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07 October 2016

ICC: Global shortage of trade finance is worsening

The global trade finance gap is worsening - and hitting small and medium-sized enterprises and African nations the hardest, according to the International Chamber of...

07 October 2016

DBSA finances 21 renewable energy projects

The Development Bank of Southern Africa (DBSA) has financed 21 renewable energy projects and contributed to 2,512 megawatts of power being installed on the national...

07 October 2016

Trafigura closes $1.6bn RCF and term-loan facilities

Trader Trafigura has closed a $1.665 billion-equivalent syndicated revolving credit facility and term-loan facilities. The facilities were oversubscribed and upsized...

07 October 2016

Oman Oil upstream unit looking for $1bn PXF

Oman Oil Company Exploration & Production is looking for a pre-export finance (PFX) loan of more than $1 billion. Sumitomo Mitsui Banking Corporation has been...

07 October 2016

Brazil reduces Petrobras role in offshore oil reserves

Brazil's Petrobras will no longer be the sole operator of the country's vast offshore oil reserves after a ruling by Congress. Brazil hopes the rule change...

07 October 2016

ADB: Kshatrapathi Shivaji is new executive director

Kshatrapathi Shivaji has been appointed executive director of the Asian Development Bank (ADB). His previous role at ADB was chairman and managing director, small...

07 October 2016

SACE backing allows DOpla to buy into Spanish firm

SACE, the Italian export credit agency, has guaranteed two €2.5 million loans to allow DOpla - producer of plastic tableware and disposable containers - to buy...

07 October 2016

ADB and Citi to boost microfinance loans in Asia

The Asian Development Bank (ADB) has joined forces with Citi to boost local currency lending under the Microfinance Risk Participation and Guarantee Programme. They...

07 October 2016

Chinese foreign debt regulation change opens door for international banks

The Chinese government’s change in rules dealing with foreign investment offshore could see an increase in international bank financing in the country. Fangyuan Group’s...

07 October 2016

GE: India needs new export credit agency

America's General Electric (GE) has urged India to create a new export credit agency. Vice-chairman John Rice said the conglomerate was keen to ramp up exports...

07 October 2016

EDC opens new Quebec office

Export Development Canada (EDC) has opened an office in Brossard, Quebec. EDC says it will help about 3,700 companies on the South Shore either exporting or hoping to...

07 October 2016

FMO arranges financing for Ugandan solar PV project

FMO, the Dutch development bank, has arranged a $14.7 million senior loan to finance a solar PV project in Tororo, Eastern Uganda. The plant will be developed by...

07 October 2016

EBRD supports first wind farm in Georgia

The European Bank for Reconstruction and Development (EBRD) has arranged a $22 million syndicated loan to Qartli Wind Farm for the development, construction and...

06 October 2016

Landmark $500m stand-by LC set to transform Ghana power generation

In a ground-breaking transaction for Ghana, HSBC and Standard Chartered Bank have issued a $500 million stand-by letter of credit on behalf of Ghana National Petroleum...

06 October 2016

The Bpifrance-Coface transfer explained

On 1 January 2017 the French export credit agency (ECA), Coface, will officially transfer all its activity to Bpifrance. Since 1946 Coface has handled state export credit...

06 October 2016

Nickel ore exports to restart amid Indonesia mining overhaul

An overhaul of Indonesia's mining rules which could restart banned nickel ore exports is being finalised. The change could also give companies five more years to...

06 October 2016

AIIB makes first Myanmar project loan

The Asian Infrastructure Investment Bank (AIIB) has signed its first Myanmar project loan - the Myingyan power plant, also funded by the Asian Development Bank and...

06 October 2016

IFC aims to raise $5bn for infrastructure investments

The International Finance Corporation (IFC) has launched MCPP Infrastructure - a programme which aims to raise $5 billion from investors to boost infrastructure in...

06 October 2016

Vitol signs $8bn syndicated revolving credit facilities

Swiss-headquartered trader Vitol has signed an $8 billion refinancing of credit facilities. The loan includes a 12-month extension of its exiting $7.07 billion...

06 October 2016

AREAM, Greentale Capital set up eco-energy joint venture

AREAM and Greentale Capital have set up a joint renewable energy and investment management venture. It will help institutional investors throughout Europe interested...