Corporate Debt
The International Finance Corporation (IFC) is considering providing Airtel Africa with a debt financing facility of up to $200 million. Some Context: Airtel Africa plc provides telecommunications, data centres, distribution networks, and mobile money services across 14 West, Central, and East African countries. The company intends to use the new
Corporate Debt
Ecobank Transnational Incorporated (ETI) repaid a 5-year, $500 million Eurobond loan that matured last week. Why does this matter: Ecobank is a multinational banking conglomerate that operates locally in 33 African countries. The company's first international debt market entry was a $200 million bond issue, listed on the
Corporate Debt
South Africa-based car subscription startup Planet42 has secured a $16 million loan from Standard Bank to replace its euro-dominated debt. The company recently raised $100mn to drive its global expansion. The recent funding was co-led by Naspers of South Africa and ARS Holdings, and other existing and new shareholders. US-based
Corporate Debt
South Africa's leading grocer, Pick n Pay, is in renegotiation talks with FirstRand over its loan commitment as it prepares for the IPO of its Boxer Brand. The South African retailer has been facing financial challenges, which have affected its customer engagement and supply chain. It needs an