Kikagati hydro power station reaches financial close, Trafi launches shipping fuels venture with Golden Ocean, Frontline, and EDC and RBC team up to support Stromcore Energy

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 Kikagati Power Company, backed by the Africa Renewable Energy Fund, has reached financial close on its 14MW Kikagati hydro power station on the Kagera River that borders both Uganda and Tanzania

• Trafigura Group is joining forces with shipping firms Frontline and Golden Ocean to set up a company to supply shipping fuels ahead of a shake-up in regulations next year which could disrupt fuel delivery and cause prices to spike.

• Canada’s ECA Export Development Canada (EDC) has provided a $600,000 direct loan to RBC to support Stromcore Energy, a Canadian company producing emissions-free clean technology in the form of lithium-ion battery systems adaptable to any forklift brand or class

Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today