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The Rise of Credit Guarantee Finance.

The Rise of Credit Guarantee Finance.

African Developer and Operator of Integrated Industrial Zones Secures $443m for Expansion.

Infrastructure Finance

African Developer and Operator of Integrated Industrial Zones Secures $443m for Expansion.

Arise Integrated Industrial Platforms (ARISE IIP), a prominent African developer and operator of integrated industrial zones, has successfully secured an investment totalling $443 million. The funding comprises $300 million from the Fund for Export Development in Africa (FEDA), under the management of Afreximbank, and an additional $143 million from Africa

Africa Finance Corp Returns to Eurobond Market with $500m Oversubscribed Bond.

Africa Finance Corp Returns to Eurobond Market with $500m Oversubscribed Bond.

Africa's leading infrastructure solution provider, the Africa Finance Corporation (AFC), has re-entered the international debt markets impressively by issuing a $500 million 144A/Reg S Eurobond. Why does it matter: The recent interest rate reduction by the US Federal Reserve, the first in nearly four years, has created

Nigeria's Leading Mortgage Company Secures $228 million Long-Term Blended Finance Facility.

Structured Finance

Nigeria's Leading Mortgage Company Secures $228 million Long-Term Blended Finance Facility.

Nigeria Mortgage Refinancing Company ( NMRC) has secured a substantial $228 million long-term blended finance facility. Why does this matter: The mortgage market in Nigeria is experiencing growth as more Nigerians grow use to consumer credit to realise their homeownership aspirations, acquire significant household assets, and purchase vehicles. According to the

Tanzania's CRDB Bank Secures $200million Facility from Citbank and U.S DFC.

Tanzania's CRDB Bank Secures $200million Facility from Citbank and U.S DFC.

Nigeria's Foreign Reserve Grows to $37.31 billion a 22- Month High

Nigeria's Foreign Reserve Grows to $37.31 billion a 22- Month High

Nigeria's economic policy, known as Tinubunomics, is demonstrating positive outcomes, as evidenced by the growth of the country's foreign reserves to $37.31 billion. Why does this matter: The economic strategy, spearheaded by President Tinubu, has encountered several challenges, including removing the fuel subsidy, rapid devaluation

This Week in Africa-The $90 Billion Power Move

This Week in Africa-The $90 Billion Power Move

Plus Public Investment Corp (PIC) debt investment, Coca Cola's $1billion investment in Nigeria, Helios lead $100m investment in API infrastructure fintech 1- Energy World Bank Unveils Ambitious $90 Billion Plan to Electrify Africa The World Bank has announced a $90 billion investment in Africa's electricity sector

Africa Private Credit: The Next Frontier

Research & Insights

Africa Private Credit: The Next Frontier

LPs Indicate Strong Appetite for Impact Investing in Africa

Research & Insights

LPs Indicate Strong Appetite for Impact Investing in Africa

Limited partners with a focus on Africa are expressing a strong interest in increasing their investment allocation towards impactful investments. Some context : This comes from the rising growth in impact-led social investment across the continent, which offers economic and financial returns while adhering to environmental, social, and governmental (ESG) standards.

Nigeria's FCMB's Asset Management Launches $63 Million Private Credit Fund.

Nigeria's FCMB's Asset Management Launches $63 Million Private Credit Fund.

FCMB Asset Management, the asset management subsidiary of FCMB, plans to launch a $63 million private credit fund targeting mid-sized Nigerian companies. Why it's important: In Nigeria, many mid-sized growth companies have well-structured operational models and clear paths to profitability. However, these companies struggle to access funds for

Investment in Africa's Energy Transition Gains Momentum

Research & Insights

Investment in Africa's Energy Transition Gains Momentum

African Infrastructure Investment Managers (AIIM) Completes First Close of 4th Fund At $230 million.

Infrastructure Finance

African Infrastructure Investment Managers (AIIM) Completes First Close of 4th Fund At $230 million.

Africa Infrastructure Investment Managers, an infrastructure private equity firm with $2.8 billion in assets under management (AUM), has successfully completed the initial closing of its African Infrastructure Investment Fund 4 (AIIF4) at $230 million, with a target size of $500 million. Some Context : The fund, which has a 13-year

Ethiopia Floats Currency In Economic Reform.

Economics Featured

Ethiopia Floats Currency In Economic Reform.

