UKEF rules out financing for East African oil pipeline; Canada's First Cobalt to issue shares to Glencore to repay $5.5m debt; GRI invests in SME-focused credit insurance start-up Nimbla

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market:

• The UK has ruled out billions of pounds in public finance for oil and gas projects, including a $3.5 billion pipeline in East Africa. 

• Canada’s First Cobalt Corp has entered into a deal with Glencore's unit under which it will repay an existing loan of about $5.5 million by issuing shares

• Greenlight Re Innovations (GRI) has invested in London-based TradeCrediTech (Nimbla), a digital managing general underwriter focusing on the small and medium-sized enterprise credit insurance market

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