Latest
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
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
Insights
Africa's Latest Unicorn
Insights
The Rise of Credit Guarantee Finance.
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
Bonds
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
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
Private Credit
Tanzania's CRDB Bank Secures $200million Facility from Citbank and U.S DFC.
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 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
Briefings
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
Insights
Africa Private Credit: The Next Frontier
Insights
LPs Indicate Strong Appetite for Impact Investing in Africa
Private Credit
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
Insights