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30 May 2018
in
Infrastructure, Transport

Mitsubishi Corporation wins contract for JICA-financed Iraq port project

Tokyo-headquartered Mitsubishi Corporation has been awarded a contract for a Japan International Cooperation Agency-financed port construction in Iraq. The contract...

30 May 2018
in
Renewables

Southern Power buys 100MW Wildhorse Mountain wind project

US energy company Southern Power has acquired the 100MW Wildhorse Mountain Wind Facility project located in Pushmataha County, Oklahoma from Renewable Energy Systems...

30 May 2018

LatAm and Caribbean single free trade agreement "would reap $11bn windfall"

Latin America and the Caribbean could add an additional $11 billion in annual trade flows by blending 33 separate agreements into a single regional free trade bloc,...

30 May 2018
in
Power, Renewables

Snowy Hydro issues EOI for 800MW renewable energy offtake

Snowy Hydro has called for expressions of interest as it attempts to procure offtake agreements of 400MW from both wind and solar generators. It is believed the supply...

30 May 2018

Debt sustainability: The African elephant in the room

As foreign currency debt issuance reaches a new record so far this year, there are growing concerns over debt servicing sustainability across Africa. Several African...

30 May 2018
in
Infrastructure, Transport

Haifa-Nazareth light rail tender issued

Cross Israel Highway has issued a tender for the 41km, 19 station Haifa-Nazareth light rail PPP project that will incorporate technology to allow the interurban...

30 May 2018
in
Infrastructure, Waste and water

EIB helps finance Egypt's Kafr El-Sheikh wastewater expansion

The European Investment Bank has offered preparatory technical assistance from its own funds to get Egypt's Kafr El-Sheikh Wastewater Expansion project...

30 May 2018
in
Power

MET announces buyout transaction with ING

MET Group, a Swiss-based energy company, will be owned by MET Capital Partners, a newly registered investment platform of MET Group CEO, Benjamin Lakatos. MET Group...

30 May 2018

TransferMate unveils Global Receivables to handle overseas payments

Cross-border B2B payments provider TransferMate has launched Global Receivables, a new solution for businesses to bill and collect overseas payments from thousands of...

30 May 2018

US Department of Defense to speed up payments to SMEs

US senators have debuted a bill that seeks to quicken payments to smaller businesses from the Department of Defense. Under the terms of legislation, the DoD...

30 May 2018

Swiss aviation company Swissport to explore blockchain

Swiss aviation company Swissport is seeking to tap blockchain technology to enhance the efficiency of its operations. The airport ground and cargo handling services...

30 May 2018
in
Infrastructure, Waste and water

EBRD, EU to finance wastewater network in Jordan

The European Bank for Reconstruction and Development is providing €25 million, alongside €20 million in grants from the EU, to co-finance the construction of a...

30 May 2018
in
Renewables

KfW IPEX finances 24MW wind farm in Argentina by Grenergy

Spanish renewable energy company Grenergy Renovables has closed financing with Germany's KfW IPEX-Bank for the 24MW Kosten wind project in Chubut, in Argentina's...

30 May 2018

New Development Bank appoints Nhlanhla Nene as chairman

South African finance minister Nhlanhla Nene has been elected as the Chairman of the Board of Governors at the New Development Bank, established by Brazil, Russia, India,...

30 May 2018

JICA agrees loan for transmission project in Cambodia

The Japan International Cooperation Agency (JICA) has signed an ODA loan of up to 9.216 billion yen for the Phnom Penh City Transmission and Distribution System Expansion...

30 May 2018
in
Infrastructure, Transport

NDB approves $200m loan for Durban container berth project

The New Development Bank has approved a $200million loan for the Durban container terminal berth reconstruction project. The scheme is aimed at helping transport...

30 May 2018

Fidelity Bank offers new products to SMEs in Ghana

Fidelity Bank Ghana is boosting its support of the country's small and medium-sized enterprises through new products, specialized services, as well as financial and...

30 May 2018

NDB outlines plans to expand lending to private sector

The New Development Bank wants loans to the private sector to eventually take up a 30% share of its project portfolio. Xian Zhu, the lender's chief operating officer,...

30 May 2018
in
Power

China Energy Reserve & Chemicals defaults on $350m bond

China Energy Reserve & Chemicals Group has not paid a $350 million bond that matured earlier this month - the latest example of China's deleveraging campaign...

30 May 2018
in
Infrastructure, Transport

EIB agrees €80m to finance Kosovo motorway

The European Investment Bank has agreed an €80 million loan to Kosovo for the construction of a new 30km single carriageway motorway on Route 6b between Peja and...