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Africa

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  • FIG
    Another LIVE testing
  • The International Islamic Liquidity Management Corp has attracted criticism for delays in getting its programme of short dated sukuk underway. But IILM’s project must not be rushed if it is to achieve the success the Islamic market badly needs.
  • IFIS is conducting a poll of excellence in the Islamic finance market ahead of our 2013 awards dinner in Dubai.
  • South African electricity provider Eskom kicked off a roadshow this week to market its second dollar deal.
  • SSA
    The International Finance Corporation (IFC) has been granted permission by the Zambian Securities and Exchange Commission (SEC) to issue Zambian kwacha denominated bonds on the local market. The IFC is the first international issuer to be approved for such a trade and hopes that the deal will encourage more activity on the country's domestic bond market.
  • Tunisia’s prospects of borrowing in the international market brightened this week as its National Constituent Assembly passed a draft sukuk bill on Wednesday. The law is seen as an important hurdle to Tunisia issuing a sovereign Islamic debut and helps it open up a wider range of funding options as existing sources are becoming more pressed.