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May
IsDB Group and Niger sign deal to support food security through Islamic Trade Finance Corporation.
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The World Bank’s MIGA is providing guarantees to investment supporting HBZ Bank South Africa, a bank focusing on trade finance.
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French development finance institution Proparco is providing a loan for the upgrade of Houphouët-Boigny Airport in Abidjan, Côte d’Ivoire.
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IFC launches Pan-African bond programme to support local capital markets and private sector development.
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India Exim opens first line of credit to Burundi for its Kabu hydroelectric project.
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April
The Export-Import Bank of the United States has renewed its $100 million Africa insurance initiative with cover policy expansions on the war for three African countries.
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German development bank, DEG, is financing Kevian, a fruit juice producer in Kenya, to enable the company to import production equipment from Germany.
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The International Finance Corporation (IFC) is poised to sign its latest Global Warehouse Finance Programme (GWFP) in Guinea Bissau, the first time the multilateral has done a deal in the West African country for 17 years.
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Ex-Im financing is sustaining nearly 300 jobs at Kansas-based global engineering, consulting and construction company.
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Helen Castell talks to EMEA short-term trade financiers and finds them particularly active, innovative and un-phased by the talk of crises and default.
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South African export credit agency ECIC is guaranteeing a loan for the supply and installation of electricity lines in Ghana.
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JBIC and BTMU are extending an export credit line to Afreximbank to expand overseas markets for Japanese businesses.
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March
Ghana Cocoa Board (Cocobod) is set to draw down on in its three-year pre-export financing this week.
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The Ghana Cocoa Board (Cocobod) has scaled back the size of its requested proposals from banks for its 20th annual jumbo pre-export financing.
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The Overseas Private Investment Corporation (OPIC) has selected Ghana-based Inter-Afrique Capital Limited to serve as an originator to support SMEs expanding in overseas markets.
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Award-winning trade finance transactions from Europe, the Middle East, and Africa, signed in calendar year 2011 – as selected by the Trade Finance Magazine editorial team.
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First Finance Company, a subsidiary of The Swaziland Development Finance Corporation (FINCORP), has begun to offer non-recourse factoring.
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Canada’s International Datacasting Corporation has come up with a way to monetise a collections insurance product from export credit agency EDC.
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Eurasian Natural Resources Corporation (ENRC) has signed a mega loan with Russia’s Sberbank, and secures assets in the Democratic Republic of Congo.
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February
The Ghana Cocoa Board (Cocobod) has requested proposals from banks for its 20th annual jumbo pre-export financing.
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Proparco of France has signed a credit facility for Ghana’s HFC Bank.
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The African Development Bank has made three senior appointments to its management team.
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The Spanish export agency is covering six loans for small government-run, agri-industrial projects in Angola.
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SMBC appoints ex-RBS banker to manage the bank’s export and agency finance business in the EMEA region.
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A performance bond guaranteed by New Zealand export credit agency NZECO has helped software company Data Torque get a foothold in Africa.
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Four new lenders including development banks, debt funds and commercial lenders have committed to Axmin’s Passendro gold project in the Central African Republic, with two more expected to join in a couple of weeks.
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Reports suggesting Air Tanzania and Export Development Canada are in talks over a $500 million aircraft financing package are false.
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Nedbank Capital has appointed former Standard Chartered agribusiness specialist as its new head of African business.
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January
The African Trade Insurance Agency (ATI) has opened a new representative office in Rwanda’s capital Kigali.
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South African carrier Comair, and its advisor Investec, appoint Rand Merchant Bank to fund US Ex-Im covered debt for Boeing 737-800s.
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Banks fund First Quantum Minerals' Kansanshi copper-gold project in Zambia.
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Marsh has stated that it expects to see demand for short-term trade credit insurance continue to rise in 2012 among countries in Europe, the Middle East and Africa.
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Development banks led by FMO of the Netherlands are financing a hydro-power project in Uganda.
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Banks have signed a structured commodity facility on behalf of Senegalese groundnut producer Suneor.
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Banks have launched a new three-year pre-export financing yesterday on behalf of Ghana Cocoa Board (Cocobod).
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Standard Chartered Bank’s private equity division has acquired a minority stake in African soft commodity trader Export Trading Group.
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Standard Bank has signed an ECIC-covered bilateral loan on behalf of Zambian lime producer Ndola Lime Company.
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Development finance institutions announce financial close of pioneering Addax Bioenergy project in Sierra Leone.