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16 April 2014

Zambia signs loan agreement for Itezhi Tezhi power project

Development banks led by the African Development Bank (AfDB) have signed a $142 million loan agreement to develop the 120MW Itezhi Tezhi power project in Zambia.

15 April 2014

Höegh LNG signs upsized senior secured credit facility

Further to Norwegian-owned shipping company Höegh LNG Holdings’ recent export credit financing for its second floating storage and regasification unit (FSRU) as we...

15 April 2014

Citi announces second Mexican receivables-backed fraud

Citi has announced a second suspected fraud within the Mexican unit of its transaction banking operation. This follows hot on the heels of the $400 million Oceanografia...

15 April 2014

CIT Group arranges financing for Heron Ventures drybulk vessels

US-headquartered CIT Group, a global leader in transportation finance, acting through CIT Maritime Finance has provided a $95.2 million senior secured credit facility to...

15 April 2014

Asanko Gold amends debt financing

Vancouver-headquartered, African miner Asanko Gold has agreed terms to amend its existing project debt facility with a special purpose vehicle of RK Mine Finance Trust I...

14 April 2014

US Ex-Im signs financing agreement with PTA Bank

The Export-Import Bank of the United States (US Ex-Im) has signed a $100 million financing agreement with the Eastern and Southern African Trade and Development Bank (PTA...

14 April 2014

Glencore Xstrata sells Peru copper mine to Chinese consortium

Glencore Xstrata, one of the world’s largest global diversified natural resource companies, has struck an agreement with a Chinese consortium to sell its entire interest...

14 April 2014

WTO forecasts modest growth in global trade for 2014

The World Trade Organisation (WTO) has forecast that global trade will grow at a modest rate of 4.7% in 2014, and at a slightly faster rate of 5.3% in 2015.

14 April 2014

MRI Trading mandates ABN and ING for syndicated loan

Swiss-headquartered commodity trader MRI Trading has mandated ABN AMRO Bank and ING Bank to arrange syndicated loan facilities totaling $110 million for the group.

14 April 2014

International Bank of Azerbaijan signs oversubscribed trade loan

International Bank of Azerbaijan (IBA) has signed a dual currency syndicated term loan facility amounting to $160 million with a group of international banks.

14 April 2014

US Ex-Im promotes Annette Maresh to VP trade finance

Annette Maresh has been promoted to vice president for trade finance, a position she has already been filling, at the Export-Import Bank of the United States (US Ex-Im)....

14 April 2014

Dentons extends presence in Africa

Global law firm Dentons is extending its presence in Africa with a new office in Cape Town and plans to open further offices in Johannesburg and Francophone Africa later...

14 April 2014

AfDB partners with Shelter Afrique to support housing projects

The African Development Bank (AfDB) is providing Shelter Afrique (Shaf), a pan-African financing institution for affordable housing, with a $20 million trade finance loan...

14 April 2014

Deutsche Bank: Banking innovation for sustainable supply chains

How financial institutions can partner with consumer goods companies to help reduce deforestation

14 April 2014

Economic renaissance in sub-Saharan Africa: harnessing its trade potential

Florian Witt, head of Africa at Commerzbank, explains what corporates can do to mitigate their exposure to risks in the region and capitalise on Africa’s potential.

14 April 2014

Banks arrange financing for Star Cruises latest vessel

KfW IPEX-Bank, Crédit Agricole CIB and the Singapore branch of DNB Bank have arranged the financing for Hong Kong-Headquartered Star Cruises latest newbuild cruise ship....

11 April 2014

Banks arrange ECA-backed finance for Höegh LNG

Norwegian-owned, Bermuda-based shipping company Höegh LNG has secured export credit agency (ECA) backed funding amounting to $309 million to finance its latest floating...

11 April 2014

TXF Webinars: commodity traders concerned over regulation and finance

Hear commodity traders' views on finance and regulation, courtesy of Doug Ziurys of FImetrix

10 April 2014

Norilsk signs unsecured loans with UniCredit and Raiffeisenbank

Russia’s Norilsk Nickel, the largest global nickel and palladium producer, has signed two bilateral credit agreements with Russian branches of Western banks totaling $750...

10 April 2014

Senate confirms Felton second term as Ex-Im VP

The United States senate has voted to reappoint Wanda Felton as first vice president and vice chair of the Export-Import Bank of the United States (US Ex-Im).