APICORP launches $500m package amid COVID-19, oil woes; $3bn coal power plant to be built in Zimbabwe; Ireland's Covid-19 fund for SMEs called into question
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 Arab Petroleum Investments Corporation (APICORP) has launched a $500 million countercyclical support package to help its energy sector members mitigate the impact of COVID-19 and oil price fluctuations
A $3 billion coal power plant is set to be constructed in Nothern Zimbabwe by Rio Energy, which will partner with China Gezhouba Group Corp in funding and developing the project.
The Irish Government’s €200 million COVID-19 working capital fund for small businesses has seen a muted level of drawdowns amid concerns that the programme is not fit for purpose
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