Africa
Kenya to test appetite with possible Eurobond
One of the better performing sovereigns in Africa could tap the Eurobond markets. Although the shape of Kenya’s economy looks promising for investors, possible corruption and an election next year could mean that any Eurobond’s yield would have to be significantly higher than that seen on the last issuance.
5 Apr 2016
China Exim Bank makes its mark in Africa
African economies have struggled from low commodity prices and weakening demand due to their close links with China. However, the continent’s largest trading partner is investing considerable funds in the region to prop up infrastructure projects, which are crucial for the development of the region’s economies.
4 Apr 2016
CASE STUDY: Bringing Wind Projects To Morocco
As the first renewable energy project to be developed under a new renewable energy law (13-09) in Morocco, the Khalladi Wind IPP was a landmark deal that is helping ACWA Power solidify its position in the region’s energy sector and help the country hit its ambitious renewable energy goals.
3 Apr 2016
CASE STUDY: An Islamic Finance First in Côte d’Ivoire
As West Africa’s largest Islamic sovereign bond, the Côte d’Ivoire’s inaugural CAF150bn sukuk helped test the country’s regulatory framework for Islamic issuances and opened the market for significant new investment opportunities in the region.
1 Apr 2016
South Korea redoubles investment in Africa
The South Korean government, through its Economic Development Cooperation Fund (EDCF), has agreed to provide an increasing number of syndicated loans to African countries. It will mainly work through the African Development Bank (AfDB).
31 Mar 2016
Mozambique’s credit rating cut by Moody’s
Moody’s downgraded Mozambique’s credit rating from B2 to B3
16 Mar 2016
The First True Project-Financed Nigerian IPP Deal
Azura Edo is Nigeria’s first true project-financed independent power plant (IPP) and the first project of its kind in over 20 years, leading to the development of a template that will help open the market to future deals of its kind.
15 Mar 2016
Kenya mobile bond calling
After its initial postponement, Kenya is looking to debut a bond accessible via mobile phones. The bond is likely to garner large interest though the accessibility of the mobile platform, low buy-ins compared to other government debt, and comparatively high returns.
10 Mar 2016
South Africa testing appetite for debt
South Africa’s Treasury is heading out on a non-deal roadshow to test investor appetite for a sovereign bond to stabilise its economy as the country tries to avoid a sovereign downgrade.
7 Mar 2016