Africa Loans
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African Export-Import Bank is wrapping up general syndication of a two year loan on Thursday, having added $300m to the size of the deal on strong demand.
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As a poor first half for CEEMEA loan volumes ends, banker optimism is in short supply for the rest of the year – but Turkey, Africa and the Middle East offer hope.
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This year’s protracted Nigerian loan drought could soon be over, say officials, with the first deals in a wave of bank refinancings likely to come within three weeks. -
African Export-Import Bank might enlarge its loan, having received around $1bn of commitments.
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Africa’s Ecobank Transnational, the parent company of the Ecobank Group, has hired the chief executive officer of Citi’s sub-Saharan Africa division to lead its business.
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Ghana National Cocoa Board (Cocobod) has completed the early bird senior phase of its annual loan syndication with a strong oversubscription, said bankers involved in the deal.
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A group of small shareholders in Afren, the embattled London-listed oil exploration company, is striving to block Afren's restructuring agreement with its creditors.
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South Africa’s FirstRand Bank has closed a $235m loan, having almost doubled the size of the facility in response to demand.
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Imperial Mobility, the Johannesburg listed vehicle leasing and logistics company, has signed a €350m loan with banks.
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Imperial Mobility, the Johannesburg-listed vehicle leasing and logistics company, has signed a €350m loan with banks.
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Standard Chartered is sounding out Kenyan and international banks for a $500m loan for Kenya Power and Lighting Co that includes a World Bank guarantee.
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Ghana National Cocoa Board (Cocobod) has entered the early bird senior phase of its annual loan, according to bankers involved in the deal.
