Latest Africa Loans news                 bonds | equity

• Ivory Coast to close loan at €300m-€400m

  Ivory Coast will finalise a seven year loan imminently, according to bankers. The deal reflects healthy appetite for sovereign borrowing in the region.

  • 23 May 2019

• EM loan mart anticipates extended decline, bonds to reap benefits

  Emerging market loan volumes continue to suffer with year-to-date volumes down 60% from the same period in 2018. Global economic slowdown and the fear of trade wars, combined with the increasing appeal of the bond market, are dampening the prospects of recovery in the syndicated loan market in 2019.

  • 13 May 2019

• Ramaphosa set for re-election, banks hope to get back to deals

  Opinion polls indicate that South Africa’s incumbent African National Congress party and president, Cyril Ramaphosa, will win the country’s hotly contested general election, held on Wednesday, with a reduced majority. Bankers expect financing business to return to normal soon, after pausing in the run-up to the election.

  • 09 May 2019

• Market awaits SA election results, but FIs to remain 'safe'

  Analysts expect the African National Congress (ANC) to win South Africa's general elections next Wednesday. Although a number of deep-rooted domestic problems have the potential to throw the country into an economic crisis, bankers expect FIs to remain "safe" in the worst of scenarios.

  • 02 May 2019

• FirstRand transfers dollar debt to Mauritius arm

  FirstRand Bank has transferred outstanding dollar debt from one of its syndicated loans to Rand Merchant Bank International. The amendment comes amid an anticipated increase in loan activity from South African banks, which bankers are keeping a close eye on.

  • 29 Apr 2019