Africa Loans

Tullow Oil, the London-listed but Africa-focused oil exploration and production company, has followed up last week's successful bond issue with a $750m refinancing loan.

Caracal Energy, a London-listed oil and gas company, has signed a debut $140m reserve-based senior secured facility to develop its assets in Chad.

African commodity borrowers could unexpectedly benefit from the Russia-Ukraine crisis as emerging market lenders are considering looking away from eastern Europe to hit their lending targets for the year.

Puma Energy, the emerging markets-focused oil products firm, held a well attended bank meeting for its new refinancing loan facility on Wednesday.

African commodity borrowers could unexpectedly benefit from the Russia-Ukraine crisis as emerging market lenders are considering looking away from eastern Europe to hit their lending targets for the year.

The Islamic Development Bank has approved $515.6m of financing in support of socio-economic development projects in member countries, as well as Muslim communities in non-member countries.

Tanzania’s Uranium Resources, the Aim-listed uranium exploration and development firm, has obtained a $300m loan from its major shareholder Estes.

Eastern Sugar Company (Nuran Sugar) is set to sign a loan worth E£1.5bn ($217m) with 10 banks. The deal is expected to close in mid-April, according to Walid Hassouna deputy general manager and head of Islamic banking at Bank Audi

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Puma Energy, the emerging markets-focused oil products company, has approached banks for a new loan that it hopes to raise in April and May.

Puma Energy, the emerging markets-focused oil products company, has approached banks for a new loan that it hopes to raise in April and May.

There was standing room only at the bank meeting for mining firm First Quantum’s $2.5bn loan, prompting some bankers to hope that the deal will not need to be launched into general syndication.