Africa Loans
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Multinational firms are being cautious in their banking practices in Africa, as the absence of international banks has led to an uneasy reliance on local banks, according to the smartphone maker Motorola’s director of treasury for EMEA, Tim Westcott. -
Azura Power Holdings has signed $1bn of debt and equity investment to build a flagship 450MW independent power project in Nigeria.
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Emerging markets-focused miner First Quantum has signed an oversubscribed $3bn two and five year loan facility that was increased by $500m when the syndication drew strong demand.
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Azura Power Holdings has signed $1bn of debt and equity investment to build its flagship 450MW independent power project in Nigeria.
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Emerging markets-focused miner First Quantum has signed an oversubscribed $3bn two and five year loan facility that was increased by $500m when the syndication drew strong demand.
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Eastern Sugar Co (Nuran Sugar) has signed its long awaited Shariah-compliant financing worth E£1.5bn ($217m) with 13 banks in total according to a senior banker on the deal.
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Tunisia’s Banque Zitouna has teamed up with the Islamic Development Bank (IsDB) to establish a specialised institute for microfinance.
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Ethiopia — Tanzania — Agrokor — Polsat — International Bank of Azerbaijan
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The Ethiopian government is due to sign a $900m loan by mid-May to fund a railway line from Awash to Weldia in the north of the country.
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The government of Tanzania has signed a loan totalling just under $200m that will be used for specific projects.
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Two London-listed and Africa-focused oil firms signed loans this week, as lenders said that they are increasingly looking to regions away from sanction-hit Russia for deals.
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Zambia's warm welcome from the bond market this week means that the sovereign's mooted $600m loan has been cancelled.
