 2015

Matador extends RCF and reaffirms borrowing base

US-based Matador Resources Company has amended its revolving credit facility to extend the maturity date from December 2016 to October 2020. Matador's lenders...

26 October 2015

Trade insurer ATI cleared for group membership

The Nairobi-based African Trade Insurance Agency (ATI) has been cleared for membership of the Economic Community of West African States. The ATI has so far advanced...

26 October 2015

JBIC, NEXI, KEXIM set to finance Marubeni power plant

Japanese trading firm Marubeni Corp and its four partners will build a $2 billion coal-fired power plant in Indonesia in a project set to be financed by export credit...

23 October 2015

JBIC inks deal to promote Japanese investment in Indian state

Japanese export credit agency the Japan Bank for International Cooperation has signed a memorandum of understanding (MoU) with the Indian state of Andhra Pradesh,...

23 October 2015

Russian sanctions cost SACE billions

Italian Export Credit Agency SACE has been hit by losses of up to 3 billion euros because of sanctions against Russia, head Giovanni Castallaneta said. "This is a...

23 October 2015

Vitol to be Iraq's main supplier of gas oil imports in 2016

Swiss-based commodity trader Vitol is likely to be the main supplier when Iraq's State Oil Marketing Company (SOMO) imports more than 1.8 million tonnes of gas oil...