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Cameroon Issues $500million Bonds in Private Placement.

Markets Featured

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

d.light secures $176 Million Multi-Currency Securitisation Facility

d.light secures $176 Million Multi-Currency Securitisation Facility

d.light, a leading provider of solar-powered products and financial services for low-income households, has successfully secured a substantial $176 million securitisation multi-currency facility from Africa Frontier Capital, a prominent social impact-focused asset management firm. Why is this important: This funding will directly benefit an estimated six million individuals across

African Union To Establish Its Own Credit Rating Agency.

African Union To Establish Its Own Credit Rating Agency.

Tanzania's Amsons Group $180 million Acquisition of Kenya's Bamburi Cement.

Tanzania's Amsons Group $180 million Acquisition of Kenya's Bamburi Cement.

GPs and LPs Activities

GPs and LPs Activities

This week's interesting GPs and LPs dealmaking events * Star Garments, a Sri Lanka-based apparel manufacturing company, has secured a $15 million loan from the International Finance Corporation (IFC) to build Togo's first large-scale, export-focused apparel manufacturing center. * Ghana-based Oasis Capital has announced the first close of

Moody's Completes Acquisition of African Credit Rating Agency GCR Ratings.

Merger and Acquisition Featured

Moody's Completes Acquisition of African Credit Rating Agency GCR Ratings.

GPs and LPs Activities

GPs and LPs Activities

A weekly round of GPs and LPs activities. * Global Social Impact Investments (GSI), an impact investment fund manager, has secured a €15 million commitment from the Spanish Agency for International Development Cooperation (AECID). This will increase GSI's investing capacity in high-impact African companies. * Renew Capital, an Africa-focused impact

Africa Energy Bank: A Potential Game-Changer

Africa Energy Bank: A Potential Game-Changer

Africa Data Centres Raises $110 million for Expansion.

Africa Data Centres Raises $110 million for Expansion.

Africa Data Centres, the largest operator and owner of interconnected, carrier, and cloud-neutral data centre facilities in Africa, has secured $110 million to meet the growing demand for cloud computing services in South Africa. Why is this important: This development holds significant importance as the continent’s expanding digital infrastructure

The Great Africa Eurobond Return

The Great Africa Eurobond Return

This Week in Africa Finance

This Week in Africa Finance

Today's email: * Fixed Income: WAEMU Countries raise $239.8 million in Fixed Income * FDI: Ethiopia nears $3.5 billion FDI goal. * Marco and Market Matters: South Africa keeps interest rate. * Infrastructure and Project Finance: Asian Infrastructure Investment Bank to invest $1 billion in Africa. * Deals: Unmissable deals of

This Week in Africa Finance

This Week in Africa Finance

Welcome back to your weekly essential briefing on African finance and why it's important. Today's email: * Sovereign Finance : Ivory Coast get BB- rating, highest in Africa. * Industrials: Safaricom Ethiopia seeks $350 million Debt from IFC. * Marco and Market Matters: Kingdom of Eswatini issues $217 million bond

African Development Bank (AfDB) and Banque Centrale Populaire (BCP)sign $70million Trade Finance Agreement.

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

Rwanda secures $164.6 million in vital financing from the IMF.

Rwanda secures $164.6 million in vital financing from the IMF.

IFC Considers $200Million Debt Investment in Airtel Africa.

IFC Considers $200Million Debt Investment in Airtel Africa.

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

Egypt's Beltone Investment Holding Launches $100Million Private Credit Platform

Egypt's Beltone Investment Holding Launches $100Million Private Credit Platform

Egypt-based Beltone Investment Holding (BIH), an affiliate of Beltone Holding, has launched a $100 million private credit platform to support Egyptian exporters. Why is this important: Few private credit offerings exist across Africa, and Beltone's platform provides a unique opportunity in the Egyptian financial markets. The private credit

This Week in Africa Finance

This Week in Africa Finance

Beltone Investment's $100 million private credit platform, Kenya's $2 billion PPP airport project, and Airtel Africa's $200 million debt facility. In Today's Email: * Corporate Debt: IFC mulls a $200 million debt facility for Airtel Africa. * Private Credit: Beltone Investment Holding launches a

IMF and Mali Agree On $120 Million Rapid Credit Facility.

IMF and Mali Agree On $120 Million Rapid Credit Facility.

Mali recently reached a staff-level agreement with the International Monetary Fund (IMF) to obtain emergency financing through the Exogenous Shock Window of the Rapid Credit Facility (RCF). Why is this important: The agreement will provide Mali with $120 million (approximately 0.6% of GDP) to support its urgent balance-of-payments (BOP)

Morocco's OCP Group's $2 Billion Dual-Tranche Eurobond 3.1 Times Oversubscribed.

Morocco's OCP Group's $2 Billion Dual-Tranche Eurobond 3.1 Times Oversubscribed.

Afreximbank Secures $350 Million Trade Finance Commitments.

Afreximbank Secures $350 Million Trade Finance Commitments.

Ecobank Repays $500Million 5-Year Eurobond Debt.

Ecobank Repays $500Million 5-Year Eurobond 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

Egypt Receives $820 Million From IMF's Extended Fund Facility (EFF) Deal.

Egypt Receives $820 Million From IMF's Extended Fund Facility (EFF) Deal.

Egypt has secured $820 million as the second tranche of the International Monetary Fund's (IMF) loan program. The country has been taking decisive measures to grow its economy, consistently reduce its debt-to-GDP ratio, and increase revenue through deals with some Middle Eastern investors. Despite facing economic challenges similar

Kenya: The Rise of Rutonomics

Kenya: The Rise of Rutonomics

President William Ruto's economic reforms have yielded positive results for the largest economy in East Africa. Why is this important: President Ruto campaigned on a 'bottom-up' economic model that aimed to strengthen the Micro, Small, and Medium Enterprises (MSMEs) economy, create a strong digital superhighway and

Ghana Yet To Restructure $13 Billion Debt with International Bondholders

Ghana Yet To Restructure $13 Billion Debt with International Bondholders

Ghana still needs to secure a restructuring deal for its $13 billion debt with its International bondholder. Why does this matter: Ghana is currently facing economic challenges and is working to resolve them. One of the significant issues is agreeing on a restructuring deal for its $13 billion debt with

Global and Domestic Investors Expressed Confidence in Ethiopia's New Securities Exchange with $26.6 million Investment.

Global and Domestic Investors Expressed Confidence in Ethiopia's New Securities Exchange with $26.6 million Investment.

Global and domestic investors in Ethiopia are expressing confidence in the country's new securities exchange in its new fundraising, which has already exceeded expectations. Why is this important: The exchange will provide investors and companies with the much-needed critical financial infrastructure and platform to trade securities, enabling them