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Africa

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  • The African M&A market received a jolt this week after South African drugs firm Aspen Pharma launched a $2bn new money loan on Monday. Bankers away from the leads are already claiming the facility will be a huge success, capable of encouraging chief executives to consider inorganic growth within the continent after a year of suppressed M&A activity.
  • SSA
    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.
  • SSA
    Tunisia has cleared an important hurdle to issuing a debut sovereign sukuk after its National Constituent Assembly passed a draft bill on Wednesday.
  • FIG
    Nigeria's Fidelity Bank has agreed two loans totalling up to $150m from the African Development Bank (AfDB).
  • Tunisia has cleared an important hurdle to issuing a debut sovereign sukuk after its National Constituent Assembly passed a draft bill on Wednesday.
  • South African drugs firm Aspen Pharma launched a $2bn new money loan into the market on Monday afternoon.