Africa Loans

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.

Ghana's national cocoa board, Cocobod, was receiving interest from banks new to its lending group as the response deadline of Friday neared for its $1.6bn annual pre-export finance facility.

Trade and Development Bank of Eastern and Southern Africa, known as PTA Bank, has approached international lenders for a $200m syndicated loan.