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
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'
Infrastructure Finance
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
Industries
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
Trade Finance
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
Insights
Insights
Infrastructure Finance
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
Eurobond
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
Structured Finance
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
Private Credit
Citibank, the US banking division of Citigroup, and The U.S. International Development Finance Corporation (DFC) have collaborated to offer CRDB Bank Tanzania, the largest commercial bank in Tanzania, a significant financing package of $320 million. Why does this matter: This partnership is crucial as it addresses the challenge of
Economics
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