In the water sector, a drop in infrastructure financing challenges creates ripples across global markets. Export Development Canada (EDC), Canada’s state-backed export credit agency, has reportedly incurred significant losses after selling loans made to the debt-burdened UK utility Thames Water.
ABN AMRO Bank has gone live using Commercial Banking Applications AS (CBA)’s IBAS to help combat financial crime.
British International Investment (BII) has committed up to $35 million towards the development of the first deepwater container port in DRC
The African Development Bank (ADB) Group has approved a $40 million transaction guarantee facility for Dashen Bank, aimed at enhancing trade finance activities in Ethiopia. Nnenna Nwabufo, Director General, East… read more →
The Standard Chartered loan will be guaranteed by UK Export Finance and Poland’s export credit agency KUKE and supports a solar project in Turkey.
7 August, New York, USA – Standard Chartered announces the successful closing of a six-year USD235 million non-recourse senior secured term green loan facility to fund the development, construction, and operation of a 1.35 million square foot solar photovoltaic manufacturing plant in Wilmer, Texas, USA, for Trinasolar, a leading global renewable company.
International Finance Corporation (IFC) and Citi have signed an agreement to implement a $500 million facility in Mexico.
Trafigura Group Pte Ltd and Greenergy, a UK-based supplier of road fuels and a major European biodiesel producer, announced that Trafigura has completed the acquisition of Greenergy’s European and Canadian supply businesses from Brookfield Asset Management and its listed affiliate Brookfield Business Partners.
Mansa, a pioneering fintech providing finance to emerging markets, announced on July 29 that it would provide its first pool on Base, a low-cost Ethereum-equivalent L2 blockchain. This is a significant milestone for Mansa, whose mission it is to democratise access to financing and liquidity to emerging markets in Africa; the launch is expected to boost cross-border payments and increase take-up of trade finance instruments in the region, especially for SMEs.
Trade negotiated on the Finteum Platform, which uses R3’s Corda, and executed on the TP ICAP UK MTF, with Finteum also acting as the arranger