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31 October 2016

FMO supports agricultural input financing in Paraguay

Dutch development bank FMO has provided a $10 million medium-term facility to finance Agrofértil’s structural working capital needs and increase its...

31 October 2016

Bank Saderat Iran's international branches removed from EU sanctions list

The international branches of Bank Saderat Iran (BSI), one of the largest Middle Eastern banks operating in the fields of international banking and finance, have been...

31 October 2016

2016: The tipping point

The 2015 Berne Union statistics for the trade credit insurance market shows an interesting trend over 2014 and perhaps one worthy of note to us all. The numbers suggest...

31 October 2016
in
Transport, Waste and water

Digital trade: Wish, vision or reality? The blockchain euphoria!

The latest studies and publications are now talking about the digital revolution in foreign trade. In an age where payment transactions, cash management and treasury are...

28 October 2016

Bolero facilitates Italian trade finance amid greater competition

The digitisation of trade finance services has been one of the key developments in the industry over the last decade with numerous offerings available for both corporates...

28 October 2016
in
Metals and Mining

Sirius Minerals: Hancock’s potash streaming play

Hancock Prospecting made its reputation in iron ore – and closing a huge ECA-backed project financing. Can it help get a British potash project off the ground?

28 October 2016

IFC, FMO, AfDB finance Sierra Leone power project

The International Finance Corporation (IFC), the African Development Bank (AfDB), Dutch development bank FMO and the UK's CDC Group are helping to finance the...

28 October 2016

Ivory Coast cocao exporter SAF seals PXF deal with BACB

In an important deal for the West African cocoa industry, BACB has concluded a $27 million pre-export finance facility (PXF) with Ivory Coast cocoa exporter SAF.

28 October 2016

MIGA opens regional hub in Senegal

The Multilateral Investment Guarantee Agency (MIGA) is opening a new regional hub in Dakar, Senegal. MIGA has a growing portfolio of $4.4 billion in Sub-Saharan...

28 October 2016

K-sure signs trade deal with ICIEC

The Korea Trade Insurance Corporation (K-sure) has signed a reinsurance agreement with the Islamic Corporation for the Insurance of Investment and Export Credit...

28 October 2016

Misys London IPO killed by lack of interest

Financial software group Misys has ditched its bid to return to the London stock market amid a lack of interest from investors. The group had hoped to raise £500...

28 October 2016

IsDB appoints nine banks for $1bn sukuk

The Islamic Development Bank (IsDB) has appointed nine banks to arrange a new Islamic bond issue likely to be in excess of $1 billion. The banks include Natixis and...

28 October 2016

US Trade Finance Advisory Council members announced

Twenty inaugural members of the US Department of Commerce's Trade Finance Advisory Council have been appointed. They will advise on how to help exporters get...

27 October 2016

UAE secures $24.4bn for its first nuclear power plant

Kexim will provide a $2.5 billion direct loan to a Korean Electric Power Corporation (Kepco)-led consortium to fund the construction of four 1,400 MW nuclear reactors at...

27 October 2016

Amazon, Alibaba pose trade finance threat to banks

Banks face challenges to their product offering amid greater disruption in the trade finance space from the influence of distributed ledger technologies and the rise of...

27 October 2016

Commodity traders must go digital or face extinction

Commodity giants such as Vitol, Glencore and Trafigura will have to embrace the digital revolution, consultancy Oliver Wyman warns. Adopting blockchain early will give...

27 October 2016

101 countries using RMB for China, Hong Kong payments

More than 100 countries are using the renminbi (RMB) for payments with China and Hong Kong, according to SWIFT. Fifty-seven use the currency for more than 10% of their...

27 October 2016

Iran seals deals with German and Swiss ECAs

Iran has signed initial agreements with export credit agencies Euler Hermes, in Germany, and the Swiss Export Risk Insurance to provide cover for deals in Europe.

27 October 2016

Troubled Angola development bank faces huge losses

Angola's development bank - Banco de Desenvolvimento de Angola - is facing losses of $400 million because of "execrable credit risk management and...

27 October 2016

BNDES blocks beef exporter JBS's reorganisation move

Sao Paulo-based JBS - the world's biggest beef exporter - has scrapped plans to move part of its business to Ireland after Brazilian development bank BNDES vetoed...