Insights
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
Infrastructure Finance
African Infrastructure Investment Managers (AIIM) Completes First Close of 4th Fund At $230 million.
Africa Infrastructure Investment Managers, an infrastructure private equity firm with $2.8 billion in assets under management (AUM), has successfully completed the initial closing of its African Infrastructure Investment Fund 4 (AIIF4) at $230 million, with a target size of $500 million. Some Context : The fund, which has a 13-year
Markets
Cameroon Issues $500million Bonds in Private Placement.
Cameroon has recently made its debut in the international credit markets through the issuance of $500 million in bonds. Despite the heightened interest rates, these bonds have garnered significant demand from various African nations namely Kenya, Ivory Coast, Senegal since the outset of 2024, thereby bolstering fiscal capabilities and enabling
Merger and Acquisition
Moody's Completes Acquisition of African Credit Rating Agency GCR Ratings.
Moody's, the global rating agency, has completed the acquisition of GCR Ratings, a prominent credit rating agency in Africa, gaining full ownership. Why does it matter : GCR Ratings has a strong presence in several of Africa's most robust economies, including South Africa, Nigeria, Kenya, and Mauritius.
Trade Finance
African Development Bank (AfDB) and Banque Centrale Populaire (BCP)sign $70million Trade Finance Agreement.
The African Development Bank (AfDB) and Banque Centrale Populaire (BCP) have agreed on a $70 million risk-sharing agreement (RSA) to provide trade financing for the private sector across Africa. This agreement will address the urgent trade financing needs for small and medium-sized enterprises (SMEs) across the continent by limiting the
Bonds
Kenya confident of repaying $2bn Eurobond due in June
Kenya seems confident they can repay the $2 billion Eurobond due in June. Let's go deeper: The country has a debt profile of around $61.5 billion, which is around 67 per cent of its gross domestic product( GDP), with a 29 per cent currency devaluation against the
Finance
What Mastercard sees in MTN's $5.2 billion Fintech Business
Global financial services firm Mastercard has acquired a minority stake in the Fintech business of MTN Group Limited, the South African multinational corporation and mobile telecommunications provider. Let's go deeper: MTN's CEO indicated last year that the company was willing to sell 30% of the fintech