Global Trade Review (GTR)

Addax Energy, the trading arm of African oil and gas company Oryx Energies, has closed its first-ever committed unsecured revolving credit facility totalling US$195mn. The facility was supported by 15 banks, both new and existing for Oryx, and was upsized from its original US$125mn following substantial oversubscription.

Credit and political risk insurance broker The Texel Group has hired Shalini Sharan as a broker in the Americas, effective immediately. In the newly created role, Sharan is tasked with helping to grow Texel’s US business and will support existing bank clients. She reports to Texel Americas’ president Ben Roberts and is based in New York and Washington, DC.

Insurance technology company Bondaval has launched a new trade credit policy to complement its existing products in the space. The product will be available through Bondaval’s online platform, which aims to reduce the administrative burden of trade credit insurance management by sharing access to customers’ live accounts receivable data and allowing for the automation of certain obligations.

French bank Natixis Corporate & Investment Banking has appointed Michela Cicenia and Guillaume Genet as global co-heads of global trade.

BBVA has hired Amable Bueno as a director in New York, tasked with driving the growth of the bank’s trade finance book in the US.

The International Finance Corporation and Deutsche Bank have announced a risk-sharing facility of up to €215mn targeting importers and exporters of essential goods in Africa. The partnership will initially cover risk for a portfolio of trade transactions originated by Deutsche Bank with 40 issuing banks across 18 African countries, 14 of which are classified by the World Bank Group as small, fragile and/or conflict affected.

Global Trade Review returned to #London for the annual #GTRUK #trade, #export, #supplychain and #fintech #finance conference on June 20. Having welcomed over 500 delegates, we're thrilled that attendees found the networking opportunities valuable and appreciated the insightful discussions provided by over 60 expert speakers on the latest global trade market trends, challenges, and future projections. Speakers shared key insights into global geopolitics, how to build resilience into supply chains, the change in the role of export credit, unleashing the full potential of supply chain finance and the journey to exporting. GTR UK is set to return to London on June 12, 2025 to once again deliver the UK's leading event for global trade and trade finance. Visit gtreview.com/gtruk to register your interest for next year.

We would like to thank all those who attended the GTR Training: Fundamentals of Trade Finance and Emerging Trends online course last week on June 25-26. We would also like to extend our thanks to our exceptional trainers, David Meynell and Chintan Khanna, who provided an invaluable and interactive two-day agenda. This virtual course delved into the fundamental aspects of global trade finance as well the emerging trends, discussing in particular the concept of working capital and trade finance in the corporate and banking context, the various types of risks and mitigants within trade finance and the emerging needs in the industries. Congratulations to our course attendees, who have gained 8 CPD points, on behalf of the London Institute of Banking & Finance! Lastly, thank you to our event supporter, T3i Partner Network. Without your support, we couldn’t have hosted such a successful training course! 🚨 Stay up to date with our future events, courses and trade finance content by visiting our website: www.gtreview.com 📰 Receive future GTR Training announcements by registering for our eNewsletter: www.gtreview.com/register #GTRTraining #TradeFinance #CPDPoints

South African lender Rand Merchant Bank has led the arrangement of a US$340mn syndicated loan for Tanzanian conglomerate MeTL. The loan will enable MeTL to expand its beverage business from its current Dar es Salaam base to the wider Tanzanian and East African market, and also finance the acquisition, import and storage of other commodities.

Working capital solutions provider Levantor Capital has appointed Liana Gabor as head of legal, a newly created post.