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Projects in Algeria’s energy and infrastructure sectors are pushing business volumes towards the capacity ceilings held by some political and credit risk insurers, as the country cashes in on its unprecedented hydrocarbons revenue windfall, writes Kevin Godier.

Private Thai company Asia Thai Mining has agreed to buy Canada’s Pan African Mining in

USTDA, transport initiative; IDA financing; World Bank finance for regional project; Chinese loan

The deadline is looming for countries to submit claims to the United Nations to extend their maritime boundaries beyond the usual 200 nautical miles to include submarine areas that are the prolongation of their land mass

The World Bank has launched a new initiative to develop and expand the principles of the Extractive Industries Transparency Initiative (EITI). The Bank says its EITI++ initiative seeks to develop national capability to handle the boom in commodity prices and channel growing revenue streams into fighting poverty, hunger, malnutrition, illiteracy and disease.

Sonangol likely to be well received for its foray into structured finance markets

IPSA Group has signed a £15.5m ($30m) loan facility agreement with Standard Bank. Some £12.7m has been used to pay the balance of funds due to Siemens subsidiary TurboCare for the _31.2m ($49.5m) acquisition of four Fiat Avio 501 D gas turbines for the Coega industrial zone project. The remainder will be used for working capital purposes. “We are really delighted by the strong support for IPSA shown by Standard Bank at this time of turbulence in the international financial markets.

DR CONGO: AfDB finance for Inga; LIBERIA: Official debt relief

ANGOLA: Deutsche Bank loan for roads; BENIN: Ex-Im Bank supports turbine sales; NIGERIA: FirstBank diversifies with Brazilian import line

Qatar-based investment company IAS International has announced plans for more than E1bn-worth of projects in CAR, led by a Free Zone on an island in the Obangui River (AE 131/14).

The world’s third largest independent oil trader, Trafigura Beheer, has raised $1.6bn from the international bank market via a revolving credit facility which was initially launched at $1.1bn.

Long project lead-ins and an increasingly cumbersome registration and assessment system have severely limited the volume of carbon emission reduction credits generated by African companies,

Long project lead-ins and an increasingly cumbersome registration and assessment system have severely limited the volume of carbon emission reduction credits generated by African companies, according to a leading market player.

The International Finance Corporation announced on 17 March that it signed agreements for projects in South Africa and India that will make first use of its carbon delivery guarantee.

ALGERIA: Energy subsidies hamper WTO; ANGOLA/NIGERIA: Oil business PRI rates come down