Africa Loans
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Sudan’s need to raise money outside of its domestic market has been illustrated this week, with the sanctions-hit country looking to sign a $50m loan with the Kuwait Fund for Arab Economic Development to finance development projects in the private sector. -
Ghana's national cocoa board Cocobod is garnering interest from banks new to its lending group as the Friday response deadline approaches for its $1.6bn annual pre-export finance facility.
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Port Autonome d'Abidjan, owned by the Ivory Coast government, has signed a €200m bridge loan to finance expansion projects.
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The Islamic Development Bank (IsDB) has approved financing facilities for various projects in member and non-member countries worth $447m, as the multilateral organisation celebrates its 40th anniversary.
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Emerging markets power firm Globeleq has signed a $70m loan for its African business - its first syndicated loan, according to Dealogic.
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State-owned Kenya Pipeline Co has mandated a consortium of six banks to arrange a $350m 10 year loan.
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More than a year and a half after first approaching the international loan market for its debut deal, Nigeria's United Bank for Africa has mandated lenders for a $225m loan.
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African Export-Import Bank has signed a $280m trade finance facility so that it can provide medium term funds for trade deals across Africa.
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While sukuk issuance so far in 2014 has lagged last year and 2012 (the busiest for that asset class yet), Emaar Mall’s recent $1.5bn financing has taken Islamic loans into post-crisis record territory, according to the IFIS Loans Database.
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Pan-African financial institution Ecobank has signed a $200m trade finance facility, which it will use to lend to African companies and small and medium sized enterprises.
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Angola's state owned oil firm Sonangol is preparing to launch a $2bn seven year pre-export finance facility into senior syndication.
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A winning team has emerged in the most hotly contested African trade finance deal of the year. Ghana's national cocoa board, Cocobod, has mandated a consortium of six banks to arrange its annual one year pre-export finance facility.