Ethiopia has implemented the flotation of its birr currency in the open market as a measure to stabilise the currency and address the increasing demand for foreign currency needed for exports and economic initiatives. Why is this important: The Ethiopian government has recently implemented significant measures aimed at enhancing its

Power Play: Private Capital and The Business of African Sports.

Research & Insights

Power Play: Private Capital and The Business of African Sports.

Cameroon Issues $500million Bonds in Private Placement.

Markets Featured

Cameroon Issues $500million Bonds in Private Placement.

Cameroon has recently made its debut in the international credit markets through the issuance of $500 million in bonds. Despite the heightened interest rates, these bonds have garnered significant demand from various African nations namely Kenya, Ivory Coast, Senegal since the outset of 2024, thereby bolstering fiscal capabilities and enabling

African Union To Establish Its Own Credit Rating Agency.

African Union To Establish Its Own Credit Rating Agency.

The African Union (AU) a continental union of 55 member states is planning to launch its own credit rating agency according Bloomberg. Why is this important: This initiative is motivated by a growing concern among African governments about the objectivity of major credit agencies' assessment of African countries, which

Tanzania's Amsons Group $180 million Acquisition of Kenya's Bamburi Cement.

Tanzania's Amsons Group $180 million Acquisition of Kenya's Bamburi Cement.

Amsons Group, a Tanzania-based family-owned conglomerate, has proposed a significant $180 million acquisition bid for the entire stake of Kenya-based Bamburi Cement through its Kenyan subsidiary and investment vehicle, Amsons Industries Ltd. Why does it matter: This move lies in the fact that it is regarded as one of the

GPs and LPs Activities

GPs and LPs Activities

This week's interesting GPs and LPs dealmaking events * Star Garments, a Sri Lanka-based apparel manufacturing company, has secured a $15 million loan from the International Finance Corporation (IFC) to build Togo's first large-scale, export-focused apparel manufacturing center. * Ghana-based Oasis Capital has announced the first close of

Moody's Completes Acquisition of African Credit Rating Agency GCR Ratings.

Merger and Acquisition Featured

Moody's Completes Acquisition of African Credit Rating Agency GCR Ratings.

Moody's, the global rating agency, has completed the acquisition of GCR Ratings, a prominent credit rating agency in Africa, gaining full ownership. Why does it matter : GCR Ratings has a strong presence in several of Africa's most robust economies, including South Africa, Nigeria, Kenya, and Mauritius.

GPs and LPs Activities

GPs and LPs Activities

A weekly round of GPs and LPs activities. * Global Social Impact Investments (GSI), an impact investment fund manager, has secured a €15 million commitment from the Spanish Agency for International Development Cooperation (AECID). This will increase GSI's investing capacity in high-impact African companies. * Renew Capital, an Africa-focused impact

Africa Energy Bank: A Potential Game-Changer

Africa Energy Bank: A Potential Game-Changer

A group of petrostates in Africa, represented by the Africa's Petroleum Producers Organisation (APPO) and Afreximbank, have collaborated to create the Africa Energy Bank with an initial capital of $5 billion. The bank funded by member states, with participation from other African investors as shareholders and national oil

Africa Data Centres Raises $110 million for Expansion.

Africa Data Centres Raises $110 million for Expansion.

Africa Data Centres, the largest operator and owner of interconnected, carrier, and cloud-neutral data centre facilities in Africa, has secured $110 million to meet the growing demand for cloud computing services in South Africa. Why is this important: This development holds significant importance as the continent’s expanding digital infrastructure

The Great Africa Eurobond Return

The Great Africa Eurobond Return

This Week in Africa Finance

This Week in Africa Finance

Today's email: * Fixed Income: WAEMU Countries raise $239.8 million in Fixed Income * FDI: Ethiopia nears $3.5 billion FDI goal. * Marco and Market Matters: South Africa keeps interest rate. * Infrastructure and Project Finance: Asian Infrastructure Investment Bank to invest $1 billion in Africa. * Deals: Unmissable deals of

This Week in Africa Finance

This Week in Africa Finance

Welcome back to your weekly essential briefing on African finance and why it's important. Today's email: * Sovereign Finance : Ivory Coast get BB- rating, highest in Africa. * Industrials: Safaricom Ethiopia seeks $350 million Debt from IFC. * Marco and Market Matters: Kingdom of Eswatini issues $217 million bond