A number of African economies this year were hit with turbulent commodity prices and severe drought, weighing on the outlook for the region’s agricultural industry. In a region that focuses so strongly on food security, never has there been more impetus on delivering new efficiencies to the agribusiness sector.
31 May 2017
AfDB calls for investment across Africa to close annual US$162bn funding gap – Kenya borrows US$1bn via syndicated loan – Nigeria raises mere NGN100bn in bond sale – Nigeria looking to secure US$5.2bn World Back funding package – Zimbabwe warns South Africa over proposed land reform – Russia’s Rosatom committed to nuclear plant project in South Africa – Senegal issues Eurobond – Saudi Aramco…
17 May 2017
Record-setting droughts in East African economies have caused food and – in some cases – power prices to rise dramatically, putting a damper on the region’s economy. But with the growth outlook moderating in the region’s largest economies, analysts are turning their attention to the steep drop in private sector credit growth, raising questions about whether this could prolong the lag. Furthering…
15 May 2017
Rising tensions between the Zambian government, led by President Edgar Lungu, and opposition leader Hakainde Hichilema, have done little to deter investors who are closely watching the country as it looks to clinch a critical IMF funding programme. They should not be so quick to dismiss the recent escalation that led to Hichilema's arrest and its implications for governance in the Sub-Saharan…
5 May 2017
For the past two years, many West African nations struggled due to low oil and commodity prices while East African nations like Kenya and Tanzania steamed ahead with robust growth and ambitious infrastructure development plans. But due to a confluence of factors, we seem to be witnessing a broad reversal in that trend.
26 Apr 2017
The Banque Ouest Africain de Développement (BOAD) priced an upsized US$750mn 5-year trade to make one of the largest capital markets debuts for any West African development financial institution, paving a path for other issuers in the region.
20 Apr 2017
Yinson Holdings Bhd’s wholly-owned subsidiary, Yinson Production (West Africa) Pte Ltd successfully converted conventional debt into a sharia-compliant format through the company’s maiden Islamic transaction, the proceeds of which were used to finance the conversion of existing facilities into a floating production, storage and offloading unit (FPSO).
18 Apr 2017
Over the past year Nigeria's economy, hit by rising inflation, low FX reserves and deflated oil price, shrank by about 1.6%. But with a better market outlook on the horizon, as evident from the recent success of a US$1bn Eurobond, the Bonds & Loans Nigeria Special Report looks into what 2017 may bring.
13 Apr 2017
Commerzbank AG's Head of Loan Capital Markets, Financial Institutions speaks to Bonds & Loans about the challenges banks and FIs had to navigate in the past year, Afreximbank's success story and the outlook for the sector in 2017.
11 Apr 2017
The sacking of South Africa’s finance minister and his cabinet prompted another all-too-familiar slide in the rand and bond prices. As his successor takes office, the markets are tentatively awaiting signs about the direction of economic policy.
5 Apr 2017