Briefings
Islamic Banking in Egypt shows impressive growth, AfricaGoGreen raises $150m, South Africa issues new $1.1 billion Sukuk Bond, IFU invests €21 million in Morocco-based Healthcare provider, Banking Updates and Notable deals of the week. Sustainable Finance AfricaGoGreen Fund completes interim close of $150m. AfricaGoGreen Fund AGGF a Fund initiated
Briefings
Key Takeaways: Africa Export-Import Bank (Afreximbank), has signed many deals, Cameroon reviews plans for its $333.2 million bond issue and Kenya got an extra $938 million to meet Eurobonds commitments. Sovereign Debt Cameroon rescinds $333.2 Million International Bond Issuance till 2024. The Cameroonian government has decided to rescind
Industries
Africa Data Centres are becoming an alternative asset class as the continent’s digital infrastructure ecosystem which includes fibre-optic broadband expansion and telecom towers grows due to increased mobile data consumption, a vibrant tech sector, high cloud computing and social media usage. Why it matters: According to a report by
Briefings
Key Takeaways: Saudi Arabia to invest in African countries, Kenya to pay back $300m Eurobonds, Africa Credit Markets Brief and Notable deals of the week. Investments Saudi Arabia’s $ 700 billion Public Investment Fund plans investments in African countries. Saudi Arabia recently hosted its Saudi-Arab-African Economic Conference in Riyadh fostering
Briefings
Key Takeaways • Africa commodities platform gets $26.5 million investment and chemical sectors. • Nigerian Banks Take on Fintechs • Notable deals of the week. African Commodities platform gets $26.5 million investment from British International Investment. The UK’s development finance institutional (DFI) and impact investor British International Investment (BII) has
Fintech
Generates $157 Billion through Digital Banking Transaction Nigerian banks are longer just maintaining the status quo of traditional banking, they are seeing fast-emerging opportunities across the digital banking value chain, and positioning for a share of the growing market. Three of Nigeria's Tier-1 banks namely Access Holdings. Guaranty
Sovereign Debt
* The economy of world's largest producer of cobalt is expected to rise by 6% this year. * Global demand for Cobalt continues to increase The Democratic Republic of the Congo (DRC), The world’s largest producer of cobalt and the IMF have agreed the fifth review of the three-year
Briefings
Key Takeaways: Ghana gets the next $3 billion IMF credit facility, Africa Bank buys Sasfin’s, Sony commits $10 million to Africa's Entertainment Industry and Notable deals of the week. Sovereign Debt Ghana gets next tranche of $3 billion IMF credit facility. The International Monetary Fund and The
Deep Dives
Not many African Conglomerates have grown to dominate their local and regional markets without engaging the public capital market for financing. Though this trend continues, the maturation of Africa’s private capital markets has grown over the last two decades, with more financing opportunities to companies at varying stages of
Industries
Data is everything, especially in Africa where its internet economy is growing at a fast rate leading to significant demand for data infrastructure and cloud base services. The nature of the demand cuts across key sectors of the economy such as financial services, healthcare, technology, businesses and government agencies with
Sovereign Debt
Ghana needs an urgent resolution to its external debt crisis to unlock the $ 3 billion IMF bailout for the country, but this comes at a price, first the implementation of severe austerity measures and second an agreement with its international creditors, neither of which are easy options, hence recent twists
Fintech
The Central Bank of Nigeria introduced a new Naira Exchange Policy, aimed at reducing liquidity in the economy and encouraging a cashless society. The implementation, timelines and motives are still questioned and the impact felt across the economy, more strain on existing banking infrastructure, slow down in informal transactions and