TXF Africa 2020 Virtual
A premium online event focusing on recent and forthcoming developments across regional export & project finance with unbeatable networking opportunities across each market.
China Eximbank is advancing a $500 million loan to Ethiopia towards the construction of an industrial park in Adama, in the latest rapprochement between the two countries.
The export and project finance community has its say on the biggest issues in their market in our audience survey at TXF's Export, Agency and Project Finance conference in Rome.
After four years of delay, the $4 billion Batang power project has been given the green light from Japanese financiers. But the environmental and social cost of Indonesia’s largest coal power station continues to rankle campaigners.
Earlier last month, the Egyptian government tweaked its contract terms to exclude the option of international arbitration for financiers of renewable energy deals. Development banks, major lenders for these types of deals, met with officials last week to discuss the issue which is delaying funding to a large scale wind farm and solar energy projects in the North African country.
Egypt has partnered with GDF Suez, Toyota and Orascom to build a 250 MW wind farm, the project is part of a government push to hit 4.3 giga watt (GW) of wind and solar projects by the end of next year.
Bloated state development bank BNDES is to be slimmed down by the government in order to boost commercial lenders in the Brazilian infrastructure market.
Italian ECA SACE this week announced the value of claims hit €130.8 million in the first quarter results of 2016 - up 91% on the same period last year. SACE says the significant increase reflects compensations paid for Italian supplies in the shipping and the metallurgy sector.
GME, Central America's leading wind energy company, has tapped three international development agencies, FMO, Proparco, and OeEB for $149 million in long-term financing to build four 20-MW wind farms in Costa Rica.
Facing a liquidity drought, the state-owned lenders to Korea’s embattled shipyards are in need of recapitalisation if they are to support restructuring in the industry. But bailout plans have worried the IMF and may put Korea on the wrong side of WTO state aid rules.
Mining company First Quantum Minerals has completed a new $1.8 billion term loan and revolving credit facility with its core relationship banks that gives it revised financial covenants and an extended amortisation schedule.
The order for four very large gas carriers from Hyundai Heavy Industries is riding on the coat tails of a decade of expansion for Korea’s shipbuilders. But concerns about overcapacity are hitting the order books.
The total number of ECA deals taking place in the first quarter of 2016 has more than halved compared to Q1 of 2015, while deal volume is down 12%. TXF's Q1 data clearly reveals larger but fewer deals are taking place, but the question on everyone's mind is what's driving this dramatic drop in the number of deals in the market?
The $314 million deal is part of a strategy to get a slice of Eurasian trade along the new Silk Road as the country tries to wean itself off a dependence on shrinking oil revenues.
The size of the target – 15, 35 or 43 gigawatts (GW) – is open to dispute, but there is less argument about whether the Indonesian government is serious about its plans to add power capacity at a fast rate. The country’s administration, led by President Joko Widodo (or Jokowi for short), has been in office since October 2014, and has already managed to spur some progress in Indonesia’s notoriously sclerotic independent power sector.
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), part of the Islamic Development Bank Group (IsDB), is ready to invest in projects in Indonesia after it signed an agency agreement yesterday with PT AsuransiAsei Indonesia at the IsDB's 41st annual meeting in Jakarta, Indonesia.