The energy transition is more than just a buzzword; it represents a fundamental shift in how the world generates and consumes energy. 

The Bank for International Settlement (BIS) announced on Tuesday, September 17, that 41 major private sector financial firms would join Project Agorá, the Basel-based bank’s pioneering wholesale cross-border payments tokenisation project. 

As of June 2024, Houthi attacks in the Red Sea and Western Indian Ocean have escalated, with over 150 reported incidents since November 2023. These attacks have targeted both commercial and naval vessels, disrupting maritime traffic and global trade routes. 

Recent leadership changes or upcoming elections in Nigeria, Ghana, and South Africa will impact economic and trade policy. This could be a tipping point for these countries, either strengthening their trade position or creating new challenges.

British International Investment (BII) has committed up to $35 million towards the development of the first deepwater container port in DRC

The global economy has always undergone changes. From the agrarian-based economy in the 18th century to the advent of the Industrial Revolution, from sailboats to steamships, there has always been a shift in economy, industry, and, ultimately the dynamics of a country.

At the 56th Annual FCI Meeting in Seoul, Deepesh Patel, Editorial Director at Trade Finance Global, was joined on Trade Finance Talks by Steven Beck, Head of Trade and Supply Chain Finance, Asian Development Bank to discuss the role of MDBs in the facilitation of trade and supply chain finance. 

Arab Coordination Group collectively allocated approximately $17 billion to finance nearly 500 projects in over 90 countries.

Marsh has announced the launch of Tax Investment Default Insurance, a new solution designed to increase the capital available for investing in federal tax credits tied to US renewable energy projects.

The European Bank for Reconstruction and Development (EBRD) is lending €236 million to Armenia for the construction of the southern stretch of the Sisian-Kajaran road.