TXF: 20 Minutes With

EKF CEO Kirstine Damkjær to step down; StanChart agrees ECA-supported financing for Ghana road project; Afreximbank agrees $350m term loan facility for OCP Group;

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:
Singapore-based trade and trade finance fintech group Triterras has signed a letter of intent to acquire Invoice Bazaar
StanChart has agreed an ECA-supported financing for a Ghana road project
The African Export-Import Bank (Afreximbank) has signed a seven-year $350 million term loan facility to provide financing to Moroccan phosphate mining and fertilizer company OCP Group
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Barak Fund Management prepares to sell frozen assets; Mercuria gets painted stones instead of $36m of copper; Afreximbank partners with COMESA on $1bn transit guarantee scheme

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:
Mauritius-based Barak Fund Management is seeking investor approval to move ahead with the sale of its frozen assets in the latest case of implosion at a provider of trade finance 
Geneva-based Mercuria Energy Group was given painted stones instead of $36 million (£26 million) of copper from a Turkish supplier in a fraudulent deal last summer
Afreximbank partners with COMESA on $1bn transit guarantee scheme
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Suitors circle Sanjeev Gupta’s GFG as Greensill Capital files for insolvency; ECB asks banks for details on Greensill Capital exposure; ITFA backs supply chain finance amid raised concerns

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 World Bank has approved a $440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways.
Sanjeev Gupta’s GFG Alliance is said to be on the brink of a potential fire sale as embattled finance firm Greensill Capital, its main source of funding, files for administration
The International Trade and Forfaiting Association (ITFA) has released a statement backing supply chain finance as a "valuable tool to support the real economy", and reiterating how insurance is a reliable partner
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KfW IPEX finances Sinosure-backed E-Flexer RoPax ships for Stena; Nornickel operations chief to leave in management shake-up; Credit Suisse seeks to reduce ties to Greensill Capital

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:
Germany's KfW IPEX-Bank and Swedish-based international shipping company Stena have signed a Sinosure-backed loan agreement of $180 million to finance two new E-Flexer RoPax ferries
Nornickel operations chief to leave in management shake-up
Credit Suisse Group is exploring ways to reduce ties to Greensill Capital over concerns about the finance company's exposure to a single client, UK-based steel magnate Sanjeev Gupta
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EBRD provides $100m loan to Turkey’s Denizbank; Vale creates executive office exclusively for sustainability; Yuan’s popularity for global payments hits five-year high

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 European Bank for Reconstruction and Development is providing $100 million in new funds to Turkey's Denizbank to finance companies’ investments in green technologies and support women-led businesses.
Brazilian miner Vale has established an executive office exclusively for sustainability
The Chinese yuan is making deeper inroads as a currency of choice for cross-border payments, with global transactions climbing last month to their highest level since January 2016
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Bluejay receives US Exim LoI for $208m to back Greenland mine; Mantos Copper seals $846.6m financing for Mantoverde sulphide project; BNP Paribas rolls out payment tracking to corporate clients

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:
Exploration and development company Bluejay Mining has received a letter of intent from the Export-Import Bank of the United States for $208 million to fund the capital requirements of its Dundas ilmenite project, in Greenland
Mantos Copper Holding subsidiary Mantoverde SA has secured an $846.6 million financing package to fully fund the development of its Sulphide Development Project, in the Atacama Region of Chile.
BNP Paribas has rolled out its BENEtracker solution
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Turk Eximbank, Hungarian ECA ink reinsurance deal; Nornickel told to pay $2bn fuel-spill fine; Greensill Capital puts capital raise on ice

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:
Turk Eximbank has signed a reinsurance cooperation agreement with MEHIB, Hungary's official export credit agency
A Russian court has ruled that MMC Norilsk Nickel should pay RUB146 billion ($1.95 billion) in compensation for an Arctic fuel spill, in line with a demand by the nation’s ecological watchdog
Supply chain financing company Greensill Capital delayed a new round of fundraising by several months after increasing the amount it wants to raise, the Wall Street Journal reported, citing “people familiar with the matter”
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BP and Equinor complete formation of US offshore wind partnership; Santander expands agriculture business with Brazil bet; IDB Invest and JMMB Bank boost access to finance for Jamaican SMEs

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:
BP has acquired a 50% interest in the Empire Wind and Beacon Wind lease areas off the US East Coast for $1.1 billion
Banco Santander SA is expanding its agriculture business in Brazil as the world’s largest soybean, sugar and coffee producer continues to increase output and solidify its position as a crops powerhouse
IDB Invest has signed a deal with JMMB Bank (Jamaica) Limited, which will allow the bank to access $35 million at a five-year tenor to facilitate increased financing to SMEs
Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.