TymeBank Joins Exclusive African Unicorn Club with $250million Series D Funding
Guinea To Establish Sovereign Wealth Fund (SWF)
Middle East Investors Show Growing Interest in African Deals.
MARKET AND MACRO ACTIVITIES.
* The Central Bank of Nigeria has increased the monetary policy rate by 25 basis points, to 27.50 per cent, to mitigate inflation and enhance the value of the naira. * Zambia's inflation rate, at 16.5 per cent as of November, had risen to a three-year high, reflecting
Arab African International Bank (AAIB) Issues $500 million in Egypt's First Sustainability Bond.
The Arab African International Bank (AAIB), based in Egypt, has launched a groundbreaking $500 million sustainability bond. Why does this matter: This marks Egypt's first and only sustainability bond, highlighting the country’s increasing dedication to sustainable development and the transition to renewable energy. The fund mainly focuses
Nigeria Raises $2.2billion in Spectacular Eurobond Debut.
Nigeria has made a notable return to the international capital markets after more than two years of absence, launching a $2.2 billion Eurobond issue to secure funding that addresses its fiscal deficit. Why does this matter: This move aligns with a trend in several other African countries, including Ivory
IHS Holdings Issues Oversubscribed $1.2 billion Bond.
IHS Holdings Limited, the largest independent owner, operator, and developer of shared telecommunications infrastructure in Africa has successfully raised an impressive $1.2 billion through an oversubscribed issuance. This funding milestone underscores the rapid expansion of Africa's digital landscape, where the demand for connectivity and infrastructure is increasingly
Industries
The $2.5 billion African Meatpacking Opportunity.
JBS SA, headquartered in Brazil and the world's largest meat producer, plans to invest approximately $2.5 billion to establish its first meatpacking facilities in Africa. Why does this matter: The outlook for JBS's operations in Nigeria is promising, given that Nigeria ranks as Africa'
Africa Largest Pension Fund Exits Infrastructure Development Fund
Africa’s largest pension fund South Africa's Government Employee Pension Fund has divested from its holdings in the pioneering African Infrastructure Development Fund, a along with other prominent investors, including Absa Bank Ltd and Old Mutual Ltd. Why does it matter: The African Infrastructure Development Fund has been
OPEC Fund Signs $40 million Loan with Africa's Leading Agriculture Commodity Trader
The OPEC Fund, the development finance institution for the Organisation of the Petroleum Exporting Countries (OPEC) member states, has entered into a $40 million loan agreement with ETC Group, a prominent agriculture and supply chain operator in Africa. Why does this matter: The loan is the OPEC Fund's
British International Investment (BII) and Absa Group Agree $150m Trade Finance Deal
British International Investment (BII) has recently formalised a substantial agreement to establish a $150 million trade liquidity program in collaboration with South Africa's Absa Group. This strategic initiative is timely as African economies strive to transition from a reliance primarily on the export of unprocessed natural resources to