Browsing: AfDB

Extractives
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The Anadarko-led Area 1 consortium has assembled a large group of state-owned export credit agencies (ECAs) to support the financing of the $20 billion Mozambique LNG project which reached its final investment decision (FID) on 18 June, sources have told [...]

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Aid
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Climate change is expected to cause economic damages of up to US$7.4 billion between 2003-2050 in Mozambique, unless changes are made in climate and disaster risk management and financing policy, according to the World Bank. Even before Cyclone Idai hit, development finance institutions and the [...]

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Coal
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Brazilian miner Vale has set a date to close its $2.7 billion project finance package for the Nacala Logistics Corridor in Mozambique, after the two biggest participants gave their approval for $2bn worth of lending and credit insurance.

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