In depth
14 October 2024

Keynote: KfW IPEX-Bank CEO Rudack on how to create a sustainable growth mindset

TXF looks at the way different financial institutions are approaching the crossovers between export, project and development finance for sustainable economic development. What does this mean in practice for the commercial banking arm of a DFI? Belgin Rudack, CEO of KfW IPEX-Bank explains how her... More

News
15 October 2024

EXIM Hungary lends €500m to North Macedonia

EXIM Hungary is lending the North Macedonian government €500 million.The loan has a term of 15 years - with a three-year grace period - and an interest rate of 3.25%. The North Macedonian government opted for this arrangement instead of another eurobond.Funds will be used for budget support for... More

News
15 October 2024

African nations seek $5bn for new 'energy bank'

A coalition of oil-producing African countries is seeking $5 billion to launch an "energy bank" that would fund projects on the continent. The move comes amid growing frustration over the reluctance of western institutions to bankroll fossil fuel initiatives because of environmental... More

In depth
07 October 2024

Exile Asia: Collaboration for energy transition

There was a clear mantra echoing through the conference plenary room at Exile Asia: Agency, Energy and Infrastructure Finance last week. Collaboration, collaboration, collaboration. More

News
15 October 2024

Pilbara Minerals signs A$1bn RCF

Pilbara Minerals has penned a new A$1 billion (about $671 million) debt facility in the form of a revolving credit facility with a group of domestic and international banks. The RCF can be utilised for refinancing and for general corporate and working capital purposes subject to drawdown... More

News
15 October 2024

Aramco cancels Saudi chemical project as it focuses on Asia

Saudi Aramco has cancelled plans to build a refinery and chemicals project in the kingdom and is reviewing three others as it evaluates spending plans with a focus on expanding in Asia.Aramco and its unit Sabic will not go ahead with the planned 400,000 barrel-a-day facility at Ras Al Khair on Saudi... More

News
15 October 2024

Turkish firm wins Uganda rail bid shunned by China

Turkey's Yapi Merkezi Holdings signed a €2.7 billion ($2.95 billion) deal to build a railway line in Uganda, reviving a project that struggled to find financing after China withdrew its support. The 272km track will link Uganda’s capital, Kampala, to the border with neighbouring... More

News
15 October 2024

Kazatomprom strikes large uranium sale deal with Chinese buyers

Kazakhstan-based Kazatomprom, the world's largest uranium miner, has reached an agreement with CNNC Overseas and China National Uranium Corporation on the sale of natural uranium concentrates.Kazatomprom didn't provide details on the volume of the deal, which will require shareholders'... More

News
15 October 2024

Tether talking to commodity traders about lending its billions

Tether Holdings is exploring lending to commodities trading companies as it looks at ways to deploy its billions of dollars in profits, a move that could shake up an industry typically reliant on traditional banks for credit.The crypto company — which is the issuer of the world’s largest... More

Event Session
03 October 2024
News
15 October 2024

Energy lawyer David Connelly returns to McGuireWoods

David Martin Connelly has returned to McGuireWoods as a partner in Washington, DC. Connelly joins the firm from Balch & Bingham in Washington. He was a partner at McGuireWoods from 2012 to 2017 and before that was senior counsel at Dominion Energy.Connelly is a nationally recognised energy... More

News
15 October 2024

JBIC, TDB sign loan deal for Kenyan geothermal exports

JBIC has signed an $8.64 million loan with TDB to fund the purchase of geothermal power generation equipment from Toyota Tsusho.The loan is cofinanced by Mizuho Bank, bringing the total amount to 14.4 million. The co-financed portion is covered by NEXI. The loan is intended to provide, through TDB,... More

News
15 October 2024

WaveBL completes network connectivity POV with Swift

WaveBL has completed a Proof of Value (POV) with Swift. Banks including Emirates NBD Bank, Federal Bank and other lenders, as well as MSC Mediterranean Shipping Company as an eBL issuer, took part. The POV involved two eBLs — one straight and one negotiable — both issued by MSC on... More

Event
Oct 29 - Oct 30, 2024

Africa 2024: Agency, Energy & Infrastructure Finance

The Vineyard Hotel, Cape Town, South Africa

Unrivalled deal-origination opportunities throughout the region - let us connect you to a world of opportunities in one business trip!

Full details
Event Session
03 October 2024
News
15 October 2024

Saudi Exim signs $25m deal to boost exports to Africa

Saudi Arabia is looking to boost exports to South Africa through a $25 million credit deal with Standard Bank Group.The Saudi Export-Import Bank signed the deal with the South African lender which will see the ECA extend funding support to Saudi businesses that are looking to pursue interests in... More

News
15 October 2024

Nippon Steel to sell Calvert JV to ArcelorMittal if US Steel deal completed

Nippon Steel will sell its entire 50% stake in a JV steel plant it has in Calvert, Alabama, with ArcelorMittal if the top Japanese steelmaker succeeds in a buyout bid for United States Steel.The world's fourth-largest steelmaker believes the move is needed to clear antitrust concerns and would... More

News
15 October 2024

Dubbo rare earths project gets government support

Australian Strategic Materials has been awarded A$5 million under the Australian government's International Partnerships in Critical Minerals (IPCM) Program. The funding will be matched by ASM and used to support work to identify potential lower capital and shorter implementation pathways... More

News
15 October 2024

Mayur's Central Lime Project gets $50m funding boost

Mayur Resources has received a $50 million funding boost for its Central Lime Project in Papua New Guinea.Investors ACAM and other backers agreed to subscribe to $10 million worth of convertible notes and commit a further $40 million in equity, subject to conditions.The $10 million Notes financing... More

News
14 October 2024

SNB funds new production line for Eastern Cement

Eastern Province Cement Company has secured an SAR850 million ($226 million) Shariah-compliant credit facility with Saudi National Bank (SNB) for a new production line.Funding will primarily be used to support the construction of a new SAR1 billion ($269 million) production line with capacity of... More

News
14 October 2024

Stamatopoulos moves to Atradius, Greece

Gregory Stamatopoulos has joined Atradius Greece as deputy managing director. Stamatopoulos was CEO of Export Credit Greece (ECG) for five years, and was instrumental in its reform as ECG from being the Export Credit Insurance Organisation, joining ECIO in 2019. Stamatopoulos continues to be based... More

News
14 October 2024

Philippines’ top coal producer plans $5bn mine expansion

Semirara Mining and Power, the Philippines’ largest coal producer, is looking to spend PHP291.4 billion ($5.07 billion) to expand its mines.The company has proposed to the Department of Environment and Natural Resources a five-year spending plan that includes capital expenditures, production... More

News
14 October 2024

IGO earns majority stake in Arizona’s Copper Wolf

Australia’s IGO has earned a majority stake of 51% in the Copper Wolf project in Arizona, US, and will now manage a newly formed JV.Buxton, which is listed on the ASX, announced that IGO had met the Stage 1 earn-in requirement, having spent A$350,000 on the tenements.The parties have now... More