Africa Loans

Don’t switch off. Ebola may not have hit your P&L yet, but it’s going to, soon, and hard, whatever your job is. And look at the charts. The logic is inexorable: the longer we take to overcome the disease, the worse the cost will be – for the global economy and in human life. This is not about a few percentage points of GDP. Modern civilisation itself is at risk.

Liquid Telecom, the African fixed line provider, is set to launch a five year financing to expand its international network.

Liquid Telecom, the African fixed line provider, is set to launch a five year financing to expand its international network.

The international Russian syndicated loan market is in dreadful shape, as relations between Russia and the west plumb new depths. Lending banks are trying to reorient their personnel and capital to other regions — Africa and the Middle East are natural places to turn. But while they could be promising areas of growth in the future, banks should be wary of quick fixes.

Loan bankers have every reason to be getting twitchy. Any lingering hopes of Russian deals getting a reprieve were finally extinguished this week as fighting continued in Ukraine and tensions with Russia escalated, writes Dan Alderson.

Kenya is ramping up its infrastructure financing drive, with Kenya Pipeline Co (KPC) and Kenya Power and Lighting Company (KPLC) pushing forward with long dated loan plans. The deals come amid a spate of Kenyan projects that look set to benefit not only the country itself but its neighbours in East Africa.

Kenya is ramping up its infrastructure financing drive, with both Kenya Pipeline Co. (KPC) and Kenya Power and Lighting Company (KPLC) pushing forward with long dated loan plans. The deals come amid a spate of Kenyan projects that look set to benefit not only the country itself but its neighbours in East Africa.

South Africa’s Standard Bank is in the market with a $375m three year loan as it looks to refinance debt in smaller size and tighter levels.

South Africa headquartered Econet Wireless Global has closed a $150m financing facility with Export-Import Bank (Afreximbank).

Caught up in the sell-off in the emerging markets, issuers from the CEEMEA region have been reluctant to come forward for new bonds this week.

South Africa’s Standard Bank is in the market with a $375m three year loan as it looks to refinance debt in smaller size and tighter levels.

The Loan Market Association (LMA) has launched a suite of documentation for use in local law transactions across various African jurisdictions.