Africa Loans

African Export-Import Bank might enlarge its loan, having received around $1bn of commitments.

Africa’s Ecobank Transnational, the parent company of the Ecobank Group, has hired the chief executive officer of Citi’s sub-Saharan Africa division to lead its business.

Ghana National Cocoa Board (Cocobod) has completed the early bird senior phase of its annual loan syndication with a strong oversubscription, said bankers involved in the deal.

A group of small shareholders in Afren, the embattled London-listed oil exploration company, is striving to block Afren's restructuring agreement with its creditors.

South Africa’s FirstRand Bank has closed a $235m loan, having almost doubled the size of the facility in response to demand.

Imperial Mobility, the Johannesburg listed vehicle leasing and logistics company, has signed a €350m loan with banks.

Imperial Mobility, the Johannesburg-listed vehicle leasing and logistics company, has signed a €350m loan with banks.

Standard Chartered is sounding out Kenyan and international banks for a $500m loan for Kenya Power and Lighting Co that includes a World Bank guarantee.

Ghana National Cocoa Board (Cocobod) has entered the early bird senior phase of its annual loan, according to bankers involved in the deal.

Afren, the troubled oil exploration company, has avoided imminent bankruptcy with a $200m lifeline credit facility. The money injection follows a tense restructuring process in which two Nigerian banks dictated terms to a group of global financial giants, writes Olivier Holmey.

Loan Ranger was thrilled at the prospect of his impending trip to South Africa, until a leveraged loan banker gave him pause with a cautionary tale…

Hopes for new Nigerian loans are growing after the country’s election, with bankers optimistic that deals for banks and oil and gas companies could arrive soon.