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Africa

SWOT Analysis: African Credit Markets in 60 Seconds

Bonds & Loans examines the strengths, weaknesses, opportunities and threats across Africa following a research trip to the region.

10 Oct 2019

Kenya: Political Tensions Pose Moderate Risk to Fiscus

So far, 2019 has seen a marked escalation of political tensions within Kenya’s ruling Jubilee coalition. The coalition – led by President Uhuru Kenyatta and Deputy President William Ruto – has so far been able to effectively keep a lid on the political and ethnic divisions that boiled over into widescale violence ten years ago. The recent arrest of a high-profile minister has sparked concerns…

27 Sep 2019

Following Divestment, Forte Upstream Services CFO Mulls Expansion into E&P

Following the conclusion of the divestment of its downstream and power generation businesses, Bonds & Loans speaks with Idris Olufowobi, Chief Financial Officer of recently formed Forte Upstream Services Ltd. about the company’s funding objectives and challenges, and discusses why the company is assessing a move into the exploration & production space.

17 Sep 2019

Benin Minister of Finance on the Country’s Successful Eurobond Debut, Reform, and Development

Benin’s debut Eurobond issuance was one of the top sovereign transactions of 2019, decisively putting the country on the map for EM investors. Bonds & Loans caught up with the country’s young and enthusiastic Minister of Finance, Romuald Wadagni, to discuss the government’s borrowing strategy, the country’s impressive growth story, and progress on key reforms.

11 Sep 2019

Viathan Group CFO: “Banks that don’t embrace fintech will be replaced”

Viathan Group is an emerging energy player in the power and gas sector in Nigeria but in financing circles, the company is perhaps best known for its innovative 2018 infrastructure bond issuance – when it pioneered a new structure for the country’s capital markets. Babajide Ibironke, the Group’s CFO, talks to Bonds & Loans about the company’s growth ambitions and funding strategy, overcoming the…

6 Sep 2019

Time to Reform Africa’s State-Owned Enterprises

State-owned Enterprises (SOEs) play a significant role in the global economy – but in recent years, they have become synonymous with corruption and poor governance. Robert Besseling, Director at EXX Africa unpacks and assesses efforts (or in some cases, lack thereof) to reform.

3 Sep 2019

RMB: Governance Concerns in South Africa Risk Being Outweighed by Insatiable Demand for Assets

The South African fixed income market is at risk of neglecting governance-related issues if domestic demand for fixed income assets continues to outpace supply, according to Rand Merchant Bank’s Co-Head of the Debt Financing Group.

30 Aug 2019

Is East Africa Changing Its Attitude Towards Chinese Investment?

The recent cancellation of high-profile Chinese infrastructure projects in Tanzania and Kenya does not indicate a shift in attitude towards investment from China, writes Robert Besseling, executive director of EXX Africa.

20 Aug 2019

Nigeria SWOT Analysis: Intervention Funds Offer SMEs New Financing Options

Bonds & Loans examines the strengths, weaknesses, opportunities and threats in Nigeria - Africa’s largest economy - following a research trip to the country.

6 Aug 2019

MTN CFO Targets Capital Structure Optimisation in Nigeria and Ghana

South Africa-based pan-African telecoms operator MTN Group has been at the forefront of the industry’s transition towards data-centricity and, in Africa specifically, it is leading the region’s bid to use mobile technology to bolster financial inclusion and connect ever greater numbers of users to the internet. We speak with Ralph Mupita, MTN’s Group CFO, about the funding strategy underpinning…

1 Aug 2019

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