Africa Loans
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Project intended to increase supply of copper and cobalt for the energy transition
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Irish energy company seeks $750m from bank consortium headed by Afreximbank
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The $306m sustainability-linked loan funds assets in seven African countries
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State-owned borrower signs loan after Ghana begins talks with IMF
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Banks were keen on the borrower despite Ghana’s financial woes
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Borrowers are reluctant to make deals more complicated when securing any loan is tough
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Hopes IMF programme will help restore market access
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Both lenders and borrowers hate the pricing on offer, depending on which part of the market they occupy
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EM borrowers turning to bank finance but loan market window will not last forever
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Western lenders had planned to stand by Russia until the invasion of Ukraine in February
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African infrastructure investor widened its lender pool and secured a tight spread on new loan
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Days after the Tunisian President Kais Saied shocked the world by freezing parliament and boosting his executive power, sources say that investors have little to be concerned about as conversations with the IMF continue to progress. The political saga, which some are calling ‘much-needed’, will not impact Tunisia’s ability to service its debt.