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March
The International Finance Corporation has hosted a series of workshops to improve credit reporting in Ethiopia, Mozambique and Tanzania.
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Standard Bank and the OPEC Fund for International Development have today signed an agreement to launch two African trade financing initiatives.
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OFID and the Eastern and Southern African Trade and Development Bank have signed a one-year renewable line of credit to boost trade in sub-Saharan Africa.
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Citi names veteran transaction banking specialist to head up the industrials sector for corporate clients in EMEA.
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February
Africa’s Export-Import Bank (Afreximbank) has unveiled a financing package for Zimbabwe’s gold and platinum mines.
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US Ex-Im has approved ten members to its sub-Saharan Africa Advisory Committee.
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The African Development Bank has appointed Professor Mthuli Ncube as the bank’s new chief economist.
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The African Development Bank Group has signed a line of credit with Zambia National Commercial Bank.
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The Economic Community of West African States has signed a credit line to the Nigerian Export Import Bank.
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The World Bank’s International Finance Corporation has promised to invest $2 billion in Africa by June 2010.
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Pricing for Ghana Cocobod’s annual pre-export financing looks likely to drop by at least 100 basis points according to a poll conducted by Trade Finance Magazine.
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The IFC’s Global Trade Liquidity Programme is set to launch a $1 billion agri-trade fund.
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World Bank President Robert Zoellick described a range of trade and development initiatives that the bank has planned for Africa in a speech given at the African Union Summit held 31 January 2010 in Addis Ababa.
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Nedbank Capital has hired a specialist advisor to grow its European and African commodities business.
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January
Banks have been approaching state-owned cocoa board Ghana Cocobod as they discuss the cocoa producer’s perennial pre-export financing.
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Nigeria’s United Bank for Africa has commenced operations in Zambia with trade finance a focus area.
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German export credit agency Euler Hermes is guaranteeing a buyer credit loan for Mauritanian miner Societe Nationale Industrielle et Miniere.
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Trade Finance's Dickon Harris examines two inventory financing schemes being developed in Uganda and Ethiopia.
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A group of development funds including, Emerging Africa Infrastructure Fund, Finnfund, and FMO, have joined Citi to support steel manufacturer Nigerian Foundries capex needs.
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Standard Chartered Private Equity Limited has acquired a minority stake in Seven Energy, a leading Nigerian gas exploration and development company.
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UK based renewables company, InfraCo, has applied for a Miga guarantee for the Cape Verde windfarm project.
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The development bank for the Netherlands, FMO, has signed a $15 million term facility with Guaranty Trust Bank to boost export businesses in Ghana.
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The African Development Bank has signed its largest private-sector loan to date for United Bank for Africa for trade finance purposes.
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Export credit continues to play a strong role in Eskom’s plans for expansion. Two export credit deals have recently signed for the South African power company.
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Pan-African export credit agency African Export-Import Bank (Afreximbank) has seen its latest trade refinancing more than double as banks rushed to join the deal before year-end.
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Egyptian state oil company Egyptian General Petroleum Corporation (EGPC) is shopping for a jumbo financing, but questions remain about the deal’s structure.